openPR Logo
Press release

Commercial Fitness Equipment Market - Benefiting from Rising Consumer Interest toward Health and Fitness

03-05-2018 10:06 AM CET | Associations & Organizations

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Commercial Fitness Equipment Market - Benefiting from Rising

With regards to the vendor landscape, the global commercial fitness equipment market boasts prominent companies such as Brunswick Corporation (Life Fitness), Johnson Health Tech. Co., Ltd., Amer Sports Corporation, Technogym, Cybex, and Matrix Fitness, among others. Considering the presence of several large companies, the global commercial fitness equipment market witnesses the prevalence of a high degree of competition. Therefore, in order to gain a competitive edge many of these enterprises have taken up mergers and acquisitions. Strategic collaborations are favored as well, as they offer the market players to expand their footprint within the industry. For instance, Cybex International was acquired by Brunswick Corporations in 2016. A majority of the companies operating in the global commercial fitness equipment market are more inclined toward forging long term partnerships with hotels and gyms to remain the sole supplier of fitness equipment for a longer term.

Request Sample:

Meanwhile, strategies adopted by the market players leave a profound impact on the way the overall market functions. According to TMR, the global construction fitness equipment market will reach US$2.19 bn by the end of 2017. Exhibiting a CAGR of 4.8%, the market is forecast to value US$2.77 bn by the end of 2022.

Key Factors Enabling Growth in Global Commercial Fitness Equipment Market

According to the report, the commercial fitness equipment market is poised to surge at an impressive pace during the aforementioned forecast period. With people from around the world inclining towards healthier living, they are expected to dedicate more time on fitness and exercise. This is touted by experts as a chief factor enabling the market gain momentum over the last few years. Factors such as the rising incidence of chronic heart disorders and obesity on the back of increasingly prevailing sedentary lifestyle have compelled people to focus more toward their health. Also to benefit their citizens and encourage healthy living, governments from across several nations have introduced myriad initiatives and healthcare awareness programs. Given the scenario, the demand for commercial fitness equipment is expected to surge in the coming years.

Also rapid urbanization and increasing pollution due to industrialization, which are phenomenon inducing stress and ill health will play significant rolls in making consumers more willing to spend their time and money on fitness and exercise. Against this backdrop, nations around the world have witnessed increased gym membership especially among working and urban population. Furthermore, the rising awareness among geriatric population has helped the market gain pace as well. Besides this, baby boomer generation in Asia Pacific and Europe are increasingly enrolling in specialized health clubs and gyms, which bodes well for the global commercial fitness market.

Browse Our Report:

While technological advancements and advent of connected devices market have fuelled growth in the commercial fitness equipment market, leading companies are wary of the high cost of manufacturing these equipment. It is due to the same factor that a majority of consumers prefer to use public equipment at affordable member costs. Also the market is witnessing high demand for used fitness equipment as these machines can run a long time and are highly durable. These could pose threat to the global commercial fitness equipment market.

Nonetheless, advancements such as advent of wearable technologies and smartphone apps enabling consumers to monitor their vitals and performance, besides providing suggestions for personalized training, will enable the market gain impetus in the coming years.

View TOC:

Global Commercial Fitness Equipment Market: Key Segments

Among the various product types, the market is expected to witness considerably high demand for treadmills. According to the report, treadmills will hold dominance in the overall market. By the end of 2017, the segment is expected to account for nearly 38.1% of the global commercial fitness equipment market. Regionally North America is expected to offer lucrative prospects. The rising incidence of chronic ailments and obesity will help the market grow in the region. However, exhibiting a CAGR of 5.2% over the forecast period, Asia Pacific is expected to emerge as one of the most lucrative pockets for commercial fitness equipment sales.

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

US Office
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Commercial Fitness Equipment Market - Benefiting from Rising Consumer Interest toward Health and Fitness here

News-ID: 964102 • Views: 167

More Releases from Transparency Market Research

Voltage Detectors Market – Evolving Technology Trends and Industry SWOT Analys …
The global voltage detectors market includes large number of players. Some of the key players are Texas Instruments, Toshiba, ROHM Semiconductor Sharp Microelectronics, Analog Devices Inc., STMicroelectronics, ON Semiconductor, Torex Semiconductor, Taiwan Semiconductor and Seiko Instruments. Browse Our Report @ Voltage Detector is a testing equipment generally used to determine the existence or absence of an electrical charge in an object. It is highly suggested for conditions where power issues exist.
Switched Capacitor Filters Market : Key Segments, Maket Insights, Regional Outlo …
Major players in the global switched capacitor filters market are Texas Instruments Incorporated, Analog Devices, Inc., Maxim Integrated, Inc., Siemens AG, Eaton Corporation, and among others. Browse Our Report @ A switched capacitor filter is an active filter based on the consideration that a switching of capacitors between two circuit nodes at an adequately high rate that is equivalent to a resistor connecting these two nodes. The switched capacitor filters are
Current Calibrator Market : Recent Industry Developments And Growth Strategies A …
Key players operating in the global current calibrator market include Valhalla Scientific, Rotek Inc., Time Electronics, PCE Instruments, Martel Electronics, AOIP Instrumentation, Extech Instruments, Yogokawa Test & Measurement Corporation, Extech Instruments, REED Instruments, Fluke Corporation, and others. These players are actively focusing on organic and inorganic growth strategies in order to gain a competitive advantage in the market. Some of the important strategies adopted by the leading players in the
Damp Meter Market – Outlook by Responsible Drivers, Restraints, Demand
Key players operating in the global damp meter market include PCE Instrument, Delmhorst Instrument Co., GENERAL TOOLS & INSTRUMENTS LLC, FLIR Systems, Inc. designs, Panomex Inc., These players are actively focusing on organic and inorganic growth strategies in order to gain a competitive advantage in the market. Some of the important strategies adopted by the leading players in the global market are collaborations, partnerships, agreements, and new product launches. The

All 5 Releases

More Releases for Fitness

GOODVICE - Your Fitness App
GOODVICE is a fitness tech company that empowers customers to enjoy fitness on the go at the gym and fitness centres of their choice without committing to long-term memberships. GOODVICE caters to the growing breed of gym-floaters by offering a solution to activate, reactivate and sustain customers on their fitness journey. One can simply explore any gym workout, yoga, Zumba, Pilates, spinning, swimming, and much more in your city. To
0 Excuses Fitness
Do you know what the biggest problem plaguing people is these days? It's not so much fitness related as it is related to life - and that problem is - in a nutshell - "MAKING EXCUSES GALORE". Oh, I have no time to train. Oh, the neighborhood gyms are too expensive. Oh, those stretches are too difficult. Oh, and ... ah, why not just do it tomorrow? And so forth.
Kids & Fitness
We live in a time when there are too many things kids can do to entertain themselves while remaining inactive: television and movies, smart phones, video games and social media and of course what my kid loves to do…sleep! So how can you get your kids to jump off the couch, put down whatever electronic device they’re holding, and join you for a bit of good old fashioned exercise? The Right Approach Encourage
Summer Home Fitness Tips
Summer sun means it’s time to shed those extra pounds, tone up, and get ourselves down to swimsuit weight so we can enjoy those long lounging weekends at the beach or pool. Dropping a few pounds isn’t as hard as you might think. You don’t need to starve yourself or go on a fad diet, and you don’t even need a gym membership – you can lose weight at home in
3Dimensional Fitness Continues Growth
3Dimensional Fitness enhances its Personal Training, Health, and Nutrition programs with the addition of new, skilled team members Norwalk, CT (June 16, 2011) – 3Dimensional Fitness could not be more excited in introducing their newest team members, world class boxer Travis Simms Jr., and leading internist Dr. Henry Sobo. With a passion to strive for excellence at all times, these professionals are considered to be the best in their respective fields.
Post Pregnancy Fitness
Pregnancy is a life changing experience. In addition to having a new baby, most moms find themselves with a new body – and one that many are anxious to shape up as soon as possible. The old adage of “nine months on, nine months off” is not a standard that applies to all women. Some moms will shed their postpartum weight within the first few weeks; others will still be carrying