Rising health awareness, inactive lifestyle and exponential increase in aging and obese population across the globe are the key factors driving the growth of gym equipment market all across the globe. Growing health conscious population will positively impact the membership subscription of gyms, which will further boost the sales of gym equipments. Rising incidents of chronic diseases such as cardiovascular diseases is a major concern across the globe. As a result majority of population is engaging in physical activities and programs in gyms, which is boosting the business of fitness centers and driving the growth of global gym equipments market. The global gym equipment market size reached USD 8.7 billion in 2016 and projected to surpass USD 12.0 billion by the end of 2024. Further, the market is anticipated to expand at CAGR of 4.2% over the forecast period i.e. 2016-2024. Geographically, North America dominates the global gym equipment market closely followed by Europe owing to rising number of new start-up gyms and presence of huge fitness enthusiast population. Asia-Pacific is anticipated to be fastest growing region at a CAGR of 7% over the forecast period. Global gym equipment market segmentation has been carried out on the basis of product types such as cardiovascular and strength training gym equipments. Cardiovascular gym equipments constitute more than 55% product share in global gym equipment market owing to rising health concerns and obese population
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Market Segmentation
• By Product Type
o Cardiovascular Training Equipment
 Treadmills
 Elliptical
 Stationary bike
 Rowing machine
 Others
o Strength Training Equipment
 Squat Rack.
 Barbells
 Bench Press.
 Incline bench press
 Dumbbells
 Other
o Other Equipment
• By Distribution Channels
o Offline Channels
o Online Channels
• By Geography
o North America (US, Canada)
o Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe)
o Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa)
o Latin America (Brazil, Mexico and Rest of Latin America)
o Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific)
o Rest of the World
Global Gym Equipments Market Outlook 2024 contains detailed overview of the global gym equipment market in terms of market segmentation by product, distribution channels type. Further, for the in-depth analysis, gym equipment market report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. Global gym equipments market report also includes provides competitive outlook of some of the major players of the global gym equipment market which includes profiling of companies such as Jordan Fitness, Brunswick Corporation, Impulse Health Tech Co Ltd, Matrix Fitness, Promaxima Manufacturing, Rogue Fitness, Legend Fitness, Precor Incorporated, ICON Health & Fitness, Hoist Fitness Systems, Nautilus, Paramount Health Group, Precor, Technogym etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents comprehensive synopsis on the global gym equipment market trends that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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