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Exercise Equipment Market in Cardiovascular Segment is Predicted to Reach Over USD 8.5 Billion By 2024

Author : Ronak Bora | Published Date : 2019-03-07 

The Europe Exercise Equipment Market is expected to grow rapidly over the coming years due to increased consumer awareness about health & fitness in countries including Germany, Italy, and others. Rising issues of obesity and heart diseases in the European countries create the need for these products. Additionally, the increasing penetration of private and public health clubs in the region accelerates the market demand. The U.S. market is experiencing high growth due to flexible government policies and programs for spreading awareness related to the physical fitness activities.

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The rising adoption of smartphones & connected devices that manage the customers’ exercising patterns and daily performance drives the industry growth. Moreover, the advancements of health clubs that deploy smart performance tracking machinery and huge discount packages attract more customer subscriptions resulting in the industry development. Several governmental policies in countries including the U.S., India, and others to support the expansion of healthcare facilities and fitness infrastructures that include loans with low interest rates are creating Exercise Equipment Market growth opportunities.

Increasing geriatric population across the globe and the need to eliminate health problems in them is creating several opportunities for the Exercise Equipment Market demand. To address these requirements, a rapid development is observed in the establishment of health and fitness clubs globally. As a result, the consumption of exercise machines in such infrastructures is further driving the market growth. Additionally, the growing awareness about physical fitness to eliminate harmful impacts of environmental problems, such as respiratory and heart diseases, accelerates the consumption of fitness machines.

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Strength training machines in the Exercise Equipment Market are gaining popularity among youngsters and fitness experts. This growth is attributed to reasonable machinery costs and the high-quality of the products offered by manufacturers. The major factors adding up to the demand for these products are technical innovations and the incorporation of smart technologies in the conventional machines. Additionally, increasing healthcare advisory services that suggest regular exercising to young and middle-aged population create awareness about health & fitness, propelling the market share. These machines witness a high demand among the bodybuilders and gym trainers as they gain better results in body toning and weight maintenance tasks.

Home Exercise Equipment Market is predicted to witness developments over the forecast timespan due to the increasing deployment of these machines in residential settings. A transition in the living standard of consumers and increased spending on maintaining a healthy lifestyle support the inclination toward using fitness machinery. Furthermore, public and societal gyms in modern housing societies and government infrastructures accelerate the product demand. Additionally, the trend of hiring personal fitness trainers who offer customized training services create opportunities for home segment expansion. Commonly used machines in the residential settings are treadmills, elliptical machines, kettlebells, and weights that aid easy exercising and provide high outputs to consumers.

The APAC Exercise Equipment Market is expected to grow at an impressively rapid rate in the ensuing years, that can be aptly credited to the developments in the regional fitness and healthcare industries. This is specifically true of China and India – two massive markets that are likely to depict an extremely lucrative growth potential. According to a 2018 report by the International Health Racquet and Sports club Association (IHRSA), approximately 22 million individuals attracted in by around 14 markets signed up to a health club in 2017. However, considering the fact that a majority of the world’s population resides in this region, the number exclusively spells out opportunity for health clubs and fitness gym chains to capitalize on the considerably untapped potential of the region.

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Driven by the robust awareness regarding sound health and good fitness levels, the revenue graph of Exercise Equipment Market is expected to demonstrate an exponential rate of growth. According to a report by Global Market Insights, Inc., the growing demand for these equipment in health clubs across the globe is projected to stimulate the Exercise Equipment Market, slated to cross $14 billion by 2024.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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