Market Overview and Forecast with the Impact of COVID-19 (2021-2026)


Summary The global connected fitness market is valued at $ 1068.10 million in 2020. The increase in fitness awareness among people across the globe, along with the rapid digitization of many industries on a global level, is driving the market .

New York, October 08, 2021 (GLOBE NEWSWIRE) – Announces the Publication of the “Global Connected Fitness Market – Analysis By Type (Hardware, Software), Application, End Use, By Region, By Country (2021 Edition)) : Market overview and forecast with the impact of COVID-19 (2021-2026) “-
Smart fitness equipment provides better clarity on users’ performance by tracking, monitoring and analyzing their workouts. This has boosted the popularity of these devices and equipment among sports enthusiasts and athletes, thereby positively impacting the growth of the connected fitness market.

Depending on the type, the software segment is expected to grow significantly, as with people exercising without the assistance of a trainer or coach, technology has become the only respite. Following the sequel to many other sectors, the fitness industry has also witnessed a massive digital transformation during the pandemic which is accelerating the software segment market in the connected fitness market worldwide.

The Asia-Pacific region is expected to experience huge growth due to the growing labor force and rapid urbanization in the emerging countries of the Asia-Pacific region, supporting the growth of the market. Countries like India, China, and Japan present a lucrative market for Connected Fitness.

In addition, the increase in the busy lifestyle has led to the increasing physical inactivity, which is giving acceleration to the connected fitness market. In addition, the growing concerns about obesity as well as the heightened awareness of people to maintain their health has been a key factor in increasing the market demand.

Scope of the report
• The report presents the analysis of the connected fitness market for the historical period of 2016-2020 and the forecast period of 2021-2026.

• The report analyzes the connected fitness market in value (millions USD).

• The report analyzes the connected fitness market by type (hardware, software).

• The report analyzes the Connected Fitness Market by Application (Exercise & Weight Loss, Diet & Nutrition, Activity Tracking).

• The report analyzes the connected fitness market by end use (home, health clubs / gyms)

• The global connected fitness market was analyzed by country (United States, Canada, Italy, United Kingdom, Germany, France, China, Japan, India, Australia).

• The main ideas of the report were presented through the frameworks of SWOT and Porter’s Five Forces Analysis. Further, market attractiveness has been presented by region, type, application, end use.

• In addition, the major opportunities, trends, drivers and challenges of the industry have been analyzed in the report.

• The report tracks competitive developments, strategies, mergers and acquisitions, and new product development. Companies analyzed in the report include Peloton, Planet Fitness, YETI Holdings, Garmin, Callaway, Under Armor, Nike, Cosco, Fitbit, Performax.

Key target audience

• Connected suppliers to the fitness industry

• Manufacturers of fitness equipment

• Consulting and consulting firms

• Government and decision-makers

• Regulatory authorities
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