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Fitness Equipment Market in Health clubs to grow at 3.3% CAGR from 2016 to 2023

More Details @ http://bit.ly/2grcWMQ<br>The fitness equipment market has witnessed the formulation of multi-brand strategies to focus on distinct consumer segments, differentiate products for additional applications and expand their regional presence. Companies getting involved in development of wearable technologies for additional value is expected to be key portfolio to garner huge profits. <br>

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Fitness Equipment Market in Health clubs to grow at 3.3% CAGR from 2016 to 2023

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  1. Global Fitness Equipment Market worth $13.5bn by 2023: Global Market Insights Inc. Fuel Cell Market size worth $25.5bn by 2024

  2. KeyInsights from Fitness Equipment Market: • Sedentary lifestyles have created a greater need in society for physical activities leading to spontaneous growth in fitness equipment market. Fitness equipment industry is witnessing a spur due to technological advancements such as digital connectivity, monitoring the heath related data such as steps taken, calories burned, sleep duration, etc. Moreover, rising awareness regarding health & fitness, maintaining cardiovascular functioning, improving physical stamina and flexibility will further propel the fitness equipment market trends. • According to Global Market Insights, Inc., “Fitness Equipment Market size worth USD 10 billion in 2015, is estimated to grow at a CAGR of 3.8% over the period of 2016-2023.” Increasing consciousness among the youths worldwide to be fit and maintain the aesthetic appearance is likely to boost the industry revenue.

  3. Continued... • Taking into consideration the products trends, fitness equipment market is segmented into body analyzers, cardiovascular training equipment, strength training equipment, and activity monitors. Among these cardiovascular holds majority of the market share by accounting for over 57% of global fitness equipment market, owing to its health benefits such as heart rate conditioning, body toning, metabolism improvement, and fat burning. • Strength training equipment market is growing substantially, owing to its use in improving strength through muscular workouts and anaerobic endurability. Moreover, increasing health programs, motivational, and promotional activities conducted by health clubs will surge fitness equipment industry share over the coming years. Interesting developments regarding healthy lifestyles in emerging economies will be one of the lucrative growth aspects in fitness equipment industry. • The most lucrative application contributing significantly towards the global fitness equipment market is the Gym/Health Clubs which include treadmills, benches, racks, functional training machines, etc. Health clubs accounted for over 50% of the overall fitness equipment industry share in 2015, and is projected to witness a CAGR of 3.3% over the period of 2016-2023. Furthermore, considerable adoption of these equipment in offices, hotels, homes, etc.

  4. MEA Fitness Equipment Market size, by product, 2012-2023 (USD Million)

  5. Browse Full Market Research Report Of Fitness Equipment Market @ http://bit.ly/2lCqyYF Request for a Sample of this Research report @ https://www.gminsights.com/request-sample/detail/443

  6. Continued... • Asia Pacific fitness equipment market will achieve significant escalation in the coming timeframe. The growth can be primarily attributed to changing lifestyles, growing obesity, and increasing health awareness across the region. Growing urbanization in China, Japan, South Korea, and Australia is set to significantly catalyze the regional industry share. • North America is set to witness a rising number of gyms and health clubs along with increasing application of strength training and cardio systems, which will stimulate the regional share. US fitness equipment market accounted for over USD 4.5 billion in 2015, and is likely to lead the regional growth. • The global fitness equipment industry will be highly competitive with market players investing in wearable technologies for additional value coupled with attracting customers with discount schemes and annual subscription. The key players include Technogym, Icon Health & Fitness, Nautilus, Johnson Health Tech, Amer Sports, and Brunswick Corporation.

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