How much will the Aqua Gym Equipment industry be worth in the Future????
Posted by mrudulaGVR on April 23rd, 2020
The global aqua gym equipment market size is expected to reach USD 722.3 million by 2025, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 5.01% during the forecast period. Growing consumer awareness regarding healthy lifestyle and physical appearances.
The home care & decor industry has been witnessing inconsistent growth, since the Covid 19 outbreak. As a result of the ongoing pandemic crisis, there has been a drop in the overall performance of discretionary products such as decorative fixtures, bedding products, to name a few. The virus outbreak has, however, led to substantial growth in categories such as cleaning and hygiene products. Prominent growth in the e-commerce business is also one of the positive influences of the outbreak, wherein companies are focusing on expanding their distribution networks to online channels in order to cater to the surging consumer demand. Our team is diligently working towards accounting these factors in our report with the aim of providing you with the up-to-date, actionable market information and projections.
Rising pressure of hectic lifestyles among leads to serious health conditions such as high or low blood pressure, diabetes, and obesity to name a few. Aqua gym can reduce these problems as the workouts help reduce tension and also serve as a relaxing activity. Water gym also provides resistance as people move through it, which allows to work out vigorously with little chance of injury. Elderly prefer water fitness due to less probability of injuries. The exercise also helps cure hip and knee joint problems, especially among geriatric population.
Key market players includes PlayCore, Inc.; AquaJogger; Acquapole sas; TEXAS REC; Hydro Fit Inc.; BECO-Beermann GmbH & Co. KG; Be Aqua Pte Ltd; Aqua Gear Inc.; and HydroWorx International, Inc.. The companies majorly invest on product innovation to expand their customer base. For instance, weight loss instrument manufacturer VACUACTIVUS launched five new aqua weight loss products.
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Strength training aqua gym equipment category is expected to register the fastest CAGR of 6.24% from 2015 to 2025. The major reason people prefer aqua gym is its quick strength gaining procedures. It helps the muscles to get a rigid workout. It has been observed that 12 weeks of regular water gym training can provide significant gains in agility, strength, and flexibility. The quick fitness process associated with strength training is expected to drive growth of the global market.
Further key findings from the report suggest:
The aqua gym equipment market is competitive in nature with the presence of many small and large players. Some of the major companies are PlayCore, Inc.; AquaJogger; Acquapole sas; TEXAS REC; Hydro Fit Inc.; BECO-Beermann GmbH & Co. KG; Be Aqua Pte Ltd; Aqua Gear Inc.; HydroWorx International, Inc.; and others. Equipment manufacturers are working on product innovation and development to attract more customers. Weight loss product manufacturer VACUACTIVUS has launched five aqua weight loss equipment to get aqua gym customer base in the market.
The global aqua gym equipment market size was estimated at USD 512.9 million in 2018 and is expected to expand at a CAGR of 5.01% from 2019 to 2025. Rising awareness regarding physical appearance among urban population is driving the growth.
Rapidly rising consumer awareness regarding healthy lifestyle has had a positive impact on the market over the past few years. Consumers are increasing their spending on health and well-being. It has been observed that commercial sales, as well as gym equipment for personal use, are growing rapidly. Aqua gyms are more popular among urban people. Aqua gym exercises can help burn around 400 to 500 calories per hour and are considered as one of the faster ways to get in shape.
Corporate companies and government organizations are launching various initiatives and are continually encouraging people to invest in fitness equipment. Thus, people join different physical activity centers such as regular gyms, aqua gyms, regular and aqua aerobic classes, among others to boost strength and lead a healthy lifestyle. Companies such as Unilever; Nike Inc.; Google; Microsoft; Zappos; Rodale Inc.; Genetech, Inc.; SAS; and Twitter encourage their employees to lead a healthy lifestyle. Additionally, such companies host a health and wellness zone within their premises, encouraging employees to spend on healthy living.
Rapid rise in obesity across the world is anticipated to propel the market in near future. In America, 70% of adults are either obese or overweight. Water gym is considered one of the quicker ways to lose weight. Besides, many professionals consider water workout as a fun activity. Aging population is also joining aqua gyms due to arthritis and joint problems. It has been observed that water aerobics and gyms help improve joint problem faster than any medicines. The weight of a human body is reduced up to 90% when underwater, which helps aging population do more workout at minimal stress level.
Grand View Research has segmented the global aqua gym equipment market on the basis of product, distribution channel:
Aqua Gym Equipment Product Outlook (Revenue, USD Million, 2015 - 2025)
Aqua Gym Equipment Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Also See: Gym Equipment, Aqua Gym, Equipment Market, Weight Loss, Market, Inc, Gym
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