DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Fitness Equipment Manufacturing Industry 2013-2018: Trend, Profit, and Forecast Analysis" report to their offering.
The global fitness equipment industry is forecast to grow with a CAGR of 3.5% over the next five years (2013-2018) and reach an approximate $10.6 billion by 2018. Rising concern and awareness for healthy living, physical benefits, and exercise are among the major drivers for fitness equipment demand around the world.
The fitness equipment manufacturing industry comprises companies that manufacture fitness equipment for commercial and consumer markets. These establishments may design, develop, assemble, and manufacture fitness equipment. Brunswick Corporation (Life Fitness) and Johnson Health Tech. Co., Ltd, are the major players in this industry. Competitive rivalry in the industry is high. The existing players continuously try to maintain their market shares and drive growth by entering new regions and introducing technologically advanced products and product innovations. As indicated by the study, several drivers are anticipated to fuel the market during the forecast period. Among these are rapid modernization of economies with increasing spending capacity, opening of new fitness centers/clubs and expansion of existing players in emerging economies; World Health Organizations physical activity recommendations, and governmental efforts to promote the benefits of exercise. The industry is expected to expand its presence India and China, as they possess good growth opportunities with expanding, new upper class populations and increasing purchasing power.
This comprehensive guide provides readers with valuable information and the tools needed to successfully drive critical business decisions with a thorough understanding of the market's potential.
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