Industry Insights
Growing consumer awareness regarding healthy lifestyle and physical appearances. Rising pressure of hectic lifestyles among leads to serious health conditions such as high or low blood pressure, diabetes, and obesity to name a few. Aqua gym can reduce these problems as the workouts help reduce tension and also serve as a relaxing activity. Water gym also provides resistance as people move through it, which allows to work out vigorously with little chance of injury. Elderly prefer water fitness due to less probability of injuries. The exercise also helps cure hip and knee joint problems, especially among geriatric population.
North America is the largest market for aqua gym equipment. In 2018, it accounted for more than 40% of the global market. Gradually increasing health consciousness among a large number of U.S. population is anticipated to bode well for regional growth. Sales of floating fitness mats and water cycling has increased due to rising customers across the country. As per a New York based aqua fitness company AQUASTUDIO, aqua cycling has the ability to burn up to 600 calories in one hour.
The aqua gym equipment market is competitive in nature with the presence of many small and large players. Some of the major companies are PlayCore, Inc.; AquaJogger; Acquapole sas; TEXAS REC; Hydro Fit Inc.; BECO-Beermann GmbH & Co. KG; Be Aqua Pte Ltd; Aqua Gear Inc.; HydroWorx International, Inc.; and others. Equipment manufacturers are working on product innovation and development to attract more customers. Weight loss product manufacturer VACUACTIVUS has launched five aqua weight loss equipment to get aqua gym customer base in the market.
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Corporate companies and government organizations are launching various initiatives and are continually encouraging people to invest in fitness equipment. Thus, people join different physical activity centers such as regular gyms, aqua gyms, regular and aqua aerobic classes, among others to boost strength and lead a healthy lifestyle. Companies such as Unilever; Nike Inc.; Google; Microsoft; Zappos; Rodale Inc.; Genetech, Inc.; SAS; and Twitter encourage their employees to lead a healthy lifestyle. Additionally, such companies host a health and wellness zone within their premises, encouraging employees to spend on healthy living.
Product Type Insights
Strength training equipment segment is expected to expand at a CAGR of 6.24% from 2019 to 2025. Small water workouts, such as high knee sideways march, carioca, sideways broad shuffle, and rotational wake, have been observed to help increase strength quickly. People feel lighter in water, which reduces the chances of injury during strength training as well.
Distribution Channel Insights
The online category is anticipated to expand at a faster CAGR of 6.86% over the forecasted period. Consumers are more inclined to purchase gym equipment from an online store due to the doorstep delivery system. Online purchase reduces the purchase time and allows easy product comparison in reduced time, which is anticipated to bode well for segment growth over the forecast period.
Regional Insights
Asia Pacific is anticipated to register the fastest CAGR of 6.58% from 2019 to 2025. Increasing consumer awareness about healthy lifestyle coupled with growing disposable income, especially in developing countries such as China and India is expected to boost the market. China is the largest market in Asia Pacific and is expected to reach USD 63.8 million in 2025. Some of the leading players operating in China are Wellphy (Shanghai) Industries Corp., Shandong Tianzhan Fitness Equipment Co. Ltd., and others.
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Report Scope
| Attribute | Details |
| Base year for estimation | 2018 |
| Actual estimates/Historical data | 2015 - 2017 |
| Forecast period | 2019 - 2025 |
| Market representation | Revenue in USD Million & CAGR from 2019 to 2025 |
| Regional scope | North America, Europe, Asia Pacific, Central & South America, Middle East & Africa |
| Report coverage | Revenue forecast, company share, competitive landscape, growth factors and trends |
| Country Scope | U.S., U.K., Germany, China, India |
| 15% free customization scope (equivalent to 5 analyst working days) | If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of customization |
