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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.

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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

Sports

Pickleball Kingdom Takes the Throne Becoming the First Global Pickleball Powerhouse

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PHOENIX /PRNewswire/ — It was just a matter of time before the fastest growing sport, pickleball, became America’s most popular export. A new era has begun. Pickleball Kingdom, the nation’s premier and largest entity of indoor pickleball facilities, has just become the world’s first international indoor pickleball franchise company


Pickleball Kingdom has signed a deal with Franchise India Group, the leading company in the world of bringing US brands into the Middle East.  Their agreement will lead to Pickleball Kingdoms initially opening in Dubai, India, and Abu Dhabi, with the rest of the UAE to follow.

Founder and CEO of Pickleball Kingdom, Ace Rodrigues exclaimed, “This is a dream come true. Global expansion was part of the plan from day one, and now we’re here. Currently we have 140+ locations in queue in the United States. With this partnership, we will double that number almost overnight. And this is just the beginning.”

Chairman of Franchise India Group, Gaurav Marya added, “Pickleball is taking the world by storm and Pickleball Kingdom is leading that charge. We’re excited to partner with them and head up this international expansion.”

Franchise India Group is now accepting applications from interested parties to participate in this global movement as franchisees. Venus Barak, CEO of FranGlobal explained, “We are looking for seasoned businesspeople who understand the value of having first market mover advantage. We will have these key stakeholders in place for each territory that we open.”

Pickleball has seen a growth rate of over 224% over the last three years, resulting in an estimated 36.5M pickleball players in the United States alone. And remarkably, 45% of them say they plan on playing more pickleball over the next year, according to YouGov. Universally, the biggest complaint against pickleball is that there aren’t enough courts to meet the demand to play… 

Enter Pickleball Kingdom’s franchise model. These climate controlled, indoor facilities offer lessons, leagues, tournaments, parties, team building events, and refreshments. Members and visitors have the option to reserve courts or participate in open play sessions.

Rob Streett, Pickleball Kingdom’s COO, stated, “Partnering with Franchise India Group gives us the immediate scale and reach to maximize our brand’s immediate entry and impact in the Middle East. We have been very methodical and intentional with our growth. This is just phase one of our expansion plan.”

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CEO Ace Rodrigues concluded, “The time has come. This is our entry onto the international stage. We will be in every country in the world inside of 5 years. One of our value statements is, ‘Pickleball is good for you physically, socially, and spiritually.’ I can’t wait to hear, ‘Welcome to the Kingdom!’ spoken in every language on the planet! Teammates, get ready, the Kingdom is coming!”

SOURCE Pickleball Kingdom

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New York City’s Largest Indoor Pickleball Destination Opens in THE PENN DISTRICT on April 15th as Life Time Expansion Continues

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NEW YORK /PRNewswire/ — As New Yorkers’ passion for pickleball and all things wellness continues to grow, Life Time (NYSE: LTH), is bringing an entirely new experience to office workers, commuters and neighborhood residents in the heart of THE PENN DISTRICT, with the opening of Life Time PENN 1 on April 15.

Life Time PENN 1 covers 54,000 square feet with debut of seven, street level pickleball courts and massive group training space, adding to the to boutique studios, recovery and rejuvenation floors.

The completion of the 54,000-square-foot luxury athletic club transforms the street level experience of the recently redeveloped 2.5-million-square-foot PENN 1 office tower with the debut of seven, street level pickleball courts – the most in New York City – along with the unveiling of a massive space for Life Time’s exclusive AlphaGTX, and UltraFit signature group training programs. The pickleball courts are available for reservations for open play, mixers, leagues, clinics and tournaments and the training space will offer more than 50 classes weekly by the city’s top coaches and personal trainers.

“Life Time continues to gain tremendous momentum across Manhattan and Brooklyn because of our incredible people, programs and places, including this new iconic destination at PENN 1,” said Parham Javaheri, Chief Property Development Officer and President of Club Operations. “The transformation of The PENN DISTRICT has been exhilarating to watch under the expertise of Vornado Realty Trust and brings Life Time to a whole new level in New York. We’re proud to be the wellness anchor for this entire area.”

The opening of the pickleball and training space complements Life Time’s thriving Class Collection boutique studios with nearly 60 classes offered weekly, and a functional training floor featuring state-of-the-art cardio and strength-based equipment, and dedicated spaces for recovery, relaxation and stretching with Life Time’s Dynamic Personal Training team. Members also have access to luxurious dressing rooms with saunas showers, plush amenities and complimentary lockers, and a juice bar with Life Time’s proprietary nutritional products. In total, the club covers a portion of three floors of the office tower.

As part of the redeveloped 55-story building, which sits directly atop Penn Station and serves global office tenants, Life Time is readily accessible to hundreds of thousands of daily commuters, visitors and locals alike.

“Life Time PENN 1 is a core piece of our vision for The PENN DISTRICT as a vibrant and welcoming community powered by the highest-quality amenities and operators,” said Glen Weiss, Executive Vice President of Office Leasing and Co-Head of Real Estate at Vornado. “From health and wellness options to an array of dining selections and inspired social spaces, The PENN DISTRICT offers residents, commuters, and visitors endless ways to come together, day and night and we’re thrilled Life Time Pickleball is a part of it.”

Life Time at PENN 1 is located at 250 West 34th Street and is open Monday through Friday from 6 a.m. to 9 p.m. and Saturday and Sunday from 7 a.m. to 7 p.m. It’s open for anyone to join with a Signature Membership or a Premier Membership, which includes pickleball. Both include access to all Life Time destinations nationwide and in Canada. Day passes are also available.
For additional information, visit lifetime.life/PENN1.

In addition to the completion at PENN 1, Life Time continues to grow its presence in New York City with plans to open Life Time Atlantic Avenue on April 19. Additional planned locations include The Brooklyn Tower and Park Avenue South.

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Life Time debuted in 2016 with Life Time Sky (605 W. 42nd Street). Since then, the Company has opened at the Ocean Residence in Battery Park (1 West Street); in the former New York Health & Racquet clubs at 23rd Street (Between 5th and 6th), NoHo (62 Cooper Sq.), and Midtown (110 W. 56th Street); the One Wall Street development (29 New Street), and at Front & York in Brooklyn (168 Front St., Brooklyn). Life Time’s opened its first permanent indoor pickleball courts in Manhattan at Life Time Sky in February 2023.

About Life Time®
Life Time (NYSE: LTH) empowers people to live healthy, happy lives through its portfolio of more than 170 athletic country clubs across the United States and Canada. The health and wellness pioneer also delivers a range of healthy way of life programs and information via its complimentary Life Time Digital app. The Company’s healthy living, healthy aging, healthy entertainment communities and ecosystem serve people 90 days to 90+ years old and is supported by a team of more than 37,000 dedicated professionals. In addition to delivering the best programs and experiences through its clubs, Life Time owns and produces nearly 30 of the most iconic athletic events in the country.

About Vornado Trust Realty
Vornado is a fully integrated real estate investment trust (“REIT”) with a portfolio of premier New York City office and retail assets and the developer of the new PENN DISTRICT. While concentrated in New York, Vornado also owns the premier assets in both Chicago and San Francisco. Vornado is a real estate industry leader in sustainability, with over 27 million square feet of LEED-certified buildings and over 23 million square feet at LEED Gold or Platinum.

SOURCE Life Time, Inc.

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VISTA RESIDENTIAL PARTNERS RECEIVES CITY OF PALM BEACH GARDENS APPROVAL FOR NEW LUXURY 221 UNIT MULTIFAMILY DEVELOPMENT

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PALM BEACH GARDENS, Fla. /PRNewswire/ — On April 4, 2024, Vista Residential Partners, a national multifamily development firm headquartered in Atlanta, GA received the City of Palm Beach Gardens, Fla., approval for a luxury 221-unit multifamily development, to be known as Gardens Vista Apartments.  


Located at the intersection of Central and Victoria Falls Boulevards, Gardens Vista will sit on 16 acres of the more than 50-acre tract of land known as Cimarron Cove. The community is in the heart of Palm Beach Gardens and lies within 0.5 miles of I-95, and less than 1.5 miles from PGA Blvd and Gardens Mall.

The Mediterranean-style complex will include 131 one-bedroom, 72 two-bedroom, and 18 three-bedroom apartments. Community amenities feature two pickleball courts, resort style swimming pool, more than one acre of walking trails, spacious gym, interactive game room, golf simulators, co-working space, 24/7 package concierge, vehicle charging stations, and a dog park. Designed by Niles Bolton Associates, the apartments will include stainless steel appliances, 9-foot ceilings, wood plank flooring, in-unit washer and dryers, and much more.

Vista has agreed to include 10% of its units to comply with the City’s workforce housing requirement. This aligns with Vista’s corporate commitment to provide workforce housing with attainable rents for those who want to live, work, and play in a well-planned community with modern units and top of the line amenities.

 According to Vista’s CEO, Eduardo de Guardiola, the approval is the culmination of a two year effort and collaboration between Vista and its consultants, which include Urban Design Studio, Kimley Horn & Associates, Niles Bolton Architects, all of whom worked extensively and alongside the City’s Planning and Zoning Staff to create a development plan that won unanimous approval from the City’s staff and City Council, as well as its neighboring homeowner association.

About Vista Residential Partners: Vista Residential Partners was founded in 2000 by Eduardo de Guardiola, an industry veteran with over 30 years of experience in multifamily investments. Headquartered in Atlanta, Georgia, Vista Residential Partners has 9 regional offices nationwide with a focus on the acquisition, development, and construction of multifamily and mixed-use communities. Its development pipeline consists of over 5,500 units nationwide, having an aggregate value in excess of $1.5 Billion Dollars.

Media Contact: Natalie de Guardiola, ndg@vistarp.com 

SOURCE Vista Residential Partners

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