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Health and fitness 2018-10-18

3 Reasons That Makes Fitness Business Model Successful

The report predicts the global fitness equipment market to grow with a CAGR of 5.4% over the forecast period of 2018-2024.

By Senior Sub-editor
3 Reasons That Makes Fitness Business Model Successful

Due to the growing awareness regarding their health, fitness and self-care among the youth, the business is growing exponentially.

The report predicts the global fitness equipment market to grow with a CAGR of 5.4% over the forecast period of 2018-2024.

Here are some of the reasons why fitness business is one of the most sought-after business models:

Social Media Influence:

Social media has become one of the major reasons for generating huge revenue in this business. The youth especially gets hugely motivated by social media celebrities and posts.

Getting popular on social media has become the aim of every youth and pushing fitness related posts is the craze.

The youth wants to get fit, post pictures while gyming, health and fitness tips, nutrition products are pushing their products to gain popularity and which is working in their favor to a large extent.

Celebrity Endorsements:

Recently #Fit India Movement is gaining popularity where celebrities are endorsing their fitness mantra. Youth and people who follow or idolize celebrities are largely getting influenced.

In a similar move, Bollywood superstar, Salman Khan has recently launched his own gym equipment range. The new venture, aiming to create awareness and educate people about the importance of being healthy and fit, promises to have a wide reach.

Salman Khan and many celebrities are trying to push their fitness wear, gym equipment and nutrition drinks to small towns, where the fan following is maximum. This can also be sighted as an opportunity to build brands and expand in tier-II and tier-III cities.

Recession Free Business:

Fitness products and fitness centers do not depend upon any occasion or season; it is a recession free business, which is why maximum people are eager to invest in this business because they see a great opportunity for their business growth.

To make the business run smooth, even developers and research people are doing their bit in developing new engineered types of equipment, developing the space well and flavored diets and drinks that suit everyone.

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