Rope Counter Market

Rope Counter Market - Size, Share, Outlook, and
Opportunity Analysis, 2018-2026
Rope counter is a digital circuit, associated with skipping rope, which is a fitness
equipment used for physical exercise to manage overall weight, improve physical
stamina, and develop muscular strength. This rope counter is used to measure the
heart rate, amount of fat burn while doing exercise, and improving bone density, and
others, which in turn helps in maintaining the overall health and fitness of the body.
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Rising awareness among people related to health and fitness is one of the major
driving factors for growth of the global rope counter market. This is attributed to
increasing obesity, which demands for fitness equipment. For instance, in 2013,
according to the Institute for Health Metrics and Evaluation analysis, nearly 30% of
the world population were either suffering from obesity or overweight, globally. Thus,
increasing obesity worldwide leads to high risk of diseases such as diabetes,
asthma, and heart attack. For instance, according to the diabetics.org, the total
number of people in the U.S. suffering from diabetics was 7.2 million in 2014, and in
2015, 1.5 million new cases were reported which was 6.7% per 1,000 persons.
Furthermore, growing government initiative programs related to health awareness is
another factor propelling growth of the market. For instance, in May 2004, in the 57th
World Health Assembly (WHA) endorsed the World Health Organization’s (WHO),
Global Strategy on Diet, Physical Activity, and Health. The aim of this strategy is to
promote and protect health by guiding at each individual, community, national, and
global level such that it helps in reducing disease and death rates related to
unhealthy diet and physical inactivity.
Global Rope Counter Market: Segment Trends
On the basis of end users, the health club/GYMs segment accounted for the largest
market share in 2017 and expected to retain its dominance during the forecasted
period. The major factor attributing to growth of this segment is increasing number of
health club/GYMs memberships. For instance, according to International Health,
Racquet & Sports club Association (IHRSA), in the U.S., the total number of people
registered in health club were 60.9 million in 2016 and it has grown up to 70 million
in 2017. Therefore, increasing inclination of people towards health club or gym, in
order to maintain fitness, is expected to be major factor for growth of the segment in
the global rope counter market over the forecast period.
High cost of fitness equipment is one of the major restraining factors for the
growth of the market
The high price of rope counter is a major factor that limits growth of the market. This
pushed start-up gyms & fitness centres and in-house users to buy second-hand
equipment. Therefore, high prices of rope counter is a major factor hampering
purchase of new for commercial purpose, which negatively affected sales of new
rope counter equipment.
Global Rope Counter Market: Regional Insights
North America held a dominant position in the global rope counter market in 2017,
and is expected to retain its dominance throughout the forecast period (2018–2026).
This growth is attributed to increasing number of health issue related to obesity such
as heart disease, type 2 diabetes, and others, which directly affects adults, youth,
and children. For instance, according to the National Centre for Health’s analysis, in
2017, in the U.S. 40% of adults and 19% of youths were suffering from obesity.
Global Rope Counter Market: Competitive Landscape
Key players operating in the global rope counter market are Spokey sp. z o. o,
Domyos Corporation, LimitZero, Decalton Honkong, Reebok, Inc., John LewisPlc,
S&T Welcare Equipment Ltd, Unitech Sports & Fitness Ltd., and Blue Corpus
Solutions.
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The research report on Rope Counter Market is segmented by end user , region - Size, Share, Outlook, and Opportunity Analysis, 2018-2026

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