Global connected fitness market held USD 1068.10 million in 2020 and is poised to register substantial growth through 2026.

Industry Snapshot

• The major factors influencing the global connected fitness market trends are the increase in health-conscious consumers and the growing digitalization of multiple industries.
• Widespread adoption of busy lifestyles has led to an increase in physical inactivity is fueling the popularity of connected fitness solutions across the globe.
• Furthermore, rising obesity concerns, as well as greater public knowledge about the need of maintaining health are boosting the overall market growth as well.

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Market Overview

Type	Hardware
	Software
Application Scope	Exercise & weight loss
	Activity tracking
	Diet & nutrition
End-user Scope	Home
	Health clubs/ gyms

 

Window to the future

• The software segment is expected to generate substantial revenues for the industry participants in the ensuing years given the raid digitalization of the health industry, especially during the pandemic.
• Asia pacific market is predicted to grow significantly during the forecast period due to rapid urbanization.  Countries like China, India, and Japan present lucrative opportunities for worldwide connected fitness industry contenders.

Explainer

Smart fitness equipment is known to offer better clarity by tracking, monitoring, as well as assessing the person’s workout and performance. This has led to its widespread popularity among sports and fitness enthusiast, which in turn is contributing towards the demand for connected fitness across the globe.

The competitive landscape of global connected fitness industry vertical is defined by companies such as Peloton Interactive Inc., Performax, Planet Fitness, Fitbit Inc., YETI Holdings, Cosco Ltd., Garmin Ltd., Callaway Golf Co., Nike Inc., and Under Armour Inc.

 

Concluding Lines

Market research is a detailed elaboration of a business space that could take weeks or months to gather the data. Having said that, MarketStudyReport has prepared a research report on ‘Global Connected Fitness Market - Analysis By Type (Hardware, Software), Application, End Use, By Region, By Country (2021 Edition): Market Insights and Forecast with Impact of COVID-19 (2021-2026)’ which also provides information based on historic end current data to evaluate the various segmentations, expansion opportunities, geographical analysis at regional and national level and collectively evaluates the competitive landscape of leading industry players.