About Functional Fitness Equipment
Functional fitness equipment is the type of equipment that helps individuals simulate movements you would perform in work, sport & life. Usually, this equipment allows total body movements in all directions with unrestricted natural motions. Equipment such as barbells, dumbbells, kettlebells, cable machines, balance balls, boards & beams are all useful pieces of functional fitness equipment. Growing fitness awareness among the people has led to significant growth of the global functional fitness equipment market in the forecast period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Functional Fitness Equipment market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Brunswick Corporation (United States), Precor Incorporated (United States), Technogym (Italy), Escape Fitness (United Kingdom), Torque Fitness (United States), Concept2 (United States), Johnson Health Tech (United States), Total Gym Global (United States), Hampton Fitness (United States) and XFit Brands, Inc. (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Functional Fitness Equipment market by Type (Medballs, Bars & Plates, Flat Bench, Squat Rack, Rowing Machine, Kettlebells & Dumbbells and Others), Application (Health Clubs, Home/Individual, Hotels, Hospitals, Corporate Offices and Others) and Region.
On the basis of geography, the market of Functional Fitness Equipment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Functional Fitness Equipment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. OEMs will boost the Functional Fitness Equipment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Continuous Promotions and Advertisements About Functional Fitness Equipment
Market Growth Drivers:
Increasing Fitness Culture Coupled With Favorable Government Initiatives, Rising Number of Fitness Clubs and Increasing Participation of People in various Sports Activity and Rising Health Consciousness among the People
Challenges:
Fluctuating Raw Material Prices
Restraints:
Presence of Local and Unorgnized Players
Opportunities:
Rising E-commerce Availability of Functional Fitness Equipment, Growing Acceptance in Millennials and Growing Inclination towards Healthy Living
Market Leaders and their expansionary development strategies
In June 2023, TRX, a global leader in functional training equipment and education acquired of YBell, an Australian revolutionary fitness equipment company known for its innovative designs and versatile training tools. This strategic acquisition enhances TRX's cutting-edge, multi-purpose, patented product offerings and training solutions.
Key Target Audience
Functional Fitness Equipment Manufacturers, Research Organizations and Consulting Companies, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.