Overview of the global aqua gym equipment market
Technavio’s market research report predicts that the global aqua gym equipment market will grow at a CAGR of above 2% during the forecast period. Growth in online sales is one of the primary factors for market growth. In addition to the hectic work schedules and fast moving lifestyles, the lesser prices offered by online retailers have resulted in online shopping becoming the preferred choice for various customers. in addition to online portals such as Amazon and Alibaba providing aqua gym equipment, several international and national vendors such as Decathlon also offer aqua gym equipment on both their brick and mortar stores and online portals. Moreover, factors such as the increasing internet penetration and the rise in adoption of digital products such as tablets, smartphones, and laptops will improve online sales especially in the regions such as APAC, which will in turn, propel the market’s growth prospects.
In terms of geography, the Americas dominated the global aqua gym equipment market during 2016 and is expected to continue the domination over the next four years. The rise in health consciousness coupled with the rising number of aqua gyms and strength training areas, drives the growth of the market in the region. Moreover, factors such as innovation in products, the growth in aging population, and the rising health issues, will also propel the growth of the aqua gym equipment market in the region.
Competitive analysis and key vendors
The global aqua gym equipment market is competitive and consists of many established players offering an extensive range of products. Product innovation in developing countries with significant awareness and steady economic growth is foreseen to be the key trend in the market during the forecast period. The competition between the players is based on factors such as price, quality, brand, variety, and strategies to increase their market share. The growing competition with changes in technology and consumer preferences are observed as the major risk factors for the growth of the market players.
Key vendors in the market are:
- aqua-fitness
- Aquajogger
- Aqua Lung International
- Speedo International
- Sprint Aquatics
Other prominent vendors include Aquapole, BECO-Beermann, Black Lagoon Products, FINIS, HYDRO-FIT, N-FOX, and Texas Rec.
Segmentation by product and analysis of the aqua gym equipment market
- Cardiovascular aqua gym equipment
- Strength training aqua gym equipment
During 2016, the strength training aqua gym equipment segment dominated the global aqua gym equipment market and is expected to continue the domination over the next four years. The rising consumer awareness of staying healthy and the need for weight-bearing exercises, will be the major factors driving the growth of this market segment.
Segmentation by retail formats and analysis of the aqua gym equipment market
- Specialty stores
- Department stores, hypermarkets, and supermarkets
- Online retail
As per Technavio’s market research report, the specialty stores segment led the global aqua gym equipment market during 2016. The preference of specialty stores as the shopping destination for aqua gym equipment due to the availability of branded aqua gym equipment, will be the main contributor to the segment’s growth.
Key questions answered in the report include
- What will the market size and the growth rate be in 2021?
- What are the key factors driving the global aqua gym equipment market?
- What are the key market trends impacting the growth of the global aqua gym equipment market?
- What are the challenges to market growth?
- Who are the key vendors in the global aqua gym equipment market?
- What are the market opportunities and threats faced by the vendors in the global aqua gym equipment market?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the global aqua gym equipment market?
Technavio also offers customization on reports based on specific client requirement.
Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
- Global fitness equipment market
- Global aqua gym equipment market
- Five forces analysis
PART 06: Market segmentation by product
- Global cardiovascular aqua gym equipment market
- Global strength training aqua gym equipment market
PART 07: Market segmentation by retail formats
- Global aqua gym equipment market by retail format
PART 08: Geographical segmentation
- Global aqua gym equipment market by geography
- Aqua gym equipment market in the Americas
- Aqua gym equipment market in EMEA
- Aqua gym equipment market in APAC
PART 09: Decision framework
PART 10: Drivers and challenges
- Market drivers
- Impact of drivers on key customer segments
- Market challenges
- Impact of challenges on key customer segments
PART 11: Market trends
- Increase in obese population
- Advent of technological innovation in traditional fitness product features
- Rise in the number of fitness centers and health clubs and product offerings
PART 12: Vendor landscape
- Competitive scenario
- aqua-fitness
- AquaJogger
- Aqua Lung International
- Speedo International
- Sprint Aquatics
- Other prominent vendors
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape