Posted By TMR Research Insights
Posted on October 11, 2021
Transparency Market Research delivers key insights on the global aqua gym equipment market. In terms of revenue, the global aqua gym equipment market is estimated to expand at a CAGR of 4% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in the global aqua gym equipment market report.
In this market report, TMR predicts that the global aqua gym equipment market would be largely driven by factors such as rising demand for at-home fitness equipment across the world. Moreover, the growing emphasis on health and fitness is expected to boost the demand for aqua gym equipment in the upcoming years.
Aqua Gym Equipment: Market Segmentation
The aqua gym equipment market report has been segmented based on type, consumer group, pricing, end use, and distribution channel. In terms of type, the market is divided into water weights and machines & equipment; the consumer group segment has been bifurcated into men and women. The pricing segment has been classified into high, medium, and low. The end use segment has been categorized into individual and commercial; the distribution channel comprises online and offline.
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The machines & equipment type segment accounted for a major share of the global market. The increasing adoption of aquatic therapy in athletics contributes majorly to the expansion of this segment, owing to increasing awareness about fitness and physical appearance. The segment is projected to expand at a significant rate in the near future.
Aqua machines and equipment are more popular as compared to water weights and accounted for a major share of the market. Aqua workouts such as aqua aerobics and aqua Pilates are becoming very popular in the world, as these simple and effective workouts help to strengthen the body and enhances daily life. Aqua exercises increase effectiveness and has a huge impact on workout. Traditional gym workout mostly becomes boring over a period, while aqua exercises have key elements of thrill and fun. Additionally, rising adoption of aqua therapy among arthritis patients helps to propel the demand for water weights and machines, which helps to propel the growth of the market.
The fitness industry is huge and is only likely to grow. The aqua gym equipment market is dominated by men, as most men are involved in sports and recreational activities as compared to women. Consumers are increasingly willing to pay for fitness programs and equipment. The aquatic therapy is attracting people due to the increasing popularity of its underwater exercise benefits. This is one of the major factors boosting the growth of the aqua gym equipment market.
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Aqua Gym Equipment Market: Prominent Regions
Presently, North America accounts for the largest share of the market, due to the presence of major and large manufacturers in the region, which is one of the prime factors for the dominance of the region in the aqua gym equipment market. The market in Asia Pacific is anticipated to grow rapidly during the forecast period. The increasing consumer awareness regarding healthy lifestyles, along with rising disposable income, especially in developing countries such as India and China leads to increasing adoption of fitness equipment, which helps the aqua gym equipment market to grow rapidly during the forecast period.
In North America, the U.S. is the largest market dominating the aqua gym equipment market in the region. Growing awareness about health and wellness and high standard of living are key factors impacting the increasing adoption of water weights and equipment, which, in turn, is boosting the demand for aqua gym equipment. The U.S. market is followed by the market in Canada. People are leaning toward aqua therapy due to its several health benefits.
Aqua Gym Equipment Market: Key Players
The competition landscape of the aqua gym equipment market is moderately fragmented with leading players accounting for majority of the revenue share. Key players operating in the global aqua gym equipment market include Acquapole SAS, Aqua Creek, Aqua Gear Inc., Be Aqua Pte Ltd, BECO Beermann GmbH & Co. KG, Hydro-FIT, HydroWorx International, Inc., PlayCore, Inc., Speedo International, and Texas Recreation Corporation.
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