The market is analyzed in accordance to equipment type such as cardiovascular, strength training, and other devices such as monitors & trackers. Treadmills, stationary bicycles, stair climbers, and weightlifting machines are commonly used by people across all age groups for weight management and to maintain an overall body well-being.
Browse Detail Report With TOC @ http://www.hexareports.com/report/fitness-equipment-market/details
Governments in developed countries are constantly in the process of conceptualizing and establishing effective and timely healthcare programs. Developing countries also indicate a significantly growing trend of healthcare offerings across all sectors. Additionally, increasing trends of corporate fitness and wellness programs offered by organizations across different industry verticals to their employees have further propelled industry growth.
Further key findings from the study suggest:
Cardiovascular training devices are expected to strengthen their presence over the forecast period and are expected to grow at a CAGR of over 3% from 2015 to 2022. Adoption of cardiovascular training devices is comparatively higher as compared to strength training devices as it offers dual benefit of disease prevention and well-being. Cardiovascular training devices such as treadmills, stationary bicycles, rowing machines, and stair machines are extensively used to maintain body fitness and keep the Body Mass Index (BMI) within healthy limits.
Request A Sample copy of This Report @ http://www.hexareports.com/sample/104150
Health clubs and gyms dominated the industry accounting for over 45% of the market share in 2014. Home users of such devices procure different equipment for their personal use while these devices are an essential prerequisite for health clubs and gyms in order to run their businesses. Other commercial users, such as hotels, hospitals, and corporate offices, purchase them to improve the customer experience they offer.
Asia Pacific is expected to grow at a CAGR of over 7% over the forecast period due to a relatively untapped market for sophisticated and advanced fitness equipment in the region. Large youth population with rising disposable incomes in countries such as China and India are expected to drive industry growth during the next seven years. Rising overweight population in North America has led the region to dominate the industry. North America occupied nearly 45% of the overall industry share in 2014 and is projected to grow steadily over the forecast period at a CAGR of nearly 2%.
Latest Market Research Related Reports:
High Net Worth Home Insurance 2016 – http://www.hexareports.com/report/high-net-worth-home-insurance-2016/details
The Insurance Industry in Puerto Rico, Key Trends and Opportunities to 2019 – http://www.hexareports.com/report/the-insurance-industry-in-puerto-rico-key-trends-and-opportunities-to-2019/details
Wealth in Malaysia: Sizing the Market Opportunity – http://www.hexareports.com/report/wealth-in-malaysia-sizing-the-market-opportunity/details
Companies operate their businesses in highly competitive market by launching new products or updated versions of existing products. Technological and product innovations have driven the highly dynamic market. Industry participants such as Brunswick, Cybex International Inc., Johnson Health Tech, Nautilus Inc., Paramount, and Precor have formed strategic alliances with gym and health club service providers to gain the industry revenue share and establish their dominance in the market.
About Us:
Hexa Reports is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.
Our Website: http://www.hexareports.com
Media Contact
Company Name: Hexa Reports
Contact Person: Ryan Shaw
Email: sales@hexareports.com
Phone: 1-800-489-3075
Address:Felton Office Plaza, 6265 Highway 9
City: Felton
State: California
Country: United States
Website: http://www.hexareports.com/report/fitness-equipment-market/details