Commercial Fitness Equipment Market 2019-2025
New Market Study, Report “Commercial Fitness Equipment Market 2019 Global Industry Demand, Opportunities, Growth Drivers, Challenges, Strategies and Forecasts 2025” Has been Added on WiseGuyReports.com.
This report provides in depth study of “Commercial Fitness Equipment Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Commercial Fitness Equipment Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.
Fitness equipment is mainly used for exercising the body. Owing to the rate at which the percentage of obese population, pressing and vital health concerns and youth population is increasing, the commercial fitness equipment market is seeing an increase in popularity and demand.
The global commercial fitness equipment market was evaluated at US$2,19 Bn in 2017 and is expected to reach US$2,77 Bn by 2022 growing at a CAGR of approximately 4.8% during the forecast period.
Increasing cases of chronic heart ailments and obesity, along with changing lifestyle have forced people to concentrate more on their personal health. This has resulted in larger number of health-conscious people. Governments of nations across the globe have launched various programs promoting healthcare awareness initiatives in an effort to support their citizens. The increasing awareness for fitness and health among elderly people also contributed to the market growth.
However, the high manufacturing prices of the fitness equipment hinder the market growth. Different manufacturers price their equipment differently which leads the lay man to prefer using public equipment rather than buying personal equipment. .
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The report has profiled some of the noteworthy players prevalent in the global Life Fitness, Precor, Matrix Fitness, Cybex, Promaxima, Keiser, Amer Sports, Technogym and more
The Global Commercial Fitness Equipment market is segmented by Type, Application, Distribution Channel and Region.
In terms of type, the market is split into Treadmills, Ellipticals, Exercise Bikes, Upper Ergometer and Other.
With respect to Application the market is categorized into Gym, School, Community, Sports Center and Others
On the basis of Distribution Channel, the market is divided into Online Retailing, Sports Goods Stores, Specialty Sports Shops and Departmental Stores.
Geographically, the commercial fitness equipment market spans across key regions of North America, Europe, China, Japan, Southeast Asia and India
The report provides a detailed country-wise analysis of the regions the commercial fitness equipment market spans across. These include:
North America (U.S., Canada)
Europe (Germany, France, Italy, Spain, U.K., Rest of Europe)
Asia Pacific (China, Japan, India, Rest of Asia Pacific)
Latin America (Brazil, Mexico, Rest of Latin America)
Middle East & Africa (Saudi Arabia, South Africa, Rest of Middle East & Africa)
The commercial fitness equipment market in Europe is expected to show a steady CAGR of 4.6% in the coming years.
Asia-Pacific is the showing rapid growth in the global commercial fitness equipment market with China, Japan, Australia, India, and South Korea as some of the top contributing countries in the region. Increased inclination towards personal training and instruction services, the demand for personal trainers and fitness instructors for weight-loss services and high interest in customized workout schedules are some of the major factors driving the market in these regions.
US-based Anytime Fitness, In June 2017, announced plans to establish 500 new gyms in China over the next several years.
The government of Australia announced its plans to make an investment of USD 230 million in sports and physical activity initiatives over the next five years. The government is also encouraging more and more Australians to lead more active lifestyles and get involved in activities more often. They do this by promoting participation in physical activities and strengthening links between the community and various sports and fitness organizations.
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Major Key Points from Table of Content:
1 Industry Overview of Commercial Fitness Equipment
2 Manufacturing Cost Structure Analysis
3 Development and Manufacturing Plants Analysis of Commercial Fitness Equipment
4 Key Figures of Major Manufacturers
8 Commercial Fitness Equipment Major Manufacturers Analysis
8.1 Life Fitness
8.1.1 Life Fitness Commercial Fitness Equipment Production Sites and Area Served
8.1.2 Life Fitness Product Introduction, Application and Specification
8.1.3 Life Fitness Commercial Fitness Equipment Production, Revenue, Ex-factory Price and Gross Margin (2014-2019)
8.1.4 Main Business and Markets Served
8.2.1 Precor Commercial Fitness Equipment Production Sites and Area Served
8.2.2 Precor Product Introduction, Application and Specification
8.2.3 Precor Commercial Fitness Equipment Production, Revenue, Ex-factory Price and Gross Margin (2014-2019)
8.2.4 Main Business and Markets Served
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