Global Elliptical Trainers Market, By Type (Front Drive, Rear Drive, Center Drive), Application (Residential, Commercial) – Industry Trends and Forecast to 2029.
Market Analysis and Size
Over the years, the quick change toward a healthier lifestyle has fueled demand for various gym or fitness equipment, including elliptical. The increased use of the elliptical further requires the elliptical trainers, which leads to increased demand for the elliptical trainers, thus influencing the market positively. Additionally, increased demand for elliptical trainers by aged population and those recovering from injuries is also anticipated to aid the market growth over forecasted period.
Global Elliptical Trainers Market was valued at USD 6,668.80 million in 2021 and is expected to reach USD 9,268.07 million by 2029, registering a CAGR of 4.2% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behavior.
Market Definition
Elliptical trainers are basically the most common type of training machines found in the gym. They assist in the strengthening of the cardiovascular system. Workouts for the quadriceps, glutes, hamstrings, and calve muscles are among the other functions. These exercise machines put less strain on the joints, lowering the chance of damage.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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By Type (Front Drive, Rear Drive, Center Drive), Application (Residential, Commercial)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
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Market Players Covered
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Core Health & Fitness, LLC (U.S.), iFIT (U.S.), SOLETreadmills (U.S.), Life Fitness (U.S.), Horizon Fitness, (U.S.), Precor Incorporated (U.S.), Brunswick Corporation (U.S.), Landice (U.S.), Johnson Health Tech (U.S.), Paramount Group (U.S.), FreeMotion Fitness (U.S.), SOLE Treadmills (U.S.), Smooth Fitness (U.S.), Octane Fitness (U.S.), NautilusThink Inc, (U.S.), Sports Art (U.S.), Technogym S.p.a (Italy) and Schwinn (U.S.)
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Market Opportunities
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Elliptical trainers Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Surge in Health Issues
The increase in chronic diseases, such as diabetes and heart attacks, and growth in obese population, further create outstanding demand for the elliptical trainers during the forecasted period.
The factors such as the improved lifestyle and rise in disposable income of individuals will further propel the growth rate of elliptical trainers market. Additionally, taking advantage of the increased popularity of online shopping, prominent manufacturers are refocusing their efforts to provide customers with a technologically engaging experience while perusing products will also drive market value growth over forecasted timeframe. Furthermore, the surge in awareness regarding health as well as fitness also boosts the overall market’s growth.
Opportunities
- Government Initiatives and Advancements
Furthermore, the government initiatives for promoting good health and increase in youth population further extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the launch of various advanced fitness equipment with high-tech devices that can be connected using smartphones will further expand the future growth of the elliptical trainers market.
Restraints/Challenges
- High Cost
However, high price of elliptical trainers will create hindrances for the growth of the elliptical trainers market.
- Surging Popularity of other Workouts
The growing popularity of other forms of workout will prove to be a demerit for the elliptical trainers market. Therefore, this factor is anticipated to challenge the elliptical trainers market growth rate.
This elliptical trainers market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the elliptical trainers market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Elliptical Trainers Market
The recent outbreak of coronavirus had a huge impact on the elliptical trainers market. The lockdowns to curb he diseases have resulted in shutdown of gyms across the globe which negatively affected the market. Moreover, there was huge disruption in supply chain which also hurdled the market growth. This has largely hampered the market’s growth over the forecasted period.
On the brighter side, there was rise in online sales of home gym equipment, home fitness has become a major possibility. The COVID-19 pandemic has had a substantial impact on enterprises and the economy, in addition to the serious implications for people's health and healthcare systems. The increased utilization of residential elliptical trainers is expected to boost the demand for the elliptical trainers.
Global Elliptical trainers Market Scope
The elliptical trainers market is segmented on the basis of type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Front Drive
- Rear Drive
- Center Drive
On the basis of type, the elliptical trainers market has been segmented into front drive, rear drive and center drive.
Application
- Residential
- Commercial
On the basis of application, the elliptical trainers market is segmented into residential and commercial.
Elliptical trainers Market Regional Analysis/Insights
The elliptical trainers market is analyzed and market size insights and trends are provided by country, type and application as referenced above.
The countries covered in the elliptical trainers market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the elliptical trainers market because of the surge in product innovation accompanies the increasing trend towards home gymnastics and due to the aging population of the region. Moreover, growing aging population along with the increasing health problems such as obesity within the region.
Asia-Pacific on the other hand, is estimated to show lucrative growth during the forecast period of 2022 to 2029 due to the increasing the population both young and aged and dominance of diabetes and obesity, among other conditions in the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Elliptical trainers Market Share Analysis
The elliptical trainers market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to elliptical trainers market.
Some of the major players operating in the elliptical trainers market are
- Core Health & Fitness, LLC (U.S.)
- iFIT (U.S.)
- SOLETreadmills (U.S.)
- Life Fitness (U.S.)
- Horizon Fitness, (U.S.)
- Precor Incorporated (U.S.)
- Brunswick Corporation (U.S.)
- Landice (U.S.)
- Johnson Health Tech (U.S.)
- Paramount Group (U.S.)
- FreeMotion Fitness (U.S.)
- SOLE Treadmills (U.S.)
- Smooth Fitness (U.S.)
- Octane Fitness (U.S.)
- NautilusThink Inc, (U.S.)
- Sports Art (U.S.)
- Technogym S.p.a (Italy)
- Schwinn (U.S.)
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