Global Gymnastics Equipment Market – Post-Pandemic Recovery Plan, Strategies & Process | Heightened Awareness of Healthy Lifestyle to Drive Market Growth | Technavio


LONDON–(COMMERCIAL THREAD) – The global Gym Equipment market size is expected to grow by USD 12.68 million during the period 2020-2024. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. We expect the impact to be significant in the first quarter, but to gradually ease over the following quarters, with limited impact on full-year economic growth.

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The increase in sedentary lifestyles and physical inactivity exposes individuals to various health problems such as anxiety, obesity, type 2 diabetes and osteoporosis. As a result, people increasingly seek healthy lifestyles. In addition, social media plays a central role in raising awareness of healthy lifestyles and ways to achieve it through various fitness and workout activities such as gymnastics. Gymnastics offers several benefits such as better coordination and body awareness and increased strength of the abdominal muscles. Strengthening these muscles can help relieve back pain, which is a common disease in today’s generation. Thus, the growing awareness of healthy lifestyle is expected to drive the growth of the Gym Equipment Market.

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According to Technavio, the growing popularity of e-commerce channels will positively impact the market and contribute significantly to its growth during the forecast period. This research report also analyzes other important trends and market drivers that will influence the market growth in 2020-2024.

Gym Equipment Market: Growing Popularity of E-Commerce Channels

The growing popularity of e-commerce channels is one of the major trends seen in the global gymnastics equipment market. Online sales of gymnastics equipment have grown significantly over the past decade due to the efforts of retailers and manufacturers to educate customers, streamline the online retail process, provide better after-care services. sales and targeted marketing campaigns. The increasing penetration of smartphones and internet in the world will further increase the sale of gymnastic equipment through online portals, thus driving the growth of the market.

“Other factors such as the high prevalence of gymnastics associations and the increase in disposable income in emerging economies will have a significant impact on the growth in the value of the gymnastics equipment market during the forecast period,” said a senior analyst at Technavio.

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Gymnastics Equipment Market: Segmentation Analysis

This market research report segments the gymnastics equipment market by distribution channel (offline and online) and by geography (North America, Europe, APAC, South America and MEA).

The North America region dominated the gymnastics equipment market in 2019, followed by Europe, APAC, South America and MEA respectively. During the forecast period, the APAC region is expected to register the highest incremental growth due to factors such as increasing young population, increasing disposable income and growing awareness of the need for invest in health and fitness activities.

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Some of the main topics covered in the report include:

Market factors

Market challenges

Market trends

Supplier landscape

  • Covered suppliers

  • Supplier ranking

  • Positioning of sellers in the market

  • Competitive scenario

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Technavio is one of the world’s leading technology research and consulting companies. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions.

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