Consumers seek out diverse yet affordable exercise equipment
Implications - Under the influence of the health and wellness movement, fitness culture has accelerated at a rapid rate, creating a consumer who is not only enthusiastic about working out, but actively seeking new, diverse ways to do so. Because exercise can be expensive to upkeep, consumers are searching for at-home fitness products that have multiple uses and abilities. This progression speaks to the desire of multi-functional products as a way to engage consumer curiosities.
Workshop Question - Think about the different service or product offerings your brand currently has. How could you combine or integrate them to create an elevated experience?
Trend Themes
1. Home Fitness Equipment - Home fitness equipment trend is on the rise due to the increasing demand for affordable and diverse exercise products with multiple uses.
2. Multifunctional Exercise Equipment - The demand for multifunctional exercise equipment is growing rapidly as consumers seek products that offer more varied workouts.
3. Portable Fitness Equipment - Portable fitness equipment trend is emerging due to the demand for equipment that is easy to set up and use in various locations.
Industry Implications
1. Fitness Industry - The fitness industry can use this trend to develop more affordable and diverse products that offer multiple uses to attract more customers.
2. Consumer Goods Industry - The consumer goods industry can invest in designing more portable and multifunctional exercise equipment that can be easily used by consumers at home or outside.
3. Technology Industry - The technology industry can leverage this trend to develop smart and connected exercise equipment that offers consumers a more personalized and interactive workout experience.
