PORTLAND, 5933 NE WIN SILVERS DRIVE, UNITED STATES, October 24, 2023 /EINPresswire.com/ — Cardiovascular and strength training equipment are two major types of fitness equipment. Cardiovascular equipment held nearly 55% of the market revenue in 2015 and would continue to dominate the market throughout the analysis period. As per the data released by Public Health England, two-third of adults in the U.K. were overweight or obese in 2013. Moreover, increasing obese population in the European countries, such as the U.K., Germany, France, and others, drives the adoption of fitness equipment, especially cardiovascular fitness equipment. The number of fitness facilities in the U.K. have spiraled by nearly 3% during the period of 2013-2014, thereby fueling the demand for fitness equipment by health clubs in the region. quote
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Europe Fitness Equipment Market Report, published by Allied Market Research, forecasts that the European market is expected to garner $3.7 billion by 2022, registering a CAGR of 3.0% during the period 2016-2022. The U.K. is the largest fitness equipment market in Europe, followed by Germany. Increasing obese population would be the key growth propellant of the fitness equipment market in the European region.
Fitness trackers & monitors have gained substantial market in countries such as the U.K. and France. Further, it is gradually gaining acceptance among people in other countries of Europe. Among the end user segments of fitness equipment, home/individual users significantly drive the growth of the market, favored by increasing adoption due to growing fitness consciousness, particularly in Germany and France. The geriatric population in Germany prefer exercising at home, which boosts the cardiovascular fitness equipment market within the home user segment.
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Key Findings of Europe Fitness Equipment Market:
The U.K. would continue to dominate the market, accounting for more than one-fifths of the market size in 2022.
The market in France is dominated by home users; on contrary, health club segment leads the market in Germany
The cardiovascular equipment segment accounted for largest, i.e., more than 54% share of the market in 2015, and is projected to maintain this trend throughout the forecast period
The adoption of fitness equipment by home users is estimated to grow at a CAGR of 4.3% during the forecast period particularly due to growing fitness consciousness among geriatric population.
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