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The Worldwide Fitness Equipment Industry is Expected to Reach $14.5 Billion by 2027

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DUBLIN /PRNewswire/ — The ‘Global Fitness Equipment Market (2022-2027) by Product, Treadmill, End-User, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis’ report has been added to  ResearchAndMarkets.com’s offering.

The Global Fitness Equipment Market is estimated to be USD 12.38 Bn in 2022 and is expected to reach USD 14.52 Bn by 2027, growing at a CAGR of 3.24%.

Market dynamics are forces that impact the prices and behaviors of the stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors.

There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals. As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.

Company Profiles

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies’ recent development and competitive scenario. Some of the companies covered in this report are Aerofit, Amer Sports, Brunswick, Core Health And Fitness, Cybex International, etc.

Countries Studied

  • America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
  • Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
  • Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
  • Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

The report presents a detailed Ansoff matrix analysis for the Global Fitness Equipment Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification.

The matrix is also used for risk analysis to understand the risk involved with each approach. The analyst analyses the Global Fitness Equipment Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position. Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.

Why buy this report?

  • The report offers a comprehensive evaluation of the Global Fitness Equipment Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter’s 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains the competitive analysis using Positioning Quadrants, the analyst’s Proprietary competitive positioning tool.

Key Topics Covered:

1 Report Description

2 Research Methodology

3 Executive Summary

4 Market Dynamics
4.1 Drivers
4.1.1 Increase Instances of Obese People and Prevalence of Cardiovascular Diseases
4.1.2 Rising Awareness for Fitness and Surge in Number of Gyms and Fitness Clubs
4.1.3 Technically Advanced Fitness Equipment
4.1.4 Increasing Government Initiatives to Promote Healthy Life
4.2 Restraints
4.2.1 Limited Awareness About these Machines
4.3 Opportunities
4.3.1 Development of Wearable Technology and Incorporation of Smart Devices in Fitness Machines
4.3.2 Rising Disposable Income
4.4 Challenges
4.4.1 High Cost Associated with the Fitness Equipment

5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter’s Five Forces Analysis
5.3 Impact of COVID-19
5.4 Ansoff Matrix Analysis

6 Global Fitness Equipment Market, By Product
6.1 Introduction
6.2 Elliptical Machine
6.3 Rowing Machine
6.4 Stationary cycle
6.5 Strength Training Equipment

7 Global Fitness Equipment Market, By Treadmill
7.1 Introduction
7.2 Distribution
7.3 Offline Retail Store
7.4 Specialty Sports Shop
7.5 Sports Goods Store
7.6 Online Retail Store

8 Global Fitness Equipment Market, By End-User
8.1 Introduction
8.2 Commercial
8.2.1 Corporate Office
8.2.2 Hospitals & Medical Center
8.2.3 Hotels & Fitness Clubs
8.2.4 Public Institutions
8.2.5 School & Universities
8.3 Residential

9 Americas’ Fitness Equipment Market
9.1 Introduction
9.2 Argentina
9.3 Brazil
9.4 Canada
9.5 Chile
9.6 Colombia
9.7 Mexico
9.8 Peru
9.9 United States
9.10 Rest of Americas

10 Europe’s Fitness Equipment Market
10.1 Introduction
10.2 Austria
10.3 Belgium
10.4 Denmark
10.5 Finland
10.6 France
10.7 Germany
10.8 Italy
10.9 Netherlands
10.10 Norway
10.11 Poland
10.12 Russia
10.13 Spain
10.14 Sweden
10.15 Switzerland
10.16 United Kingdom
10.17 Rest of Europe

11 Middle East and Africa’s Fitness Equipment Market
11.1 Introduction
11.2 Egypt
11.3 Israel
11.4 Qatar
11.5 Saudi Arabia
11.6 South Africa
11.7 United Arab Emirates
11.8 Rest of MEA

12 APAC’s Fitness Equipment Market
12.1 Introduction
12.2 Australia
12.3 Bangladesh
12.4 China
12.5 India
12.6 Indonesia
12.7 Japan
12.8 Malaysia
12.9 Philippines
12.10 Singapore
12.11 South Korea
12.12 Sri Lanka
12.13 Thailand
12.14 Taiwan
12.15 Rest of Asia-Pacific

13 Competitive Landscape
13.1 Competitive Quadrant
13.2 Market Share Analysis
13.3 Strategic Initiatives
13.3.1 M&A and Investments
13.3.2 Partnerships and Collaborations
13.3.3 Product Developments and Improvements

14 Company Profiles
14.1 Aerofit
14.2 Amer Sports
14.3 Brunswick
14.4 Core Health And Fitness
14.5 Cybex International
14.6 Icon Health & Fitness
14.7 Impulse Health Tech
14.8 Johnson Health Tech
14.9 Nautilus
14.10 Nortus Fitness
14.11 Paramount
14.12 Technogym
14.13 Torque Fitness
14.14 TRUE Fitness Technology

15 Appendix

For more information about this report visit https://www.researchandmarkets.com/r/w0inez

For E.S.T Office Hours Call +1-917-300-0470
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Fax (outside U.S.): +353-1-481-1716

SOURCE Research and Markets

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Pickleball Kingdom Expands into Atlanta, Georgia

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ATLANTA /PRNewswire/ — Pickleball Kingdom, the premier brand in indoor pickleball, is thrilled to announce its expansion into Atlanta, Georgia. Led by passionate sports enthusiasts Nithi and Usha Anand, this move aims to bring the joy of pickleball to the vibrant community of Atlanta, catering to individuals of all ages and skill levels.

“We’re thrilled to bring Pickleball Kingdom to Atlanta with our indoor franchise locations,” stated Ace Rodrigues, Founder and CEO of Pickleball Kingdom. “Atlanta has a vibrant community, and we know the Anand family are the perfect ambassador for the sport.”

Pickleball Kingdom, known for its commitment to providing top-notch indoor facilities for pickleball players, is excited to introduce its renowned brand to Atlanta. With a focus on holistic health and the belief that movement is medicine, Nithi and Usha Anand are dedicated to creating a pickleball community where leading a healthy lifestyle is not only encouraged but also enjoyable for everyone.

“We are delighted to bring Pickleball Kingdom to Atlanta and contribute to the development of a thriving pickleball community in this area,” said Nithi and Usha Anand, franchise leaders of Pickleball Kingdom in Atlanta. “Our vision is to provide a welcoming space where individuals can engage in this exciting sport, improve their fitness, and connect with others who share a passion for pickleball.”

Pickleball, a paddle sport blending elements of tennis, badminton, and table tennis, has experienced a surge in popularity in recent years. Recognizing the growing demand for accessible indoor facilities, Pickleball Kingdom is committed to offering state-of-the-art courts equipped with technology to enhance the playing experience for enthusiasts in Atlanta.

Calling Franchisees

The expansion into Atlanta will offer individuals the opportunity to experience the excitement of pickleball in a welcoming and supportive atmosphere. Pickleball Kingdom invites aspiring entrepreneurs who share their passion for promoting active lifestyles to join them in this exciting venture as franchise partners.

“Similar to the rest of the country, the high demand for indoor pickleball in Atlanta metro is evident,” emphasized Rob Streett, COO of Pickleball Kingdom. “We are on the lookout for more ambitious partners who recognize the vast opportunities in the indoor pickleball industry. If you’re interested in seizing this opportunity, let’s connect.”

www.pickleballkingdom.com/franchise 

About Pickleball Kingdom:

Pickleball Kingdom is the largest indoor pickleball entity in the world. They are dedicated to providing exceptional facilities and fostering vibrant pickleball communities across the country. With a focus on promoting active lifestyles and building strong connections within communities, Pickleball Kingdom is committed to making pickleball accessible to players of all ages and skill levels.

SOURCE Pickleball Kingdom Franchising

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USTA MID-ATLANTIC FOUNDATION APPLAUDS APPROVAL OF ZONING APPLICATION FOR VILLAGE AT CLEAR SPRINGS

Decision and $2.5 million grant award are critical next steps for USTA Mid-Atlantic Tennis Campus

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LEESBURG, Va. /PRNewswire/ — The USTA Mid-Atlantic Tennis Campus – a planned best-in-class hub for health, wellness and community-building through sport – is now a critical step closer with the decision by the Loudoun County Board of Supervisors to approve the zoning application for the Village at Clear Springs. A key amenity within the Village at Clear Springs, the USTA Mid-Atlantic Tennis Campus will offer a transformative upgrade of indoor and outdoor courts and resources that will make it a year-round regional hub for economic growth and engaging environments that positively enhance lives.

In addition to the approval, the USTA has pledged $2.5 million in grant funding to the USTA Mid-Atlantic Foundation to invest in this critical, community-based infrastructure and support the mission to grow tennis.

“USTA Mid-Atlantic Foundation celebrates the approval of the zoning application for the Village at Clear Springs,” said Tara Fitzpatrick-Navarro, Chief Executive Officer, USTA Mid-Atlantic Foundation. “This important decision along with an unprecedented funding commitment are crucial steps forward that allow us to succeed in our ambitious vision to increase access to tennis for all people providing physical, social and emotional health benefits for today’s youth and adults of all ages.”

The USTA Mid-Atlantic Tennis Campus is planned to be open to the public and will feature 21 outdoor tennis courts, including a stadium center court, 10 indoor tennis courts, 8 outdoor pickleball courts and 12 indoor pickleball courts which will also be used for youth tennis, cardio tennis and beginner tennis instruction for adults. The tennis campus will feature space for fitness, wellness programs, community gatherings and large-scale competitions and events. It will serve as an accessible hub for health, education and fun, while being an important economic engine estimated to generate $8.5 million annually in economic impact. 

“One of the most important aspects of the tennis campus is the ability to extend into the community and activate the higher benefits of sport among those who may be under-resourced,” said Beth Twomey, Chief Operating Officer, USTA Mid-Atlantic Foundation. “Especially fundamental to the vision for the campus are community outreach and education programs that will help under-resourced youth and support schools through tennis, education and physical activity. We have built strong relationships in the county and are already taking action, now we can build on this momentum to create long-term and sustainable approaches through tennis and sport that create community, character, and well-being for all.”

The USTA Mid-Atlantic Foundation has invested $10 million in the project and is actively seeking lead corporate sponsors and donors to help achieve the vision and be an instrumental part of the tennis campus. The tennis campus project is anticipated to cost $42 million and the groundbreaking is planned for 2025.

For more information about the tennis campus, including ways to get involved visit https://ustamidatlantictenniscampus.com/.

View the tennis campus renderings here.

About USTA Mid-Atlantic Foundation:
USTA Mid-Atlantic Foundation is a 501(c)(3) nonprofit organization committed to promoting tennis and its physical, social, and emotional health benefits. Our mission is to promote and develop the growth of tennis. Our vision is tennis in EVERY community. For 100 years USTA Mid-Atlantic has been the leader for tennis in the region. We operate leagues, tournaments, and other outreach programs and events throughout the region for more than 30,000 adult and youth members in Washington D.C., Maryland, Virginia, and eastern and southern West Virginia. We support the community providers, facilities, and coaches that directly deliver the sport.

Follow us on social media at:
https://www.facebook.com/ustamidatlantic/
https://www.instagram.com/ustamidatlantic/

SOURCE USTA Mid-Atlantic Foundation

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RACKETPAL: LEADING UK SPORTS TECH BUSINESS ACHIEVES SIGNIFICANT USER GROWTH AND LAUNCHES STRATEGIC REVIEW

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LONDON /PRNewswire/ — RacketPal, a leading UK sports tech business, today announces that the Company has achieved a number of significant growth milestones and has launched a strategic review to ensure that the business continues to develop and grow, both here in the UK and internationally (the “Strategic Review”). 

Founded in 2019, London-headquartered RacketPal is the largest racket sports community in the UK that helps players be more physically active by encouraging them to be part of active communities, find local partners and games, book coaching lessons and join nearby clubs and venues. The business has previously raised millions of pounds, and the tech behind the RacketPal platform is of the highest calibre and is fully scalable – a new sport can be added very quickly with only a few clicks.

RacketPal has achieved significant user growth (126% year-on-year), with over 125,000 registered users; 6,000 club communities have been created to date.  The business recently launched a B2B offering which helps venues, clubs and leisure centres increase sport participation and bookings.

In the last 12 months, RacketPal has rolled out a number of product enhancements, such as wearables and contacts integration, double leagues, communities section, court booking shortcuts, added 5 new racket sports and implemented various safeguarding and safekeeping initiatives on the platform.

Robert Rizea, CEO and Co-founder of RacketPal, said “Our mission is to be the largest and most engaged sports community in the world; we have focused first on racket sports as there are 7 million racket sports players in the UK and 800 million players worldwide, but our platform can easily be adapted to cover any sport. We have achieved incredible growth and we are excited about what the future holds for us.”.

The Strategic Review includes RacketPal reviewing all its options, such as a growth investment and a full sale of the business. Exploratory conversations have already commenced with a number of potential domestic and international firms. The Strategic Review is being handled exclusively by Lazarus Consulting, the boutique M&A advisory firm.

ABOUT RACKETPAL

Launched in 2019 and available on the web, iOS and Android, RacketPal is a racket sports community where users can find local racket sports players, courts, clubs and instructors in seconds. RacketPal currently covers Tennis, Badminton, Table Tennis, Squash, Padel Tennis, Pickleball, Racquetball and Platform Tennis. Prior to launching RacketPal, Robert Rizea, RacketPal‘s Co-founder and CEO, was a No 1 ranked tennis player in Romania for 6 years. Please see www.racketpal.co.uk for more information.

ABOUT LAZARUS CONSULTING

Lazarus Consulting is an award-winning boutique advisory firm offering Business Development, Capital Raising, Corporate Development, and M&A services to clients primarily in the tech, media, and retail sectors. The firm is the exclusive corporate finance advisor to RacketPal. Please see www.lazarusconsulting.net for more information.

SOURCE RacketPal

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