The global Strength Training Equipment market is estimated to be USD xxxx million in 2019 and is expected to reach USD xxxx million by 2026, with a CAGR of xxxx% during the forecast period.
Strength Training Equipment is a strength training equipment for developing the strength and size of skeletal muscles.
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Key Players:
Key players in the Strength Training Equipment market include Cybex International, ICON Health and Fitness, Nautilus, Paramount Health Group, Precor, Technogym, BodyCraft, Body Solid, CAP Barbell, Jerai Fitness, Life Fitness, Powertec, Total Gym, TROY Barbell, Valor Fitness, etc.
Market Driver and Restraint
Rapid changes in consumer lifestyles and increased awareness for health due to busy work schedules and unhealthy food consumption are propelling the growth of the Strength Training Equipment market. Moreover, increased obesity, government health promotion initiatives and a surge in youth population are also projected to fuel the growth of the market. However, the high cost of fitness equipment will restrain market growth.
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Forecast by Geography
On the basis of geography, the Strength Training Equipment market is segmented into North America, Asia-Pacific, Europe, Latin America, and the Middle East and Africa. North America is anticipated to dominate the market during the forecast period, owing to rapid urbanization and technological development in the region. Asia-Pacific is expected to show noticeable growth in the following years, owing to development in the healthcare and fitness industries in countries such as India and China. Changing the lifestyle of consumers due to the penetration of industrialization and services in developing countries is also propelling the market growth in the Asia-Pacific region.
Type Segment
The type of the Strength Training Equipment market can be divided into Weights, Hydraulic Equipment, and Functional Trainers.
Application Segment
The Strength Training Equipment is deployed in various end users: Individual Users, Health clubs and gyms, Commercial users, and Others.
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Target Audience:
• Strength Training Equipment manufacturers
• Raw material suppliers of Strength Training Equipment
• Distributors and resellers of Strength Training Equipment
• Strength Training Equipment industry associations
• Product managers, Strength Training Equipment industry administrator, C-level executives of the industries
• Market Research and consulting firms
• Small and Medium-sized Enterprises (SMEs)
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2019 to 2026
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