San Francisco, California, Sept 07, 2018: The global physical fitness equipment market has undergone a tremendous transformation in the last few years. Recent technological advancements in fitness equipment are intended to enable a consumer stay fit. Rise in health conscious population around the world has bolstered the growth of the global physical fitness equipment market, notices TMR Research in their report titled, “Physical Fitness Equipment Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025. Ever going research on human body has made way for technological advancements of fitness products, thus raising the standard for the global physical fitness equipment market.
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Rise in in health awareness among people from different age groups is driving the market. Initiatives taken by governments and healthcare organizations are creating health awareness among people from across the globe. This as per the report, will create attractive opportunities for the market’s growth. The rising prevalence of health issues such as high cholesterol, diabetes, and heart related ailments has compelled people from various age groups to engage various physical exercises thus creating lucrative prospects for the physical fitness equipment market. The increasing prevalence of obesity in developed countries has become an important concern as it is more susceptible to other chronic disease. Hence an increasing number of people are realizing the importance of exercise and various types of physical activities. Given the scenario, experts foresee impressive growth opportunities for the physical fitness equipment market.
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Rise in stress among the younger people, has compelled them to join various health fitness club which helps them to remove excess stress. This has helped the market to thrive. Rapid urbanization accompanied with rise in disposable income has boosted the market. Due to the presence of various players, the market is witnessing a steep competition. North America is holding the major share in the market due to presence of major players accompanied with the trend of joining health fitness club. Some of the major players in the market are Cybex International, Inc., ICON Helath & Fitness, Inc., Heinz Kettler Group, and Keys Fitness Products L.P,