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Technavio’s market research report predicts that the global strength training equipment market will grow at a CAGR of above 2% during the forecast period. Growing preference for a healthy and fit lifestyle is one of the primary drivers for the market growth. Busy work schedules and rising health issues are the driving factors for daily exercise to stay fit and ward off health complications like diabetes, high cholesterol, and obesity. Countries like India and China are largely affected by type 2 diabetes due to increasing obese population and physical inactivity amongst people. Moreover, the occurrences of rising cholesterol levels in regions like the US and the UK due to the intake of saturated fats drives the need for the strength training equipment market in the future.
In terms of geography, the Americas led the global strength training equipment market during 2016 and is expected to continue its dominance for the next four years. The main contributing factor to the region’s growth is the rise in the number of health conscious people and a growing number of home gyms. Moreover, the US has the biggest market in the Americas due to factors like increasing product innovation, increase in aging population, and rising health issues, which propel the growth of the market in the region.
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 product
PART 07: Market segmentation by end-user
PART 08: Market segmentation by distribution channel
PART 09: Geographical segmentation
PART 10: Key leading countries
PART 11: Decision framework
PART 12: Drivers and challenges
PART 13: Market trends
PART 14: Competitor landscape
PART 15: Key competitor analysis
PART 16: Appendix
Tags: consumer and retail market forecast, consumer and retail industrial growth, consumer and retail market growth, workout equipment, weight training equipment, weight lifting machines, strength training machines, strength equipment,
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