Physical Fitness Equipment Market Pegged for Robust Expansion During 2031

Posted by Govind TMR on August 5th, 2022

According to World Health Organization (WHO) report, approximately three million individuals die due to obesity and its related disorders, which include cardiovascular diseases, diabetes, stroke, and others. Increased weight related diseases have triggered the market for physical fitness equipment. 

There has been a considerable rise in demand for treadmill, exercise bike, steppers, free weights, weightlifting machines, home fitness products, and fitness monitors in the recent past.

The U.S. records for the highest number of overweight population, while South East Asia has the lowest obesity rate. It is also worth noting that higher income groups contribute to obese population, in the developed countries. Reduced physical activities in the young age groups, and inactive lifestyle has increased weight related issues, these factors have pressurized government and other institutes to increase awareness regarding physical fitness. 

Physical Fitness Equipment Market: Inclusive Insight

The primary target of the physical fitness equipment market is the younger population, however a considerable amount of demand is generated from those falling in the old age bracket. There is also a high demand for home physical fitness products, due to the busy and hectic lifestyle of consumers. Exercise bike and treadmills are major contributors to the market. According to statistics published by Fitness Expo, over 15% of the population uses treadmill. Cost effective, easy functions, and wide availability are a few drivers for the treadmill market. Improved technology, and advanced ergonomic products have also assisted the adoption of home physical fitness products. 

With the advent of physical fitness monitors that track number of steps taken, calories burned, and stairs climbed, sleep monitors and others, have helped in tracking performance regularly. The physical fitness market is also booming due to miniaturized devices, attractive designs, and synchronization with smart phones that act as motivators. Various governments have also taken initiatives to curb obesity by subsidizing gym memberships, also increased importance for physical fitness in school is another driving factor for the physical fitness equipment market.     

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