Market Overview:
The global half racks market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for fitness equipment in gyms and homes, and the growing trend of functional training. Additionally, the increasing awareness about health and fitness among people is also contributing to the growth of this market. The global half racks market can be segmented on the basis of type into below 500 lb, 500-1000 lb, and above 1000 lb weight capacity segments. The below 500 lb weight capacity segment is expected to account for a major share of the global half racks market during the forecast period owing to its low cost and easy portability. However, with rising obesity levels across different regions, there is an increasing demand for heavy-duty equipment such as half racks that can accommodate more weight. This is expected to drive growth in the above 1000 lb weight capacity segment duringthe forecast period. North America held majority share in Global Half Racks Market by Region in 2017 . Asia Pacific Excluding Japan (APEJ) region will have highest CAGR over Forecast Period .
Product Definition:
A half rack is a piece of gym equipment that can be used to perform a variety of exercises. It is essentially two metal frames that are connected by a hinge, and it has four adjustable posts on each frame that allow the user to vary the height of the rack. The half rack can be used for squats, bench presses, shoulder presses, and many other exercises.
Below 500 lb:
Below 500 lb, it's usage.
The below 500-lb capacity rack is the most popular choice among small to medium-sized businesses. It offers features such as low cost per foot, high density (weight/distance), and low center of gravity that make it ideal for a wide range of applications.
500-1000lb:
500-1000lb is a type of dead load weight capacity material handling equipment. It's used in half racks for storage and shipping of heavy commercial goods. 500-1000lb dead load trucks are commonly used by logistic companies, freight railroads, and individual businesses for the transportation of goods.
Application Insights:
The home application segment led the market and accounted for more than 54.0% share of the global revenue in 2017. The growth is attributed to increasing demand from end-users, such as consumers, professionals working out at home or in gymnasiums and commercial users including hotels, restaurants and hospitals. Furthermore, half racksets are easy to install as they do not require much space on a wall; thus making it suitable for use at homes or apartments.
The office application segment is expected to witness significant growth over the forecast period owing to rising demand among professionals who workout at their offices daily or weekly basis. Moreover, half rackets can be used by multiple people since they can be adjusted according with different heights thereby making it suitable for use in offices only if there are enough ceiling clearance spaces available there too.
Regional Analysis:
North America dominated the global half racks market in 2017. The region is expected to witness a CAGR of XX% from 2018 to 2030. This growth can be attributed to increasing home remodeling activities, which will drive the demand for storage equipment and furniture in the U.S., Canada, and Mexico.
Growth Factors:
- Increasing demand for small and medium-sized businesses: The growth of the SMB sector is a key driver for the Half Racks market. SMBs are increasingly adopting Half Racks to manage their growing storage needs. This is due to the benefits offered by Half Racks, such as scalability, affordability, and efficiency.
- Proliferation of big data and IoT: The growth of big data and IoT is another key driver for the Half Rack market. As organizations generate more data, they need efficient storage solutions that can handle large volumes of data quickly and easily. Half racks offer an ideal solution for this requirement, making them a popular choice among businesses today.
- Growing popularity of hybrid cloud deployments: Hybrid cloud deployments are becoming increasingly popular among businesses due to their many benefits, such as cost savings, flexibility, and improved performance .Half racks are well-suited for hybrid cloud deployments thanks to their scalability and affordability .This is driving demand for Half Rack solutions in the market today .
Scope Of The Report
Report Attributes
Report Details
Report Title
Half Racks Market Research Report
By Type
Below 500 lb, 500-1000lb, Above 1000 lb
By Application
Home, Office, Gym, Others
By Companies
Titan Manufacturing and Distributing, Rogue Fitness, Rep Fitness, York Barbell, Technogym, Gym80 International, Life Fitness, Matrix Fitness, Tunturi New Fitness, Precor, Alexandave Industries, Panatta
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
178
Number of Tables & Figures
125
Customization Available
Yes, the report can be customized as per your need.
Global Half Racks Market Report Segments:
The global Half Racks market is segmented on the basis of:
Types
Below 500 lb, 500-1000lb, Above 1000 lb
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Home, Office, Gym, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Titan Manufacturing and Distributing
- Rogue Fitness
- Rep Fitness
- York Barbell
- Technogym
- Gym80 International
- Life Fitness
- Matrix Fitness
- Tunturi New Fitness
- Precor
- Alexandave Industries
- Panatta
Highlights of The Half Racks Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Below 500 lb
- 500-1000lb
- Above 1000 lb
- By Application:
- Home
- Office
- Gym
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Half Racks Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Half racks are a type of rack that is half the height of a full rack. They are typically used in restaurants and other food-service establishments to hold plates, cups, and other small items.
Some of the key players operating in the half racks market are Titan Manufacturing and Distributing, Rogue Fitness, Rep Fitness, York Barbell, Technogym, Gym80 International, Life Fitness, Matrix Fitness, Tunturi New Fitness, Precor, Alexandave Industries, Panatta.
The half racks market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Half Racks Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Half Racks Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Half Racks Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Half Racks Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Half Racks Market Size & Forecast, 2020-2028
4.5.1 Half Racks Market Size and Y-o-Y Growth
4.5.2 Half Racks Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Below 500 lb
5.2.2 500-1000lb
5.2.3 Above 1000 lb
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Home
6.2.2 Office
6.2.3 Gym
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Half Racks Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Half Racks Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Below 500 lb
9.6.2 500-1000lb
9.6.3 Above 1000 lb
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Home
9.10.2 Office
9.10.3 Gym
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Below 500 lb
10.6.2 500-1000lb
10.6.3 Above 1000 lb
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Home
10.10.2 Office
10.10.3 Gym
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Below 500 lb
11.6.2 500-1000lb
11.6.3 Above 1000 lb
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Home
11.10.2 Office
11.10.3 Gym
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Below 500 lb
12.6.2 500-1000lb
12.6.3 Above 1000 lb
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Home
12.10.2 Office
12.10.3 Gym
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Below 500 lb
13.6.2 500-1000lb
13.6.3 Above 1000 lb
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Home
13.10.2 Office
13.10.3 Gym
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Half Racks Market: Competitive Dashboard
14.2 Global Half Racks Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Titan Manufacturing and Distributing
14.3.2 Rogue Fitness
14.3.3 Rep Fitness
14.3.4 York Barbell
14.3.5 Technogym
14.3.6 Gym80 International
14.3.7 Life Fitness
14.3.8 Matrix Fitness
14.3.9 Tunturi New Fitness
14.3.10 Precor
14.3.11 Alexandave Industries
14.3.12 Panatta
