Global Commercial Fitness Equipment Market, By Product Type (Treadmill, Free Weights, Exercise Cycle

Published Date: | Report Code : EQ1958461

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People inclining towards healthier living is expected to drive the growth of commercial fitness equipment market during the forecast period. This has resulted some of the key developments by companies operating in the market to consolidate their market positions and look for further niche opportunities.

Fitness equipment is a device or gadgets that are used during physical activity to improve the strength or conditioning impact of such a practice by providing either fixed or adjustable amounts of resistance or to improve the experience in general or result of a fitness routine. Fitness equipment may also include wearable products such as adequate footwear, gloves and hydration packs.

Fitness equipment is used globally by many people for different reasons. Weight losing and gaining are the major reasons among them. Treadmill, free weights, exercise cycles, elliptical machines, and abs machines are used while carrying out fitness activities. It is used at different places such as in gym, universities and school, sports centre, and other places.

Global commercial fitness equipment market is growing as the people from around the globe are getting inclined to live healthier are anticipated to devote more time to fitness and exercise. Also, Increasing incidence of chronic heart disorders and obesity on the back of increasingly prevalent sedentary lifestyle have also forced individuals to concentrate more on their health. In addition, there are growing numbers of fitness programs to help enthusiasts build better endurance, create muscle power, weight management, and body toning. All these factors are fuelling the growth for global commercial fitness equipment market.

Key Factors Impacting Market Growth:

  • People inclining towards healthier living

  • Technological advancements and emergence of connected devices market

  • High cost of manufacturing fitness equipment

  • High demand for used fitness equipment

Regional Analysis:

Major regions for commercial fitness equipment market are estimated to North America, Western Europe, and Asia Pacific. North America and Western Europe have been traditional markets for commercial fitness equipment owing to strong presence of industrial sector. The industrial sector has been one of the key contributors to the economies in these regions. Major industries in these regions are estimated to be gym, universities & school, community, sports centre, and others. These industries have an established base resulting in stable market demand. Moreover, most of these industries have been witnessing transition in terms of product development and production methods. These factors are expected to drive the demand for commercial fitness equipment market in the North America and Western Europe region. Major markets by country in these regions include US, Germany, France, UK, Canada, Spain, and others.

Asia Pacific and Middle East region has witnessed tremendous growth of the industrial sector in recent years. Major companies operating in this market have made strategic developments to improve market presence in these regions. In addition to this, some of the fastest-growing economies including China and India have been major markets for various end-use industries including building & construction, automotive, healthcare, manufacturing, and so on. Among these industries, gym, universities & school, community, sports centre are estimated to register high demand for commercial fitness equipment market during the forecast period. On the other hand, Middle East region has witnessed diversification in terms of industrial outlook in recent decades. UAE, Saudi Arabia, Qatar, and others have been instrumental in promoting development of various industries including building & construction, pharmaceuticals, automotive, and so on. This is expected to drive the growth of commercial fitness equipment market directly or indirectly in the region. Eastern Europe consisting of Russia and Turkey promises a stable demand for commercial fitness equipment market during the forecast period. Rest of the World including South America and Africa are estimated to be a developing market with strong potential in strategic future.

Companies Covered: Brunswick Corporation, Technogym, Johnson Health Tech. Co., Ltd., Precor Incorporated, Cybex, Amer Sports Corporation, Keiser Corporation, Matrix Fitness, and Promaxima...

Market Segmentation:

By Product Type:

  • Treadmill

  • Free Weights

  • Exercise Cycles

  • Elliptical Machines

  • Abs Machines

  • Others

By Distribution Channel:

  • Sports Goods Stores

  • Specialty Sports Shops

  • Online Retailing

  • Discount Stores

  • Departmental Stores

By End Users:

  • Gym

  • Universities & School

  • Community

  • Sports Centre

  • Others

By Region:

  • North America

    • By Country (US, Canada, Mexico)

    • By Product Type

    • By Distribution Channel

    • By End Users

  • Western Europe

    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)

    • By Product Type

    • By Distribution Channel

    • By End Users

  • Eastern Europe

    • By Country (Russia, Turkey, Rest of Eastern Europe)

    • By Product Type

    • By Distribution Channel

    • By End Users

  • Asia Pacific

    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)

    • By Product Type

    • By Distribution Channel

    • By End Users

  • Middle East

    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)

    • By Product Type

    • By Distribution Channel

    • By End Users

  • Rest of the World

    • By Region (South America, Africa)

    • By Product Type

    • By Distribution Channel

    • By End Users

Reasons To Buy This Report:

  • Market size estimation of the global commercial fitness equipment market on a regional and global basis

  • The unique research design for market size estimation and forecast

  • Profiling of major companies operating in the market with key developments

  • Broad scope to cover all the possible segments helping every stakeholder in the market

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