Enjoy complimentary customisation on priority with our Enterprise License!
As per the Technavio's market research report, the global military fitness training equipment market is predicted to grow at a CAGR above 2% during the forecast period. One of the primary drivers for the market's growth is the growing importance of professional and personal fitness benefits. Numerous defense authorities are undertaking measures to offer advanced fitness equipment to motivate the soldiers to work out regularly. Benefits like low rate of injury, reduction in healthcare costs, improving physical strength, and better physical and mental fitness, drive the soldiers to regularly use exercise equipment. Also, soldiers often undergo military trainings and physical tests as a part of promotions, which increases the focus of soldiers on physical strength development for professional and personal benefits.
One of the latest trends that will gain traction in the military workout equipment market is the technological advancements in the fitness industry. To cater to the rising demand, manufacturers will start introducing technologically advanced fitness equipment that offer better performance and improved safety. For instance, the cardio-aerobic exercise equipment raises the heart rate and exercises the major muscles in a rhythmical way, encouraging soldiers to work out regularly. Furthermore, the availability of time-saving fitness equipment that reduces the time spent on fitness training will also boost market growth.
Characterized by the presence of several global, regional, and local players, the market for the military fitness training equipment is highly competitive and vendors usually compete based on factors such as cost, product quality, reliability, and aftermarket service. The key factors like intense competition, technological advancements, changes in government policies, and environmental regulations challenge the growth of the market. To survive in this intensely competitive market, fitness training equipment manufacturers should have in-house manufacturing capabilities, global footprint network, product offerings, R&D investments, and a strong client base, which will enable them hold a key position in the market.
Key vendors in the market are:
Other prominent vendors include Greenfields Outdoor Fitness, MoveStrong, TriActive America, and Fitness Anywhere.
During 2016, the mobile fitness equipment segment led the global market and is expected to lead the market during the next four years as well. The growth of this segment is mainly due to the rise in demand for mobile military training equipment for soldiers deployed in far-fetched warzones. Factors like the advancement of internet-based training modules for the soldiers and the rising need for soldiers to stay fit during severe conditions, will also drive the growth of the mobile military fitness training equipment segment in the coming years.
In terms of geography, the global military fitness training equipment market was dominated by the Americas during 2016. The US is one of the key contributors to the growth of the market in this region. The US Army provides both initial and regular training sessions for its troops and is frequently collaborating with other countries to suppress terrorism. This demands the need for effective operational performance at different military bases, which in turn, creates the need for the troops to undergo rigorous training using advanced military fitness machines.
Technavio also offers customization on reports based on specific client requirement.
With countries across the world increasingly focusing on expanding their military strength and improving the quality of their fitness equipment, the coming years will witness an increased demand for military fitness training equipment. As a result, the market's competitive environment will be quite intense and vendors will have the need to deduce and follow effective strategies to increase their market shares. Aimed at helping clients in the aerospace and defense industry enhance their revenue shares, the market research firm Technavio analyzes various parameters including the emerging trends in the industry, factors that challenge the growth of vendors, and the shift in customer preferences. Additionally, to help clients gain a competitive advantage, our reports also provide detailed information on vendors including AARDVARK, BAE Systems, General Dynamics, Euro Security Products, MARCH, Nova Security, Lockheed Martin, LISI Aerospace, and Raytheon who hold dominant positions in the industry's regional and global markets.
To identify the industry's growth prospects that will aid clients in deducing effective growth strategies, our market research experts follow a mix of proven research techniques and gather information on various parameters including the demand for various products and services and the market size across different geographical regions. With an in-depth analysis about investments made by leading market players towards R&D and technological advancements that can be adopted by vendors, Technavio's upcoming market research report on military fitness training equipment for the forecast period of 2017 to 2021 will help businesses understand the constantly changing landscape of the aerospace and defense industry.
This upcoming report on military fitness training equipment also considers the growth of the similar markets such as fitness equipment that will grow at a CAGR of about 4% by 2020 and smart wearable fitness and sports devices and services , which is expected to grow at a CAGR of more than 25% and 38%, respectively by 2020. According to our experts, the rise in outdoor activities and the focus of governments across the globe towards improving the quality of the fitness equipment will be major factors fuelling the growth of the market. To help businesses in the industry enhance their revenue shares, Technavio also provides customized reports based on the client's requirements.
The upcoming industry research report on military fitness training equipment also identifies the key drivers, emerging trends, as well as the challenges that are currently experienced by vendors in the industry. Additionally, the report also presents detailed insights into the changing competitive landscape and will give a realistic picture of the future direction of the aerospace and defense industry.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by equipment type
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Key vendor analysis
PART 15: Appendix
Tags: fitness equipment, physical fitness, defense department, defense aerospace, aerospace and defense market share, defense top companies,
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.