Aqua Gym Equipment Market Analysis Report By Product, By Distribution Channel And Segment Forecasts From 2019 To 2025

Industry Insights

The global aqua gym equipment market was worth USD 512.9 million in 2018 and it is expected to grow with a CAGR of 5.01% over the forecast years. Increasing consciousness regarding physical appearance is the primary factor driving the growth of the market.

Increasing awareness among consumers about the importance of healthy lifestyles has positively affected the market growth. There has been a significant rise in consumers’ spending on personal well-being. The sale of gym equipment for both commercial and personal use is increasing. Aqua gyms are getting more traction among the urban populations than rural ones. These exercises are capable of burning over 400 calories in an hour and are popular among people who want to get into the shape.

Growing fitness drive from corporate and government is encouraging people to spend more on fitness equipment. The number of people joining fitness centers, aqua gyms, and regular gyms has increased considerably over the past years. Leading corporate companies such as Google, Microsoft, IBM, and others regularly conduct fitness sessions to boost the overall health of their employees. This ongoing trend centered on fitness is expected to proliferate the market growth over the forecast period.

Further, rising obesity across the globe is projected to positively drive the aqua gym equipment market. In the United States alone, nearly 70% of adults are obese. Thus, the rising number of obese population and growing awareness about the ill effects of obesity is set to propel the market growth. Water-based gyms are an effective way to lose weight. Moreover, water exercise is popular as a fun activity among working professionals. Further, old-age people are opting for these workouts to treat joint and arthritis problems. Aqua aerobics is known to cure joint problems quicker than medicines. Moreover, water helps in reducing the weight of individuals by nearly 90%, thereby making it easy for them to perform exercises.

Product Type Insights

The cardiovascular aqua gym equipment accounted for the largest market share, in 2018. This segment held over 60% of the market share, in the same year. This equipment reduces fats and calories that help in weight reduction. Further, this equipment help in reducing heart pressure by pumping blood to the veins. Cardio expert asserts that aqua gyms increase an individual’s lung capacity. Thus, people suffering from cardio diseases are opting for aqua gym equipment mostly on doctors’ recommendations.

Strength training equipment is likely to grow with a CAGR of 6.24% over the forecast period. Exercises such as carioca, rotational wake, and sideways board shuffle are gaining traction owing to their ability to increase strength. Moreover, people are less prone to injuries as underwater weight feels less than actual.

Distribution Channel Insights

The specialty store accounted for the largest market share of 34.89%, in 2018. These stores hired trained individuals with sound knowledge about the equipment and its use. The growing popularity of specialty stores is attributed to the availability of a wide range of equipment. Additionally, these stores provide aftersales support.

Online stores are expected to exhibit a CAGR of 6.86% during the forecast period. A large number of consumers, especially millennials, are opting for online purchasing of equipment. Availability of a wide range of equipment, easy purchasing options, and discounts are boosting the online sale. Further, rapidly increasing e-commerce platforms are aiding the growth of the market.

Regional Insights

North America accounted for the largest share with over 40%, in 2018. Factors such as, increasing awareness among consumers and changing priorities where medicine-free life is getting traction, are driving the growth of the market in the region. Moreover, consumers’ spending on health and fitness has surged considerably in the recent past.

Asia Pacific is projected to exhibit the fastest CAGR of 6.58% among all regions over the forecast period. Rising health awareness among consumers and increasing purchasing power is propelling the growth in this region. Among all Asian Pacific countries, China held the largest market share, in 2018 and its market share is expected to reach USD 63.8 million, by 2025.

COVID-19 Impact Insights

The fitness industry has been at receiving end ever since the outbreak of COVID-19. Gyms, fitness clubs, and stores selling fitness equipment have been closed in several parts of the world to arrest the spread of COVID-19. Aqua gym, in particular, is more prone to COVID-19 spread as maintaining the proper social distancing and hygiene can be challenging. Therefore, the industry has witnessed a considerable decline in the second and third quarters of 2020. Nonetheless, with restrictions in lockdown norms, aqua gyms have resumed their operations, albeit with some restrictions. However, the industry would continue to witness sluggish growth until the full operation of aqua gyms is resumed.

Aqua Gym Equipment Market Share Insights

Leading players operating in the market include TEXAS REC, AquaJogger, BECO-Beermann GmbH & Co., PlayCore, Inc., and HydroWorx among others. They are emphasizing product innovation to strengthen their market presence. In addition, companies are also focusing on innovative promotion strategies to boost their sales. For example, in 2017, Aqua-Aerobic Systems, Inc. conducted a seminar to educate consumers about different equipment.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2025. For this study, Million Insights has segmented the global Aqua gym equipment market report based on product type, distribution channel, and region:

• Product Type Outlook (Revenue, USD Million, 2015 - 2025)
    • Cardiovascular
    • Strength Training
    • Others

• Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)
    • Department Stores and Supermarkets
    • Specialty Store
    • Online
    • Others

• Regional Outlook (Revenue, USD Million, 2015 - 2025)
    • North America
        • U.S.
    • Europe
        • Germany
        • U.K
    • the Asia Pacific
        • China
        • India
    • Central & South America
    • Middle East & Africa