Global Gym Market (2020 to 2024) - Size & Forecast with Impact Analysis of COVID-19 - ResearchAndMarkets.com - Business Wire

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DUBLIN--(BUSINESS WIRE)--The "Global Gym Market: Size & Forecast with Impact Analysis of COVID-19 (2020-2024)" report has been added to ResearchAndMarkets.com's offering.

This report titled provides an in-depth analysis of the global gym market with description of market sizing and growth. The analysis includes market by value, by volume, by distribution channel and by region. Furthermore, the report also provides a detailed distribution channel and regional analysis.

Moreover, the report also assesses the key opportunities in the market and outlines the factors that are and would be driving the growth of the industry. Growth of the overall global gym market has also been forecasted for the years 2020-2024, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.

Region Coverage

• North America
• Asia
• Europe
• ROW

There are different types of machines which are equipped in gyms to provide physical training, such machines include vertical chest press, lat pulldown, leg press, abdominal crunch, etc. Moreover, gym training is provided through two types of distribution channels that consists of online and offline sources.

The global gym market has augmented at a steady pace over the years and the market is further expected to increase progressively during the forecasted years 2020 to 2024. The market would propel with support of different growth drivers such as escalating urban population, growth in the elderly population, rising middle-class expenditure, augmenting demand for home gym equipment, surging disposable income and rising youth population.

However, the market faces some challenges which are hindering the growth of the market. Some of the major challenges faced by the industry are expensive gym membership and a limited number of suppliers. Whereas, the market growth would be further supported by various market trends like escalating demand for fitness trackers, rising artificial intelligence technology, evolution of gamification, etc.

Market Dynamics

Drivers

• Escalating Urban Population
• Growth in Elderly Population
• Rising Middle Class Expenditure
• Augmenting Demand for Home Gym Equipment
• Surging Disposable Income
• Rising Youth Population

Challenges

• Expensive Gym Membership
• Limited Number of Suppliers

Trends

• Escalating Demand for Fitness Trackers
• Rising Artificial Intelligence Technology
• Evolution of Gamification

Company Coverage

• Planet Fitness Inc.
• Basic Fit NV
• The Gym Group Plc
• Johnson Health Tech

For more information about this report visit https://www.researchandmarkets.com/r/xqu6lr

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Global Gym Market (2020 to 2024) - Size & Forecast with Impact Analysis of COVID-19 - ResearchAndMarkets.com - Business Wire
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