According to the report titled ‘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)’, available with MarketStudyReport, global connected fitness market was worth USD 1068.10 million in 2020 and is projected to showcase substantial growth during the forecast period 2021-2026.

 

Rising fitness awareness among individuals all over the world, as well as the accelerated digitization of several sectors are major driving factors for growth in global connected fitness market. Furthermore, a surge in busy lifestyles has led to physical inactivity, which along with higher incidence of obesity is propelling the market forward.

 

Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/4226458/

 

Notably, by tracking, monitoring, and analyzing the users' workouts, smart fitness equipment provides a clearer picture of their performance. Rising popularity among sports persons and athletes, along with digital revolution in the field backed by pandemic are boosting development in the business sphere.

 

Based on application scope, worldwide connected fitness market is classified into diet & nutrition, exercise & weight loss, and activity tracking. By end-use terrain, the industry is divided into health clubs/gyms, and home.

 

As per type, the market is categorized into hardware, and software. The software segment is predicted to rise dramatically through 2026, owing to consumer preference to exercise without the assistance of a trainer or coach, wherein technology plays an elemental role. 

 

Regarding the regional terrain, the market study spans across North America (Canada, U.S.), LAMEA, Europe (UK, Germany, France, Italy), and Asia Pacific (India, China, Australia, Japan). Of these, Asia Pacific market is expected to elevate exponentially during the forecast period, because of growing working population, and fast urbanization in emerging nations like India, China, and Japan.

 

Speaking of the competitive analysis, top tier players in global connected fitness market include companies like Performax Activewear, Peloton Interactive Inc., Under Armour Inc., YETI Holdings Inc., Callaway Golf Company, Planet Fitness, Nike Inc., Garmin Ltd., Fitbit, and Cosco (India) Ltd. among others.