The aqua gym equipment market has recently benefited from the rapidly rising consumer awareness of healthy lifestyles. Consumer spending on health and well-being is increasing right now. Commercial sales and personal use of gym equipment have both increased. Aqua gyms are currently more common among urban residents. Exercises performed in an aquatic gym have been found to burn between 400 and 500 calories per hour, making them one of the quickest ways to get in shape.
According to Data Bridge Market Research, Aqua Gym Equipment Market is expected to reach USD 846.35 million by 2030, which was USD 590.60 million in 2022, registering a CAGR of 4.60% during the forecast period of 2023 to 2030
“Increasing awareness of water-based exercise surge market demand"
The increasing awareness of water-based exercise stems from the numerous advantages it offers. Exercising in water provides a low-impact workout, reducing joint stress and minimizing the risk of injuries. Additionally, the resistance provided by water challenges the muscles, leading to improved strength and cardiovascular fitness. As people become more aware of these benefits, the demand for aqua gym equipment has risen as individuals seek to incorporate water-based workouts into their fitness routines.
What restraints the growth of the aqua gym equipment market?
“High initial cost can impede the market growth”
The high initial cost of aqua gym equipment can be a significant restraint for individuals and fitness facilities. The specialized design and materials needed to withstand water resistance increase the price tag. This can deter potential buyers, especially in price-sensitive markets or those with limited budgets. Affordability becomes a concern, and some may opt for alternative fitness options or prioritize investments in other areas of their fitness facility, impacting the demand for aqua gym equipment.
Segmentation: Global Aqua Gym Equipment Market
The aqua gym equipment market is segmented on the basis of product type, type, machines and equipment, consumer group, pricing, end-use and distribution channel
- On the basis of product type, the aqua gym equipment market is segmented into cardiovascular, strength training, others
- On the basis of type, the aqua gym equipment market is segmented into water weights, water dumbbells, water barbells, ankle and wrist weights, others
- On the basis of machines and equipment, the aqua gym equipment market is segmented into aqua stepper, aqua cycle, aqua treadmill, aqua elliptical, aquatic walker, others.
- On the basis of consumer group, the aqua gym equipment market is segmented into men, women.
- On the basis of pricing, the aqua gym equipment market is segmented into low (below us$ 150), medium (us$ 150 to us$ 1000), high (above us$ 1000)
- On the basis of end-use, the aqua gym equipment market is segmented into individual, commercial.
- On the basis of distribution channel, the aqua gym equipment market is segmented into online, offline.
Regional Insights: North America Dominates the Global Aqua Gym Equipment Market
North America dominates the aqua gym equipment market because of this region's escalating demand for a drug-free way of life. The population's growing awareness of health issues and the region's rising disposable income will also contribute to the market's expansion.
Asia-Pacific is expected to be the fastest developing region during 2023-2030 because of growing consumer awareness of the benefits of healthy lifestyles, particularly in developing nations like China and India. In addition, the region's aging population, rising product innovation, and rising health concerns are all significant factors that will increase market demand.
To know more about the study, visit, https://www.databridgemarketresearch.com/reports/global-aqua-gym-equipment-market
Recent Developments in Global Aqua Gym Equipment Market
- In 2021, Swim teams and the Finnish Swimming Association, along with the sports merchant Intersport Sello, are partners of Speedo International. By expanding regional operations, this partnership aims to improve market position.
The Prominent Key Players Operating in the Global Aqua Gym Equipment Market Include:
- Acquapole S.a.s. (Italy)
- N-Fox Sport (U.S.)
- Beco Beermann GmbH & Co. KG (Germany)
- HydroWorx (U.S.)
- AquaPower (India)
- Syndicate Gym Equipment (India)
- Cosco (India) Limited.
Above are the key players covered in the report, to know about more and exhaustive list of aqua gym equipment market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Aqua Gym Equipment Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by dbmr research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, global vs regional and vendor share analysis. Please request analyst call in case of further inquiry.
