What is Bench Press Market Scope?
A bench press is a bodybuilding and weightlifting exercise in which barbell is pushed upward from the chest till the arms are fully extended. The various benefits of using bench press such as increased upper body push strength, predictor of upper body strength, bigger pic major, stronger pec minor, shredded serratus anterior, iron forged diets, crazy strong triceps, look great on shirts, improved bone health, and other benefits. Rising health awareness and the need for an active lifestyle, significant growth in sports industry worldwide and growing equipment and facility spaces in fitness clubs, namely metabolic testing equipment, medical exercise areas, hot yoga studios, high altitude training rooms are expected to drive the growth of the bench press market over the years to come. Bench press machine is widely preferred for weight loss. In addition, in Feb 2018, as per an article published by CDC (Centers of Disease Control & Prevention), more than 68% of Americans over the age of 20 are overweight in 2017. Hence, increasing usage of bench press for weight loss has also played an important role in positively impacting the growth of the market
The Bench Press market study is being classified by Type (Decline Bench Press, Piturcal Bench, SS Adjustable Bench, Fitcare Incline and Others), by Application (Fitness Centre, Gym and Others) and major geographies with country level break-up.
Owing to intense competition in the market, numerous key players are trying to distinguish their service offerings by providing various benefits to survive in the highly competitive environment as well as providing a unique value proposition Analysts at AMA predicts that Vendors from United States will contribute to the maximum growth of Global Bench Press market throughout the predicted period.
Reebok International Ltd. (United States), Body Solid Inc. (United States), Johnson Health Tech Co. Ltd. (United States), Life Fitness Inc. (United States), Heinz Kettler GmbH & Co. KG (United States), PowerSport International Limited (United Kingdom), Icon Health & Fitness, Inc. (United States), S & T Welcare Equipments Private Limited (India), SD Fitness Equipment (India) and KEYS FITNESS PRODUCTS LP (United States) are some of the key players profiled in the study.
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Bench Press market by Type, Application and Region.
On the basis of geography, the market of Bench Press 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).
Market Influencers and their development strategies
On November 2016, the LA Fitness International, LLC (United State) Company was focusing on improving accessibility with the help of updating its policies in order to ensure that its locations should be accessible to all customers, after reaching an agreement with Attorney General Eric Schneiderman’s office. Therefore, these factors fueling the growth of the global bench press market over the forecast period.
On November 2017, Gold’s Gym (United States) has offered the opportunity to enroll in term life insurance, which provides coverage starting at more than USD 10,000, through Lincoln Financial. Hence, this will, in turn, propel the growth of the bench press market in future
Influencing Market Trend
- Technology Advancement of the Bench Press
- Increasing Efforts to Improve Physical Appearances
Market Drivers
- Rising Disposable Income Along With Changing Life Style
- Growing Number of Millennial and Baby Boomers Joining Fitness Clubs
- Increasing Collaborations between Fitness Training Centers and Corporates
Opportunities
- Rising Demand from Emerging Economics Such as China, India and Others
- Growing Health Awareness and Increasing Obesity among Consumers
Restraints
- Safety Regulations for the Usage of Bench Press
Challenges
- Problem Related to High Prices of Bench Press Products
Key Target Audience
Manufacturers of Bench Press, Suppliers of Bench Press, Wholesalers, Distributors and Retailers of Bench Press, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others
Customization available in this Study:
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To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also include significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets , To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.