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Posted by AjayDaniel on January 25th, 2018


“Fitness Equipment Market: Global Historical Growth (2012-2016) & Future Outlook (2017-2024) Demand Analysis & Opportunity Evaluation”


The global fitness equipment market is segmented into types such as cardiovascular training equipment, strength training equipment and other equipments. Further Mohamed Salah AS Roma Jersey , cardiovascular training equipment segment is further sub-segmented into treadmills, elliptical, stationary bike, stair climbers and others. Among the above segments, cardiovascular training equipment segment is expected to dominate the overall fitness equipment market and is projected to seize a remarkable CAGR by 2024. Likely Maxime Gonalons AS Roma Jersey , increasing number of obese population all across the globe along with adoption of fitness equipment on the back rising awareness towards health and fitness among the young generation is anticipated to bolster the growth of global fitness equipment market.


Global fitness equipment market is anticipated to showcase a tremendous CAGR of 5.1% during the forecast period i.e. 2017-2024. Moreover, the global fitness equipment market is projected to account exponential sales of USD 3.1 Billion by the end of 2024. Additionally, the market is riding on the back of increasing health consciousness among the consumers.


The health clubsgyms segment by end user accounted for the largest market in overall fitness equipment market and is projected to showcase a highest CAGR by the of 2024. Further, this growth of health clubsgyms segment can be attributed to numerous factors such as increasing number of gymnasium and increasing adoption of gymnasium by women and keen interest of fitness in the young youth. In terms of regional platform, North America and Europe are the prominent markets of fitness equipment. Further Mario Rui AS Roma Jersey , U.S. is the dominating country in this region due to presence of fitness concerned population.


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Rise in per capita income of the population has encouraged them to take initiatives towards sports activities which have augmented the demand for fitness equipments. Moreover, sporting culture along with increasing number of gymnasium across the globe is also believed to trigger the market of fitness equipment over the forecast period.


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Technological advancements for instance, Cybex introduced stationary bikes which is connected with Google Maps and allows the user to choose between 15 routes for a realistic feel. Moreover, increasing availability of fitness equipment through online stores such as amazon, eBay and others have boosted the growth of fitness equipment market during the forecast period.