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More Information @ https://bit.ly/352Vs3a <br><br>The cardiovascular equipment segment is likely to gain importance owing to numerous health benefits provided by these fitness equipment. Increasing issues related to stress and health concerns due to sedentary lifestyles are stimulating the demand for fitness equipment. Exercise bikes boost muscle strengthening and also enhances the cardio-respiratory capacity, whereas climbers enable in muscle toning and weight reduction. <br>
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Global Fitness Equipment Market: High-growth Regions to Expand Geographic Footprint 2020- 2026
Industry Overview • Accordingly, to Global Market Insights research report The fitness equipment market is expected to witness a lucrative rate of growth in coming years owing to ongoing technological advancements. The increase in number of gyms and fitness centers is also one of the other growth factors that is expected to fuel industry growth. The coronavirus outbreak is expected to slow down growth rate in the short term since gyms and fitness centers are closed. However, once the situation is under control, the industry is expected to bounce back substantially. • The market for connected fitness equipment is likely to grow at a rapid pace over the estimated time frame. The collaboration of fitness equipment manufacturers with technology providers so as to provide improved fitness related solutions is likely to form a primary trend in the market. • As per a research report by Global Market Insights, Inc., fitness equipment market is estimated to exceed $15 billion by 2026.
Continue… • The cardiovascular equipment segment is likely to gain importance owing to numerous health benefits provided by these fitness equipment. Increasing issues related to stress and health concerns due to sedentary lifestyles are stimulating the demand for fitness equipment. Exercise bikes boost muscle strengthening and also enhances the cardio-respiratory capacity, whereas climbers enable in muscle toning and weight reduction. • Moreover, players are also introducing several indoor and outdoor exercise bikes equipped with touch screen consoles in order to improve the workout experience. Citing an example, Nautilus, back in December 2019, introduced a new indoor cycling bike namely Bowflex, which delivers a sophisticated and connected fitness experience, featuring an open platform for users to connect with the app of the company. • The demand for fitness equipment is likely to increase across the globe owing to the increasing number of gyms and health clubs. Europe has also observed a rise in health club memberships. In fact, in Switzerland, health insurance providers offer subsidies to individuals paying for health club memberships. Due government associations stressing on the significance of well-being and health, the number of fitness centers have begun to increase.
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Growth Drivers • Growing health and fitness consciousness in the U.S. • Increasing corporate wellness programs and cross industry demand • Government healthcare initiatives and increasing geriatric population in Europe • Increase in chronic diseases in Asia Pacific • Rise in disposable income in Asian countries
Continue… • Overall, the aforementioned trends are likely to offer a diverse range of growth opportunities for fitness equipment market. The competitive spectrum of fitness equipment market includes companies like Johnson Health Tech, Amer Sports Corporation, Icon Health & Fitness, Nautilus Inc., Brunswick Corporation, and Technogym S.p.A among others.
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