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Strength Training Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

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Change in lifestyle of urban population has increased number of health problems related to diabetes, heart and obesity. The growing obese population and increasing awareness on health will create a good market opportunity for strength training equipment market in coming years. These have also increased market for fitness centers which in turn will help to increase market for commercial strength training equipment. The shifting consumer requirement for new and improved strength training equipment is motivating companies in strength training equipment market to innovate new products. Moreover, the stress level on body and brain has increased for urban population due to tremendous work pressure. People need to be mentally and physically fit to sustain in today’s fast paced times. Due to this rising concern, people are opting for weight loss management solutions. Therefore, the role of strength training equipment comes into picture. The use of strength training equipment will become prominent in coming years as it helps to improve performance for doing daily activities.  Strength training equipment are used for exercises that imitate actual job task and help to improve strength, balance, endurance and coordination. Depending upon the usage, the strength training equipment market can be categorized as commercial and residential markets. Fitness clubs and sports center comes under commercial market where a large number of consumers opt for fitness based services. Commercial equipment includes large training equipment such as smith machine, power tower and a range of dumbbell sets. Most of consumers who opt for fitness clubs are teenagers, working and aged people. Aged people prefer natural movement and low impact exercise equipment such as air resistance and cable based strength systems in fitness center.

Some consumers prefer buying strength training equipment instead of renting them at fitness center. This consumer market comprises of residential strength training equipment. Factors such as health awareness, aging population and growth in consumer disposable income influence the growth of strength equipment market in residential sector. The number of women using strength equipment is increasing as they are becoming more aware of using strength equipment in combination with dieting. Equipment such as dumbbells, push-up bar, weight bar, press benches have more demand in residential sector. Most of the residential strength training equipment are sold through sports shop or by mail order. The increasing use of e-commerce by consumers is creating a positive demand for residential strength training equipment market.                                                                                                                             

Increase in aging population and healthcare awareness is driving the strength training equipment market in developed economies such as North America and Europe. The strength equipment market is expected to increase in developing countries such as India and China due to increasing purchase power of upper class population. Such emerging economies are also experiencing a gradual shift in spending power from large metropolitan cities to small town and it has led to more spending on health related facilities including fitness and sports training equipment.   Some of the strength equipment manufacturers are Atlantis Inc, Cybex International Inc, Matrix Fitness, Brunswick Corporation, Legend Fitness, Rogue Fitness, ICON Health & Fitness, Jordan Fitness, Impulse Health Tech Co Ltd, Precor Incorporated, Hoist Fitness Systems, Promaxima Manufacturing and Nautilus Inc.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market    

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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