Global Lateral Fitness Equipment Market, By Type (Treadmill, Elliptical, Exercise Bike, Shoulder Press Machine, Chest Press Machine), Body Type (Upper Body, Lower Body), Distribution Channel (Online, Offline), End User (Home, Apartment, Health Club/Gym, Hotel, Corporate Office, and Public Institution, Hospitals and Medical Centre) – Industry Trends and Forecast to 2029
Market Analysis and Size
Regular physical activity plays a vital role in sustaining a happy and healthy lifestyle. One of the best ways to attain physical fitness is following a workout routine that lets you stick to your fitness target. Lateral fitness equipment are play important role for maintaining healthy lifestyle. They are highly used for cardio, which maximizes the cardiovascular health. Exercise bike and Treadmills are highly popular lateral fitness equipment overall the globe. Increase in trend of setting up a home gym is projected to deliver substantial opportunities for distributor and manufacturers of lateral fitness equipment during forecast period.
Data Bridge Market Research analyses that the lateral fitness equipment market was valued at USD 5,500.0 million in 2021 and is expected to reach USD 11962.32 million by 2029, registering a CAGR of 10.20 % during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.
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 2014 - 2019)
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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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Type (Treadmill, Elliptical, Exercise Bike, Shoulder Press Machine, Chest Press Machine), Body Type (Upper Body, Lower Body), Distribution Channel (Online, Offline), End User (Home, Apartment, Health Club/Gym, Hotel, Corporate Office, and Public Institution, Hospitals and Medical Centre)
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Countries Covered
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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, South Africa, Egypt, Israel, 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
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Market Players Covered
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Life time fitness inc. (US), Johnson Health Tech (US), TECHNOGYM S.P.A (Italy), Amer Sports (Finland), Nautilus, Inc. (US)., Core Health & Fitness, LLC (US)., True Fitness Technology, Inc. (US), Impulse (Qingdao) Health Tech Ltd. (China), Cybex International Inc. (US), Torque Fitness (US), Peloton (US), Gymequip.eu (Europe), Brunswick corp (US), Precor, Inc. (US), Icon Health & Fitness, Inc. (US), Octane Fitness, LLC (US), Star Trac (US)
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Market Opportunities
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Market Definition
Lateral fitness equipment is any device or machine which is used for physical exercise to improve physical stamina, manage overall weight, and develop muscular strength. The demand for lateral fitness equipment has increased globally due to health awareness's upsurge. The lateral fitness equipment generally includes stationary bicycles, weightlifting machines, strength building machines, treadmills, elliptical, etc.
Lateral Fitness Equipment Market Dynamics
Drivers
- Increase awareness about fitness
Rapid increase in awareness and demand regarding fitness and healthy lifestyle are expected to a key driver to propel the global lateral fitness equipment market. People are buying elliptical machines, treadmills, and exercise bikes to maintain their daily fitness routine, which is anticipated to drive the global lateral fitness equipment market.
- Add variety to the workout
The quality of lateral fitness equipment is you can actually match your exercises with it. The customer can also adjust the speed or level of machine according to their preference. It will also help to regulate if this certain machine is too innovative for customer level, this is useful when they are going to exercise for the very first time.
- Increase the demand of virtual fitness
The increasing demand for virtual fitness will spur the demand for high-quality lateral fitness equipment which can be easily installed at homes. Due to Busy working schedule, consumers prefer to undertake online fitness at their homes and at their convenience. As a result of growing demand of lateral fitness equipment at home industry, are expected to driev the growth of the market rate.
Opportunities
The demand for lateral fitness equipment increases in domestic places which is anticipated to fuel the growth of the lateral fitness equipment market in upcoming years. Sale of lateral fitness equipment is expected to rise during forecast period. Restrictions imposed by government on gymnasiums during pandemic is likely to further drive the demand of lateral fitness equipment at home. , increase in youth population, Improvement in lifestyle and increase in per-capita income in the developing economies are the factors which are anticipated to provide the lucrative opportunities for market growth.
Restraints/ Challenges
However, the outbreak of COVID-19 has negatively impacted the cost of raw materials and supply chain of raw materials will act as market restraint and further challenge the growth of the lateral equipment fitness market growth rate. Due to inability to carry heavy goods and non-availability of handle support in lateral fitness equipment are the major market restrains which will hinder the market's growth rate.
This lateral fitness equipment 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 lateral fitness equipment 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 Lateral Fitness Equipment Market
The outbreak of COVID-19 pandemic hindered the growth of the fitness equipment market due to the provisional shutdown of gyms and health clubs following the lockdowns imposed globally. The industry observed a short-term downfall due to the decreasing demand from fitness centres. On the other hand. The people which are experiencing home isolation due to the COVID-19 pandemic buy lateral fitness equipment through company-owned websites and e-commerce websites. Manufacturing companies are also increasing their online sales in several countries overall the globe.
Global Lateral Fitness Equipment Market Scope
The lateral fitness equipment market is segmented on the basis type, body type, distribution channel and end-user. 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
- Treadmill
- Elliptical
- Exercise Bike
- Shoulder Press Machine
- Chest Press Machine
Body Type
- Upper Body
- Lower Body
Distribution Channel
- Online
- Offline
End User
- Home
- Apartment
- Health Club/Gym
- Hotel
- Corporate Office and Public Institution
- Hospitals and Medical Centre
Lateral Fitness Equipment Market Regional Analysis/Insights
The lateral fitness equipment market is analysed and market size insights and trends are provided by country, type, body type, distribution channel and end-user as referenced above.
The countries covered in the lateral fitness equipment 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, South Africa, Egypt, Israel, 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
During the forecast period, Asia-Pacific dominates the lateral fitness equipment market in terms of market share. This is due to the growing demand for lateral fitness equipment in this region. The Asia-Pacific region leads the lateral fitness equipment market due to a increase in awareness regarding fitness and healthy lifestyle in this reason.
During the projected period, North America is anticipated to be the fastest developing region due to the surge obesity rate and increasing health consciousness.
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 Lateral Fitness Equipment Market Share Analysis
The lateral fitness equipment 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 lateral fitness equipment market.
Some of the major players operating in the lateral fitness equipment market are:
- Life time fitness inc. (US)
- Johnson Health Tech (US)
- TECHNOGYM S.P.A (Italy)
- Amer Sports (Finland)
- Nautilus, Inc. (US)
- Core Health & Fitness, LLC (US)
- True Fitness Technology, Inc. (US)
- Impulse (Qingdao) Health Tech Ltd. (China)
- Cybex International Inc. (US)
- Torque Fitness (US)
- Peloton (US)
- Gymequip.eu (Europe)
- Brunswick corp (US)
- Precor, Inc. (US)
- Icon Health & Fitness, Inc. (US)
- Octane Fitness, LLC (US)
- Star Trac (US)
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