Rope Counter Market

Rope Counter Market Business Opportunities and Investment Research Report
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.
Rising awareness regarding health and fitness is one of the major driving
factors for growth of the market
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, 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.
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According to World Health Organisation (WHO), in 2015, diabetes was the
direct cause of 1.6 million deaths and in 2012, high blood glucose was the cause
of another 2.2 million deaths, globally. Therefore, in order to reduce risk
associated with obesity, demand for advanced fitness equipment is increasing
significantly. Rope counter is a digital circuit that helps in monitoring blood
sugar level, blood pressure level, heart rate, sleep patterns, skin temperature, and
others generating results in a few seconds. Hence, advancement in technology,
which in turn helps in innovating the existing fitness equipment or devices will
help in boosting growth of the global rope counter market.
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. Growing awareness among people will inadvertently increase
demand for advanced fitness equipment that is expected to help people in
reducing risk related to overweight or obesity disease. Hence, all these factors
will help in propelling growth of the market.
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.
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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. Therefore, rising awareness among
people towards health and fitness is reflected in rapid growth in demand for
advanced fitness equipment and gym memberships. This is further expected to
drive growth of the market in this particular region.
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