Global Europe Fitness Equipment Industry Market Market Overview:
Fitness equipment consists of machines and monitoring devices required to perform physical exercises. Fitness exercises facilitate weight management, develop stamina and improve muscle strength. It also recommends physical exercise for certain medical treatments. In European countries, such as the UK, Germany, and France, increasing health awareness among the obese population has increased the demand for fitness equipment. Commonly observed commercial fitness equipment includes treadmills, stair climbers, weight-lifting machines, and stationary bicycles. Iincreasing demand from health clubs would ensure the overall growth of the Europe fitness equipment market.
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Increasing government and business initiatives
Market Growth Drivers:
Rising obese population in European countries
Increasing Changes in customer preferences
High costs of fitness equipment and Resale of used fitness equipment
Increased disposable income in several countries in the region and Increased Penetration of E-Commerce Platforms, the Internet, and Smartphones
Europe Fitness Equipment Industry Market is a fragmented market due to the presence of a large number of established competitors. The market is highly competitive with a few players occupying the major share. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are also planning strategic activities like partnerships, collaboration, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge
Some of the key players profiled in the report are Amer Sports Corporation (Finland), Nautilus, Inc. (United States), Brunswick Corp. (United States), Johnson Health Tech Ltd. (United Kingdom), Cybex International, Inc. (United States), ICON Health & Fitness, Inc. (United States), Technogym SpA (Italy), Tuntari New Fitness B.V. (United States), Kettler (GB) Limited (United Kingdom) and Torque Fitness LLC. (United States). Additionally, following companies can also be profiled that are part of our coverage like Core Health & Fitness LLC (United States), Precor Incorporated (United States), Body-Solid (Europe), Rough Fitness (United States) and SportsArt Fitness, Inc. (United States). Considering Market by Distribution Channel, the sub-segment i.e. Retail Stores will boost the Europe Fitness Equipment Industry Market market. Considering Market by Gender, the sub-segment i.e. Male will boost the Europe Fitness Equipment Industry Market market. Considering Market by End User, the sub-segment i.e. Health Clubs/Gyms will boost the Europe Fitness Equipment Industry Market market.
Latest Market Insights:
In December 2020, Peloton, a leading interactive fitness platform, acquired Precor, one of the largest global commercial fitness equipment providers with significant manufacturing facilities in the United States. Through the acquisition, Peloton plans to establish its US manufacturing capabilities, strengthen its research and development capabilities with Precor's highly skilled team, and accelerate Peloton's penetration into the commercial market.
In October 2020, Nautilus, Inc., an innovation leader in home fitness for over 30 years, sold its commercially focused Octane Fitness business to TRUE Fitness Technology, Inc. The sale of Octane Fitness coincides with larger strategic enhancements we are making as a business to streamline operations and accelerate change on the consumer side of the business.
What Can be Explored with the Europe Fitness Equipment Industry Market Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Europe Fitness Equipment Industry Market Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Europe Fitness Equipment Industry Market
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Europe Fitness Equipment Industry Market market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Europe Fitness Equipment Industry Market market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.