The
global fitness equipment market is segmented into types such as cardiovascular
training equipment, strength training equipment and other equipments. Further, cardiovascular
training equipment segment is further
sub-segmented into treadmills, elliptical, stationary bike, stair climbers and others.
Among the above segments, cardiovascular
training equipment segment is expected to
dominate the overall fitness equipment market and is projected to seize a
remarkable CAGR by 2024. Likely, increasing number of obese population all across the
globe along with adoption of fitness equipment
on the back rising awareness towards
health and fitness among the young generation is anticipated
to bolster the growth of global fitness
equipment market.
Global fitness equipment market is anticipated to showcase a tremendous
CAGR of 5.1% during the forecast period i.e. 2017-2024. Moreover, the global
fitness equipment market is projected
to account exponential sales of USD 3.1 Billion by the end of 2024. Additionally, the market is riding on the back of increasing health
consciousness among the consumers.
The health
clubs/gyms segment by end user accounted for
the largest market in overall fitness equipment
market
and is projected to showcase a highest
CAGR by the of 2024. Further, this growth of health clubs/gyms segment can be
attributed to numerous factors such as increasing number of gymnasium and increasing
adoption of gymnasium by women and keen interest of fitness in the young youth. In terms of regional platform, North America and
Europe are the prominent markets of fitness equipment. Further, U.S. is the
dominating country in this region due to presence of fitness concerned
population.
Swelled Disposable Income
Rise
in per capita income of the population has encouraged them to take initiatives
towards sports activities which have augmented the demand for fitness equipments.
Moreover, sporting culture along with increasing number
of gymnasium across the globe is also believed to trigger the market of fitness equipment over the forecast period.
Technological Advancement
Technological
advancements for instance, Cybex introduced stationary bikes which is connected
with Google Maps and allows the user to choose between 15 routes for a
realistic feel. Moreover, increasing availability of fitness equipment through
online stores such as amazon, eBay and others have boosted the growth of fitness
equipment market during the forecast period.
Although,
high cost of fitness equipment such as treadmill and others is anticipated to
hamper the growth of fitness equipment market by the end of 2024.
The report titled “Fitness Equipment Market: Global
Historical Growth (2012-2016) & Future Outlook (2017-2024) Demand Analysis
& Opportunity Evaluation” delivers
detailed overview of the global fitness
equipment market in terms of market segmentation by type, by end user,
by distribution channel and by region.
Further, for the in-depth
analysis, the report encompasses the industry growth drivers, restraints,
supply and demand risk, market attractiveness, BPS analysis and Porter’s five
force model.
This report also provides the
existing competitive scenario of some of the key players of the global fitness equipment market which
includes company profiling of Icon Health & Fitness, Inc., Brunswick Corporation,
Johnson Health Tech Co. Ltd., Technogym S.p.A, Amer Sports Corporation, Nautilus,
Inc., Core Health and Fitness LLC, True Fitness Technology, Inc., Impulse
(Qingdao) Health Tech Co. Ltd. and Torque Fitness LLC. The
profiling enfolds key information of the companies which encompasses business
overview, products and services, key financials and recent news and
developments. On the whole, the report depicts detailed overview of the global
fitness equipment market that will help industry consultants,
equipment manufacturers, existing players searching for expansion
opportunities, new players searching possibilities and other stakeholders to
align their market centric strategies according to the ongoing and expected
trends in the future.
About Research
Nester
Research Nester is a leading service provider for
strategic market research and consulting. We aim to provide unbiased, unparalleled
market insights and industry analysis to help industries, conglomerates and
executives to take wise decisions for their future marketing strategy,
expansion and investment etc. We believe every business can expand to its new
horizon, provided a right guidance at a right time is available through
strategic minds. Our out of box thinking helps our clients to take wise
decision so as to avoid future uncertainties.
Read more Information: https://www.researchnester.com/reports/fitness-equipment-market/575
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Info:
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Daniel
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