Albany, NY -- (SBWire) -- 12/01/2017 --The global commercial fitness equipment market is at a surge with the help of growing consequences of leading an inactive lifestyle. This includes rise in rate of obesity and chronic heart related illness. The urban population is more concerned about their health as they are able to suspect the health problems like stress associated with unhealthy eating habits, long working hours, and high rate of pollution around them. The increasing consciousness and concerns have led to increasing rate of gym memberships, more exercise sessions in schools and universities. Also the wearable devices and connected technologies are anticipated to have better future prospects.
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Market Research Hub (MRH) has added a new research report to its repository titled 'Commercial Fitness Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2022'. This comprehensive research report briefs the overview of the global commercial fitness equipment market which includes the drivers that are driving the market, the restraints that are limiting the market growth and also the trends that are governing the market. The report gives the market's Y-o-Y growth analysis, growth CAGR and market size during the forecast period of 201-2022.
Factors Driving Revenue Growth of the Global Commercial Fitness Equipment Market
There are a lot of factors that driving the growth of global commercial fitness equipment market. The major effect on the market is caused by increasing population of the youth, increasing initiatives by government to promote good health, increasing rate of obese people worldwide.
However there are chances that growth of global commercial fitness equipment market can be hindered due to high costs of the fitness equipment in the market. But there are still more opportunities in the coming years for the business, with the rise in disposable income with the people.
Segmentation of the Global Commercial Fitness Equipment Market
The research report has segmented the market on the basis of end user, product type and channel of distribution. This bifurcation helps to simplify and understand the market better. The report also gives an individual analysis of the segments and its comparative study. On the basis of product, the segments are ab machines, treadmill, elliptical machines, free weights and exercise cycles. Among these segments treadmill is expected to hold the maximum share throughout the forecast period and reaching a valuation of around US$ 1 Bn by the end of 2022. On the basis of end user, the market is segmented into sports center, gym, community, university and school etc. In terms of distribution channel, the segments are sports goods stores, departmental stores, specialty sports shops, discount stores, online retailing etc.
Another major part of the report is covered by the regional segmentation which includes segments like North America, Latin America, Europe, Japan, APEJ and MEA. According to the analysis the APEJ is expected to show a faster growth as compared to other regions in the global commercial fitness equipment market.
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Competitive Analysis of the Global Commercial Fitness Equipment Market
The report consists of the brief profiles of key players that are ruling the global commercial fitness equipment market. This includes their current progress in the market and also their future strategies, which can help the other companies understand the market well. Some of the key players mentioned in the report are Promaxima, Technogym, Matrix Fitness, Brunswick Corporation (Life Fitness), Keiser Corporation, Johnson Health Tech. Co., Ltd., Amer Sports Corporation, Precor Incorporated and Cybex.
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Treadmills Expected to Continue Ruling the Global Commercial Fitness Equipment Market During 2017-2022
The global commercial fitness equipment market is estimated to be valued at US$2,194.5 mn by 2017 and US$2,777.4 by the end of 2022.