Global Commercial Equipment Market By Product (Treadmill, Free Weights, Exercise Cycles, Elliptical Machines, Others), End- User (Gym, University and School, Community, Sports Center, Others), Distribution Channel (Sports Goods Store, Specialty Sports Shops, Online Retailing, Discount Stores, Departmental Stores, Others), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2026
Market Analysis: Global Commercial Equipment Market
Global commercial equipment market is set to witness a steady CAGR of 5.05% in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. Increasing health awareness and rising initiatives by government are the factors for the growth of this market.
Market Definition: Global Commercial Equipment Market
Commercial fitness equipment is that equipment which is specially designed for gyms, clubs and other athletics institutions. They are widely used to maintain weight, increase stamina and to build the muscular strength. They boost the heart rate and assist to burn surplus body fat and maintain general fitness and health. Some of the common commercial equipments are exercise cycles, free weight, elliptical machines, treadmills and others.
Market Drivers:
- Rising obese population will drive the market growth
- Growing interest of the healthy living will also enhance the growth of this market
- Rising disposable income will also accelerate the market growth
- Rapid urbanization and increasing pollution which are factor for ill health and stress; this factor drive the market growth
Market Restraints:
- High cost of the commercial fitness equipment will restrain the market growth
- Growth of used fitness equipment market will also hamper the growth of this market
Segmentation: Global Commercial Equipment Market
By Product
- Treadmill
- Free Weights
- Exercise Cycles
- Elliptical Machines
- Others
By End- User
- Gym
- University and School
- Community, Sports Center
- Others
By Distribution Channel
- Sports Goods Store
- Specialty Sports Shops
- Online Retailing
- Discount Stores
- Departmental Stores
- Others
By Geography
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- Sweden
- Poland
- Denmark
- Italy
- U.K.
- France
- Spain
- Netherlands
- Belgium
- Switzerland
- Turkey
- Russia
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- South Korea
- New Zealand
- Vietnam
- Australia
- Singapore
- Malaysia
- Thailand
- Indonesia
- Philippines
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East and Africa
- UAE
- Saudi Arabia
- Oman
- Qatar
- Kuwait
- South Africa
- Rest of Middle East and Africa
Key Developments in the Market:
- In May 2019, KPS Capital Partners, LP announced that they are going to acquire the fitness business from Brunswick Corporation which will include their Life Fitness brand as well. This acquisition will help the life fitness to get better technology, innovation and growth so they can provide better services to their customers and strengthen their position in the market
- In January 2016, Brunswick Corporation announced the acquisition of Cybex International Inc. which will be the part of the Brunswick life fitness portfolio. The main aim of the acquisition is to expand their commercial fitness equipment portfolio and provide the customers with better services and solutions. This will also help the company to meet the manufacturing cost reduction objectives more efficiently and effectively
Competitive Analysis:
Global commercial equipment market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of commercial equipment market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Market Competitors:
Few of the major competitors currently working in the global commercial equipment market are Technogym, www.johnsonfitness.com., Precor Incorporated., Cybex International, Inc, Amer Sports, Keiser Corporation, Matrix Fitness, Promaxima, Life Fitness., YanreFitness com., Trinity Health Technologies Pvt. Ltd., MANGOGYMEQUIPMENT.COM GUANGZHOU MANGO FITNESS CO.,LTD; VIVA FITNESS. INDIA, PRO BODYLINE FITNESS, Crbnlife, RADHEY MOHAN INTERNATIONAL, Cosco (India) Limited., United Fitness, Aerofit, Gympac Fitness Systems Pvt Ltd among others.
Key Insights in the report:
- Competitive analysis of key competitors involved in the market
- Complete analysis of market segmentation and which segments are set to flourish in the forecast period of 2019 to 2026
- Market drivers and restraints analysis along with the analysis of the market structure
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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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