Fitness Equipment Market Set for Rapid Growth By 2022: Grand View Research, Inc.


The global fitness equipment market is anticipated to reach USD 13.24 billion by 2022. Key factors that are expected to fuel growth include urbanization leading to changing lifestyles, growing awareness of health & wellness and drastic increase of obese population.
Emerging economies have been observing growing trend for healthcare programs across all segments. In addition, governments in these countries are persistently attempting to conceptualize and establish effective healthcare plans. The introduction of new fitness regimes and healthcare programs across various corporates to encourage employees is expected to trigger growth. Fitness equipment market is projected to grow at a CAGR of 3.6% from 2015 to 2022.
On the basis of equipment type, the industry is segmented into strength training, cardiovascular and devices such as trackers & monitors. Commonly used equipment across all age groups to maintain fitness and manage weight include stationary bicycles, treadmills, weightlifting machines and stair climbers.
Demand for cardiovascular training devices is comparatively greater than strength training devices on account of dual benefit of well-being and disease prevention. Cardiovascular training devices are estimated to strengthen their hold on the industry in the next seven years and grow at a CAGR exceeding 3.0% from 2015 to 2022 owing to its increased adoption. Cardiovascular training devices such as treadmills, stair machines, and rowing machines stair machines. They are extensively used to keep Body Mass Index (BMI) within limits and maintain body fitness. 

Full Research Report On Global Fitness Equipment Market By Grand View Research:
www.grandviewresearch.com/industry-analysis/fitness-equipment-market

Health clubs and gyms accounted for nearly 45.0% of total market share and dominated the market in 2014 as they form an essential prerequisite for health clubs. However, home users buy different equipment for their use. Purchase of these devices by commercial firms such as hospitals, hotels, and corporate offices to enhance customer experience is also expected to drive growth in the market.
Asia Pacific is a lucrative market with a high requirement for advanced and sophisticated fitness equipment. It is projected to grow at a CAGR of over 7.0% from 2015 to 2022. Outsizing youth population coupled with increasing disposable incomes in emerging economies is anticipated to propel growth.
North America is expected to be a major market for this industry owing to rising overweight population. North America acquired nearly 45.0% of the total industry share in 2014 and is expected to continue the trend over the forecast period at a CAGR of over 2.0%.
Firms in this business are very competitive and strategize by introducing updated version of existing products or launching newer and improved equipment. Key strategies being adopted by the companies include product innovations and exclusivity owing to technological enhancements. Market players engage in forming alliances to gain market share and dominate the industry. It includes Cybex International Inc., Brunswick, Johnson Health Tech., Paramount, Precor and Nautilus Inc.

Browse More Reports Of This Category By Grand View Research:
www.grandviewresearch.com/industry/electronic-devices

Grand View Research has segmented the global fitness equipment market on the basis of device, end-use, and region:

Fitness Equipment Device Outlook (Revenue, USD Million, 2012 - 2022)
  • Cardiovascular training
  • Strength training
  • Others
Fitness Equipment End-Use Outlook (Revenue, USD Million, 2012 - 2022)
  • Home
  • Health clubs
  • Others
Fitness Equipment Regional Outlook (Revenue, USD Million, 2012 - 2022)
  • North America
  • Europe
  • Asia Pacific
  • RoW
Access Press Release Of This Research Report By Grand View Research:
www.grandviewresearch.com/press-release/global-fitness-equipment-market

About Grand View Research 

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Comments

Post a Comment

Popular posts from this blog

Automotive Lighting Market Surge Valuation Of 34.65 Billion Units By 2022: Grand View Research, Inc.

Image
The  automotive lighting market  is anticipated to reach USD 34.65 billion by 2022. Strict government policies and rising safety concerns are likely to propel growth over the forecast period. In addition, growing consumer awareness concerning the significance of adaptive lighting including dynamic bend light and a glare-free high beam is also expected to have a positive impact on the exterior lighting market.  Asia Pacific automotive lighting market, by technology, 2012 - 2022 (USD Million) Increasing apprehensions about using energy efficient methods coupled with rising consumer disposable income are expected to drive the industry. In addition, growing demand for vehicles and technological advancements in the automotive industry are expected to propel utilization. Attractive growth opportunities for new entrants are expected in the industry owing to the growing number of total vehicles purchased y-o-y across BRIC nations. However, there is a need for legislative...
Read more

Headsets Market Size Worth To Reach $20,465.7 Million By 2024

Image
The  headsets market  is estimated to reach approximately USD 20,465.7 million by 2024, according to a new study conducted by Grand View Research, Inc. The rise in the disposable income is remarkably driving the demand for application-specific headsets. The increase in consumer spending for consumer electronic products has significantly spurred the market growth. The growing demand for improved design and style is anticipated to favorably impact the industry growth. In addition to this, increasing popularity and adoption of smartphones, portable music players, laptops, tablets, and other mobile devices are expected to catapult the industry growth prospects. Asia Pacific headset market revenue, by price, 2013 - 2024 (USD Million) Enhanced audio quality acoustics offered by in-ear products is substantially bringing traction in this industry. The advent of innovative technologies such as Bone Conduction, Near-field Magnetic Inductance (NFMI) Technology, and Design Improve...
Read more

Temperature Sensors Market To Cross $6.13 Billion Threshold By 2020

Image
The Global  Temperature Sensors Market  is expected to reach USD 6.13 billion by 2020, according to a new study by Grand View Research, Inc. Increasing global demand for smarter consumer electronics and automobiles is expected to favor market growth over the forecast period. Temperature sensors are increasingly used in smartphones and other consumer electronics to monitor their temperature and enhance performance.  Global temperature sensors market by application, 2012 – 2020 Basic temperature sensors include resistive temperature devices (RTD), thermocouples, liquid expansion devices, silicon diodes, infrared sensors etc. Additionally, fusion of communication, computing and sensing is expected to drive the MEMS market, which is expected to benefit global temperature sensor demand. Technological advancements and device miniaturization also drive market growth. Need for ensuring safety and favorable regulatory scenario is expected to fuel market growth over th...
Read more