Why Fitness Equipment Market is growing rapidly? Brunswick Corporation, Partner Alliance/Merger and Acquisition, Fitness EM, HOIST Fitness Systems, Partner Alliance/Merger and Acquisition, Icon Health & Fitness, Johnson Health Tech, Partner Alliance/Merge

The APAC fitness 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.

The rapid rate of industrialization along with the change in lifestyle brought on by hectic, fast-paced jobs has led to the regional populace experiencing a surge of poor health, which has led to a rise in the awareness for fitness. Driven by the expanding affordability in the region and the rise in the number of health clubs, APAC fitness equipment market is anticipated to accomplish quite some gains in the years ahead.

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The U.S. fitness equipment market is also expected to grow considerably over 2018-2024. In fact, according to a 2017 estimate, the U.S dominated the overall industry with an astounding market share of about 35%. As per a report by the United States Department of Labor, between 2008 and 2015 weight lifting and use of cardiovascular equipment - two verticals that extensively utilize fitness equipment - were among the top two activities that individuals within the age bracket of 15 years and above participated in as a part of their fitness and sports related activities.

In an era expounded by sedentary lifestyles but increased consumer awareness subject to health, fitness equipment market seems to have made its mark in more ways than one. Of late, the global populace has been depicting signs of increased lethargy subject to hectic professional lifestyles, which has gradually resulted in a worldwide awareness epiphany, leading to people increasingly pursuing fitness activities.

Fitness equipment industry giants have dutifully acknowledged this dynamic shift, and have been working continuously to bring about a plethora of innovative products for the fitness conscious crowd. As is the case with major domains lately, technology has heavily penetrated fitness equipment market. The manufacture of IoT-equipped multi-functional fitness devices is on a rise, pertaining to the fact that every end-use sector now demands a hefty chunk of the technology space. A recent instance demonstrating the infiltration of technology in fitness equipment industry is that of Apple's announcement to launch Apple Watch-compatible gym equipment by September this year.

Furthermore, it is noteworthy to mention that one of the essential factors driving fitness equipment industry is that of consumer awareness, which is continually being exploited by fitness companies. Most of the fitness equipment market players and even the regional governments have been collaborating with the local fitness clubs and new entrants to launch fitness drives for generating a sense of awareness regarding the importance of health maintenance. Ireland's 2016 launch of a ten-year National Physical Activity Plan to promote a healthy lifestyle via fitness training is an instance of the same.

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Furthermore, these companies also have intensive marketing and promotional tactics on the cards, which will further augment product sale, indirectly spurring fitness equipment industry. The increasing health consciousness among consumers is sure to prompt companies to expand their product portfolios, which will gradually propel fitness equipment market even further, leading this business sphere to register a growth rate of 4% over 2018-2024.

Table of Contents (ToC) of the report:

Chapter 5 Fitness Equipment Market, By End-Use
5.1 Key trends by end-use
5.2 Home
5.2.1 Market estimates and forecast, 2013 - 2024
5.2.2 Market estimates and forecast, by region, 2013 - 2024
5.3 Health Club
5.3.1 Market estimates and forecast, 2013 - 2024
5.3.2 Market estimates and forecast, by region, 2013 - 2024
5.4 Office
5.4.1 Market estimates and forecast, 2013 - 2024
5.4.2 Market estimates and forecast, by region, 2013 - 2024
5.5 Hotel
5.5.1 Market estimates and forecast, 2013 - 2024
5.5.2 Market estimates and forecast, by region, 2013 - 2024

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/fitness-equipment-market-report

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