|03-08-2019 11:23 AM CET - Sports||
Functional Fitness Equipment Market: Key Insights and Opportunities until 2028 | Key Players are Precor Inc., Technogym SPA, Torque Fitness LLC, Concept2 Inc., etc.
Press release from: Fact.MR
In order to study the various trends and patterns prevailing in the concerned market, FactMR has included a new report titled “Functional Fitness Equipment Market: Key Insights and Opportunities until 2028” to its wide online database including upcoming trends and growth factors. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future. The report studies the functional fitness equipment market worldwide, especially in North America, Europe, Southeast Asia, India and Other Regions with production, size, growth, revenue, consumption, import and export in these regions.
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As the fitness industry continues to consolidate and mature, with prominent fitness equipment manufacturers vying for dais positions, functional fitness training equipment is bid to gain increased traction in the forthcoming years. With continuous rise in the obesity and cardiovascular disease epidemic, functional training – a latest trend in the fitness industry – is likely to play an integral role in improving health of individuals, alongside increasing awareness about following healthy lifestyle. Various non-profit organizations, such as the USA Functional Fitness (USAFF) have been focusing on the promotion of functional training via spreading awareness on its inherent benefits through championship initiatives. This has spurred the participation rate in fitness activities, with premium fitness centers such as Gold’s Gym incorporating functional fitness activities in their workout regimes.
A recent FactMR report foresees the functional fitness equipment market to present an impressive growth during the period of forecast (2018-2028). With Millennials increasingly driving the consumer spending, offering services appealing to their values is being considered crucial among industrial sectors, and the fitness industry is no exception. A recent survey has found over four-fifth percentile of Millennial population adhere to daily exercise, as opposed to that of just above three-fifth of Baby Boomers.
For Millennials, health & wellness is an active, daily pursuit, with their focus being robust with regard to exercise, and healthy diet. This generation is smoking less than its predecessors. Fitness is one area where Millennials are willing to spend more on compelling brands. In addition, the trend of functional training is highly underpinned by the Millennials. Nevertheless, other demographic segments are not being neglected, when it comes to development of functional fitness equipment, as the actively-aging Baby Boomers population is also deemed as a lucrative area for growth.
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Bars & plates seek extensive adoption among enthusiasts that indulge in dynamic lifts, including snatches and cleans, particularly with heavy weight loads and high reps. although most athletes prefer standard-sized bars, some feature ones with smaller diameter. Smaller diameter bars particularly seek used among the female fitness enthusiasts, of whom participation rates have witness significant proliferation in the recent past.
Functional training workout activities frequently feature plates of 65 lbs for women and 95 lbs for men, which has driven the demand for these bars & plates variants. Bars & plates are likely to remain sought-after among end-users of functional fitness equipment, with kettlebells & dumbbells following the suit. With rising traction of progressive kettlebell & dumbbells workouts, these functional fitness equipment are witnessing huge demand as they serve the purpose of adding weight to the exercise movement patterns.
Rowing machine has recently witnessed a rise in popularity as a combination machine, which combines cardiovascular elements and muscle building resistance. Easy-on-joints and low impact attributes of rowing machines have led their interest among older fitness enthusiasts. This humble rowing machine that long gathered dust in corners of gyms, has been experiencing a renaissance over the recent past, being dubbed as “the new spinning”.
The report envisages fastest revenue growth for rowing machines through the forecast period. While indoor rowing machine is likened to the equipment that ply their trade on water, past few years have demonstrated rowing machine’s popularity surge as an alternative to static bikes and treadmills in gyms. This will significantly impact growth of the functional fitness equipment market in the long run.
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