Commercial Fitness Equipment Market Challenges and Forecasts to 2022 by Leading Key Players

With regards to the vendor landscape, the global commercial fitness equipment market boasts prominent companies such as Brunswick Corporation (Life Fitness), Johnson Health Tech. Co., Ltd., Amer Sports Corporation, Technogym, Cybex, and Matrix Fitness, among others. Considering the presence of several large companies, the global commercial fitness equipment market witnesses the prevalence of a high degree of competition.

Therefore, in order to gain a competitive edge many of these enterprises have taken up mergers and acquisitions. Strategic collaborations are favored as well, as they offer the market players to expand their footprint within the industry. For instance, Cybex International was acquired by Brunswick Corporations in 2016. A majority of the companies operating in the global commercial fitness equipment market are more inclined toward forging long term partnerships with hotels and gyms to remain the sole supplier of fitness equipment for a longer term.

Meanwhile, strategies adopted by the market players leave a profound impact on the way the overall market functions. According to TMR, the global construction fitness equipment market will reach US$2.19 bn by the end of 2017. Exhibiting a CAGR of 4.8%, the market is forecast to value US$2.77 bn by the end of 2022.

 Key Factors Enabling Growth in Global Commercial Fitness Equipment Market

 According to the report, the commercial fitness equipment market is poised to surge at an impressive pace during the aforementioned forecast period. With people from around the world inclining towards healthier living, they are expected to dedicate more time on fitness and exercise. This is touted by experts as a chief factor enabling the market gain momentum over the last few years.

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Factors such as the rising incidence of chronic heart disorders and obesity on the back of increasingly prevailing sedentary lifestyle have compelled people to focus more toward their health. Also to benefit their citizens and encourage healthy living, governments from across several nations have introduced myriad initiatives and healthcare awareness programs. Given the scenario, the demand for commercial fitness equipment is expected to surge in the coming years.

Also rapid urbanization and increasing pollution due to industrialization, which are phenomenon inducing stress and ill health will play significant rolls in making consumers more willing to spend their time and money on fitness and exercise. Against this backdrop, nations around the world have witnessed increased gym membership especially among working and urban population. Furthermore, the rising awareness among geriatric population has helped the market gain pace as well. Besides this, baby boomer generation in Asia Pacific and Europe are increasingly enrolling in specialized health clubs and gyms, which bodes well for the global commercial fitness market.

 While technological advancements and advent of connected devices market have fuelled growth in the commercial fitness equipment market, leading companies are wary of the high cost of manufacturing these equipment. It is due to the same factor that a majority of consumers prefer to use public equipment at affordable member costs. Also the market is witnessing high demand for used fitness equipment as these machines can run a long time and are highly durable. These could pose threat to the global commercial fitness equipment market.

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 Nonetheless, advancements such as advent of wearable technologies and smartphone apps enabling consumers to monitor their vitals and performance, besides providing suggestions for personalized training, will enable the market gain impetus in the coming years.

 Global Commercial Fitness Equipment Market: Key Segments

 Among the various product types, the market is expected to witness considerably high demand for treadmills. According to the report, treadmills will hold dominance in the overall market. By the end of 2017, the segment is expected to account for nearly 38.1% of the global commercial fitness equipment market. Regionally North America is expected to offer lucrative prospects. The rising incidence of chronic ailments and obesity will help the market grow in the region. However, exhibiting a CAGR of 5.2% over the forecast period, Asia Pacific is expected to emerge as one of the most lucrative pockets for commercial fitness equipment sales.

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Nail Art Printer Market To Record A Robust Growth Rate For The COVID-19 Period 2027

Transparency Market Research delivers key insights on the global nail art printer market. In terms of revenue, the global nail art printer market is anticipated to expand at a CAGR of ~7% during the forecast period, owing to numerous factors, regarding which, TMR offers thorough insights and forecasts in the nail art printer market report.

A nail art printer is an electronic device used for printing various creative designs on fingernails. The nail art printer prints the design on the fingernails in seconds. The printer has numerous pre-defined and customized designs that can be printed according to choice. Currently, women are greatly exposed to beauty and fashion, and thus, nail art is a highly preferred beauty routine, leading to an increase in the demand for nail art printers.

In this market report, TMR estimates that, based on type, built-in computer printers are likely to be the most widely used product by the end of 2027, in the nail art printer market. Women are now more focused on their personality and looks, and spend considerable amounts on grooming. Increasing adoption of Western lifestyle supports the growth of the nail art and nail art printer market, globally.

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Most people consider their looks as an important attribute of their character, due to extensive professional competition in various sectors. This is a driving factor for beauty salons to increase their business by adding nail art technologies in their service offerings. All these factors are giving rise to the increasing demand for nail art printers. Rapid increase in the usage of nail art printers at nail salons, beauty parlours, fashion stores, hair salons, spa centres, and wedding studios, etc., is expected to be a major driving factor of this market.

Global Nail Art Printer Market: Prominent Regions

Asia Pacific is projected to show prominent growth in the nail art printer market in the near future, as nail art has been a part of traditional Japanese culture. China and Japan are expected to be prominent markets for nail art printer manufacturers during the forecasted timeline. Europe has been the biggest market for nail art printers over the years. Europe, along with North America, dominates the market. Affordability is one the major reasons for the growth of this market in North America and Europe. Rapid increase in the usage of nail art printers at residential and commercial spaces such as beauty parlors, wedding studios, fashion stores, nail salons, hair salons, and spa centers is projected to be a major driving factor for the nail art printer market during the forecast period.

Major brands are likely to focus on research & development to strengthen their footprint in the global nail art printer market. Companies are engaged in expanding their product portfolios. Manufacturers are focusing on reducing their cost of production so that the product is affordable for customers, and also to increase profitability for the sustainable growth of their businesses.

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Global Nail Art Printer Market: Key Players

Prominent companies operating in the global nail art printer market include Amy Beauty Equipment, Auto Nail, Create Beauty Technology Company Limited, Funai Electric Co., Ltd., Guangzhou Taiji Electronic Co., Ltd., Koizumi Seiki Corporation, Nailgogo, Qingdao Magnetic Digital Co., Ltd., Shenzhen Tuoshi Network Communications Co., Ltd., Yinghe Electronic Instruments Co., Ltd etc.

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Fishing Waders Market Development, Revenue and Gross Margin by 2030

Transparency Market Research delivers key insights on the global fishing waders market. In terms of revenue, the global fishing waders market is estimated to expand at a growth rate of ~7% during the forecasted timeline, owing to numerous factors regarding which TMR offers thorough insights and forecasts in the global fishing waders market report.

In the report, TMR predicts that the global fishing waders market would be largely driven by rising participation in outdoor recreational activities in the past few years in emerging markets across the world. Moreover, increasing demand for eco-friendly and improved materials is expected to boost the growth of the fishing waders market in the coming years.

According to the fishing waders market research report, in terms of product type, the market has been divided into chest waders, hip waders, and waist waders. Chest waders is expected to remain dominant in the global fishing waders market and their dominance is projected to continue during the forecast period. Presence of a large base of manufacturing players globally providing chest and waist fishing waders to users is also expected to influence the expansion of this segment in the coming years.

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Based on style, the global fishing waders market has been classified into boot foot waders and stocking foot waders. The boot foot waders segment held a dominant share in 2019 and is projected to hold the same position based on revenue generation during the forecast years, as the boot is permanently attached to the wader. Having the boot attached to the wader allows the angler to avoid having to buy separate wading boots.

Fishing Waders Market: Drivers, Opportunities, and Restraints

Globally, the use of fishing waders is expected to experience steady growth. The expansion of the fishing waders market is the result of rising participation in outdoor recreational activities in the past few years in various developing countries around the world, which increases spending on traveling among users. In 2018, around 48% of the U.S. population over the age of six took part in an outdoor activity at least once, which is expected to drive the fishing waders market in the coming years.

Distribution channels, such as e-Commerce, have become an easier option to cater to the demand of consumers. Presently, consumers can avail various options to choose different types of fishing waders through e-Commerce platforms or company-owned websites. Moreover, several discounts and price reductions, easy return of products, ease of payment, and access to information are a few benefits offered to consumers through online platforms, which is estimated to make the online channel lucrative in the near future. This is also projected to create new opportunities for the fishing waders market globally throughout the forecast period.

However, lack of skills related to effective fishery resource management in developing countries is likely to lead to overfishing and resource degradation. Thus, increasingly stringent regulations associated with overfishing and anti-dumping are a major factor likely to restrain the fishing waders market during the forecast period.

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Fishing Waders Market: Prominent Regions

In 2019, Asia Pacific dominated the global fishing waders market and the region is expected to continue its dominance in terms of both revenue generation and CAGR. China is the dominant fishing wader producer globally. Furthermore, strong product innovation among manufacturers with new designs and quality material that enable lightweight and durable waders are expected to boost the market during the forecast period.

Europe is projected to be the second fastest growing market during the forecast period, generating around 13% to 16% of the total fishing waders revenue globally. The fishing waders market grew in response to the growth in European aquaculture, driven by increasing Atlantic salmon production in Norway and the U.K., which is leading to the rise in demand for fishing waders in the region.

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Coffee Machines Market 2025 | Increasing Demand With Leading Key Players

Coffee machines are appliances used to brew coffee. Coffee machines work on various brewing processes. The process in which coffee machines use coffee grounds which are located in a metal strainer inside the pipe is the most common process. Thus, coffee machines save time and directly affect the taste of the coffee. Its application includes household, office, and commercial consumption.

There are various factors driving the global coffee machines market. Ease of use and consistent brewing results are some of the major factors responsible for growing demand for coffee machines globally. Continuously growing consumption of coffee in various regions of the world, rising disposable income, growing youth population, and the working class are propelling the demand for coffee machines. The demand for coffee machines is increasing rapidly owing to the expansion of coffee culture or the expansion of coffee shops and capsule systems.

Various types of coffee machines are available in the market,  boosting the global coffee machines market. Technological advancement is also driving the global coffee machines market. Demand for automatic coffee machines is increasing significantly, thereby boosting the growth of the coffee machines market. Smart coffee machines with Bluetooth or Wi-Fi connectivity is the recent trend in the global coffee machines market. These smart coffee machines can be accessed through smartphones and users can control it from anywhere inside the house and can also provide commands from a smartphone. However, high maintenance cost may hamper the global coffee machines market.

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The global coffee machines market can be segmented by product type, technology, end use, and geography. On the basis of product type, the global coffee machines market can be segmented into drip coffee machine, steam coffee machine, capsule coffee machine, and others. Capsule coffee machines segment is expected to expand at a significant rate owing to their growing demand. The demand for capsule coffee machines is increasing due to benefits provided by it such as convenience, cost effectiveness, and long life span. On the basis of technology, the global coffee machines market can be segmented into semi-automatic coffee machines and fully automatic coffee machines. Fully automatic coffee machines segment is anticipated to expand rapidly owing to the increasing advancements in technology.

Most of the companies in the market are offering smart coffee machines that can be controlled through smartphone by using Wi-Fi connectivity. In terms of end use, the market can be segmented into commercial and residential. Commercial segment is expected to rise during the forecast period owing to the growing consumption of coffee and increasing workplaces. On the basis of geography, the global coffee machines market can be segmented as North America, Europe, Asia Pacific, Middle East & Africa, and South America. The Asia Pacific region is anticipated to dominate the market over the forecast period owing to the increasing population, technological advancements, increasing disposable income, and growing number of workplaces. North America is also expected to contribute significant market share due to large number of coffee machine manufacturers and strong economy. Markets in emerging regions such as Middle East & Africa, and South America are expected to expand exponentially owing to the growing innovations and rapidly changing lifestyles.

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Cannabis Vaporizers Market to Register Exponential Growth During COVID-19 Pandemic

Transparency Market Research delivers key insights on the global cannabis vaporizers market. In terms of revenue, the global cannabis vaporizers market is estimated to expand at a growth rate of ~17% during the forecasted timeline, owing to numerous factors regarding which TMR offers thorough insights and forecasts in the global cannabis vaporizers market report.

In the report, TMR predicts that the global cannabis vaporizers market would be largely driven by factors such as usage of cannabis and cannabis extracts such as cannabis and wax in various parts of the globe. Increase in trend of using vapes is projected to boost demand for cannabis vaporizers in the near future.

According to the cannabis vaporizers market research report, based on type, the market includes portable/handheld, and desktop cannabis vaporizers. Portable or handheld cannabis vaporizers are anticipated to dominate the global cannabis vaporizers market. In terms of ingredients, dry herbs accounted for ~64% market share in the year 2019, as dry herb is cheaper in terms of price as compared to other cannabis extracts. Based on heating method, conduction vaporizers are considered as the preferred choice of consumers in recent years. This segment dominated the market in the year 2019.

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In terms of usage, the use of cannabis vaporizers for recreational purposes accounts for largest market share and is expected to maintain its dominance in the near future due to rapid increase in popularity of cannabis vaporizers, especially among teenagers and youngsters. On the basis of distribution channel, online mode of distribution held over 55% of the market share in terms of value in the year 2019. The online mode of distribution is projected to expand rapidly during the forecast period.

Cannabis Vaporizers Market: Drivers, Opportunities, and Restraints

The major driving factor for the cannabis vaporizers market are legalization of cannabis in several countries and rise in usage of cannabis for medicinal purposes. From 2018 onward, Canada legalized the usage of cannabis for recreational purposes. Uruguay is the second country to legalize usage of cannabis. Rise in advancement in terms of technology and launch of innovative cannabis vaporizers in the market is anticipated to create new business opportunities for manufacturers and distributors of cannabis vaporizers in the near future.

Strict rules and regulations imposed by federal governments of different countries regarding usage of cannabis and cannabis extracts are projected to be a restraint for the cannabis vaporizers market. Cannabis is considered illegal in several countries across the globe which includes Albania, Bahrain, Bahamas, Central African Republic, Indonesia, Hong Kong, and Hungary. Also, many other countries have only legalized the usage of cannabis for medical purposes but not for recreational purposes. These are considered as the restraining factors for the overall growth of the market.

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Cannabis Vaporizers Market: Prominent Regions

At present, North America dominates the global cannabis vaporizers market followed by Europe. Europe is projected to be an emerging market and anticipated to expand at a significant growth rate during the forecast period. In most European countries, usage of cannabis is considered legal for medical purpose. In the U.K., Germany, Georgia, Ireland, Italy, and the Netherlands, etc. usage of cannabis vaporizers are projected to rise in a significant manner in the near future. Georgia is one of the rare countries in Europe were usage of cannabis is legalized for recreational purposes as well. Several European nations have already implemented the policy of decriminalization and some of the countries are planning to implement in the near future.

In Middle & Africa, demand for cannabis vaporizers is low compared to other regions, since most of the countries, especially GCC countries have strictly prohibited the usage of cannabis, cannabis extracts, and other related products. These factors have impacted the growth of the cannabis vaporizers market in Middle East & Africa.

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Durable Juvenile Products Market to Register Incremental Dollar Opportunity During COVID-19 Crisis

• Durable juvenile products are designed for kids and children below the age of twelve years. These products consist of strollers, prams, carriers, cribs, cradles, cots, etc. The durable juvenile products market is segmented on the basis of product type, age group, end-user, distribution channel, and region. Childcare and juvenile products are manufactured with all the safety standards in place. Childcare products are highly regulated. As a result, safety aspects of children’s products have significant concerns and many countries have framed their own regulations and standards. Growing disposable income of parents, rising women workforce, and increasing urbanization are the major factors anticipated to drive the durable juvenile products market. Childcare centers and daycare services also extensively use a variety of kid’s products, which is positively impacting the durable juvenile products market across the globe.  

Rising Disposable Incomes and Growing Urbanization Projected to drive the Durable Juvenile Products Market

• Durable juvenile products are designed for a child’s comfort and safety. Strollers, prams, carriers, and baby cots & cradles provide comfort to the child and ease & convenience to the parents. Increasing birth rate and rapid urbanization are driving the durable juvenile products market globally. The discretionary income of parents has increased their purchasing power which is positively affecting the growth of the market. Parents majorly focus on the safety and comfort of the children, which has increased the sales of childcare products worldwide. The adoption of durable juvenile products is rising due to rapid urbanization and easy availability of these products on e-commerce websites.    

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New Innovative Toys and Childcare Products to Create Better Opportunities for the Durable Juvenile Products Market

• Various technological interventions have encouraged manufacturers to design and manufacture technologically advanced juvenile products. Technological advancements have given rise to smart products such as smart cribs, and smart strollers which is expected to create better opportunities for such products in the near future. Products with high-tech design and better functionalities are providing more ease and convenience during usage. People are adopting smart products nowadays, which is expected to boost the sale of smart durable juvenile products during the forecasted years.

Asia Pacific to Lead the Global Durable Juvenile Products Market

• In terms of region, the global durable juvenile products market can be divided into North America, South America, Europe, Asia Pacific, and Middle East & Africa.
• Europe includes the country-level analysis for the U.K., Germany, France, and Rest of Europe. North America durable juvenile products market country-level analysis includes Canada, the U.S., and Rest of North America. The South America durable juvenile products market is segmented into Brazil, and Rest of South America. Analysis and forecast of the durable juvenile products market in Asia Pacific features India, China, Japan, and Rest of Asia Pacific. Middle East & Africa covers the market analysis for GCC countries, South Africa, and Rest of Middle East & Africa.

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• The market in Asia Pacific is likely to witness maximum demand for durable juvenile products from 2021 to 2030 due to higher birth rate, rising disposable incomes, growing urbanization, and emergence of e-commerce websites.

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Hitter Based Hand Tools Market to Grow at Robust CAGR in the COVID-19 Lockdown Scenario

• Hitter based hand tools are simple hitting and striking tools which are used for various applications such as gardening, household chores, and construction. Hitter based hand tools do not have a motor or involve use of electricity, and hence are easy to maintain and operate and are cheaper than motor based tools. Hitter based hand tools comprise hammers, shovels, axes, crowbars, etc.
• The increasing trend of home landscaping, coupled with a growing middle class population and high standard of living is expected to drive the global hitter based hand tools market during the forecast period.

Key Drivers and Opportunities of the Global Hitter Based Hand Tools Market

• It has been observed that many people are engaging in gardening and landscaping activities. Involvement in such activities helps to reduce stress and elevate the mood. A safe and pollution-free surrounding is created around the house through gardening. Increasing home based activities such as installation of fixtures, gardening, and decoration requires hitter based tools. Moreover, the increasing trend of do-it-yourself (DIY) is expected to drive the global hitter based market during the forecast period.
• Demand for landscaping has increased in the commercial and residential sector. Consumers are willing to pay more for space with more gardening area. Gardening adds more value to the property and increases its resale value. These factors are expected to drive the hitter based tools market during the forecast period.

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Hitter based tools may face a threat due to increasing automation. Increase in automation has led to the introduction of a number of power tools. Power tools help in increasing productivity and efficiency; it also improves quality and saves time. Hence, the adoption of power tools may have a negative impact on the global hitter based hand tools market.

• The hitter based hand tools market is consolidated with the presence of many players. Key players are increasing their product portfolio and entering new geographies. Manufacturers are trying to improve the product by making it compact, lightweight, ascetically pleasing, and cost effective.
• The trend of gardening and landscaping can now be seen in developing regions which provide business opportunity for many manufacturers. Manufacturers are now increasing their presence on online distribution portals to increase their market share. All these factors are expected to drive the global hitter based hand tools market during the forecast period. 

North America to Hold Major Share of the Global Hitter Based Hand Tools Market

• Geographically, the global hitter based hand tools market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America.

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North America is expected to dominate the global hitter based hand tools market, with the U.S. the leading country in the region due to increasing industrialization

• The market in Asia Pacific is projected to expand at a high CAGR during the forecast period. This is due to increasing gardening and landscaping activities, growing middle class population, and increasing standard of living.

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