Ocean View, DE -- (SBWIRE) -- 06/16/2020 -- A research report by Global Market Insights, Inc., estimates that the global fitness equipment market may surpass a valuation of $15 billion through 2026. Meanwhile, tech companies partnering with fitness equipment producers to integrate advanced fitness solutions in their upcoming products may fare product penetration.
Growing number of fitness centers and gyms across the world will drive global fitness equipment market size over 2026. Technological advancements in the manufacturing sector may support the development of new fitness equipments.
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The fitness equipment market is anticipated to grow considerably over the forthcoming time period owing to the shifting consumer trends towards maintaining a healthy lifestyle and the subsequent rise in the number of people who work out daily in order to stay fit. Adoption of fitness equipment is an ever-growing phenomenon across the globe and has gained importance among individuals, and academic investigations.
Due to the new trends seen in fitness, which might have been introduced by models, actors, or athletes, who boast of significant social media presence, people are considering fitness as an important option. It is also observed that working out helps with stability as well as mental health of an individual. It tends to increase the focus thereby leading to better functioning of the brain.
Exercise also has the potential of a good therapy for mood swings, depression, or even anxiety, thereby regular exercise could keep the individual healthy with a positive mind. Exercise equipment come in all shape, size, and price ranges. These equipment generally tend to only produce results when used regularly.
Fitness equipment market is segmented in terms of equipment, end-use, and regional landscape.
With respect to equipment, the market is bifurcated into strength training, cardiovascular, and others. The strength training segment is further divided into barbells and ladders, power racks, weight-lifting equipment, extension machines, weights, and others. The weights segment is likely to grow due to rising trend of increasing body strength and maintaining muscular body type.
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The power racks segment will also witness growth owing to the changing consumer demand to work out on daily basis to enhance body immunity and strength. Power racks are machines that generally enable people to perform a variety of exercises to build target muscles or to tone the body.
From a regional frame of reference, the Latin America fitness equipment market is estimated to project substantial growth due to outsizing youth population. Middle East & Africa fitness equipment market is anticipated to gain appreciable market share over the forecast timeline due to growing fitness awareness among the consumers.
Table of Contents (ToC) of the report:
Chapter 4. Fitness Equipment Market, By Equipment
4.1. Key trends by equipment
4.2. Cardiovascular
4.2.1. Market estimates and forecast, 2015 - 2026
4.2.2. Market estimates and forecast, by equipment, 2015 - 2026
4.2.3. Market estimates and forecast, by end-use, 2015 - 2026
4.3. Strength training
4.3.1. Market estimates and forecast, 2015 - 2026
4.3.2. Market estimates and forecast, by equipment, 2015 - 2026
4.3.3. Market estimates and forecast, by end-use, 2015 - 2026
4.4. Others
4.4.1. Market estimates and forecast, 2015 - 2026
4.4.2. Market estimates and forecast, by end-use, 2015 - 2026
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, 2015 - 2026
5.3. Health Clubs
5.3.1. Market estimates and forecast, 2015 - 2026
5.4. Offices
5.4.1. Market estimates and forecast, 2015 - 2026
5.5. Hotels
5.5.1. Market estimates and forecast, 2015 - 2026
Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/fitness-equipment-market-report
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