Top 3 Trends Impacting the Global Connected Gym Equipment Market 2017-2021: Technavio

Technavio has published a new report on the global connected gym equipment market from 2017-2021. (Graphic: Business Wire)

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LONDON--()--Technavio’s latest market research report on the global connected gym equipment market provides an analysis of the most important trends expected to impact the market outlook from 2017-2021. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.

Poonam Saini, a lead analyst from Technavio, specializing in research on retail goods and services sector, says, “The global connected gym equipment market is expected to grow at an impressive CAGR of close to 45%, due to the growing consumer demand for mobile health devices. The connected gym equipment used by professional gyms in the healthcare and fitness industry comes with built-in app support.”

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The top three emerging market trends driving the global connected gym equipment market according to Technavio’s research analysts are:

  • Players collaborating with technology companies to integrate smart features
  • Adoption of smart fitness wear in gym centers
  • Compatibility with different mobile operating systems

Players collaborating with technology companies to integrate smart features

Most connected gym equipment manufacturing companies are collaborating with technology companies in developing app-based gym equipment. Consumers prefer smart-connectivity gym equipment that monitors the workouts. Due to the growing adoption of smart devices, various connected gym equipment manufacturers are collaborating with technology providers for the development of connected gym equipment.

For instance, eGym partnered with leading fitness software and equipment manufacturers to allow seamless data transfers and for enhanced support. The equipment suppliers for eGym include cardioscan, Fle-xx, MATRIX, SCOTFIT, and InBody. The apps, devices, and test suppliers of the company include Fitbit and Withings.

Similarly, Life Fitness has partnered with MyFitnessPal, which provides an app that syncs with Life Fitness exercise equipment and tracks the calories burned while using Life Fitness exercise equipment machines. Fitness users can connect their free Life Fitness LFconnect account with the MyFitnessPal account. This new integration allows MyFitnessPal users to track the number of calories burned during workouts on Life Fitness equipment and it automatically transfers their workouts data to the MyFitnessPal app.

Adoption of smart fitness wear in gym centers

In both developed and developing economies, the adoption of smart fitness wear is growing year-on-year. These smart fitness wear products are equipped with sensors and Bluetooth that can transmit data regarding the wearer’s energy output, stress levels, and heart rate. Due to these features present in the products, the customers are using these products during workouts. Additionally, fitness enthusiasts are attracted to the possibility of connecting their smartphone or smart fitness wear products to the gym machines in order to track their performance, and they can personalize their virtual workout schedules that allow them to maximize their time and effort at the gym.

Compatibility with different mobile operating systems

Growing technology enables people to use their smartphones and tablets to track their fitness activities such as the number of calories burnt. That is regardless of the brand and operating system of the devices. With the help of smart connected devices technology, the smartphones and tablets can reduce the complexity of managing various devices from different places. Almost all the smart connected apps work on Android and iOS.

“The connected gym equipment products developed by various vendors in the market are compatible with different mobile operating systems such Android and iOS. Users can download these apps that connect to the various gym equipment from Android and iOS app stores or the company websites directly,” says Poonam.

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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com

Release Summary

Technavio’s latest market research report on the global connected gym equipment market provides an analysis of the most important trends expected to impact the market outlook from 2017-2021.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com