Global Fitness Equipment Market: Factors Helping to Maintain Strong Position Globally 2020-2026

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Global Fitness Equipment Market High-growth
Regions to Expand Geographic Footprint 2020- 2026
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Industry Overview

• Accordingly, to Global Market Insights research
  report The fitness equipment market is expected
  to witness a lucrative rate of growth in coming
  years owing to ongoing technological
  advancements. The increase in number of gyms and
  fitness centers is also one of the other growth
  factors that is expected to fuel industry growth.
  The coronavirus outbreak is expected to slow down
  growth rate in the short term since gyms and
  fitness centers are closed. However, once the
  situation is under control, the industry is
  expected to bounce back substantially.
• The market for connected fitness equipment is
  likely to grow at a rapid pace over the estimated
  time frame. The collaboration of fitness
  equipment manufacturers with technology providers
  so as to provide improved fitness related
  solutions is likely to form a primary trend in
  the market.
• As per a research report by Global Market
  Insights, Inc., fitness equipment market is
  estimated to exceed 15 billion by 2026.

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• The cardiovascular equipment segment is likely to
  gain importance owing to numerous health benefits
  provided by these fitness equipment. Increasing
  issues related to stress and health concerns due
  to sedentary lifestyles are stimulating the
  demand for fitness equipment. Exercise bikes
  boost muscle strengthening and also enhances the
  cardio-respiratory capacity, whereas climbers
  enable in muscle toning and weight reduction.
• Moreover, players are also introducing several
  indoor and outdoor exercise bikes equipped with
  touch screen consoles in order to improve the
  workout experience. Citing an example, Nautilus,
  back in December 2019, introduced a new indoor
  cycling bike namely Bowflex, which delivers a
  sophisticated and connected fitness experience,
  featuring an open platform for users to connect
  with the app of the company.
• The demand for fitness equipment is likely to
  increase across the globe owing to the increasing
  number of gyms and health clubs. Europe has also
  observed a rise in health club memberships. In
  fact, in Switzerland, health insurance providers
  offer subsidies to individuals paying for health
  club memberships. Due government associations
  stressing on the significance of well-being and
  health, the number of fitness centers have begun
  to increase.

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Growth Drivers

• Growing health and fitness consciousness in the
  U.S.
• Increasing corporate wellness programs and cross
  industry demand
• Government healthcare initiatives and increasing
  geriatric population in Europe
• Increase in chronic diseases in Asia Pacific
• Rise in disposable income in Asian countries

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• Overall, the aforementioned trends are likely to
  offer a diverse range of growth opportunities for
  fitness equipment market. The competitive
  spectrum of fitness equipment market includes
  companies like Johnson Health Tech, Amer Sports
  Corporation, Icon Health Fitness, Nautilus
  Inc., Brunswick Corporation, and Technogym S.p.A
  among others.

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