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Fitness Equipment Services Market Share

Report ID: GMI443
Published Date: Apr 2024
Report Format: PDF

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Fitness Equipment Services Market Share

Best Buy and Fitness Machine Technicians dominate the market with over 15% of the market share. Companies in the fitness equipment services industry employ various strategies to bolster their presence. This involves dedicating resources to research and development to create inventive solutions, forging strategic alliances, securing crucial technologies, and consistently adjusting products to meet changing cybersecurity threats. This approach guarantees a competitive advantage in the ever-shifting market terrain.

Both Best Buy and Fitness Machine Technicians may have established strong brand reputations in the market. A well-known and trusted brand can attract more customers and contribute to a larger market share. Offering a wide range of fitness equipment services, including maintenance, repair, installation, and perhaps even product sales, can make a company more attractive to customers. Comprehensive service offerings can contribute to customer loyalty and a larger share of the market.

Fitness Equipment Services Market Companies

Major players operating in the fitness equipment services industry are:

Acumatica
FreshBooks
Intuit Inc.
Microsoft Corporation
NetSuite (Oracle)
Sage Group
SAP SE
Wave Financial Inc.
Xero
Zoho Corporation

Authors: Preeti Wadhwani, Aishwarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of fitness equipment services reached USD 3.1 billion in 2023 and is set to witness 3.5% CAGR from 2024 to 2032, owing to the rising popularity of at-home equipment services and growing trend toward home fitness worldwide.

The routine maintenance segment held over 35% share in 2023 and is expected to register an appreciable CAGR from 2024-2032, due to consumers and commercial establishments alike prioritizing preventive maintenance.

North America market recorded over 33% share in 2023 and is expected to register a commendable CAGR from 2024-2032, attributed to growing trend towards home gyms and commercial fitness centers, in the region.

Acumatica, FreshBooks, Intuit Inc., Microsoft Corporation, NetSuite (Oracle), Sage Group, SAP SE, Wave Financial Inc., Xero, and Zoho Corporation, are some of the major fitness equipment services companies worldwide.