SAN FRANCISCO, Oct. 13, 2021 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled «Connected Gym Equipment – Global Market Trajectory & Analytics». The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 9; Released: April 2021
Executive Pool: 402
Companies: 42 – Players covered include Draper, Inc.; eGym GmbH; Johnson Health Tech Co., Ltd.; Les Mills International Ltd.; Life Fitness; Nautilus, Inc.; Paradigm Health & Wellness; Precor, Inc.; Technogym SpA and Others.
Coverage: All major geographies and key segments
Segments: End-Use (Residential, Gym/Health Clubs, Commercial Users); Segment (Cardiovascular Training Equipment, Strength Training Equipment, Other Equipment)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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Global Connected Gym Equipment Market to Reach $1.2 Billion by 2026
Amid the COVID-19 crisis, the global market for Connected Gym Equipment estimated at US$255.7 Million in the year 2020, is projected to reach a revised size of US$1.2 Billion by 2026, growing at a CAGR of 28.3% over the analysis period. Cardiovascular Training Equipment, one of the segments analyzed in the report, is projected to record a 29.7% CAGR and reach US$913.5 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Strength Training Equipment segment is readjusted to a revised 26.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $102.8 Million in 2021, While China is Forecast to Reach $200.2 Million by 2026
The Connected Gym Equipment market in the U.S. is estimated at US$102.8 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$200.2 Million by the year 2026 trailing a CAGR of 27.4% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 25.4% and 24.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 19.8% CAGR. More
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SOURCE Global Industry Analysts, Inc.