Gyms, fitness studios and chains
The clearest institutional buyer. Equipment is bought as a fleet and replaced on a cycle, which makes it a scheduled decision rather than an impulse one. The sites are many and the buying seats are few, because most of the volume sits under a small number of groups and franchise systems.
Who signs: studio owner or operator at independents, head of purchasing or equipment at the chains, expansion manager on new openings, franchise partner where the system devolves the choice.