The Asia Pacific fitness equipment market is witnessing a high growth owing to the rise in the development of several health clubs and gyms in several application segments. Rising obese population and increasing disposable income of individuals in the region offer significant growth opportunities to the industry Such factors encourage the public to focus on health conditions, driving the adoption of several advanced machines and providing an impetus to the fitness equipment market growth.
The fitness equipment market, a pivotal sub-sphere of the global fitness sector – has been strongly reinforcing its stance in its parent industry ever since the advent of fitness gyms. Valued at $10 billion in 2017, fitness equipment market has been showcasing an exponential rate of growth primarily on account of the fact that the lifestyle of a modern-day human is increasingly becoming more and more sedentary. The prevalence of this lifestyle coupled with the modern-day conveniences, where cheaply-priced fast-food is readily made available at the touch of a button, creates an extremely flourishing environment for cases of obesity as well as chronic diseases.
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These machines include exercise bikes, treadmills, and elliptical machines, which help users in burning the calories consumed, eliminating the occurrence of heart attacks and diabetes. Moreover, these machines are being integrated with advanced systems, allowing users to track several health parameters. For instance, mobile tracking applications help users in tracking their health status by connecting these machines with their mobile devices. Moreover, applications of these machines are growing rapidly in health clubs and gyms, driving the fitness equipment market.
The fitness equipment market is experiencing a high adoption in offices owing to the increased corporate focus on the health conditions of employees & staff members. The multinational companies, which have large infrastructure & buildings are developing a separate space for establishing health & wellness centers for their employees. The companies are offering such services to increase the employee productivity in the organization.
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Key players operating in the fitness equipment market are: Amer Sports Corporation, Johnson Health Tech, Icon Health & Fitness, Brunswick Corporation, Technogym S.p.A., True Fitness, Torque Fitness, and Nautilus, Inc., among others. The players are offering advanced monitoring and tracking health status systems to customers. For instance, ICAROS is offering several virtual realities enabled machines that provide effective and exciting exercise experiences to the users.
Some Point from Table of Contents:
Chapter 4 Fitness Equipment Market, By Equipment
4.1 Key trends by equipment
4.2.1 Market estimates and forecast, 2013 – 2024
4.2.2 Market estimates and forecast, by region, 2013 – 2024
4.2.3 Market estimates and forecast, by end-use, 2013 – 2024
4.2.4 Elliptical machines
22.214.171.124 Market estimates and forecast, 2013 – 2024
126.96.36.199 Market estimates and forecast, by region, 2013 – 2024
188.8.131.52 Market estimates and forecast, by end-use, 2013 – 2024
184.108.40.206 Market estimates and forecast, 2013 – 2024
220.127.116.11 Market estimates and forecast, by region, 2013 – 2024
18.104.22.168 Market estimates and forecast, by end-use, 2013 – 2024
4.2.6 Exercise bikes
22.214.171.124 Market estimates and forecast, 2013 – 2024
126.96.36.199 Market estimates and forecast, by region, 2013 – 2024
188.8.131.52 Market estimates and forecast, by end-use, 2013 – 2024
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