Industry Background:
Exercise Equipment is also called as gym equipment’s. It is a devices which used for physical activities to improve the strength or conditioning effects of that workout by offering either fixed or adjustable amounts of resistance, or to otherwise improve the experience or result of an exercise routine. There is various types of equipment’s available for exercise including treadmill, stair mill, rowing machine, spin bike, Jacob’s ladder and other. Rising attraction towards fitness will help to boost global exercise equipment market.
This growth is primarily driven by Growing Awareness and Importance about Fitness will Generate Significant Demand and Increasing Disposable Income across the Globe.
Globally, a noticeable market trend is evident Introduction to Number of Fitness Clubs and Gyms in the global market
. The Leisure Products sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Amer Sports Corporation (Finland), Brunswick Corporation (United States), Core Health & Fitness, LLC (United States), Cybex International Inc. (United States), Exigo (United Kingdom), Fitness EM LLC (United States), Icon Health & Fitness (United States), Impulse (Qingdao) Health Tech (China), Johnson Health Tech (United States) and Kettler (GB) limited (United Kingdom) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
On January 09th, 2019, one of the Amer Sports brands Arcteryx has launched a Gear Library program across its North American brand stores, providing customers with the tools and inspiration that the consumers need to explore the great outdoors, free of charge.
Regulatory Insights:
An Industry Code of Practice has been developed by Fitness Australia in consultation with the relevant Department of Consumer Protection or Fair Trading. Number of Fitness Industry Associations & the Departments of Fair Trading are involved in the administration of the Code of Practice. The Code of Practice is mandatory in all industry businesses are subject to the provisions of the Code. In South Australia, some part of the Code is mandatory and the remaining part is voluntary. Moreover, for New South Wales, Victoria & Tasmania, the Code of Practice is entirely voluntary. Businesses that choose to become Members of Fitness Australia also choose to be subject to the provisions of the Code of Practice, whether voluntary or not.
Market Drivers
- Growing Awareness and Importance about Fitness will Generate Significant Demand
- Increasing Disposable Income across the Globe
Market Trend
- Introduction to Number of Fitness Clubs and Gyms in the global market
- Upsurging Instances of Obese Population and Unhealthier Life Styles
Restraints
- Comparatively Higher Costs of both Outdoor and Indoor Exercise Equipment
- Adoption of Number of Instrument less Exercises such as Yoga and Other Fitness Exercise
Opportunities
Rising Health Conscious Population as well as Fitness Infrastructure in the Developing Economies and Increasing Awareness Regarding Weight Management in the Young and Middle Age Population
Challenges
Availability of Outdoor Fitness Equipment less Substitute Exercises and Considerable Demand for the Refurbished Fitness Products will minimize the demand for Brand New Fitness Equipment
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Exercise Equipment Study Sheds Light on
The Exercise Equipment Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Exercise Equipment industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Exercise Equipment industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.