This segment is expected to witness 2. This is further expected to hinder the growth of the global fitness equipment market., Technogym S., Iron Grip Barbell Company, and Adidas AG. These players include Brunswick Corp. This segment is estimated to account for sales of 12,098,390 units by 2024 end, expanding at a CAGR of 3. In addition, fitness equipment requires huge maintenance costs, which is impeding the growth of the global fitness equipment market.7% CAGR, in terms of volume, during 2016 to 2024, as forecasted by Persistence Market Research (PMR) in its report.8% volume CAGR during the forecast period. In 2016, the offline stores accounted for more than 80% volume share of the global fitness equipment market. This has made fitness clubs to buy less equipment and provide more & more open spaces. This results in replacement of the whole unit, increasing overall maintenance costs. In 2016, 13,812,312 units of fitness equipment were sold across the globe, and by 2024, the sales of fitness equipment are expected to reach 17,548,158 units.9% CAGR During 2016 to 2024In terms of volume, weight training equipment is expected to continue its dominance over the global fitness equipment market through 2024. At present, people are inclining towards exercises such as dancing, aerobics, Pilates, and yoga which require minimal use of fitness equipment. Weight training equipment is expected to register a substantial growth during the forecast period. However, the online store is expected to exhibit the fastest growth during the forecast period.Cardiovascular Training Equipment Expected to Register 2.
A wide range of products is being offered by online retailers with detailed catalogs. Developing economies such as China, India, Mexico, and others have shown weak aftersales services for fitness equipment., Ltd. The ability of cardiovascular training equipment of being utilized by all age groups is expected to drive its growth in sales by 2024., Amer Sports Oyj, Johnson China chemical anchors for sale Health Tech Co.A, Nautilus, Inc. Region-wise, Asia Pacific is estimated to register the fastest growth at 3.Key players in the global fitness equipment market are actively focusing on the provision of smart fitness equipment, capable of connecting and sharing workout data to fitness apps and wearable devices. In contrast, Europe is expected to remain the most lucrative region for sales of fitness equipment. In contrast, the home/individual segment is expected to witness highest sales in volume during the forecast period.To know key findings Request Sample Report @: /samples/3069Global Fitness Equipment Market Expected to Witness a Sluggish Growth through 2024According to PMR’s Report, the global fitness equipment market is projected to register a sluggish growth at 3% CAGR during 2016 to 2024, in terms of volume.9% CAGR, in terms of volume, during the forecast period. The sales of fitness equipment in Europe is expected to reach 5,908,833 units by 2024.., ICON Health & Fitness, Inc., True Fitness Technology, Inc., SportsArt Fitness, Inc. This sale of this segment is expected to reach 8,409,796 units by 2024.Sales of fitness equipment are channeled through online and offline stores.
There is a difficulty in procuring parts/components utilized for fitness equipment such as heart rate grips, LED console, handle bars, tension knobs, motors, and so on, and most of these are complex to repair. This distribution channel segment is expected to expand at 2.p. These factors are estimated to restrain the market growth in the near future.Request for Report Methodology @: /methodology/3069Health Clubs to Remain the Fastest Growing End User in the Global Fitness Equipment MarketHealth clubs are expected to remain the fastest growing end-user segment, in terms of volume, through 2024
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