Global Functional Fitness Equipment Market Overview:
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.
- Increasing Fitness Culture Coupled With Favorable Government Initiatives
- Rising Number of Fitness Clubs
- Increasing Participation of People in various Sports Activity and Rising Health Consciousness among the People
- Continuous Promotions and Advertisements About Functional Fitness Equipment
- Presence of Local and Unorgnized Players
- Rising E-commerce Availability of Functional Fitness Equipment
- Growing Acceptance in Millennials
- Growing Inclination towards Healthy Living
- Fluctuating Raw Material Prices
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.
Some of the key players profiled in the report are 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). Analyst at AMA Research see United States Manufacturers to retain maximum share of Global Functional Fitness Equipment market by 2026. Considering Market by Distribution Channel, the sub-segment i.e. Online will boost the Functional Fitness Equipment market. Considering Market by Sales Channel, the sub-segment i.e. OEMs will boost the Functional Fitness Equipment market.
Latest Market Insights:
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be provided prior to purchase
Research Methodology:The top-down and bottom-up approaches are used to estimate and validate the size of the Global Functional Fitness Equipment 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 Functional Fitness Equipment 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 by targeting key target audience that includes Functional Fitness Equipment Manufacturers, Research Organizations and Consulting Companies, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Others.
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.