Global Aqua Gym Equipment Market 2017-2021
About Aqua Gym Equipment
Aqua gym equipment include all gym equipment is used by consumers in the water. These equipment include treadmills, elliptical trainers, weights, steppers, bikes, webbed gloves, aqua noodles, belts, cuffs, and dumbbells.
Technavio’s analysts forecast the global aqua gym equipment market to grow at a CAGR of 2.45% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global aqua gym equipment market for 2017-2021. To calculate the market size, the report considers the sales value of the global aqua gym equipment market.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Aqua Gym Equipment Market 2017-2021
Technavio recognizes the following companies as the key players in the global aqua gym equipment market: aqua-fitness, Aquajogger, Aqua Lung International, Speedo International, and Sprint Aquatics.
Other Prominent Vendors in the market are: Aquapole, BECO-Beermann, Black Lagoon Products, FINIS, HYDRO-FIT, N-FOX, and Texas Rec.
Commenting on the report, an analyst from Technavio’s team said: “One of the important trends in the global aqua gym equipment market is technological innovation in traditional fitness product features. This trend can have a negative impact on the global aqua gym equipment market. Active vendors have come up with innovative and technologically advanced products.”
According to the report, one of the major drivers for this market is growing urbanization. The global population is shifting from rural to urban and semi-urban areas rapidly. Rapid urbanization has led to changing lifestyles and higher stress levels, leading to an increased demand for fitness equipment such as aqua gym equipment. This is true for both developed and developing countries like Brazil, China, and India.
Further, the report states that one of the major factors hindering the growth of this market is intense rivalry among market competitors. Price wars are one of the major challenges faced by the vendors in the global aqua gym equipment market. Currently, the price of high-performing aqua gym equipment is high. Despite an increase in the cost of raw materials, several competitors are trying to provide products at lower prices to increase their market shares. Consequently, competitors are facing difficulties due to reduced margins.
aqua-fitness, Aquajogger, Aqua Lung International, Speedo International, Sprint Aquatics, Aquapole, BECO-Beermann, Black Lagoon Products, FINIS, HYDRO-FIT, N-FOX, and Texas Rec.