Aqua Gym Equipment Market Size Analysis Report By Product (Cardiovascular, Strength Training), By Distribution Channel (Online, Specialty Store, Department Stores & Supermarkets), And Segment Forecasts, 2019 - 2025

Industry Insights

The global aqua gym equipment market size was estimated at USD 512.9 million in 2018 and is expected to expand at a CAGR of 5.01% from 2019 to 2025. Rising awareness regarding physical appearance among the urban population is driving the growth.

Rapidly rising consumer awareness regarding healthy lifestyle has had a positive impact on the market over the past few years. Consumers are increasing their spending on health and well-being. It has been observed that commercial sales, as well as gym equipment for personal use, are growing rapidly. Aqua gyms are more popular among urban people. Aqua gym exercises can help burn around 400 to 500 calories per hour and are considered as one of the faster ways to get in shape.

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.

The rapid rise in obesity across the world is anticipated to propel the market in near future. In America, 70% of adults are either obese or overweight. A water gym is considered one of the quicker ways to lose weight. Besides, many professionals consider water workout as a fun activity. The aging population is also joining aqua gyms due to arthritis and joint problems. It has been observed that water aerobics and gyms help improve joint problems faster than any medicines. The weight of a human body is reduced up to 90% when underwater, which helps the aging population do more workout at minimal stress levels.

Product Type Insights

The cardiovascular aqua gym equipment held the largest market share of more than 60% in 2018. The product helps burn fats and calories for weight loss and minimizes the pressure on the heart for pumping blood to the veins. Many cardio experts claim that aqua gyms help increase lung capacity. People with diabetes, high cholesterol, and high blood pressure levels, and certain forms of cancer join water gyms, especially on doctors’ recommendations.

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 specialty store segment led the aqua gym equipment market with 34.89% of the global share in 2018. Employees of these specialty stores have in-depth knowledge of the professional equipment, attracting consumers to visit these stores. Aftersales service is vital for aqua gym equipment. Another reason to purchase these instruments from specialty stores is the availability of a variety of products along with easy aftersales service.

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

In 2018, North America held the leading market share of more than 40%. Growing consumer awareness and a rising preference for medicine-free lifestyle are anticipated to propel the regional market. Thus, consumers are spending a major portion of their disposable income on health and wellness. Consequently, major companies are expanding their sales network and educating gym owners about the best use of their products. For instance, Aqua-Aerobic Systems, Inc. had organized a seminar in 2017 to provide equipment details to more than 100 trainers across the U.S. to increase sales.

Asia Pacific is anticipated to register the fastest CAGR of 6.58% from 2019 to 2025. Increasing consumer awareness about a 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.

Aqua Gym Equipment Market Share Insights

Key market players include PlayCore, Inc.; AquaJogger; Acquapole sas; TEXAS REC; Hydro Fit Inc.; BECO-Beermann GmbH & Co. KG; Be Aqua Pte Ltd; Aqua Gear Inc.; and HydroWorx International, Inc. The companies majorly invest in product innovation to expand their customer base. For instance, weight loss instrument manufacturer VACUACTIVUS launched five new aqua weight loss products.

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 the purpose of this study, Grand View Research has segmented the global aqua gym equipment market report on the basis of 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

    • The U.S.

  • Europe

    • U.K.

    • Germany

  • Asia Pacific

    • China

    • India

  • Central & South America

  • Middle East & Africa