Aqua Gym Equipment Market was worth at USD 512.9 million in 2018 and it is expected to grow with a CAGR of 5.01% over the forecast years. Increasing consciousness regarding physical appearance is the primary factor driving the growth of the market.
Increasing awareness among
consumers about the importance of healthy lifestyles has positively
affected the market growth. There has been a significant rise in consumers’
spending on personal well-being. The sale of gym equipment for both commercial
and personal use is increasing. Aqua gyms are getting more traction among the
urban populations than rural ones. These exercises are capable of burning over
400 calories in an hour and are popular among people who want to get into the
shape.
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The key driving factors responsible for the growth of Aqua Gym
Equipment market :
Growing fitness drive from
corporate and government are encouraging people to spend more on the fitness
equipment. The number of people joining fitness centers, aqua gyms and regular
gyms has increased considerably over the past years. Leading corporates companies
such as Google, Microsoft, IBM and others regularly conduct fitness sessions to
boost the overall health of their employees. This ongoing trend centered on
fitness is expected to proliferate the market growth over the forecast period.
Further, rising obesity across
the globe is projected to positively drive the aqua gym equipment market. In
the United States alone, nearly 70% of adults are obese. Thus, the rising
number of obese population and growing awareness about the ill effects of
obesity are set to propel the market growth. Water-based gyms are an effective
way to lose weight. Moreover, water exercise is popular as a fun activity among
working professionals. Further, old-age people are opting for these workouts to
treat joint and arthritis problems. Aqua aerobics is known to cure joint
problems quicker than medicines. Moreover, water helps in reducing the weight
of individuals by nearly 90%, thereby making it easy for them to perform
exercises.
Product Type Insights
The cardiovascular aqua gym
equipment accounted for the largest market share, in 2018. This segment held
over 60% of the market share, in the same year. This equipment reduces fats and
calories that help in weight reduction. Further, this equipment help in
reducing the heart pressure by pumping the blood to the veins. Cardio expert
asserts that aqua gyms increase an individual’s lung capacity. Thus, people
suffering from cardio diseases are opting for aqua gym equipment mostly on
doctor’s recommendations.
Strength training equipment is
likely to grow with a CAGR of 6.24% over the forecast period. Exercises such as
carioca, rotational wake, and sideways board shuffle are gaining traction owing
to their ability to increase the strength. Moreover, people are less prone to
injuries as underwater weight feels less than actual.
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