Global Functional Fitness Equipment Market- Overview
It is estimated for the global functional fitness market to witness growth at a CAGR of 6.1% during the forecast period of 2022 to 2030. The market witnessed growth at a CAGR of 4.8% during the previous forecast period of 2018 to 2021. Functional training equipment usually refers to types of equipment, which allow your body to move in a manner similar to how it would in everyday life situations. Equipment such as cable machines, stability balls, plyometric steps and rubber tubing are just a few of the more notable pieces of functional equipment.
Global Functional Fitness Equipment Market- Growth Factors
Growth in the fitness events all across the globe is the major factor that is driving the growth of the market during the forecast period. The increasing popularity of the sports like cricket, soccer, hockey and so on are building immense passion among the players to remain fit and thus these sports are driving the players to take up fitness as a activity and this factor is boosting the growth of the market during the forecast period. The urge among the people to remain fit is also a factor for them to opt for sporting activities and purchasing of sportswear and this factor is estimated to foster the growth of the market during the forecast period. The increasing awareness of the health benefits associated with remaining fit is also estimated to the adoption of fitness activities at school and college levels and this factor is estimated to drive the growth of the market during the forecast period.
Global Functional Fitness Equipment Market- Market Trends
Growth in the fitness events all across the globe is the major factor that is driving the growth of the market during the forecast period.
The increasing popularity of the sports like cricket, soccer, hockey and so on are building immense passion among the players to remain fit and thus these sports are driving the players to take up fitness as a activity and this factor is boosting the growth of the market during the forecast period.
The increasing awareness of the health benefits associated with remaining fit is also estimated to the adoption of fitness activities at school and college levels and this factor is estimated to drive the growth of the market during the forecast period.
Global Functional Fitness Equipment Market Segmentation
The global functional fitness equipment market is segmented based on product type and application type.
Based on product type, the market is segmented into,
Medballs
Bars and Plates
Flat Bench
Squat Rack
Rowing Machine
Kettle-bells and Dumbbells
Accessories
Based on application, the market is segmented into,
Health Clubs
Home/Individual
Hotels
Hospitals
Corporate Offices
Others
Global Functional Fitness Equipment Market Regional Analysis
It is estimated for the region of US to drive the growth of the market during the forecast period. The growing in the technological advancements in the food sector in the region is estimated to foster the growth of the market during the forecast period. The region of Europe is estimated to witness growth at a healthy rate during the forecast period. The Asia Pacific region is also estimated to witness a notable growth rate in the market
Global Functional Fitness Equipment Market Key Market players
XFit Brands, Brunswick, Total Gym Global, Escape Fitness, Hampton Fitness, Torque Fitness, Johnson Health Tech, Technogym, Precor, and Concept2 are some of the market players that are driving the growth of the market during the forecast period.
