000 fitness businesses Archives - Athletech News https://athletechnews.com/tag/000-fitness-businesses/ The Homepage of the Fitness & Wellness Industry Wed, 04 Dec 2024 18:13:55 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.1 https://athletechnews.com/wp-content/uploads/2021/08/ATHLETECH-FAVICON-KNOCKOUT-LRG-48x48.png 000 fitness businesses Archives - Athletech News https://athletechnews.com/tag/000-fitness-businesses/ 32 32 177284290 Fitness Equipment Market to Expand by Over $8 Billion by 2030 https://athletechnews.com/fitness-equipment-market-to-expand-by-over-8-billion-by-2030/ Thu, 14 Nov 2024 09:52:00 +0000 https://athletechnews.com/?p=109404 Rising health awareness, the popularity of home fitness, and technological advancements are key drivers in the market’s projected growth over the next six years The global fitness equipment market is on a trajectory of significant growth, according to a new report from ResearchAndMarkets.com. The report provides an in-depth analysis of market dynamics, trends and forecasts,…

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Rising health awareness, the popularity of home fitness, and technological advancements are key drivers in the market’s projected growth over the next six years

The global fitness equipment market is on a trajectory of significant growth, according to a new report from ResearchAndMarkets.com. The report provides an in-depth analysis of market dynamics, trends and forecasts, highlighting a robust expansion from USD $17.01 billion in 2023 to an anticipated USD $25.17 billion by 2030.

The market, which saw a valuation of USD $17.97 billion in 2024, is expected to continue growing at a compound annual growth rate (CAGR) of 5.75% through the forecast period. This growth is driven by increasing global health consciousness, a rise in the number of gyms and fitness clubs and a growing demand for advanced fitness equipment.

The report notes that the prevalence of chronic diseases and obesity is prompting more individuals to adopt healthier lifestyles, further fueling the demand for fitness equipment. Additionally, the integration of smart technology into fitness equipment is changing the industry, offering consumers enhanced workout experiences.

Regional Insights

The Americas, particularly the United States and Canada, remain significant markets for fitness equipment, bolstered by high health awareness and technological advancements in connected fitness devices. Europe follows closely, with countries like Germany, France, Italy, Spain and the UK leading the market due to a growing emphasis on the health benefits of regular exercise.

In the Middle East and Africa, rising disposable incomes in countries like the UAE and Saudi Arabia are driving demand for premium fitness equipment. The Asia-Pacific region, especially China, is poised for substantial growth due to rapid urbanization, increasing disposable incomes, and government investments in gym facilities. Japan’s aging population is also contributing to the market, with a growing focus on healthcare initiatives that emphasize physical exercise.

Market Challenges & Opportunities

Despite the optimistic outlook, the market faces challenges, including the high cost of fitness equipment and the availability of counterfeit products. However, the increasing popularity of home fitness equipment, driven by busy lifestyles and the desire for convenience, presents significant opportunities. The report highlights that companies are actively investing in research and development to overcome these challenges and cater to the growing demand for innovative and technologically advanced fitness equipment.

Several noteworthy developments in the fitness equipment market were highlighted in the report:

  • Chris Hemsworth’s Centr has launched 27 new products, including fitness kits and strength training equipment, available online and in Walmart stores. These products are designed with a modern aesthetic, complementing Centr’s digital membership tools.
  • Luton Sports Village has invested £175,000 in new cardio equipment to enhance customer experience, introducing state-of-the-art machines like the Hammer Strength HD Tread curved treadmill and Air Bike.
  • TRX’s acquisition of YBell Fitness has expanded its product range, offering a more comprehensive functional training experience. This strategic acquisition reinforces TRX’s commitment to providing high-quality fitness equipment and education.

The report provides detailed segmentation analysis, market dynamics and insights into the competitive landscape. Key areas of focus include:

  • Product Utilization: Increased demand for strength training equipment.
  • Distribution Channels: A shift towards online retail stores as consumers seek convenience.
  • End-User Application: Expanding use of fitness equipment in fitness centers and gyms.

The report also delves into market disruptions, technological advancements, pricing and regulatory frameworks, offering a comprehensive view of the global fitness equipment market.

For more detailed information about the report, visit ResearchAndMarkets.com.

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Survey Reveals How Much Americans Are Willing to Spend for a Longer Life https://athletechnews.com/survey-for-a-longer-life/ Thu, 05 Sep 2024 17:38:07 +0000 https://athletechnews.com/?p=110668 Fast food and soda top the list of sacrifices Americans are willing to make for longevity, while some habits remain hard to break A recent survey conducted by Forbes Health and Talker Research has shed light on the financial and lifestyle sacrifices Americans are willing to make to extend their lives. With 81% of respondents…

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Fast food and soda top the list of sacrifices Americans are willing to make for longevity, while some habits remain hard to break

A recent survey conducted by Forbes Health and Talker Research has shed light on the financial and lifestyle sacrifices Americans are willing to make to extend their lives.

With 81% of respondents expressing a willingness to spend money on amping up their longevity, the findings highlight a growing awareness of intergenerational health and wellness and could be useful information for fitness industry forecasting.

Willingness to Pay for More Time

The survey, which was reported in Forbes and polled 2,000 U.S. adults, found that the average person values an additional year of healthy life at $5,285. However, the amount varies significantly by generation. Gen Z participants, the youngest group surveyed, indicated they would spend an average of $7,856 per healthy year, the highest of any generation. In contrast, baby boomers were more conservative, willing to spend an average of $3,734.

This widespread willingness to invest in longevity spans generations, with 85% of Gen Z, 84% of millennials, 79% of Gen X and 81% of baby boomers reporting they would pay to extend their healthy years.

Beyond financial investment, the survey also explored what lifestyle changes Americans are willing to make for a longer life. A majority of respondents indicated they would give up fast food (68%), soda (65%) and ultra-processed foods (62%) in exchange for a healthier tomorrow. On the other hand, fewer were willing to give up meat (41%), cigarettes (46%) or alcohol (56%).

Despite these results, a significant portion of participants remain attached to certain habits, with 43% continuing to smoke cigarettes and 56% refusing to give up meat.

Health Spending Priorities

While luxury offerings like Equinox’s $40,000 annual membership may be out of reach for many, the survey revealed that Americans are still prioritizing spending on health and wellness. Healthy foods emerged as the highest monthly expenditure, with respondents spending an average of $68 per month. Other areas of spending included $59 for talk therapy, $56 for personal trainers, and $50 for fitness classes.

However, the survey also highlighted areas where Americans are less inclined to invest. A significant percentage of respondents reported not spending money on personal trainers (67%), nutritionists (64%) or gym memberships (58%).

Still, the survey suggests that Americans are more interested in prioritizing their health, and the willingness to invest in longevity—both financially and through lifestyle changes—is evident. Arguably, the findings provide a snapshot of how much people are willing to sacrifice for the possibility of a healthier lifespan.

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