The global fitness equipment market is expected to witness a stable growth in the coming years. This market is driven by increased health and fitness awareness across the world, especially in urban regions.
The increasing obese population in developing regions is another factor driving the market. Furthermore, initiatives by the enterprises for corporate wellness programs would contribute to the adoption of fitness equipment. Fitness equipment would be preferred by commercial customers such as hotels, hospitals and enterprises.
Wider adoption in the North American region would be observed throughout the analysis period. The Asia-Pacific market would continue to grow at a significant pace during the forecast period (2015 – 2020). Huge number of youth population would drive the market in this region.
In developed countries, the trend of setting compact gyms at home is driving the market of fitness equipment, especially for the segment of cardiovascular fitness equipment. The cardiovascular fitness training equipment would continue to dominate the market over the forecast period.
The adoption of fitness equipment across health clubs is rising globally, especially, in the Asia-Pacific and LAMEA regions. Corporate offices, today, are largely setting up fitness facilities in their premises in a bid to enhance their value offerings.
The segment for strength training equipment, particularly, would witness a significant rise in market demand across developing countries, in future. Please see the full breakdown from Allied Market research here.
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