Today, owing to hectic work schedules and stressful life, the health-related issues have increased across the world. Health circumstances including diabetes, cholesterol, obesity and other diseases have turn out to be common among people and these actualities ensue in mounting preferences for healthy and fit lifestyle. These days, people are opting for the prevention of health diseases via diverse means of fitness exercises including yoga, reiki, aerobics. Apart from that, strength training is a prevalent fitness technique especially for young aspirant to maintain a healthy body and attain the benefits including overall weight management, improved physical stamina, and developed muscular strength.
Strength training is fundamentally exercised by means of several equipment including weights, hydraulic equipment, functional trainers, and other such equipment. The rising awareness regarding health and fitness, increasing youth population and government initiatives for encouraging good health are the major driving factors in the global strength training equipment market.
No Pain, No gain – Obstacles
Though, the strength training equipment market has shown a promising growth, the industry encounters numerous hurdles in its way.
Compared to variant fitness training techniques, strength training encompasses high cost essentially the equipment exercised on are very expensive. Thus, the expensive nature of strength training equipment constraints their purchase by individual users who desire to have a home-gym. The high cost of equipment allows only the high-income group to use them for individual usage. This is the foremost challenge impeding the growth of strength training market.
Further, the other fitness techniques including yoga, reiki and aerobics are attaining high concentration of consumers due to several advantages they deliver. Reiki helps in improving concentration, and yoga helps in staying healthy and stress-free. Apart from benefits offered by these forms of exercises, some people fear injury while using strength training equipment.
In addition to similar forms of exercise, strength training equipment market faces challenge due to the availability of second-hand products. Consumers often prefer purchasing used equipment as they cost lower than new ones. This situation limits the growth of strength training equipment market.
The equipment exercised for strength training comprises of advanced technology. Thus, it entails an expert trainer to guide on operating equipment. The number of trainers are less than the number of fitness centres and clubs around the world. The lack of expert trainers, especially in developing countries, inhibits many consumers from joining gyms and wellness clubs.
Technavio Research Report
A comprehensive study is done by Technavio – a market intelligence firm – on the global Strength Training Market to provide detailed insights of the market to firms in the associated industry. The report contains a detailed analysis of key trends, challenges, vendors and other aspects to help firms in global strength training equipment market.
