Commercial Fitness Equipment Market
Commercial Fitness Equipment is an apparatus used for physical activities, body exercise and for maintaining body fitness to enhance the overall health and wellbeing of physic at gymnasium. Commercial Fitness Equipment comprises of Treadmills, Rowing Machines, Stationary Machines, Strength Training Equipment, Elliptical Machines, Dumbbells, and others. The Commercial Fitness Equipment Market has been seen to be developed by the time and many improvements and convenient measures lead to its spread at global level and hence its popularity increased. Looking at the present scenario of the COVID-19 pandemic, where it can be seen a major decline in market due to the continuous lockdown, the need for such products rose unexpectedly. The Commercial Fitness Equipment are widely used in order to maintain health and fitness to resist and save from the attack of the corona virus. Thus, this market of Commercial Fitness Equipment has a rapid flourishing market in forthcoming days and in present time. After this pandemic and the present situation of the world, this market will surely rise due to the tremendous demand and adoption of health and fitness.
Drivers, Restraint and Opportunity
Looking at the present scenario of pandemic due to the COVID-19 outbreak, where everyone is concerned about their life and its wellbeing. People all over the world now are aware of significance of maintaining good health. Hence, the Commercial Fitness Equipment Market has increased drastically. The Commercial Fitness Equipment has unexpectedly elevated globally. The probable estimated growth of Home Fitness Equipment Market is US$ xx Billion by 2027 and the market expand is likely to grow at a CAGR of xx% from 2019 to 2029. This mentioned value for Commercial Fitness Equipment share is predicted to get a huge increment globally due to the pandemic.
The primary restraint factor could be the high cost of products and some equipment needs additional space to be installed. Moreover, lack of awareness in areas of developing countries and additional maintenance cost could also be a significant restraint factor.
Development of low-cost products and spread of fundamental fitness and health related knowledge and awareness could bolster the market during the forecast period. In addition, reduction in maintenance cost could also build a better opportunity for Commercial Fitness Equipment Market.
North America has spare headed the global market and accounted the largest market share as a result of escalated growth of health awareness at global level. Also, Europe is seen to gain a notable share of this market and is expected to get a stable growth due to increase in awareness among large population about health and fitness and government healthcare initiatives and increasing geriatric population in Europe. Meanwhile, Asia Pacific is expected to attain fastest growth over the forthcoming period, due to its expected witnessing of educational advancement, increase in chronic diseases, increasing awareness about healthy lifestyle, increasing corporate wellness programs and cross industry demand and popularity of such equipment.
The report comprises the specific segments by product type, under which it includes Treadmills, Elliptical Machines, Dumbbells, Stationary Cycles, Rowing Machines, Strength Training Equipment and Other Product Types. Further it is bifurcated under distribution outlook which includes Offline Channels and Online Channels. Under the segment of device outlook it is split into Cardiovascular, Strength training and others.This segment also includes market size, forecast and trends for the major markets in North America, Europe, Asia-Pacific, South America, Middle East & Africa under the regional outlook segment. Online service distribution channel facilitates manufacturers the opportunity to reach wide range of customers without investing on costly sales and distribution infrastructure model and is more convenient.
Home Fitness Equipment Market Competition
Key companies operating in this industry are Nautilus Inc., Johnson Health Tech Co., Technogym SpA., NordicTrak, Precor, Inc., BRUNSWICK CORPORATION, Amer Sports, Core Health & Fitness LLC, Fitness EM, LLC, HOIST Fitness Systems, Icon Health, Cybex International, Precor, Fitnessathome, Fitness World, ProForm, TRUE Fitness, Vectra Fitness, Woodway. and Fitness, Torque Fitness and True Fitness.
The Commercial Fitness Equipment Market is seen to be highly competitive and fragmented which is being marked by various players. Potential players are widely applying several aggressive strategies to spread its root over the market world globally.
• Commercial Fitness Equipment Market Revenue Estimation and Forecast (2020 – 2027)
• Production Estimation and Forecast (2020 – 2027)
• Sales/Consumption Volume Estimation and Forecast (2020 – 2027)
• Breakdown of Revenue by Segments (2020 – 2027)
• Breakdown of Production by Segments (2020 – 2027)
• Breakdown of Sales Volume by Segments (2020 – 2027)
• Gross Margin and Profitability Analysis of Companies
• Business Trend and Expansion Analysis
• Import and Export Analysis
Fitness Equipment Market Segmentation
By Sales Channel
Europe Fitness Equipment Market Companies
• Johnson Health Tech Co.
• Technogym SpA.
• Precor, Inc.
• BRUNSWICK CORPORATION
• Amer Sports
• Core Health & Fitness LLC
• Fitness EM LLC
• HOIST Fitness Systems
• Icon Health and Fitness
• Torque Fitness
• True Fitness
• Cybex International
• Fitness World
• TRUE Fitness
• Vectra Fitness
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