Fitness Tech Trends for Innovators
Fitness Tech Trends for Innovators
Gym
Startups, corporates, and technologies poised to have the
greatest impact on fitness tech in 2018 and beyond.
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Anagha Hanumante
Tech-enabled fitness
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FITNESS INNOVATION DRIVERS
The at-home
fitness revolution
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Fitness tech is exploding
Startups providing exercise subscription Startups integrating fitness platforms with Startups integrating fitness hardware and
platforms, workout apps, and personal nutrition, weight management, mental software (connected fitness equipment,
training marketplaces health, and other aspects of wellness mobile apps, etc.)
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THE AT-HOME FITNESS EXPLOSION
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FROM COMBATTING DIGITAL ADDICTION TO DEVELOPING WELLNESS AI ASSI STANTS
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AUDIO FITNESS MEETS VOICE-ACTIVATED DEVICES
June 2018
Terms
undisclosed
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Peloton model extends to new workout segments
From strength training… …to rowing… …to Pilates and Crossfit…
Tonal offers a digital weight training machine True Rowing aims to bring the experience of Pre-launch Eon offers a robotics and AI-powered
that mounts on a user's wall and connects users rowing on the water to the at-home exercise workout machine that integrates Pilates, Crossfit,
to a built-in trainer that coaches them through market. The company has created CREW, which rowing, and other cardio elements. The platform
workouts via video. Algorithms adjust the level of brings on-water instruction from a team of expert offers adaptive content and adjusts machine
resistance in real-time. rowers to home. resistance in real-time.
Hykso, which produces wearables for boxing Rumble Boxing just announced a partnership with
workouts, launched “FightCamp,” an online on- celebrity fitness trainer Scooter Braun for an at-
demand subscription for boxing workouts in early home fitness program called “At-Home 360,” which
2018. The company’s technology, consisting of plans to feature other celebrity trainers, create
sensor-laden boxing gloves, aims to make boxing proprietary fitness equipment, and more.
workouts more affordable.
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…and integrate virtual reality
Boxing champion Floyd Mayweather unveiled a fitness tech concept at CES 2018 dubbed “Mayweather
Boxing + Fitness.” The program will offer gyms, a training app, and a virtual reality program that can be
done in the gym or at home.
The first gym opened in Los Angeles in January 2018.
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FITNESS TECH INTEGRATES WITH THE SMART HOME
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BIG-BOX AND BEYOND
Reinventing the
gym
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ARE GYM MEMBERSHIPS BECOMING OBSOLETE?
Source: MINDBODY Research Reveals The Impact Of Fitness Instructors On Client Retention 23
BUT
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*IHSRA
HIGH-END AND BUDGET FITNESS CHAINS EXPAND
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INTEGRATING TECH THROUGHOUT THE GYM VALUE CHAIN
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IMPROVING THE GYM EXPERIENCE
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FROM BIG-BOX TO BOUTIQUE
New boutique
formats
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“At the end of the day, technology
can never replicate the power of
camaraderie.”
Tim Tanguay
CFO of Orangetheory Fitness
Source: Inc.com 31
Cult brands incubate new fitness concepts
Fitness incubation & talent scouting Bringing workouts beyond the bike
Project By Equinox offers a fitness incubator for innovative class In September 2017, SoulCycle launched SoulAnnex, a fitness
formats and talent scouting for top instructors. Its limited-edition concept that offers floor-based exercises including stretching
classes ultimately aim to serve Equinox’s larger portfolio while and strength training. Its classes aim to complement traditional
also catering to adventurous fitness enthusiasts. bike classes and capitalize on the brand’s cult following.
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COMMODITIZING FITNESS TALENT
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MEMBERS-ONLY FITNESS SPACES
Performix House, which spun out of sports supplement brand Performix, Pre-launch Ghost aims to merge a members-only fitness lounge and private
launched a members-only gym in New York in February 2018. The club’s training facility with a machine-learning platform that will provide
monthly membership cost ranges from $249 to $900 and prospective personalized workout programming tailored to individuals’ fitness goals. In
members must apply and are vetted by the Performix House team. The In May 2018, the brand launched a temporary pop-up gym in Brooklyn to
club also offers an in-house content studio. introduce the concept to potential members prior to opening.
Appear Here offers an online platform connecting retail landlords with Wellness beverage brand Dirty Lemon recently opened a Manhattan-based
brands that wish to rent short-term retail space. Gyms and fitness brands cashierless “Drug Store” where customers can walk into the store and pick
could consider partnering with Appear Here for pop-up fitness studios, up a beverage and leave. Customers then text Dirty Lemon which beverage
wellness-focused events, and more. they took and receive an immediate credit card charge from the company.
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IOT TO VR AND BEYOND
Tech-enabled
fitness
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BEYOND THE ANNUAL CONTRACT: FLEXIBLE PRICING MODELS
Focus: On-demand service for Focus: Health club network Focus: Yield management Focus: Mobile app that lets Focus: Mobile app offering
consumers and employees to offering flexible gym options pricing technology and suite of users work out in participating network of gyms with one
access + 1,800 gyms all over ranging from discounted day software tools for fitness health clubs and pay for gym monthly membership, allowing
France with pay-as-you-go passes, short term membership studios and consumer app for time by the minute users to diversify their workout
passes options, and more on-demand class booking locations
Total funding: $17M Total funding: $15M Total funding: $9M Total funding: N/A Total funding: N/A
Select Clients: CMG Sports Select Clients: Virgin Active, Select Clients: F45 Training, Select Clients: New York Select Clients: New York
Club, Fitness Park, Energie Pure Gym, Energie Health Mile High Run Club, The Bar Health & Racquet Club, Sports Clubs, Equinox, Blink
Forme Clubs, Total Fitness Method World Gym, Tribeca Health & Fitness, Lifetime Fitness
Fitness
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UNLOCKING KEY CONSUMER INSIGHTS & GAINING OPERATIONAL EFFICIENCI ES
• Uses heart rate monitors in class • Pivot to subscription, value in • Digital coach chatbot integrated in
for real-time performance analytics diversity of classes vs. specific mobile app that learns from
type of class gymgoers’ goals and activities
• 2017 launch of BI portal for
reporting and client insights • Recommendation algorithm based • Geolocating beacon technology
on most popular workouts across the gyms tracks users’
• Cloud-based proprietary billing
activities and makes
platform for details fees reporting • Annual report for partner studios
recommendations
on boutique fitness trends
• Cloud-based financial
consolidating system to track
studios’ financials
Focus: Booking, payment, and Focus: Gym software, payment Focus: Membership management
membership management processing, and revenue software along with fitness
platform for gyms and studios management coaching and apps
Select Clients: Smartgyms, Select Clients: Gold’s Gym, Select Clients: The YMCA,
Fit 7/8 Equinox, Town Sports Basic-Fit, Xercise4Less
International 41
NEW DATA STREAMS FOR GYMS
Focus: Cloud-connected gym equipment and Focus: Connectivity for gym equipment to Focus: Inclusive fitness equipment with
cloud software and app for the training floor help gym owners track visitor data connectivity and cloud-based analytics
Select Investors: Bayern Kapital Select Investors: 500 Startups, BDC Select Investors: CincyTech, Ohio
Venture Capital TechAngels, Refinery Ventures
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THE CONNECTED TRAINING FLOOR
March 2018
Terms
undisclosed
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A HOLISTIC APPROACH
CureFit, India’s most well-funded fitness tech company, offers a HealthifyMe offers a mobile platform to help motivate people
mobile-first health and wellness platform, including workout towards healthy behavior. Once users set a specific fitness or
classes, nutrition services, a mental health platform, and most weight loss goal, the app connects them with nutritionists and
recently, AI-driven health planning. The eat.fit vertical provides trainers to craft a personalized diet and workout plan. The app
machine-driven demand prediction for orders, menu also offers an AI-based nutritionist named “Ria” for
programming, and food delivery management. personalized, on-demand nutrition and fitness support.
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SPREADING CONNECTIVITY THROUGHOUT THE WARDROBE
Disclosed funding:
Disclosed funding: N/A
$30K
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VR FITNESS FROM ARCADE GAMES TO COMMERCIAL GYMS TO THE HOME
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Black Box VR
gym gamifies
exercise
Idaho-based Black Box aims
to be the world’s first virtual
reality gym. The company
uses machine learning on its
patent-pending resistance
system, which immerses
users into virtual reality.
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Could the blockchain host VR fitness classes?
VIBEHub, a crypto-based virtual marketplace, is using blockchain technology to create the world`s first VR
decentralized marketplace for services. Users can purchase marketplace experiences from concerts to music
lessons to yoga or boxing classes. Virtual marketplaces could provide a new level of immersive fitness
experiences as well as enable marginalized populations to have greater access to fitness via AR/VR.
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PRODUCT DISTRIBUTION
Gyms as a wellness
point-of-sale
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INNOVATION DRIVERS
Why now?
Consumer values have shifted towards holistic Brands are capitalizing on wellness marketing to
wellness. entice consumers towards aspirational lifestyles.
Healthcare
Religion
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INCLUSIVE IS THE NEW BLACK
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BLENDING BEAUTY WITH HEALTH & WELLNESS
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BEAUTY PRODUCTS TARGETING YOUR WORKOUT
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FITNESS & BEAUTY BRAND PARTNERSHIP: ASPIRATIONAL LIFESTYLE
Fitness and beauty converged for Equinox in 2009, when the In early 2018, Equinox partnered with Glossier for a series of events across
company began partnering with L'Oréal-owned Kiehl’s to bring the New York, San Francisco, Chicago, and London. The events, which concurred
beauty brand’s products to its locker rooms for luxury post-workout with the launch of a new group fitness class by Equinox, allowed attendees to
beauty amenities. sample select Glossier products.
Source: LA Times 54
PLANT-BASED PROTEIN BLENDS FOR ENHANCED PERFORMANCE
Focus: Plant-based protein Focus: Pre & post-workout Focus: Post-workout protein Focus: Luxury organic
powders, protein bars, etc. powders drinks plant-based supplements
Disclosed funding: $85M Disclosed funding: $3M Disclosed funding: $1M Disclosed funding: N/A
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PORTION CONTROL & SUSTAINABLE PACKAGING
Focus: Edible, water-soluble pods Focus: Pre-measured scoops of Focus: Pre-filled protein pods with
providing on-the go, waste-free protein wrapped in dissolvable accompanying GudPod machine
protein packaging
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GYMS AS THE NEW POINT-OF-SALE
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NEW GYM DISTRIBUTION OPPORTUNITIES
Focus: Hemp-based waters, Focus: Performance line featuring Focus: Hemp-based supplement
protein, powders, capsules, and hydration beverages, beverage protein powders
more enhancers, cooling gels, and more
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BUDDING TRENDS: GYMS FOCUS ON HOLISTIC HEALTH AND WELLNESS
Encourages “bring your own” cannabis and edibles. Emphasizes cannabis therapy exercises and healthy
Focuses on healing and performance enhancing holistic lifestyle
properties of cannabis.
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OUTSIDE GYM WALLS
Partnerships
beyond the
gym
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BEYOND GYM WALLS
Sleep & meditation Corporate wellness Airlines, airports, & Beauty & personal Dating & social
services & co-working hotels care brands apps
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Casper partners
with Aaptiv to
bridge sleep and
fitness
In November 2017, audio
fitness app Aaptiv
partnered with Casper to
offer a week’s worth of
workouts designed to help
users achieve better sleep.
Such partnerships indicate
that the line between
fitness, sleep, and overall
wellness is becoming
increasingly blurred.
Located in Midtown Manhattan, wellness café Nap New York City-based café and spa Chillhouse offers
York offers nap pods, healthy meals and beverages, healthy meals and beverages, a nail salon, and
yoga classes, and a lounge. massages.
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POST-WORKOUT REWARD OPPORTUNITIES
Source: Nike 66
CORPORATE WELLNESS
Focus: Digital corporate wellness program that Focus: Multi-person video platform that Focus: Health benefits platform offering
gives employees access to boutique fitness allows users to workout with friends and discounted recreational and fitness activities,
studios fitness instructors nutrition, mental health programs, and more
Disclosed funding: $20M Disclosed funding: $4M Disclosed funding: N/A
Select Investors: Engage Venture, Florida Select Investors: Brown Advisory, Johns Select Investors: N/A
Funders, Causeway Capital Hopkins University, M1 Ventures
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WeWork launches in-
house wellness club From fitness club to holistic wellness club
Source: Rise By We 68
FITNESS PARTNERSHIP OPPORTUNITIES
The Wing’s membership benefits include a healthy café, The Riveter’s membership benefits include fitness and
showers, a library, and more. meditation classes, a mother’s room, and more.
Sources: The Wing, The Riveter, Well + Good 69
FITNESS AS THE NEW SOCIAL ACTIVITY
Source: Bumble 70
POST-SECURITY FITNESS
Focus: Post-airport security gym Focus: Members club for access to Focus: Mini private yoga & meditation
facilities. Launched in BWI in Jan. airport hotel gym, pool, and spa studios in airports. First location
2017. facilities. opened at the Denver Airport in
November 2017.
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NEW AMENITIES FOR PREMIUM CABINS
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Fitness-branded
hospitality ushers in
high-performance
hotels
Luxury fitness brand Equinox will
launch its first hotel in 2019 in
NYC Hudson Yards with intentions
of expanding. The company seeks
to redefine luxury travel and hotels
as a high-performance lifestyle.
Source: Equinox 73
CURATED FITNESS RETREATS
Bstoked is a marketplace for action and Ketanga Fitness Retreats curates custom
adventure sports such as kitesurfing and fitness retreats across the globe. The company
paragliding with local riders hosting these also organizes local fitness events, wellness
experiences. Bstoked was selected for Adidas’ workshops, as well as corporate wellness
IeAD sports accelerator in August 2017. programs.
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TRAVEL WELLNESS PARTNERSHIP OPPORTUNITIES
Source: ClassPass 75
THE FUTURE OF FITNESS
Looking ahead
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ENCOURAGING PHYSICAL ACTIVITY
By encouraging users to capture fantastical creatures Israel-based ForwardGame AR, which was accepted in
and subsequently explore urban spaces, Pokémon Go the IeAD Sports Accelerator, is building solutions to
has demonstrated a use case for smart cities. Location- integrate play with urban environments from workout
based AR games that integrate historical markers, parks, gamification, smart interactive playgrounds, and more.
and more can influence pedestrian safety and recreation The company’s first product is a mobile-based, real-
preferences, and impact urban planning. world, capture-the-flag game.
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Snap could
integrate social
fitness within its in-
app experience
A patent granted in November
2017 suggests that Snap could
integrate step tracking and
allow users to compare fitness
data with friends based on their
phones’ sensor data.
Misspao
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RETHINKING THE GAS STATION
These gas stations would be converted into “recharge zones” that could offer trendy wellness amenities such as juice
bars, meditation pods, farm-to-table restaurants, and more.
August 2016
Acquisition; terms
undisclosed
June 2017
Partnership
Source: Apple Is Going After The Health Care Industry, Starting With Personal Health Data 81
Google backs
smart mirrors
for health
In a patent application
published in January 2018,
Google describes optical
sensors that could pick up
data on users’
cardiovascular function.
These sensors could be
placed into mirrors to
integrate health advice
(along with fitness services)
into daily routines.
Source: The Rev-Up: Imagining a 20X Self-Driving World -- The Autonomous-Car Workout 83
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