Dublin, Dec. 31, 2020 (GLOBE NEWSWIRE) -- The "Connected Gym Equipment - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Connected Gym Equipment Market to Reach US$1.5 Billion by the Year 2027
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$1.5 Billion by 2027, growing at a CAGR of 28.3% over the analysis period 2020-2027.
Cardiovascular Training Equipment, one of the segments analyzed in the report, is projected to grow at a 29.7% CAGR to reach US$913.5 Million by the end of the analysis period. After an early 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. This segment currently accounts for a 29.3% share of the global Connected Gym Equipment market.
The U. S. Accounts for Over 30% of Global Market Size in 2020, While China is Forecast to Grow at a 27.5% CAGR for the Period of 2020-2027
The Connected Gym Equipment market in the U. S. is estimated at US$76.8 Million in the year 2020. The country currently accounts for a 30.02% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$250.2 Million in the year 2027 trailing a CAGR of 27.4% through 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 25.4% and 24.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 19.8% CAGR while Rest of European market (as defined in the study) will reach US$250.2 Million by the year 2027.
Other Equipment Segment Corners a 13% Share in 2020
In the global Other Equipment segment, USA, Canada, Japan, China and Europe will drive the 24.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$26.6 Million in the year 2020 will reach a projected size of US$124.6 Million by the close of the analysis period.
China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$173.1 Million by the year 2027.
The report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others:
Johnson Health Tech Co., Ltd.
Les Mills International Ltd.
Paradigm Health & Wellness
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Global Competitor Market Shares
Connected Gym Equipment Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
Connected Gym Equipment Global Market Estimates and Forecasts in US$ by Region/Country: 2020-2027
Connected Gym Equipment Market Share Shift across Key Geographies Worldwide: 2020 VS 2027
Cardiovascular Training Equipment (Segment) World Market by Region/Country in US$: 2020 to 2027
Cardiovascular Training Equipment (Segment) Market Share Breakdown of Worldwide Sales by Region/Country: 2020 VS 2027
Strength Training Equipment (Segment) Potential Growth Markets Worldwide in US$: 2020 to 2027
Strength Training Equipment (Segment) Market Sales Breakdown by Region/Country in Percentage: 2020 VS 2027
Other Equipment (Segment) Geographic Market Spread Worldwide in US$: 2020 to 2027
Other Equipment (Segment) Market Share Distribution in Percentage by Region/Country: 2020 VS 2027
Residential (End-Use) Demand Potential Worldwide in US$ by Region/Country: 2020-2027
Residential (End-Use) Share Breakdown Review by Region/Country: 2020 VS 2027
Gym/Health Clubs (End-Use) Worldwide Latent Demand Forecasts in US$ by Region/Country: 2020-2027
Gym/Health Clubs (End-Use) Distribution of Global Sales by Region/Country: 2020 VS 2027
Commercial Users (End-Use) Sales Estimates and Forecasts in US$ by Region/Country for the Years 2020 through 2027
Commercial Users (End-Use) Global Market Share Distribution by Region/Country for 2020 and 2027
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
Market Facts & Figures
Connected Gym Equipment Market Share (in %) by Company: 2019 & 2025
Connected Gym Equipment Market Estimates and Projections in US$ by Segment: 2020 to 2027
Connected Gym Equipment Market Share Breakdown by Segment: 2020 VS 2027
Connected Gym Equipment Latent Demand Forecasts in US$ by End-Use: 2020 to 2027
Connected Gym Equipment Market Share Breakdown in the United States by End-Use: 2020 VS 2027
Total Companies Profiled: 42
For more information about this report visit https://www.researchandmarkets.com/r/qyxl0
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