LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global aqua gym equipment market report until 2021. This research report also lists seven other prominent vendors that are expected to impact the market during the forecast period.
The research study by Technavio on the global aqua gym equipment market for 2017-2021 provides a detailed industry analysis based on the product type (cardiovascular aqua gym equipment and strength training aqua gym equipment) and geography (the Americas, EMEA, and APAC).
“The global aqua gym equipment market is projected to grow to over USD 946 million by 2021, at a CAGR of more than 2% over the forecast period. The growing number of wellness initiatives by both government and corporate agencies is expected to be a key factor influencing the growth of the market,” says Brijesh Kumar Choubey, a lead analyst at Technavio for retail goods and services research.
Competitive vendor landscape
The global aqua gym equipment market is characterized by multiple established players who compete based on many different factors including price, quality, brand, and variety. They follow different strategies such as product innovation and acquisition of new brands to increase their market share. The practice of sustainability is essential for future production and has been adopted by both the major vendors and the other prominent vendors in the market. Vendors need to distinguish their product and service offerings through a clear and unique value proposition to thrive in the extremely competitive market space.
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Top five vendors in the global aqua gym equipment market
aqua-fitness offers various products for both residential and professional purposes. The company primarily offers two aquatic bicycle lines - Evolution and Pro Bike. In addition, the company offers aquatic elliptical trainers, aquatic treadmills, and accessories.
AquaJogger provides products related to health, fitness, and sports. It provides foot gear, hand gear, sqoodles, and accessories. The company also provides products for kids.
Aqua Lung International
Aqua Lung International started its operations from Genoa, Italy, and over the years has transformed from being an eyewear brand for swimming to the provider of swimwear, wetsuits, eyewear and accessories for swimmers, triathletes, and water enthusiasts.
Speedo International designs and manufactures swimwear for men, women, and kids. The company sells its products through online platforms, offline stores, and retailers.
Sprint Aquatics (referred to as Rothhammer International) designs and offers products for physical therapy, training, and recreational purposes. Some of the product categories that the company provides include goggles, aquatic therapy, water aerobics, swimming, and other products.
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Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, resellers, and end-users.
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