Tag: Physical Fitness Equipment Market

Increasing Obesity Rate Fuels the Global Physical Fitness Equipment Market

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,

Physical Fitness Equipment Market: Technological Advancements Pave Way for Growth

San Francisco, California, May 31, 2017 : TMR Research describes the factors of influence that mark the demand and supply of physical fitness equipment, in “Physical Fitness Equipment Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025.”

According to the WHO, nearly 3 mn individuals die per year due to health complications borne out of obesity and a sedentary lifestyle. Common disorders include diabetes, cardiovascular diseases, and stroke. The rise in awareness about these issues has propelled the global physical fitness equipment market over the recent past. It is likely to be the primary driver of growth for the market over the coming years as well. There has been a substantial increase in demand for equipment such as exercise bikes, treadmills, free weights, steppers, home fitness products, weightlifting machines, and fitness monitors in the recent past.

On the basis of products, the global physical fitness equipment market can be segmented into cardiovascular and strength training. The latter is expected to witness a sharp rise in the demand over the coming years, due to the rising disposable income and the increasing youth population. The cardiovascular segment will also account for a substantial share in the market, due to a growing awareness of the health benefits they provide, such as heart rate conditioning, fat burning, metabolism improvement, and body toning.

Due to the region’s high rate of obesity and a high volume of disposable income, North America emerged as the leader in the global physical fitness equipment market over the recent past. Additionally, this region shows a higher inclination towards home fitness equipment as compared to the gym physical fitness. The U.S. holds a very high number of overweight population. It is also worth noting that higher income groups are more likely to contain a greater number of the obese population in developed countries. This has also prompted governments to fall in support of the global physical fitness equipment market and other related markets in order to fight the obesity epidemic.

China records for the second largest obese population after the U.S. globally. According to University of Washington’s Institute for Health Metrics and Evaluation, 46 million obese and 300 million overweight individuals were recorded in China. This region is therefore showing a high scope of growth for demand in physical fitness equipment.

Leading players in the global physical fitness equipment market over the recent past, have included BodySolid, Heinz Kettler Group, Cybex International, Inc., Keys Fitness Products L.P, ICON Health & Fitness, Inc., Magnum Fitness Systems, Life Fitness, PowerSport International, Paramount Fitness Corp., Star Trac, Reebok International, Nautilus, Inc., Technogym, and Tunturi OY Ltd.