Global Strength Training Equipment Market 2017-2021

Overview of the global strength training equipment market

Technavio’s market research report predicts that the global strength training equipment market will grow at a CAGR of above 2% during the forecast period. Growing preference for a healthy and fit lifestyle is one of the primary drivers for the market growth. Busy work schedules and rising health issues are the driving factors for daily exercise to stay fit and ward off health complications like diabetes, high cholesterol, and obesity. Countries like India and China are largely affected by type 2 diabetes due to increasing obese population and physical inactivity amongst people. Moreover, the occurrences of rising cholesterol levels in regions like the US and the UK due to the intake of saturated fats drives the need for the strength training equipment market in the future.

In terms of geography, the Americas led the global strength training equipment market during 2016 and is expected to continue its dominance for the next four years. The main contributing factor to the region’s growth is the rise in the number of health conscious people and a growing number of home gyms. Moreover, the US has the biggest market in the Americas due to factors like increasing product innovation, increase in aging population, and rising health issues, which propel the growth of the market in the region.

Competitive analysis and key vendors

The global strength training equipment market is competitive with an extensive range of products and consists of numerous key players. The market players have different tactics to raise their market share and competition is based on the factors like price, quality, brand, and variety.  Moreover, innovative products in the emerging countries with significant market awareness and the acquisition of innovative brands are expected to enhance the prospect of continuing the market dominance of the key players.

Some of the key vendors in the market are:

• Cybex International
• ICON Health and Fitness
• Nautilus
• Paramount Health Group
• Precor
• Technogym

Other prominent vendors include BodyCraft, Body Solid, CAP Barbell, Jerai Fitness, Life Fitness, Powertec, Total Gym, TROY Barbell, and Valor Fitness.

Segmentation by product and analysis of the strength training equipment market

• Weights
• Hydraulic Equipment
• Functional Trainers

During 2016, strength training weights dominated the product segment in the global market. However, the functional trainer segment is predicted to grow higher during the forecast period due to an increase in income levels and preferences for multifeatured exercise equipment.

Segmentation by end-user and analysis of the strength training market

• Individual Users
• Health clubs and gyms
• Commercial users

As per the Technavio’s market research report, the increasing demand for strength training equipment by individual users will result in this segment’s growth during 2016. Nevertheless, the commercial user segment is foreseen to witness the highest growth owing to the construction of gyms and exercise areas in office buildings.

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 strength training equipment market?
• What are the key market trends impacting the global strength training equipment market?
• What are the challenges to market growth?
• Who are the key vendors in the global strength training equipment market?
• What are the market opportunities and threats faced by the vendors in the global strength training 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 strength training equipment market?

Technavio also offers customization on reports based on specific client requirement.

Related reports

• Global Military Fitness Training Equipment Market 2017-2021
• Global Fitness Equipment Market 2016-2020
• Global Cardiovascular Training Equipment Market 2016-2020