Global Fitness Equipment (Cardiovascular & Strength) Market Overview with Forecast to 2020-2025
The report titled “Global Fitness Equipment (Cardiovascular & Strength) Market Overview, 2020-2025” provides complete in-depth analysis of fitness equipment market globally along with the historical and forecasted performance of each region.
Globally the Fitness Equipment Market has been growing at a rapid pace. The market which was just concentrated majorly in regions like North-America & Europe has expanded with the rapid growth rate in the potential markets like Asia-Pacific, Latin-America and Middle-East, and Africa.
Countries with improved lifestyles, economic growth, increased spending on fitness activates, etc. have led the manufacturing companies to expand their manufacturing facilities globally. Some of the major fitness equipment manufacturing companies expanded its reach at the global stage are Icon health & fitness INC, Life fitness, Johnson Health Tech co ltd., Nautilus inc, Technogym, etc. This expansion fitness equipment industry has been attributed to the increase in health and fitness awareness majorly among the young and old age groups.
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At the global stage, the fitness equipment industry has been generating its highest revenue share from health and fitness clubs. These health & fitness clubs are a major part of the commercial segment of the fitness equipment market. Apart from this, extended facility towards corporate wellness, hotels, malls, and other institutions have let the commercial segment of the fitness equipment market to dominate the market. On contrary to this, in-home fitness has gained much popularity in recent years.
Companies have taken the opportunity to manufacture home-specific fitness equipment to allure consumers' attraction. This includes traditional equipment like dumbbells, weight plates, treadmills, stationary bikes along with modernized equipment like resistance bands & tubes, hydraulic equipment, indoor rowing machine, elliptical, etc. Extension of all such kinds of home base fitness equipment has let the segment to grow with a CAGR of over 4.5% till the year 2019. With the increasing attraction of fitness equipment at home as well as in gyms, the cardiovascular equipment category in the market accounts for the largest share. Cardiovascular workout equipment facilitates physical activity that the human body can utilize to promote good health, manage weight, and even relieve stress. On the other hand, resistance training, free weight training, cross-fit training, etc. have evolved the way of strength training. Also, the flexible and non-weighted equipment like hydraulic equipment and resistance band has enhanced consumer’s workout experience. With the inclusion of a more new line of equipment the strength equipment segment of the market is expected to grow with a CAGR of above 7% till the year 2025.
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Last Update : Sep 07, 2020
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