06th Jan 2020 - The global Fitness Equipment Market size is expected to value at USD 13.24 billion by 2022. The market is subject to witness a substantial growth due to the ever-growing urban population, increasing disposable income, particularly in the developing economies across the globe, and rising health consciousness among the general population. The fitness equipment is utilized to perform different types of exercises in regards to the physical wellbeing of the individual along with weight management, enhancing body stamina, and muscular strength of the individuals. Globally, the market is predicted to grow at CAGR of 3.6% in forecast period, providing numerous opportunities for market players to invest in research and development of the fitness equipment market.
The fitness equipment that are increasingly used include treadmills, standing bicycles, abs & fitness twister, roller slide, cross trainer, and weightlifting machines. Factors responsible for robust market growth in the fitness equipment industry, in the recent years, include large number of obese population, rising health consciousness among general population, and increasing popularity of fitness equipment among younger population. Numerous initiatives undertaken by private and government authorities to promote corporate wellness programs are predicted to drive the growth of fitness equipment market in the upcoming years. However, high initial cost and increase in the resale activities of used devices are predicted to restrain market growth to a certain limit. Yet, soaring demand from developing economies across the globe are predicted to boost the demand for the fitness equipment over the forecast period.
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Additionally, recent improvements and upgradation in the existing health security policies by local as well international authorities such as The United Nations (UN) and the World Health Organization (WHO) are expected to foster market in the near future. Increasing adoption of fitness equipment helps to prevent and monitor chronic diseases such as diabetes. Furthermore, increasing popularity of the fitness equipment in the developed economies is attributed to factors such as rising healthcare expenditure, and development of sports and nutrition programs and initiatives in order to encourage people belong to all ages, and backgrounds, thereby leading to active and healthy lifestyle.
This market is broadly categorized into three major types based on type of the device such as cardiovascular training, strength training, and body monitoring and analyzers. The strength training fitness equipment is considered as one of the fastest growing segment in the fitness equipment market with substantial revenue generation in the last couple of years. Growing popularity of the strength training fitness equipment segment kits is attributed to the growing demand form developing economies worldwide, rising young population and growing personal disposable incomes.
Cardiovascular exercise market segment has also witnessed substantial growth owing to the increasing adoption on global scale coupled with rising commendation by physicians and healthcare professionals. Other factors playing major role in the rapid growth of the fitness equipment market, in the recent years include busy lifestyles and changing food patterns.
The key players in the fitness equipment market are Amer Sports (Precor) Co., Brunswick Co., Cybex International Incorporations, Johnson Health Tech Co., Ltd., Nautilus Inc., Paramount Pvt., Ltd., Technogym Ltd., and Torque Fitness LLC.
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The market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies for manufacturing of the fitness equipment, growing large obese and overweight population, rising amount of government regulations in order to encourage and promote health awareness among the citizens, and existence of well-established market players in the region.
Asia-Pacific region is predicted to hold major market share in the fitness equipment market with massive growth in forecast period. Countries such as India, China, Japan and South Korea are leading the Asia-Pacific market with rising health consciousness among general population, increasing personal disposable income, and significant investment by leading industry players considering potential growth opportunities in the region.
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The global fitness equipment market size is expected to value at USD 13.24 billion by 2022.
The market is subject to witness a substantial growth due to the ever-growing urban population, increasing disposable income, particularly in the developing economies across the globe, and rising health consciousness among the general population.
Globally, the market is predicted to grow at CAGR of 3.6% in forecast period, providing numerous opportunities for market players to invest in research and development of the fitness equipment market.Download Full Research Report on “Fitness Equipment Market” @ https://www.millioninsights.com/industry-reports/fitness-equipment-marketThe fitness equipment that are increasingly used include treadmills, standing bicycles, abs & fitness twister, roller slide, cross trainer, and weightlifting machines.
Factors responsible for robust market growth in the fitness equipment industry, in the recent years, include large number of obese population, rising health consciousness among general population, and increasing popularity of fitness equipment among younger population.
Numerous initiatives undertaken by private and government authorities to promote corporate wellness programs are predicted to drive the growth of fitness equipment market in the upcoming years.
Furthermore, increasing popularity of the fitness equipment in the developed economies is attributed to factors such as rising healthcare expenditure, and development of sports and nutrition programs and initiatives in order to encourage people belong to all ages, and backgrounds, thereby leading to active and healthy lifestyle.This market is broadly categorized into three major types based on type of the device such as cardiovascular training, strength training, and body monitoring and analyzers.
The global Automotive Engine Oil Market scope was appreciated at US$ 35.67 billion during 2017.
It is expected to increase by the projected CAGR of 3.7% from 2019 to 2025 and expected to stretch US$ 48.1 billion by the completion of 2025.
Friction is one of the most important causes of engine high temperature in automobiles.
The oil in automobile engine generates a thin layer of lubrication on entire metallic portions which offers smooth movement of the parts above each other, consequently decreasing rubbing.
The sales of automotive vehicle have displayed a continuous growth during the previous limited years, mostly in the Europe and Asia Pacific areas, because of the customer’s increasing capability of expenditure and rising population.
Growth in demand for goods transporters from medium, small and micro size enterprises, growing movement owing to expansion of Satellite Township close to megacities, increasing ambition of possessing private means of transportation, increasing middle class, growing per head earnings and emerging set up of surface transport are powering the automotive engine oil industry in Asia Pacific area.
Rising acceptance, particularly in Latin America, Asia Pacific, and the Middle East, are anticipated to drive the growth of the market.
Numerous benefits together with longer stability along with reliability are also expected to help the growth of the industry over the coming yearsGrowing disposable income of the consumer, predominantly in countries such as China, Brazil along with India coupled with the increasing need for faster transportation facilities may elevate the demand for the elevator.
The elevator industry is hovering for growth owing to superior control of elevator traffic and the growing requirement for improved energy efficiency worldwide.Request a Sample Copy of This Report @ https://www.millioninsights.com/industry-reports/smart-elevator-marketExpansion of products that utilize renewable energy sources is likely to offer new development avenues in the upcoming years.
Extensive usage in different sector like industrial, commercial as well as residential areas is further liable to drive the growth of the market.
Elevator access control & security market helped in accounting more than 35% of the overall share in 2014, but this proportion may decrease over the coming years.Maintenance segment is estimated to demonstrate considerable development in upcoming few years which may credit to increasing maintenance related activities of already installed products in mature markets such as North America along with Europe.Application InsightsResidential segment has for over 20% of the total revenue share in 2014 which is anticipated to rise over the forecast period.
Industrial segment is probable to appear as the fastest growing application in next few years owing to the mounting demand for energy-efficient solutions which results in increasing acceptance.The commercial segment may observe significant development over the given forecast period due to advantages such as reduced operational cost, low power consumption, and cost savings.View Full Report with TOC @ https://www.millioninsights.com/industry-reports/smart-elevator-market/request-sampleRegional InsightsIn 2014 North America smart elevator market was a leading regional segment as well as accounted for more than 40% of the revenue.
According to the new market research report “Orthopedic Braces and Supports Market by Product (Knee, Ankle, Hip, Spine, Shoulder, Neck, Elbow, Hand, Wrist), Category (Soft, Hard, Hinged), Application (Ligament (ACL, LCL), Preventive, OA), Distribution (Hospital) & Region – Global Forecast to 2025″, published by MarketsandMarkets™, is estimated to be USD 3.1 billion in 2020 and projected to reach USD 4.1 billion by 2025, at a CAGR of 5.8 %.Download PDF Brochure:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=24806829The Increasing prevalence of orthopedic diseases & disorders, continuous product commercialization, greater product affordability & market availability, rising number of sports and accident-related injuries, and growing public awareness related to preventive care are the key factors driving the growth of the orthopedic braces and supports industry.The otc braces and supports market includes major Tier I and II suppliers like DJO Finance LLC (US), Össur Hf (Iceland), Breg, Inc. (US), Bauerfeind AG (Germany), and DeRoyal Industries, Inc. (US).
These suppliers have their manufacturing facilities spread across regions such as North America and Europe.
COVID-19 has impacted their businesses as well.
Demand for orthopedic braces and supports from key end-users has significantly declined amidst the global COVID-19 pandemic.
Industry experts believe that COVID-19 will have short-term negative growth for the orthopedics and supports market in 2020, but will experience normal growth as the market gradually steadies by the end of 2020.Browse in-depth TOC on “Orthopedic Braces and Supports Market”280 – Tables30 – Figures 374 – PagesDemand for knee braces and supports among medical professionals and athletes is expected to result in the segment occupying the majority of the market shareThe knee braces and supports market is estimated to have the largest market share by value.
Growth of this segment can be attributed to the growing demand for knee braces & supports among medical professionals and athletes and favorable reimbursement scenario for knee braces in developed countries.
Global chelating agents market is expected to reach USD 5.17 billion by 2024.
Chelating agents are also termed as sequestering, chelants or chelators agents; which are chemical compounds that react with metal ions to form water-soluble, stable metal complexes.
The chelating agent market is estimated to grow at a significant CAGR of 3.1% over the forecast period as the scope and its applications are rising enormously across the globe.The factors that are playing a major role in the growth of chelating agents market are rising awareness regarding water treatment, growing use of biodegradable chelating agents, and high demand from end users like cleaners & detergents.
However, ecotoxicological risk regarding conventional chelating agents may restrain overall market growth in the years to come.
The other sector comprises N-(2-Hydroxyethyl) ethylenediaminetetraacetic acid (HEDTA), zeolites, and biodegradable chelating agents.
In addition, phosphates & phosphonates sector is estimated to grow at the fastest pace in the years to come.The market may be categorized based on applications like food & beverage, cleaners, pharmaceutical, water treatment, personal care, pulp & paper, agrochemicals, and others.
Surgical Stents Market HighlightsStents are tiny tube like medical devices, which are placed into blood vessels or arteries to open the blockage in the vessels.
A number of people are suffering from cardiac and renal diseases, and the number is increasing continuously due to changing lifestyle, and lack of exercise.
On the basis of types, the market is segmented: cardiac stents, urinary stents, biliary stents, oesophageal stents, prostatic stents, and others.
Due to increasing diabetic and obese population, America is witnessing rapid growth in the market.
Europe has the second leading market of surgical stents which is followed by Asia Pacific.
India and China dominate the market for surgical stents in Asia Pacific region.Surgical Stents Market Key PlayersSome of the major key player in the market are STI Laser Industries, Ltd (Israel), ELLA - CS, s.r.o.
