LONDON–(BUSINESS WIRE)–Oct 31, 2018–The global outdoor gym equipment market 2018-2022 is expected to post a CAGR of close to 6% during the forecast period, according to the latest market research report by .
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181031005472/en/
Technavio predicts the global outdoor gym equipment market to post a CAGR of close to 6% by 2022. (Graphic: Business Wire)
A key factor driving the growth of the market is the increasing awareness of diabetes and obesity. The global outdoor gym equipment market is driven by the awareness of the benefits of a healthy lifestyle. Hectic work schedules and health problems like diabetes and obesity encourage people to opt for daily exercise to remain healthy and avoid health concerns. Regularly working out helps in burning calories and staying fit. At present, diabetes has become a very common disease even among the youth. It is one of the leading causes of death in the US. Organizations like CDC have been spreading awareness of health conditions like diabetes. They also suggest diabetic people healthy eating plans and encourage them to become physically active, regularly test their blood sugar levels, and stay in constant touch with doctors. Initiatives like these motivate people to go out and start training.
This market research report on the also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
In this report, Technavio highlights the adoption of strategic wellness initiatives by governments and non-profit organizations as one of the key emerging trends in the global outdoor gym equipment market:
Global outdoor gym equipment market: Adoption of strategic wellness initiatives by governments and non-profit organizations
With the growing preference for a total workout instead of normal jogging in parks, outdoor gyms are becoming very popular among the masses. These outdoor gyms are called playgrounds for adults where they can train and exercise like gyms.
“Governments all-round the world are promoting the benefits of regular exercise and physical activities by introducing more outdoor gyms.” says a senior analyst at Technavio.
Global outdoor gym equipment market: Segmentation analysis
This market research report segments the global outdoor gym equipment market by application (public outdoor establishments and private outdoor establishments) and geographical regions (APAC, EMEA, and the Americas).
EMEA led the market in 2017 with a market share of more than 40%, followed by APAC and the Americas respectively.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market segmentation analysis
Market size and forecast
Five Forces Analysis
Key leading countries
Market positioning of vendors
is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at .
View source version on businesswire.com:https://www.businesswire.com/news/home/20181031005472/en/
CONTACT: Technavio Research
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
INDUSTRY KEYWORD: HEALTH FITNESS & NUTRITION
SOURCE: Technavio Research
Copyright Business Wire 2018.
PUB: 10/31/2018 10:03 AM/DISC: 10/31/2018 10:03 AM