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.