Fitness Equipment Market Segmentation:
Application Segment Analysis
The weight loss segment is estimated to gain the largest fitness equipment market share over the projected time frame. The growth of the segment can be attributed to the increasing prevalence of obesity and high levels of cholesterol. Obesity causes various medical problems such as heart disease, high blood pressure, diabetes, and sleep apnea. For instance, according to the World Health Organization in 2021, the number of adults aged 30-79 years with hypertension reached 1.28 billion. People are using fitness trackers that aim to measure blood pressure and weight loss journey parameters. People who are adopting a weight loss plan consider wearing a fitness tracker to set program reminders and monitor progress.
Product Type Segment Analysis
The fitness monitoring equipment segment is expected to garner a significant fitness equipment market share by 2035, due to the rising demand for monitoring physical activity. There is rising awareness of mental health and breaking a sedentary lifestyle. According to Harvard Medical School in July 2023, 1 out of every 2 people in the world is likely to develop a mental health disorder in their lifetime. Researchers suggest that exercise causes the brain to release “feel-good” chemicals such as serotonin and endorphins that are helpful in improving mood. Fitness trackers are becoming popular to help reduce stress by providing various features, such as breathing exercises. During the breathing exercise, fitness trackers measure the time the user spends in the calm zone.
Our in-depth analysis of the global fitness equipment market includes the following segments:
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