Global Gymnastic Equipment Market 2019-2023 | Increased Awareness about Healthy Lifestyle to Boost Demand | Technavio
LONDON--(BUSINESS WIRE)--Dec 27, 2018-- analysts forecast the global gymnastic equipment market to have an incremental growth of USD 73.7 million during the forecast period, according to their latest market research report. The growth momentum of the market is expected to accelerate in the year-over-year growth.
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Technavio has released a new market research report on the global gymnastic equipment market for the period 2019-2023. (Graphic: Business Wire)
The increasing popularity of e-commerce channels is one of the major trends being witnessed in the . The online sales of gymnastic equipment have witnessed significant growth over the past decade due to the retailers and manufacturers efforts toward educating customers, streamlining the online retail process, and providing better aftersales services and targeted marketing campaigns. The growing penetration of smartphones and the internet worldwide will further increase the sales of gymnastic equipment through online portals, thus, driving the market.
According to Technavio analysts, one of the key factors contributing to the growth of the global gymnastic equipment market is the increased awareness about healthy lifestyle:
Global gymnastic equipment market: Increased awareness about healthy lifestyle
The prevalence of sedentary behavior and physical inactivity exposes individuals to various health conditions such as anxiety, obesity, type 2 diabetes, and osteoporosis. Hence, individuals are increasingly adopting a healthy lifestyle. Also, social media helps create awareness about healthy lifestyle and the ways to achieve it through various fitness and training sports such as gymnastics, which, in turn, creates demand for gymnastic equipment.
According to a senior analyst at Technavio, “Gymnastics offers several benefits such as better coordination and body awareness and increased strength of abdominal muscles. Strengthening these muscles can help relieve back pain, which is often found in today’s generation. Also, flexibility can help prevent injuries and everyday aches and pains. Gymnastics provides flexibility to the athlete when compared with other sports.”
Global gymnastic equipment market: Segmentation analysis
The global gymnastic equipment market research report provides market segmentation by distribution channel (DTC, modern trade, online and VAR) and by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
The Americas held the largest size of the market in 2018, accounting for USD 163 million. It was followed by EMEA and APAC respectively. The dominance of the Americas can be attributed to the increased awareness about healthy lifestyle and rise in childhood obesity.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market LandscapeMarket ecosystem Market characteristics Market segmentation analysis
Market SizingMarket definition Market size and forecast
Five Forces Analysis
Geographical SegmentationRegional comparison Key leading countries
Vendor LandscapeVendors covered Vendor classification Market positioning of vendors Competitive scenario
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SOURCE: Technavio Research
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PUB: 12/27/2018 10:25 AM/DISC: 12/27/2018 10:25 AM