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The number of health clubs has been rising steadily over the world, a factor that has given this market a significant boost. Health clubs, hospitals, and hotels are key consumers in this segment, which require a wide variety of gym equipment to serve a large number of consumers. On the basis of application, the commercial segment held the largest share of over 80.0% in the global connected gym equipment market in 2018. This will give the market for connected gym equipment a significant boost. Rising concerns regarding cardiovascular disorders among adults on a global level as a result of hectic lifestyles and fluctuating climate patterns are expected to promote spending on various exercise equipment. Consumers use a wide range of connected cardiovascular devices, such as treadmills, elliptical, arm bikes, upright bikes, rowing machines, and alternative motion machines, in order to lose weight, improve heart health, and lower one’s blood pressure. A surge of fitness apps around the world has also greatly driven the market.īy product, cardiovascular training tools and machines dominated the global market in 2018, accounting for more than half of the total revenue. Connected gym equipment has gained much traction among health club members, supported by high penetration and ownership of smartphones and accessibility to high-speed internet. This has driven the popularity of such devices and equipment among sports enthusiasts and athletes, thereby having a positive impact on market growth.Ĭonnected gym equipment, machines, and devices can be connected to the internet, allowing them to collect and store data on centralized servers (such as cloud), which is accessible anywhere.
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Smart fitness equipment provide better clarity on the performance of the users by tracking, monitoring, and analyzing their workouts. Increasing fitness consciousness among people across the globe, along with rapid digitalization of numerous industries at a global level, is driving the market.
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The global connected gym equipment market size is expected to reach USD 5.96 billion by 2025, according to a new report by Grand View Research, Inc., registering a 31.2% CAGR during the forecast period. August 2019 | Report Format: Electronic (PDF)