Overview of the global aqua gym equipment market

Technavio’s market research report predicts that the global aqua gym equipment market will grow at a CAGR of above 2% during the forecast period. Growth in online sales is one of the primary factors for market growth. In addition to the hectic work schedules and fast moving lifestyles, the lesser prices offered by online retailers have resulted in online shopping becoming the preferred choice for various customers. in addition to online portals such as Amazon and Alibaba providing aqua gym equipment, several international and national vendors such as Decathlon also offer aqua gym equipment on both their brick and mortar stores and online portals. Moreover, factors such as the increasing internet penetration and the rise in adoption of digital products such as tablets, smartphones, and laptops will improve online sales especially in the regions such as APAC, which will in turn, propel the market’s growth prospects.

In terms of geography, the Americas dominated the global aqua gym equipment market during 2016 and is expected to continue the domination over the next four years. The rise in health consciousness coupled with the rising number of aqua gyms and strength training areas, drives the growth of the market in the region. Moreover, factors such as innovation in products, the growth in aging population, and the rising health issues, will also propel the growth of the aqua gym equipment market in the region.

Competitive analysis and key vendors

The global aqua gym equipment market is competitive and consists of many established players offering an extensive range of products. Product innovation in developing countries with significant awareness and steady economic growth is foreseen to be the key trend in the market during the forecast period. The competition between the players is based on factors such as price, quality, brand, variety, and strategies to increase their market share. The growing competition with changes in technology and consumer preferences are observed as the major risk factors for the growth of the market players.

Key vendors in the market are:

• aqua-fitness
• Aquajogger
• Aqua Lung International
• Speedo International
• Sprint Aquatics

Other prominent vendors include Aquapole, BECO-Beermann, Black Lagoon Products, FINIS, HYDRO-FIT, N-FOX, and Texas Rec.

Segmentation by product and analysis of the aqua gym equipment market

• Cardiovascular aqua gym equipment
• Strength training aqua gym equipment

During 2016, the strength training aqua gym equipment segment dominated the global aqua gym equipment market and is expected to continue the domination over the next four years. The rising consumer awareness of staying healthy and the need for weight-bearing exercises, will be the major factors driving the growth of this market segment.

Segmentation by retail formats and analysis of the aqua gym equipment market

• Specialty stores
• Department stores, hypermarkets, and supermarkets
• Online retail

As per Technavio’s market research report, the specialty stores segment led the global aqua gym equipment market during 2016. The preference of specialty stores as the shopping destination for aqua gym equipment due to the availability of branded aqua gym equipment, will be the main contributor to the segment’s growth.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global aqua gym equipment market?
• What are the key market trends impacting the growth of the global aqua gym equipment market?
• What are the challenges to market growth?
• Who are the key vendors in the global aqua gym equipment market?
• What are the market opportunities and threats faced by the vendors in the global aqua gym equipment market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global aqua gym equipment market?

Technavio also offers customization on reports based on specific client requirement.