LONDON--(EON: Enhanced Online News)--According to the latest market study released by Technavio, the global strength training equipment market is expected to grow at a CAGR of more than 2% during the forecast period.
“Plastic weight plates are suitable for use by beginners, but are not recommended for professionals. This is because the thickness of plastic weight plates restricts the amount of weight that can be placed on the barbell”
This research report titled ‘Global Strength Training Equipment Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This report also includes an up to date analysis and forecasts for various market segments and all geographical regions.
According to Arushi Thakur, an industry manager at Technavio for retail goods and services research, “Strength training equipment, when used on a regular basis, helps in reducing many diseases and chronic conditions like arthritis, diabetes, osteoporosis, heart disease, obesity, and back pain. Factors such as increasing consumer awareness about staying healthy and the importance of weight bearing exercises are driving the market for strength training equipment.”
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The market research analysis categorizes the global strength training equipment market into three major product segments:
- Hydraulic equipment
- Functional trainers
Global strength training weights market
Strength training weights include weight plates, dumbbells, kettlebells, and barbells. These weights help in strength training in a free range of motions that one controls while lifting the weights. Weights are the most widely used strength training equipment because of their affordable prices and the quick benefits that they offer.
The weights of weight plates range between 2.5 pounds and 100 pounds. Mostly, they are made up of iron, however, plastic weight plates are also available, especially for use in home gyms. Iron made weight plates are found in commercial gyms. Common types of iron weight plates are Olympic weight plates for Olympic barbells and standard weight plates for the one-inch thick standard-sized barbells.
“Plastic weight plates are suitable for use by beginners, but are not recommended for professionals. This is because the thickness of plastic weight plates restricts the amount of weight that can be placed on the barbell,” says Arushi.
Global strength training hydraulic equipment market
Strength training hydraulic equipment offers multiple benefits including bi-directional resistance. Such resistance creates a push or pull effect, which in turn, allows more muscles to be used while exercising with this equipment. It also accelerates the body’s metabolic activity and calorie burn, making the workout intense and fruitful. Additionally, this equipment requires less floor space than others, allowing more room for other equipment like cardio or functional training pieces. The use of hydraulic equipment helps sportspersons develop power, lean muscle endurance, and core stability.
Global strength training functional trainers market
Functional trainers are one of the core machines used for strength training. These are multi-functional machines that can be used for a complete body workout. These are used for multiple types of exercises including rehabilitation and sports-specific applications and are one of the most basic and versatile cable machines. Functional trainers have two adjustable arms that accommodate high or low training positions. As functional trainers can be used for training at any speed without any impact, they are popular among fitness enthusiasts for many different applications. The functional trainers segment is expected to grow at the fastest rate among all the other segments because as they can be used for full body workout.
The top vendors highlighted by Technavio’s consumer and retail market research analysts in this report are:
- Cybex International
- ICON Health and Fitness
- Paramount Health Group
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Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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