Artificial Intelligence
Fitness Equipment Market Trends | North America, Europe, & APAC Industry Statistics 2020-2026: Graphical Research
Pune, India, Feb. 18, 2021 (GLOBE NEWSWIRE) —
The fitness equipment market is predicted to expand at a substantial CAGR during the forecast period. With the rising emphasis on improving the functioning of one’s immune system in the wake of the COVID-19 pandemic, health & fitness is garnering increasing attention amongst the worldwide population. This growing consciousness pertaining to the maintenance of optimum fitness has been pushing the demand for fitness equipment on a global scale.
The following 9 trends are expected to mark the progression of the fitness equipment market outlook:
Connected gym equipment across North America
With the internet of things (IoT) making inroads into almost every sector, the trend of connected devices across gyms and fitness centers is gaining ground. The advancements in technology have been popularizing smart and wearable devices, featuring integration with artificial intelligence (AI) and cloud technologies.
This trend has been encouraging individuals to engage in immersive workout sessions, enhancing their experience. The North America fitness equipment market share is slated to expand with numerous market players offering customized solutions to their customers via digitally connected fitness equipment.
Access sample pages of the report, “North America Fitness Equipment Market Size By End Use (Home, Health Clubs, Office, Hotel), Equipment (Cardiovascular, Strength Training), Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecasts 2026” in detail along with the table of contents (ToC) @
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Spiraling health club memberships across U.S.
With the number of health club memberships soaring in the U.S., the North America fitness equipment industry forecast is expected to progress significantly. The reopening of health clubs, fitness centers, and gyms has ensured that the volume of these memberships expands further after the coronavirus pandemic. During 2018, the total number of gym memberships was over 62 million, according to the International Health, Racquet & Sportsclub Association (IHRSA).
Additionally, the demand for gym equipment such as leg press machines is likely to augment considerably across health clubs by 2026, since these machines are suitable for beginners as well as people recovering from injuries. The growing focus toward the development of glutes, quads, and hamstrings has been promoting the adoption of leg press machines across the region.
Gym infrastructure across North American corporate sector
In order to ensure optimal health & fitness of their employees, several corporate companies including Microsoft, Intel, and Google have been providing gym and health center facilities across their campuses. A significant number of enterprises have realized the need to provide employees with resources to maintain their health. The concerns regarding the overall health & wellbeing as well as optimum productivity of the workforce is expected to push the demand for gym equipment across North American countries.
Cardiovascular gym equipment to sees higher demand
The rising risk of heart conditions manifested through the surging number of heart failure cases in the region has been fostering the demand for cardiovascular equipment in North America. The cardio equipment segment held a share of more than 50% of the total revenue during 2019.
Efforts toward achieving weight loss and improved heart health has been driving the regional fitness equipment market outlook. Exercise bikes, treadmills, climbers, and elliptical machines are some types of cardio equipment displaying consistent adoption.
Strength equipment to gain traction across Europe
As strength equipment can significantly boost bone health and offer relief in conditions such as arthritis, the demand for dumbbells, barbells, and free weights has been seeing a rising curve in the recent past. The lower costs of this equipment make them an ideal choice for individuals who prefer home gyms. These factors have been fueling the Europe fitness equipment market outlook. In addition, one can expect the health & fitness sector to regain momentum post the COVID-19 crisis.
Access sample pages of the report, “Europe Fitness Equipment Market Size By End Use (Home, Health Clubs, Office, Hotel), Equipment (Cardiovascular, Strength Training), Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecasts 2026” in detail along with the table of contents (ToC) @
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Home gym equipment use to expand across in Europe
The trending popularity of home workouts and virtual workout sessions across the European countries has been spurring the expansion of the home gym equipment segment. With the COVID-19 pandemic forcing the closure of gyms and fitness clubs, home workouts are increasingly being preferred even in post-pandemic times due to their high convenience and lower costs.
Several market players have been seeking to stay ahead of the curve by offering live workout classes with an experienced fitness trainer to customers. For instance, Technogym introduced its live digital platform through which operators can stream studio classes or clubs to the members at home.
Growing awareness regarding health & fitness across APAC
Triggered by the spiraling prevalence of chronic conditions such as diabetes and cardiovascular disorders, a significant rise in health-related awareness is observed amongst the population across Asia Pacific. The growth in the spread of information about heart health and the risks posed by health conditions such as obesity has been creating more demand for commercial gym equipment and home gym equipment alike. Across developing countries gym equipment is now available with easy financing and payment options.
Access sample pages of the report, “APAC Fitness Equipment Market Size By End Use (Home, Health Clubs, Office, Hotel), Equipment (Cardiovascular, Strength Training), Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecasts 2026” in detail along with the table of contents (ToC) @
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Spike in deployment across leading hotels in Asia Pacific
Numerous leading hotels across Asia Pacific have been offering gym facilities as part of their enhanced infrastructure. For instance, in Singapore the prominent hotels such as The Westin and Marina Bay Sands provide a 24-hour gym facility to guests. The growing demand from hotels has been generating higher revenue across the Asia Pacific fitness equipment industry forecast. The thriving hospitality sector will certainly add to this propulsion.
Rising burden of heart disease across Asia Pacific
The marked rise in the prevalence of heart disease in countries such as India, Singapore, and Taiwan has been responsible for the growth in the deployment of cardio gym equipment in the region for promoting heart health. During 2017, every passing 25 minutes bore witness to one death due to heart disease in Taiwan, according to the Taipei Times.
About Graphical Research:
Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle.
Contact Us: Parikhit B. Corporate sales, Graphical Research Phone: 1-800-986-6917 Email: [email protected] Web: https://www.graphicalresearch.com
Artificial Intelligence
Global Insurance Provider Selects 3CLogic to Streamline AI and Contact Center Capabilities with ServiceNow
Multinational Insurance Broker to deploy 3CLogic’s solution with ServiceNow’s Financial Service Operations (FSO) platform to streamline customer experiences.
ROCKVILLE, Md., April 25, 2024 /PRNewswire/ — 3CLogic, the leading Conversational AI and Contact Center solution for ServiceNow®, today announced its selection by a global insurance provider to replace its existing contact center infrastructure as part of a larger CX transformation effort. The strategic decision is designed to complement the organization’s use of ServiviceNow’s Financial Services Operations (FSO) offering leveraged across a number of its existing product lines including Customer Warranty Claims, Roadside Assistance, and Home Warranties.
Serving millions of customers worldwide with innovative insurance and protective products, the organization required a solution that would enhance its recent investment in the ServiceNow platform as it works to transform its end-to-end customer service operations. The deployment will incorporate several of 3CLogic’s AI-powered capabilities purpose-built for ServiceNow, including Conversational AI, Speech Analytics, and AI Performance & Coaching, along with integrated call transcriptions, convenient 2-way SMS, and ServiceNow-centralized contact center reporting.
“We continue to see enterprises eager to complement their existing investment in digital platforms, such as ServiceNow, with contact center features purpose-built to extend the workflows and features they already have and use,” explains Matt Durkin, VP of Global Sales at 3CLogic. “It’s no secret that organizations are already juggling too many systems, often with overlapping capabilities, which impacts ROI and operational efficiency. We’re proud to offer an alternative approach that helps simplify the technology stack while optimizing the overall operational costs and outcomes.”
Recently named to Constellation Research’s 2024 Shortlist for Digital Customer Service and Support, 3CLogic has seen global adoption of its solution by leading enterprises in healthcare, manufacturing, travel, retail, higher education, finance, non-profits, and Managed Service Providers across five continents. As a ServiceNow-certified Technology and Build partner with offerings available for ServiceNow’s IT Service Management, Customer Workflows, HR Service Delivery, and Source-to-Pay solutions, the company will be unveiling its latest set of capabilities at ServiceNow’s annual Knowledge 2024 event this May in Las Vegas.
For more information, please contact [email protected].
About 3CLogic3CLogic transforms customer and employee experiences with its leading Cloud Contact Center and AI solutions purpose-built to enhance today’s leading CRM and Customer Service Management platforms. Globally available and leveraged by the world’s leading brands, its offerings empower enterprise organizations with innovative features such as intelligent self-service, generative and Conversational AI, agent automation & coaching, and AI-powered sentiment analytics – all designed to lower operational costs, maximize ROI, and optimize each interaction across IT Service Desks, Customer Support, Sales or HR Services teams. For more information, please visit www.3clogic.com.
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View original content:https://www.prnewswire.co.uk/news-releases/global-insurance-provider-selects-3clogic-to-streamline-ai-and-contact-center-capabilities-with-servicenow-302127739.html
Artificial Intelligence
ScreenPoint Medical Leadership Transition: Pieter Kroese Confirmed as CEO
Leading Breast AI Company, creator of industry-leading Transpara®, promotes from within for new CEO
NIJMEGEN, Netherlands, April 25, 2024 /PRNewswire/ — ScreenPoint Medical, today announced a significant transition in its leadership as Mark Koeniguer, the current CEO, steps down from his position. Mark served as CEO since 2022 and was instrumental in ScreenPoint’s commercial growth and success over the past 2 years.
The company’s Board of Directors has appointed Pieter Kroese as the new Chief Executive Officer effective April 25, 2024. Pieter takes the role after serving as COO of ScreenPoint for over five years. During that time, he has managed the transition of the company from an early startup to a thriving enterprise with hundreds of customers using ScreenPoint’s flagship Transpara software to support millions of scans a year.
“I am thrilled to lead ScreenPoint into its next phase of growth and innovation,” said Mr. Kroese. “I am deeply committed to building upon the strong foundation we have and continuing to work closely with our talented team to drive continued success. We are already expanding screening capacity and capability through proven reader support – we look forward to increasing our ability to support providers and women moving forward.”
Sir Michael Brady, Chairman of the Board at ScreenPoint Medical and a co-founder of the company, expressed enthusiasm about Pieter’s appointment, stating, “Pieter’s remarkable leadership qualities, coupled with his depth of knowledge of our product and industry, make him the perfect choice to lead ScreenPoint into the future. His strategic mindset and commitment to excellence align perfectly with our company mission of early breast cancer detection. Pieter has been an integral part of our growth to date and will provide seamless leadership through this transition into our next chapter for our customers, partners, and team.”
Author of “No Longer Radical” and over a hundred peer-reviewed publications on breast imaging, Dr. Rachel Brem is a Transpara user and ScreenPoint Board Member. Dr. Brem welcomed Mr. Kroese with the following: “Pieter has been an integral part of the ScreenPoint team for years. I am confident that his leadership will continue to deliver product excellence: earlier detection with outstanding reading workflow and improved patient outcomes. We continue to see these results from clinical sites all over the world, including many here in the United States. No other Breast AI solution has demonstrated the same results as Transpara, and I am confident that the team will continue to push on these frontiers under Pieter’s leadership.”
The entire team at ScreenPoint extends its gratitude to Mark Koeniguer and wishes him every success in the future, while warmly welcoming Pieter Kroese into his new role as CEO.
About ScreenPoint Medical
ScreenPoint Medical translates cutting edge machine learning research into technology accessible by radiologists to improve screening workflow, decision confidence and breast cancer risk assessment. Transpara is trusted by radiologists globally because it has been developed by experts in machine learning and image analysis and updated with user feedback from world-renowned breast imagers.
See all the proof at: https://screenpoint-medical.com/evidence.
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View original content:https://www.prnewswire.co.uk/news-releases/screenpoint-medical-leadership-transition-pieter-kroese-confirmed-as-ceo-302127719.html
Artificial Intelligence
Robotics Market to Surpass USD 126.96 Billion by 2031 | SkyQuest Technology
WESTFORD, Mass., April 25, 2024 /PRNewswire/ — The growing need for automation, technological developments, and long-term cost reductions are driving a robust expansion in the worldwide robotics market. SkyQuest projects that Global Robotics Market size is poised to grow from USD 41.50 Billion in 2023 to USD 126.96 Billion by 2031, at a CAGR of 15% during the forecast period (2024-2031).
Download a detailed overview:
https://www.skyquestt.com/report/robotics-market
Browse in-depth TOC on the “Robotics Market”
Pages – 202Tables – 64Figures – 75Robotics Market Overview:
Report Coverage
Details
Market Revenue in 2023
$41.50 billion
Estimated Value by 2031
$126.96 billion
Growth Rate
Poised to grow at a CAGR of 15%
Forecast Period
2024–2031
Forecast Units
Value (USD Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
Application, End Users, and Region
Geographies Covered
North America, Europe, Asia Pacific, and the Rest of the world
Report Highlights
Collaborative Robotics
Key Market Opportunities
Prompting Several Industries to Adopt Automation Technologies
Key Market Drivers
Increasing Demand for Automation
Surge of Automation is Supporting Growth of Robotics Industry
The industrial sector is generating high revenues for the global robotics market owing to extensive automation in manufacturing, which increases productivity and lowers overall production costs. Assembly line, painting, and welding robots have become essential, thereby propelling substantial market expansion in the automotive, electronics, and heavy duty sectors. Due to the increased usage of robots for non-manufacturing functions such as customer service, shipping, and healthcare, the services sector is expanding quickly. This rapid growth is being driven by technological improvements and the push for automation in services.
Surge in Advance Robotics is Bolstering Market Growth
The use of robotics in manufacturing processes is growing, and innovation in this field is happening quickly worldwide. By increasing productivity, efficiency, and precision, advanced robotics technologies—such as AI-driven automation systems and collaborative robots, or cobots—are transforming the manufacturing sector. The dominance of manufacturing in the worldwide robotics market is fuelled by the integration of robotics into manufacturing facilities, which helps businesses remain competitive in today’s dynamic market scenario.
Rising Interest in Service Robotics is Driving Demand for Robotics in Asia Pacific
Due to the strong demand for industrial and service robots in the region, Asia Pacific now leads the global robotics industry. China, Japan, and South Korea are among the nations that have made significant investments in the robotics sector recently. The Middle East and Africa are anticipated to register the fastest-growing rate for the global robotics market. The expansion is ascribed to the region’s growing adoption of automation technology, especially in the manufacturing and logistics industries.
Request Free Customization of this report:
https://www.skyquestt.com/speak-with-analyst/robotics-market
Drivers:
Increasing Demand for AutomationAdvancements in AI and Machine Learning TechnologiesRestraints:
High Initial InvestmentsLack of Skilled WorkforceProminent Players in Global Robotics Market:
FANUC America Corporation (US)Epson Robotics (Japan)Staubli International AG (Switzerland)YRG Inc. (US)Comau S.p.A. (Italy)Northrop Grumman Corporation (US)Honda Motor Co., Ltd. (Japan)Seiko Epson Corporation (Japan)Yamaha Motor Co., Ltd. (Japan)Adept Technology, Inc. (US)View report summary and Table of Contents (TOC):
https://www.skyquestt.com/report/robotics-market
Key Questions Answered in Global Robotics Market Report
How big is the global robotics market, and what compound annual growth rate (CAGR) is it anticipated to deliver between 2024 and 2031?Which industries are fuelling the need for automation and fostering the expansion of the robotics sector?What impact have recent technological advancements and innovations had on the direction of the robotics market?Which well-known companies in the robotics industry are also major players in the global robotics market?This report provides the following insights:
Analysis of key drivers (increasing demand for automation across industries, improved the overall efficiency, productivity of the processes, demand for automation), restraints (high initial investments, difficult for small and medium-sized enterprises to invest, robots, sensors, and other equipment required not delivered), opportunities (advancements in AI and machine learning technologies, new opportunities for the robotics market, perform complex tasks with high accuracy), and challenges (lack of skilled workforce, maintenance of these robotics systems) influencing the growth of robotics marketMarket Penetration: Comprehensive information on the product portfolios offered by the top players in the robotics marketProduct Development/Innovation: Detailed insights on the upcoming trends, R&D activities, and product launches in the robotics marketMarket Development: Comprehensive information on lucrative emerging regionsMarket Diversification: Exhaustive information about new products, growing geographies, and recent developments in the marketCompetitive Assessment: In-depth assessment of market segments, growth strategies, revenue analysis, and products of the leading market players.Related Reports:
Global Service Robotics Market
Global Soft Robotics Market
Global Warehouse Robotics Market
Global Cloud Robotics Market
Global Robotic Welding Market
About Us:
SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.
We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization have expanded our reach across North America, Europe, ASEAN and Asia Pacific.
Contact:Mr. Jagraj SinghSkyquest Technology1 Apache Way,Westford,Massachusetts 01886USA (+1) 351-333-4748Email: [email protected] Our Website: https://www.skyquestt.com/
View original content:https://www.prnewswire.co.uk/news-releases/robotics-market-to-surpass-usd-126-96-billion-by-2031–skyquest-technology-302127230.html
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