Connected Gym Equipment Market

• Rapid digitization of the health and fitness industry is driving the market growth

One of the main reasons influencing the market's growth is the rapid digitization of the health and fitness sector around the world. Additionally, the expansion of gyms, fitness clubs, and home fitness centers, as well as the general increase in health consciousness, are all contributing to the market's expansion. Smart wearables and linked gadgets are commonly used by sports enthusiasts and athletes to store, monitor, and analyze health information for improving their fitness levels. Another growth-promoting element is the incorporation of software-based coaching solutions in sporting goods.

Weight lifted, sets and reps performed, range of motion, and calories expended may all be tracked and monitored by the connected machines. It is projected that additional factors, such as expanding consumer spending power and public awareness over cardiovascular diseases, will propel the market toward expansion.

The market for connected gym equipment is developing primarily due to rising smartphone adoption and rising demand for linked gym services. The global adoption of smartphones is rising. The top countries with the highest smartphone penetration rates are South Korea, Australia, Israel, the United States, Spain, the United Kingdom, Canada, Chile, Malaysia, and Germany. The distribution and use of many online services are being impacted by the faster internet. Data consumption is rising globally due to expanded networks, better coverage, and cutting-edge technologies (3G, 4G/LTE, or Long-Term Evolution).

The demand for linked gym equipment and exercise accessories is rising. Connected fitness is a quickly growing industry that starts with measuring physical activity and collects information through wearable tech, mobile apps, and other channels. The development of gym equipment that can be connected to an app is the main focus of vendors. Peloton introduced the smart home gym equipment Bike+ and Tread in September 2020. The HD-resolution touchscreen display on Bike+ enables customers to keep track of their exercise routines. These elements will fuel the market's expansion during the prediction period. Thus, driving the Connected Gym Equipment market revenue.

The Global Connected Gym Equipment Market Industry is poised for substantial growth, with projections indicating a market value of 1.06 USD Billion in 2024 and an impressive increase to 23.2 USD Billion by 2035. This remarkable growth trajectory suggests a compound annual growth rate (CAGR) of 32.36% from 2025 to 2035. Such figures reflect the increasing consumer interest in connected fitness solutions and the industry's ability to innovate and adapt to evolving market demands. As the market expands, it is likely to attract new entrants and foster competition, further driving advancements in connected gym equipment.

Technological advancements play a pivotal role in shaping the Global Connected Gym Equipment Market Industry. Innovations such as artificial intelligence, machine learning, and IoT integration are transforming traditional gym equipment into smart devices that provide users with tailored workout experiences. These advancements enable real-time tracking of performance metrics, personalized workout plans, and interactive training sessions. As consumers increasingly seek engaging and effective fitness solutions, the market is expected to expand significantly. The anticipated growth trajectory suggests a market value of 23.2 USD Billion by 2035, reflecting the potential of technology to revolutionize the fitness landscape.

The Global Connected Gym Equipment Market Industry experiences a surge in demand driven by increasing health consciousness among consumers. Individuals are becoming more aware of the importance of physical fitness and overall well-being. This trend is evidenced by the growing number of people engaging in regular exercise and seeking innovative solutions to enhance their fitness routines. As a result, connected gym equipment, which offers personalized training experiences and real-time feedback, is gaining popularity. The industry's growth is further supported by the projected market value of 1.06 USD Billion in 2024, indicating a robust interest in fitness technology.

The Global Connected Gym Equipment Market Industry is witnessing a notable shift towards home fitness solutions. As more individuals opt for convenience and flexibility in their workout routines, connected gym equipment designed for home use is gaining traction. This trend is particularly appealing to those who prefer to exercise in the comfort of their homes. The rise of smart fitness devices, such as connected treadmills and stationary bikes, caters to this demand. The industry's growth is projected to maintain a CAGR of 32.36% from 2025 to 2035, underscoring the increasing preference for home-based fitness solutions.

The Global Connected Gym Equipment Market Industry is bolstered by the expansion of fitness apps and online communities. These platforms provide users with access to a wealth of resources, including workout plans, nutrition advice, and social support. The integration of connected gym equipment with these digital platforms enhances user engagement and motivation. As individuals increasingly rely on technology for fitness guidance, the synergy between connected devices and online communities is likely to foster a more interactive and supportive fitness environment. This trend is indicative of the industry's adaptability to changing consumer preferences.

The Global Connected Gym Equipment Market Industry is significantly influenced by the growing demand for personalized fitness experiences. Consumers are increasingly seeking tailored workout programs that cater to their individual fitness levels and goals. Connected gym equipment offers features such as adaptive training algorithms and user-specific feedback, enhancing the overall workout experience. This trend aligns with the broader movement towards customization in various sectors, including health and wellness. As the market evolves, the emphasis on personalized fitness solutions is expected to drive further innovation and growth within the industry.

By Region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. North America Connected Gym Equipment market dominated the Connected Gym Equipment Market in 2022 and accounted for largest market share. The level of consumer product awareness, desire to invest in cutting-edge connected equipment, retailer penetration, and product price all play a vital role in the development of the connected gym equipment market in this region. Further, the U.S.

Connected Gym Equipment market held the largest market share, and the Canada Connected Gym Equipment market was the fastest growing market in the North America region.

Further, the major countries studied in the market report are The U.S., Canada, German, France, the U.K, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: CONNECTED GYM EQUIPMENT MARKET SHARE BY REGION 2022 (%)

Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

The European Connected Gym Equipment market is expected to witness a decent growth rate during the forecast period. The market in the region is expected to increase as a result of rising health awareness income. Due to the increased demand for gym facilities from customers, offices, hotels, schools, and high-end condominiums are providing gym facilities. Germany, the U.K., Spain, and Italy are predicted to contribute a sizable market share. Further, the German Connected Gym Equipment market held the largest market share, and the U.K Connected Gym Equipment market was the fastest growing market in the European region.

Asia Pacific Connected Gym Equipment market is projected to exhibit the fastest growth over the forecast period. The market in this area, particularly in China, Japan, India, and Australia, is expected to be driven by rising health awareness and rising consumer spending power. Large fitness clubs and small to mid-sized gyms have both grown in number in this area during the last few years. Fitness facilities have been installed in a variety of establishments, including hotels, offices, high-end residences, and schools.

Further, China’s Connected Gym Equipment market held the largest market share, and the Indian Connected Gym Equipment market was the fastest growing market in the Asia-Pacific region.

Leading market players are investing heavily in research and development in order to expand their Product lines, which will help the Connected Gym Equipment market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Connected Gym Equipment Industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Connected Gym Equipment Industry to benefit clients and increase the market sector. In recent years, the Connected Gym Equipment Industry has offered some of the most significant advantages to medicine. Major players in the Connected Gym Equipment market, including Brunswick Corporation, Core Health & Fitness LLC, Draper Inc., EGYM, Johnson Health Tech Co.

Ltd., Les Mills International Ltd., Nautilus Inc., Paradigm Health & Wellness, Precor Incorporated (Peloton Interactive Inc.), Technogym S.p.A and TRUE Fitness Technology Inc., are attempting to increase market demand by investing in research and development operations.

Nautilus Inc. (Nautilus) is a marketer, developer, and producer of fitness and health products that provides attachments for items for strength and cardio. It distributes its goods through a wide network of independent and niche stores. The company's product line consists of equipment for both cardio and strength training, such as treadmills, ellipticals, exercise bikes, dumbbells, kettlebells, and barbells, as well as accessories, home gyms, weight benches, and dietary supplements. Online retailers include schwinnfitness.com, nautilus.com, bowflex.com, and bowflex.ca. Nautilus, Inc. will introduce the New Bowflex® BXT8J Treadmill with JRNY® Adaptive Fitness App in September 2022.

The Johnson Health Tech Co., Ltd. produces and sells a range of exercise gear for both commercial and residential use. Treadmills, ellipticals, air rowers, recumbents, uprights, and steppers are among the company's offerings. The world over, Johnson Health Tech has distributors. Johnson Health Tech (JHT), a former distributor for JHT, announced in June 2022 that it had acquired the fitness section of Cravatex Brands Limited. As a result, JHT is now the first manufacturer of exercise equipment to have a wholly-owned subsidiary in India.