Sarasota, FL, Dec. 26, 2016 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Fitness Equipment Market by Equipment Type (Cardio-Respiratory Equipment, Muscular Equipment, Flexibility Equipment, Body Fatness Equipment, and Others) for Hospital, Gym Centers/Health Clubs, Homecare, and Others - Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021’’. According to the report, the global fitness equipment market accounted for around USD 10.00 billion in 2015 and is expected to reach approximately USD 12.50 billion by 2021, growing at a CAGR of around 4.0% between 2016 and 2021.
Physical fitness activity is any bodily movement that is produced by the contraction of skeletal muscles and that substantially increases energy expenditure. Exercise is planned, structured, and repetitive bodily movement has done to improve or maintain one or more components of physical fitness, such as endurance, flexibility, or strength. Physical fitness is the ability to perform regular moderate to vigorous levels of physical activity without excessive fatigue. Benefits of regular physical fitness activities are like improved cardio-respiratory fitness, reduced cancer risk, improved bone mass, improved weight control, prevention of diabetes, improved immunity, improved mental health and stress management and longer life span. There are many benefits of cardio-respiratory fitness. It can reduce the risk of heart disease, lung cancer, type 2 diabetes, stroke, and other diseases. Cardio-respiratory fitness helps improve lung and heart condition and increases feelings of wellbeing.
Browse through 29 Market Tables and 28 Figures spread over 110 Pages and in-depth TOC on “Global Fitness Equipment Market: Industry Type, Size, Share, Trends, Overview, Statistics, Analysis, Segment and Forecast 2015-2021”.
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Rising geriatric population is accelerating the growth of fitness equipment market. Currently, more than 900 million people are aged 60 or above and it is projected to rise to around 1.40 billion by 2030. Among this population, approximately 65% of older people currently live in developing countries. Moreover, rising obese population is also continuously responsible for the growth of fitness equipment market. In 2014, more than 1.90 billion people were overweight and out of these around 600 million were obese. In addition, increasing health consciousness among children’s and adult people is the major driving factor for the growth of fitness equipment market. However, the high cost of equipment may hamper the growth of fitness equipment market. Nonetheless, untapped market and increasing health awareness programs may generate new opportunities in the forecast period.
Based on the equipment type, the market of fitness equipment has been classified into cardio-respiratory equipment, muscular equipment, flexibility equipment, body fatness equipment and others. Cardio-respiratory equipment segment dominated the market with increasing prevalence of cardio-respiratory diseases. Regular fitness activities make cardio-respiratory systems more efficient by enlarging the heart muscle, enabling more blood to be pumped with each stroke, and increasing the number of small arteries in trained skeletal muscles, which supply more blood to working muscles. Muscular equipment and flexibility equipment segment are expected to generate new opportunities in forecast period with increasing health awareness.
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Based on the end user, the market of fitness equipment has been classified into the hospital, gym centers/health club, homecare and others. Gym centers/Health club segment dominated the fitness equipment market due to increased demand for fitness equipment as a result of a large number of gym centers. With rising geriatric population, the demand for homecare fitness equipment is increasing, thus in forecast period homecare fitness equipment is projected to grow at lucrative growth rate.
In 2015, Latin America was a leading segment in fitness equipment market due to the majority of the health clubs are located in Latin America with almost 56 thousand fitness centers. In Latin America, Brazil was leading segment with 50% of total fitness centers across Latin America. In the forecast period, Latin America is expected to show its dominance with expansion in a number of fitness centers and emerging technologies in fitness equipment market.
Europe is the second largest segment in fitness equipment market with more than 50 thousand fitness centers as of 2014 and of these European fitness centers, nearly 8,000 are located in Germany, more than 6,600 of them are in Italy, and about 6000 are located in the UK. As a result of, increasing geriatric and obese population, Europe is expected to generate new opportunities in fitness equipment market in coming years.
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Around 40,700 health clubs are in operation in North America of which the majority are located in the U.S., thus U.S. is one of the biggest markets in the world in terms of fitness clubs memberships and number of clubs. Increased obesity crisis and people desire to become healthier could be a growth driver for North America fitness equipment market.
Asia Pacific is an emerging segment in fitness equipment market and it is expected to grow at the highest growth rate in the forecast period. In Asia Pacific, India and China are leading sub-segment in fitness Equipment market. In Asia Pacific, there is a tremendous opportunity for fitness equipment manufacturers and retailers to lead a healthy movement by providing quality equipment that customer need. The growing customer awareness about health and fitness coupled with increasing participation in physical fitness activities has driven the market of Asia Pacific fitness equipment.
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Key operating players in fitness equipment market are like Brunswick Corporation, Johnson Health Tech Co. Ltd., Nautilus Strength, Icon Health & Fitness, Amer Sports, Technogym, Precor incorporated and Cybex International Inc.
This report segments the global Fitness Equipment Market as follows:
Fitness Equipment Market: Equipment Type Analysis
- Cardio-respiratory Equipment
- Muscular Equipment
- Flexibility Equipment
- Body fatness Equipment
- Other
Fitness Equipment Market: End User Analysis
- Hospital
- Gym centers/ Health club
- Homecare
- Others
Fitness Equipment Market: Regional Analysis
- North America
- U.S.
- Europe
- U.K.
- Germany
- Italy
- Asia
- India
- China
- Japan
- Latin America
- Brazil
- The Middle East and Africa
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