Global Commercial Fitness Equipment Market, By Type (Strength Training Equipment, Cardiovascular Training Equipment, Others), Product Type (Treadmills, Elliptical Machines, Stationary Machines, Rowing Machines, Free Weights, Exercise Cycles, Ab Machines, Others), Distribution Channel (Sports Goods Stores, Specialty Sports Shops, Online Retailing, Discount Stores, Departmental Stores), End User (Gym, University and School, Community, Sports Center), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Commercial Fitness Equipment Market
Commercial fitness equipment market size is expected to grow at a compound annual growth rate of 5.07% for the forecast period of 2021 to 2028. Commercial fitness equipment market report analyses the growth, which is currently being growing due to the adoption of commercial fitness equipment in aviation industry.
Commercial fitness equipment is a type of a machine or a device which is required for performing physical activities. It helps in managing weight, developing stamina, maintaining muscular strength of the body and also in strengthening immunity and enhancing overall wellbeing.
The rapid rise in virtual gym classes is one of the major factors anticipated to drive the commercial fitness equipment market growth rate. Moreover, the strong presence of various kinds of fitness equipment and the rise in the preference for a healthy and fit lifestyle are also expected to fuel the growth of the commercial fitness equipment market in the forecast period of 2021 to 2028. Additionally, the rise in the obese population and the increase in the disposable income are also expected to highly impact the growth of the commercial fitness equipment market. While, the easy availability of commercial fitness equipment with various designs and increase in the pollution with ill health and stress are also amongst the major factors expected to fuel the growth of the commercial fitness equipment market in the above mentioned forecast period.
In addition, the easy availability of a wide range of commercial fitness equipment products, rise in the government initiative programs related to health awareness and rapid urbanization are expected to bring various opportunities that will lead to the growth of the commercial fitness equipment market in the above mentioned forecast period.
However, the high cost of the commercial fitness equipment and the growth of used fitness equipment market are expected to act as a major limiting factor for commercial fitness equipment market, whereas the, challenges for new entrants can challenge the growth of the commercial fitness equipment market in the forecast period of 2021 to 2028.
This commercial fitness equipment market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on commercial fitness equipment market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Commercial Fitness Equipment Market Scope and Market Size
Commercial fitness equipment market is segmented on the basis of type, product type, distribution channel and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- Based on type, the commercial fitness equipment market is segmented into strength training equipment, cardiovascular training equipment and others.
- On the basis of product type, the commercial fitness equipment market is segmented into treadmills, elliptical machines, stationary machines, rowing machines, free weights, exercise cycles, ab machines and others.
- Based on distribution channel, the commercial fitness equipment market is segmented into sports goods stores, specialty sports shops, online retailing, discount stores and departmental stores.
- The end user segment of the commercial fitness equipment market is segmented into gym, university and school, community and sports center.
Commercial Fitness Equipment Market Country Level Analysis
Commercial fitness equipment market is analyzed and market size, volume information is provided by country, type, product type, distribution channel and end user as referenced above.
The countries covered in the commercial fitness equipment market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America leads the commercial fitness equipment market because of the ever-increasing consumer base. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 because of the inclination towards personal training and instruction services as well as the high disposable income.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Commercial Fitness Equipment Market Share Analysis
Commercial fitness equipment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to commercial fitness equipment market.
The major players covered in the commercial fitness equipment market report are PlayCore, Inc., Acquapole S.a.s., HYDRO-FIT, Technogym S.p.A., Johnson Fitness, Precor Incorporated, Cybex International, Inc., Amer Sports, Keiser, Matrix Fitness, Life Fitness, Yanre Fitness, Trinity Interface Systems Pvt Ltd., Cosco (India) Limited, United Fitness, Aerofit, Nautilus, Inc., TRUE Fitness Technology, Inc., Torque Fitness and ICON Health & Fitness, Inc., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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