DUBLIN--(BUSINESS WIRE)--The "Commercial Fitness Equipment Market - Forecasts from 2020 to 2025" report has been added to ResearchAndMarkets.com's offering.
The Global commercial fitness equipment market was valued at US$3.473 billion in 2019.
The commercial fitness equipment market is growing very fast due to changing lifestyles and growing health consciousness among people. The increase in health awareness among people is making them join gyms and fitness clubs for improving their health and physique. The urbanization in the world is even increasing the demand and requirement for better facilities with increasing disposable income. The increasing number of fitness centers is a major driving factor for commercial fitness equipment. Rising prevalence of obesity and stress-related ailments is another factor that is bolstering the market growth of global commercial fitness equipment.
The increasing obesity rate are forcing people to do exercise under proper guidance for improving their health. As a result, there is a rise in the number of people opting for gym services which, in turn, is boosting the demand for commercial fitness equipment. As such, the growing obese population among various countries is also a driver for commercial fitness equipment. The sedentary lifestyle and hectic schedules have led the people to start joining gym and fitness centers for physical activities. The increasing stress among people due to hectic work schedule has made people opt for doing different fitness activities in fitness clubs.
The emerging trend of bodybuilding and personality development, especially among the younger generation, is increasing the gym and fitness club membership which is further increasing the demand for cardiovascular machines like treadmills and others, thus positively impacting the global commercial fitness equipment market growth during the forecast period.
The growing initiative programs for providing health awareness among people is propelling to improvise their health by reducing unhealthy diet and physical inactivity. For example, the Australian government has recently planned to invest USD 230 million in sports and physical activity for the next five years. Governments in various countries are also encouraging their citizens to adopt an active lifestyle while promoting programs that include physical activities. This will even strengthen the links between the community and various sports and fitness organizations, thus driving the market growth of the global commercial fitness equipment during the next five years.
The increasing advancement in technology has provided the users with the ability to track their physical activities and giving them accurate details about the time spend on a single equipment, its benefits, counting heart rate, calories, and distance covered and many more things. This is enabling users to keep a better watch on their plan and to work accordingly. The investment for research and development in fitness equipment has increased the functionalities and improved the activities.
The global commercial fitness equipment market is segmented by equipment type and geography. On the basis of equipment type, the global commercial fitness equipment market is segmented as cardio equipment, strength training equipment, bodyweight training equipment, gymnastics training equipment, and others.
Key Topics Covered:
1.1. Market Definition
1.2. Market Segmentation
2. Research Methodology
2.1. Research Data
3. Executive Summary
3.1. Research Highlights
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. Global Commercial Fitness Equipment Market Analysis, By Equipment Type
5.2. Cardio Equipment
5.3. Strength Training Equipment
5.4. Bodyweight Training Equipment
5.5. Gymnastics Training Equipment
6. Global Commercial Fitness Equipment Market Analysis, By Geography
6.2. North America
6.3. South America
6.5. Middle East and Africa
6.6. Asia Pacific
7. Competitive Environment and Analysis
7.1. Major Players and Strategy Analysis
7.2. Emerging Players and Market Lucrativeness
7.3. Mergers, Acquisitions, Agreements, and Collaborations
7.4. Vendor Competitiveness Matrix
8. Company Profiles
8.1. ICON Health & Fitness
8.2. Brunswick Corporation.
8.3. Johnson Health Tech Co.
8.4. Technogym S.p.A
8.5. Amer Sports
8.6. Nautilus, Inc.
8.7. Core Health and Fitness, LLC
8.8. TRUE Fitness Technology, Inc.
8.9. Impulse (Qingdao) Health Tech Co., Ltd.
8.10. Torque Fitness, LLC
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