Global Fitness Equipment Market Revenue to Register CAGR of 4.1% Over Next 10 Years - MarketResearch.biz - Seite 2

Increasing incidence of obesity, and chronic heart diseases across the globe coupled with rising awareness regarding health & fitness is expected to drive growth of the global fitness equipment market. In addition, increasing number of fitness centers that offers various packages & discounts for weight loss, and health fitness programs is another factor expected to propel growth of the global fitness equipment industry to a significant extent.

However, high cost of fitness equipment is a major factor restraining growth of the global fitness equipment market. Additionally, certain types of fitness equipment are used most of the day by various types of individuals which leads to the need of proper and periodic maintenance. This is another factor anticipated to hamper growth of the global fitness equipment market.

Development of more cost-effective and multi-functional fitness equipment especially for households in emerging economies, can create major potential opportunities for players in the market.

Global Fitness Equipment Market: Market Forecast 

The comprehensive research report comprises a complete forecast of the global fitness equipment market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the global fitness equipment market is expected to expand at a moderate CAGR of 4.1% during the forecast period.

Global Fitness Equipment Market: Segmental Snapshot 

The market report has been segmented on the basis of type, end user, and region. The type segment includes cardiovascular training equipment and strength training equipment. The end user segment includes health clubs, home consumers, and other commercial users. The regions covered in the analysis are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

According to fitness equipment market infographics published on MarketResearch.biz, over 4.0% CAGR by type.

By type: The cardiovascular training equipment segment accounted for highest revenue share contribution as compared to that of the strength training and others segments. The cardiovascular training equipment segment is expected to register a CAGR of over 4.0% between 2017 and 2026.

By end user: The health clubs end user segment is estimated to register highest CAGR of 4.4% as compared to that of the other end user segments. Also, it is projected to account for a dominant revenue share in the global prefilled syringes market over the forecast period.