Global commercial equipment market is set to witness a steady CAGR of 5.05% in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. Increasing health awareness and rising initiatives by government are the factors for the growth of this market.
The studies related to competitor analysis keeps competitive landscape clearly into focus with which businesses can decide or advance their own strategies to thrive in the market. This report also emphasizes on the global key manufacturers, market definition, description and analysis of the market competition landscape with the help of SWOT analysis. The report also puts a light on Growth Opportunity Assessment (GOA), Customer Insights (CI), Competitive Business Intelligence (CBI), and Distribution Channel Assessment (DCA).Granular market information can help clients take efficient business decisions and this market research report provides the same.
Few of the major competitors currently working in the global commercial equipment market are Technogym, www.johnsonfitness.com., Precor Incorporated., Cybex International, Inc, Amer Sports, Keiser Corporation, Matrix Fitness, Promaxima, Life Fitness., YanreFitness com., Trinity Health Technologies Pvt. Ltd., MANGOGYMEQUIPMENT.COM GUANGZHOU MANGO FITNESS CO.,LTD; VIVA FITNESS. INDIA, PRO BODYLINE FITNESS, Crbnlife, RADHEY MOHAN INTERNATIONAL, Cosco (India) Limited., United Fitness, Aerofit, Gympac Fitness Systems Pvt Ltd among others.
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Global commercial equipment market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of commercial equipment market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Developments in the Market:
In May 2019, KPS Capital Partners, LP announced that they are going to acquire the fitness business from Brunswick Corporation which will include their Life Fitness brand as well. This acquisition will help the life fitness to get better technology, innovation and growth so they can provide better services to their customers and strengthen their position in the market
In January 2016, Brunswick Corporation announced the acquisition of Cybex International Inc. which will be the part of the Brunswick life fitness portfolio. The main aim of the acquisition is to expand their commercial fitness equipment portfolio and provide the customers with better services and solutions. This will also help the company to meet the manufacturing cost reduction objectives more efficiently and effectively
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Rising obese population will drive the market growth
Growing interest of the healthy living will also enhance the growth of this market
Rising disposable income will also accelerate the market growth
Rapid urbanization and increasing pollution which are factor for ill health and stress; this factor drive the market growth
High cost of the commercial fitness equipment will restrain the market growth
Growth of used fitness equipment market will also hamper the growth of this market
Segmentation: Global Commercial Equipment Market
By End- User
University and School
Community, Sports Center
By Distribution Channel
Sports Goods Store
Specialty Sports Shops
Middle East and Africa
Key Insights in the report:
Competitive analysis of key competitors involved in the market
Complete analysis of market segmentation and which segments are set to flourish in the forecast period of 2019 to 2026
Market drivers and restraints analysis along with the analysis of the market structure
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