WorldWide Fitness Equipment Market Size, Share, Growth, Segmentation’s and Revenue Forecasts 2014 to 2021
Fitness equipment refers to all the machines and health monitoring devices which are essential to perform various physical exercises. These exercises help in improving the overall wellbeing of the individual by developing muscular strength, physical stamina and weight management. The demand for this equipment is increasing globally due to increasing health awareness among the youth. The most commonly used fitness equipment are weight lifting machines, stationary bicycles, treadmills, stair climbers etc.
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The market is segmented according to types of fitness equipment such as machines for strength training, cardiovascular training, activity monitors and body analyzers. The end user segment for the fitness equipment market is classified into home/individual, health clubs, gyms and other commercial organizations. The major commercial segment for this market includes fitness equipment procured by hotels, corporates, hospitals etc.
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The key drivers for this segment are benefits of physical exercise, urbanization and rising concern and awareness of healthy living. Rise in obese population in the developed countries drives the demand of cardio vascular equipment which is specially designed for weight management. The increase in the number of gyms and health centers and member subscriptions also contribute to the demand for this segment. The rapid increase in in-house gyms and personal trainers has also increased the sales of fitness equipment. Initiatives such as fitness camps and wellness programs in corporates also aid to the development of this segment. The resale of used fitness equipment is the major constraint in this segment.
Best Region Of Markets :
North America is the leading consumer of fitness equipment market and will continue its dominance during the forecast period. The Asia Pacific market is expected to grow during the forecast period due to the awareness of healthy living among the developing countries.
SEGMENTATIONS IN REPORT :
A. Fitness Equipment By Type :
1. Strength Training Equipment
2. Other Equipment
3. Activity Monitors
4. Body Analyzers
B. Fitness Equipment By User :
1. Health Clubs/Gym
2. Other Commercial User
3. Corporate Offices
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