The global military training equipment market is currently valued at USD around 1,278 million and is expected to surpass USD 1,404 million by 2021, says Technavio.
Technavio has announced its latest market research report on the global military fitness training equipment market, under its defense portfolio. This market analysis discusses the major drivers and key emerging trends and offers an analysis of key vendors like Life Fitness, Promaxima, Core Health & Fitness, and TECHNOGYM.
According to Avimanyu Basu, a lead analyst for defense research at Technavio, “Governments are initiating new regulations to bring in more number of women soldiers into military service. Such initiatives are resulting in the revision of fitness standards.”
Earlier, the role of women in military operations was limited to military medics and base operators, where they did not have any direct contact with war. However, major nations have initiated measures to allow women to serve combat roles in war zones. For instance, the fitness equipment provided to the women soldiers of the Australian Armed Forces during training exercises is of a similar standard to that of the tasks given to them.
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Emerging new technologies
Vendors are striving to bring in new innovative technologies to boost the sales of military fitness training equipment. For instance, a company named HYPOXI developed a wind training machine. Using advanced fitness equipment ensures greater safety. As a result, there is a rising demand for advanced fitness equipment, which is leading to the revenue growth of the market vendors.
Trend toward integration of software technologies to fitness equipment
OEMs in the global military fitness training equipment market are constantly investing in latest technologies that abide by military standards. One of such technologies is the integration of software solutions to fitness equipment that establishes a complete network-enabled exercise tracking system. Such next-generation fitness training equipment is anticipated to propel the demand for military fitness training equipment market during the forecast period.
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This research report includes an in-depth analysis and market shares and sizes of the sub-segments and geography. An analysis of the key companies, including their market shares, business overview, key financials, etc. is provided in this study. This market study also provides a detailed analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio report titled, ‘Global Military Fitness Training Equipment Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Smart Wearable Fitness and Sports Devices and Services Market 2016-2020
- Global Exercise Bike Market 2016-2020
- Global Agility Training Equipment Market 2016-2020
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