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Lucintel Report Outlines Growth Prospects for Global Fitness Industry Players During 2013-2018
Irving, Texas (PRWEB) March 08, 2013
The global fitness equipment industry is forecast to grow with a CAGR of 3.5% over the next five years (2013-2018) and reach an approximate $10.6 billion by 2018. Rising concern and awareness for healthy living, physical benefits, and exercise are among the major drivers for fitness equipment demand around the world.
Lucintel, a leading global management consulting and market research firm, has conducted a competitive analysis on the fitness equipment manufacturing industry and presents its findings in “Global Fitness Equipment Manufacturing Industry 2013-2018: Trends, Profit, and Forecast Analysis.”
The fitness equipment manufacturing industry comprises companies that manufacture fitness equipment for commercial and consumer markets. These establishments may design, develop, assemble, and manufacture fitness equipment. Brunswick Corporation (Life Fitness) and Johnson Health Tech. Co., Ltd, are the major players in this industry. Competitive rivalry in the industry is high. The existing players continuously try to maintain their market shares and drive growth by entering new regions and introducing technologically advanced products and product innovations.
As indicated by the study, several drivers are anticipated to fuel the market during the forecast period. Among these are rapid modernization of economies with increasing spending capacity, opening of new fitness centers/clubs and expansion of existing players in emerging economies; World Health Organization‘s physical activity recommendations, and governmental efforts to promote the benefits of exercise. The industry is expected to expand its presence India and China, as they possess good growth opportunities with expanding, new upper class populations and increasing purchasing power.
This industry research report provides an overview of the global fitness equipment manufacturing industry and tracks industry performance across four regions. The report studies manufacturers serving this segment, providing a five-year annual trend analysis that highlights market size, profit, and cost structure for the North America, Europe, Asia Pacific, and Rest of World regions. The report also provides a forecast, addressing market opportunities for next five years for each of these regions. Data represented in this report is Lucintel’s estimate based on research, analysis, M & A due diligence and its constituents.
For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at helpdesk(at)lucintel(dot)com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight, and cost efficiency. To learn more, visit http://www.lucintel.com
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