Connected Gym Equipment Market Size, Share, Demand and Forecast 2024-2032

Connected Gym Equipment Industry

Summary:

The global connected gym equipment market size reached US$ 964.4 Million in 2023.
The market is expected to reach US$ 8,996.1 Million by 2032, exhibiting a growth rate (CAGR) of 27.3% during 2024-2032.
Based on the equipment type, the market is categorized into cardiovascular training equipment, strength training equipment, and others.
On the basis of the connectivity type, the market has been divided into Bluetooth, wi-fi, ethernet, RFID/NFC, and others.
Based on the distribution channel, the market has been bifurcated into online and offline.
On the basis of the end user, the market is segregated into residential, gyms and health clubs, and commercial.
Region-wise, the market has been segmented into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others) and Middle East and Africa.
The growth of the connected gym equipment market is significantly driven by the expansion of digital fitness communities and social networking features.
The rise of subscription-based fitness models offers users access to diverse classes and expert trainers remotely, making high-quality workouts more accessible.