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Lateral Fitness Equipment Market by Type, Body Type, End User and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2020-2027

  • ID: 5118727
  • Report
  • April 2020
  • Region: Global
  • 246 pages
  • Allied Analytics LLP
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FEATURED COMPANIES

  • Amer Sports Corporation
  • Cybex International Inc
  • Nautilus Inc.
  • TECHNOGYM S.P.A.
  • MORE
The global lateral fitness equipment market size was valued at $5.4 billion in 2020, and is estimated to reach $10.7 billion by 2027 with a CAGR of 10.1% from 2020 to 2027. Fitness equipment is any machine or device required for physical exercise to manage overall weight, improve physical stamina, and develop muscular strength. The demand for fitness equipment has increased globally, due to increase in health awareness. In addition, physical exercise is advised during certain medical treatments. The most commonly used fitness equipment include treadmills, elliptical, stationary bicycles weightlifting machines & strength building machines, and others.

Increase in prevalence of obesity and rise in health consciousness majorly boost the growth of the global lateral fitness equipment market. Furthermore, surge in number of gym memberships, a rise in sale of in-home equipment, upsurge in urban population, and increase in government initiatives to promote healthy life fuel the adoption of fitness equipment. However, high price of fitness equipment hampers market growth. On the contrary, improvement in lifestyle, increase in youth population, and rise in per-capita income in the developing countries are the factors anticipated to provide lucrative opportunities for market growth.

Increase in penetration of various online portals in the developing regions and rise in number of offers or discounts attract consumers to purchase lateral fitness equipment through online channels. Moreover, online sales channel increased the consumer reach owing to which it has evolved as a key source of revenue for many companies. Furthermore, the online sales market is expected to expand in the near future due to rapid growth in online and mobile user customer bases in the emerging markets. Increase in e-commerce sales, improvements in logistics services, ease in payment options, and the facility to enter in new international markets for major brands further augment the growth of the lateral fitness equipment market.

The global lateral fitness equipment market is segmented into type, body type, end user, distribution channels, and region. By type, the market is classified into treadmill, elliptical, exercise bike, shoulder press machine, and chest press machine. By body type, it is categorized into upper body and lower body. By end user, it is divided into home, apartment, health club/gym, hotel, corporate office, and public institution, hospitals & medical center. On the basis of distribution channels, the market is bifurcated into online and offline. By region, it is studied across North America, Europe, Asia-Pacific, and LAMEA.

The key players operating in the lateral fitness equipment market analysis include ICON Health & Fitness, Inc., Johnson Health Tech Co., Ltd., TECHNOGYM S.P.A., Amer Sports Corporation, Nautilus, Inc., Core Health & Fitness, LLC., True Fitness Technology, Inc., Impulse (Qingdao) Health Tech Ltd. Co., and Cybex International Inc.

KEY BENEFITS FOR STAKEHOLDERS
  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the market analysis from 2019 to 2027 to identify the prevailing lateral fitness equipment market opportunities.
  • The key countries in all the major regions are mapped on the basis of market share.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier–buyer network.
  • In-depth analysis of the market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global lateral fitness equipment industry.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global market trends, key players, market segments, application areas, and market growth strategies.
KEY MARKET SEGMENTS

By Type
  • Treadmill
  • Elliptical
  • Exercise Bike
  • Shoulder Press Machine
  • Chest Press Machine
By body Type
  • Upper Body
  • Lower Body
By End User
  • Home
  • Apartment
  • Health Club/Gym
  • Hotel
  • Corporate Office
  • Public Institution, Hospitals, and Medical Center
By distribution channels
  • Online
  • Offline
By Region
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • Australia & New Zealand
  • ASEAN
  • Rest of Asia-pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Amer Sports Corporation
  • Cybex International Inc
  • Nautilus Inc.
  • TECHNOGYM S.P.A.
  • MORE
Chapter 1: Introduction
1.1. Report Description
1.2. Key Benefits for Stakeholders
1.3. Key Market Segment
1.4. Research Methodology
1.4.1. Primary Research
1.4.2. Secondary Research
1.4.3. Analyst Tools and Models

Chapter 2: Executive Summary
2.1. Key Findings of the Study
2.1.1. Top Impacting Factors
2.1.2. Top Investment Pockets
2.1. Cxo Perspective

Chapter 3: Market Overview
3.1. Market Definition and Scope
3.2. Value Chain Analysis
3.3. Porter's Five Forces Analysis
3.4. Top Player Positioning
3.5. Market Dynamics
3.5.1. Drivers
3.5.1.1. Penetration of International Brands
3.5.1.2. The Growth of Gym Culture
3.5.1.3. Growing Health and Fitness Awareness
3.5.1.4. Increasing Trend for Home Gym
3.5.2. Restraint
3.5.2.1. Availability of Counterfeit Brands
3.5.2.2. High Cost of Lateral Fitness Equipment
3.5.3. Opportunity
3.5.3.1. Smart Fitness Equipment
3.5.3.2. Increase in Social Media Marketing
3.5.3.3. Surge in Government Investment in Sports Events

Chapter 4: Global Lateral Fitness Equipment Market, by Type
4.1. Overview
4.1.1. Market Size and Forecast
4.2. Treadmill
4.2.1. Key Market Trends, Growth Factors and Opportunities
4.2.2. Market Size and Forecast
4.2.3. Market Analysis by Country
4.3. Elliptical
4.3.1. Key Market Trends, Growth Factors and Opportunities
4.3.2. Market Size and Forecast
4.3.3. Market Analysis by Country
4.4. Exercise Bike
4.4.1. Key Market Trends, Growth Factors and Opportunities
4.4.2. Market Size and Forecast
4.4.3. Market Analysis by Country
4.5. Shoulder Press Machine
4.5.1. Key Market Trends, Growth Factors and Opportunities
4.5.2. Market Size and Forecast
4.5.3. Market Analysis by Country
4.6. Chest Press Machine
4.6.1. Key Market Trends, Growth Factors and Opportunities
4.6.2. Market Size and Forecast
4.6.3. Market Analysis by Country

Chapter 5: Global Lateral Fitness Equipment Market, by Body Type
5.1. Overview
5.1.1. Market Size and Forecast
5.2. Upper Body
5.2.1. Key Market Trends, Growth Factors and Opportunities
5.2.2. Market Size and Forecast
5.2.3. Market Analysis by Country
5.3. Lower Body
5.3.1. Key Market Trends, Growth Factors and Opportunities
5.3.2. Market Size and Forecast
5.3.3. Market Analysis by Country

Chapter 6: Global Lateral Fitness Equipment Market, by End-user
6.1. Overview
6.1.1. Market Size and Forecast
6.2. Home
6.2.1. Key Market Trends, Growth Factors and Opportunities
6.2.2. Market Size and Forecast
6.2.3. Market Analysis by Country
6.3. Apartment
6.3.1. Key Market Trends, Growth Factors and Opportunities
6.3.2. Market Size and Forecast
6.3.3. Market Analysis by Country
6.4. Health Club/Gym
6.4.1. Key Market Trends, Growth Factors and Opportunities
6.4.2. Market Size and Forecast
6.4.3. Market Analysis by Country
6.5. Hotel
6.5.1. Key Market Trends, Growth Factors and Opportunities
6.5.2. Market Size and Forecast
6.5.3. Market Analysis by Country
6.6. Corporate Office
6.6.1. Key Market Trends, Growth Factors and Opportunities
6.6.2. Market Size and Forecast
6.6.3. Market Analysis by Country
6.7. Public Institution, Hospitals & Medical Center
6.7.1. Key Market Trends, Growth Factors and Opportunities
6.7.2. Market Size and Forecast
6.7.3. Market Analysis by Country

Chapter 7: Global Lateral Fitness Equipment Market, by Distribution Channel
7.1. Overview
7.1.1. Market Size and Forecast
7.2. Online7.2.1. Key Market Trends, Growth Factors and Opportunities

7.2.2. Market Size and Forecast
7.2.3. Market Analysis by Country
7.3. Offline
7.3.1. Key Market Trends, Growth Factors and Opportunities
7.3.2. Market Size and Forecast
7.3.3. Market Analysis by Country

Chapter 8: Lateral Fitness Equipment Market, by Region
8.1. Overview
8.1.1. Market Size and Forecast, by Region
8.2. North America
8.2.1. Key Market Trends, Growth Factors, and Opportunities
8.2.2. Market Size and Forecast by Type
8.2.3. Market Size and Forecast by Body Type
8.2.4. Market Size and Forecast by End-user
8.2.5. Market Size and Forecast by Distribution Channel
8.2.6. Market Analysis by Country
8.2.6.1. U. S.
8.2.6.1.1. Market Size and Forecast by Type
8.2.6.1.2. Market Size and Forecast by Body Type
8.2.6.1.3. Market Size and Forecast by End-user
8.2.6.1.4. Market Size and Forecast by Distribution Channel
8.2.6.2. Canada
8.2.6.2.1. Market Size and Forecast by Type
8.2.6.2.2. Market Size and Forecast by Body Type
8.2.6.2.3. Market Size and Forecast by End-user
8.2.6.2.4. Market Size and Forecast by Distribution Channel
8.2.6.3. Mexico
8.2.6.3.1. Market Size and Forecast by Type
8.2.6.3.2. Market Size and Forecast by Body Type
8.2.6.3.3. Market Size and Forecast by End-user
8.2.6.3.4. Market Size and Forecast by Distribution Channel
8.3. Europe
8.3.1. Key Market Trends, Growth Factors, and Opportunities
8.3.2. Market Size and Forecast by Type
8.3.3. Market Size and Forecast by Body Type
8.3.4. Market Size and Forecast by End-user
8.3.5. Market Size and Forecast by Distribution Channel
8.3.6. Market Analysis by Country
8.3.6.1. UK
8.3.6.1.1. Market Size and Forecast by Type
8.3.6.1.2. Market Size and Forecast by Body Type
8.3.6.1.3. Market Size and Forecast by End-user
8.3.6.1.4. Market Size and Forecast by Distribution Channel
8.3.6.2. Germany
8.3.6.2.1. Market Size and Forecast by Type
8.3.6.2.2. Market Size and Forecast by Body Type
8.3.6.2.3. Market Size and Forecast by End-user
8.3.6.2.4. Market Size and Forecast by Distribution Channel
8.3.6.3. France
8.3.6.3.1. Market Size and Forecast by Type
8.3.6.3.2. Market Size and Forecast by Body Type
8.3.6.3.3. Market Size and Forecast by End-user
8.3.6.3.4. Market Size and Forecast by Distribution Channel
8.3.6.4. Italy
8.3.6.4.1. Market Size and Forecast by Type
8.3.6.4.2. Market Size and Forecast by Body Type
8.3.6.4.3. Market Size and Forecast by End-user
8.3.6.4.4. Market Size and Forecast by Distribution Channel
8.3.6.5. Spain
8.3.6.5.1. Market Size and Forecast by Type
8.3.6.5.2. Market Size and Forecast by Body Type
8.3.6.5.3. Market Size and Forecast by End-user
8.3.6.5.4. Market Size and Forecast by Distribution Channel
8.3.6.6. Rest of Europe
8.3.6.6.1. Market Size and Forecast by Type
8.3.6.6.2. Market Size and Forecast by Body Type
8.3.6.6.3. Market Size and Forecast by End-user
8.3.6.6.4. Market Size and Forecast by Distribution Channel
8.4. Asia-Pacific
8.4.1. Key Market Trends, Growth Factors, and Opportunities
8.4.2. Market Size and Forecast by Type
8.4.3. Market Size and Forecast by Body Type
8.4.4. Market Size and Forecast by End-user
8.4.5. Market Size and Forecast by Distribution Channel
8.4.6. Market Analysis by Country
8.4.6.1. China
8.4.6.1.1. Market Size and Forecast by Type
8.4.6.1.2. Market Size and Forecast by Body Type
8.4.6.1.3. Market Size and Forecast by End-user
8.4.6.1.4. Market Size and Forecast by Distribution Channel
8.4.6.2. Japan
8.4.6.2.1. Market Size and Forecast by Type
8.4.6.2.2. Market Size and Forecast by Body Type
8.4.6.2.3. Market Size and Forecast by End-user
8.4.6.2.4. Market Size and Forecast by Distribution Channel
8.4.6.3. India
8.4.6.3.1. Market Size and Forecast by Type
8.4.6.3.2. Market Size and Forecast by Body Type
8.4.6.3.3. Market Size and Forecast by End-user
8.4.6.3.4. Market Size and Forecast by Distribution Channel
8.4.6.4. Australia and New Zealand
8.4.6.4.1. Market Size and Forecast by Type
8.4.6.4.2. Market Size and Forecast by Body Type
8.4.6.4.3. Market Size and Forecast by End-user
8.4.6.4.4. Market Size and Forecast by Distribution Channel
8.4.6.5. Asean
8.4.6.5.1. Market Size and Forecast by Type
8.4.6.5.2. Market Size and Forecast by Body Type
8.4.6.5.3. Market Size and Forecast by End-user
8.4.6.5.4. Market Size and Forecast by Distribution Channel
8.4.6.6. Rest of Asia-Pacific
8.4.6.6.1. Market Size and Forecast by Type
8.4.6.6.2. Market Size and Forecast by Body Type
8.4.6.6.3. Market Size and Forecast by End-user
8.4.6.6.4. Market Size and Forecast by Distribution Channel
8.5. LAMEA
8.5.1. Key Market Trends, Growth Factors, and Opportunities
8.5.2. Market Size and Forecast by Type
8.5.3. Market Size and Forecast by Body Type
8.5.4. Market Size and Forecast by Distribution Channel
8.5.5. Market Size and Forecast by Distribution Channel
8.5.6. Market Analysis by Country
8.5.6.1. Latin America
8.5.6.1.1. Market Size and Forecast by Type
8.5.6.1.2. Market Size and Forecast by Body Type
8.5.6.1.3. Market Size and Forecast by End-user
8.5.6.1.4. Market Size and Forecast by Distribution Channel
8.5.6.2. Middle East
8.5.6.2.1. Market Size and Forecast by Type
8.5.6.2.2. Market Size and Forecast by Body Type
8.5.6.2.3. Market Size and Forecast by End-user
8.5.6.2.4. Market Size and Forecast by Distribution Channel
8.5.6.3. Africa
8.5.6.3.1. Market Size and Forecast by Type
8.5.6.3.2. Market Size and Forecast by Body Type
8.5.6.3.3. Market Size and Forecast by End-user
8.5.6.3.4. Market Size and Forecast by Distribution Channel

Chapter 9: Competition Landscape
9.1. Top Winning Strategies
9.2. Product Mapping
9.3. Competitive Dashboard
9.4. Competitive Heatmap
9.5. Key Developments
9.5.1. Partnership
9.5.2. Business Expansion
9.5.3. Agreement
9.5.4. Product Launch

Chapter 10: Company Profiles
10.1. Icon Health & Fitness, Inc.
10.1.1. Company Overview
10.1.2. Key Executives
10.1.3. Company Snapshot
10.1.4. Product Portfolio
10.2. Johnson Health Tech Co. Ltd.
10.2.1. Company Overview
10.2.2. Key Exec Utives
10.2.3. Company Snapshot
10.2.4. Operating Business Segments
10.2.5. Product Portfolio
10.2.6. Business Performance
10.2.7. Key Strategic Moves and Developments
10.3. Technogym S. P. A.
10.3.1. Company Overview
10.3.2. Key Executives
10.3.3. Company Snapshot
10.3.4. Operating Business Divisions
10.3.5. Product Portfolio
10.3.6. Business Performance
10.3.7. Key Strategic Moves and Developments
10.4. Amer Sports Corporation
10.4.1. Company Overview
10.4.2. Key Executives
10.4.3. Company Snapshot
10.4.4. Operating Business Segments
10.4.5. Product Portfolio
10.4.6. Business Performance
10.4.7. Key Strategic Moves and Developments
10.5. Nautilus, Inc.
10.5.1. Company Overview
10.5.2. Key Executives
10.5.3. Company Snapshot
10.5.4. Operating Business Segments
10.5.5. Product Portfolio
10.5.6. Business Performance
10.5.7. Key Strategic Moves and Developments
10.6. Core Health & Fitness, LLC
10.6.1. Company Overview
10.6.2. Company Snapshot
10.6.3. Product Portfolio
10.6.4. Key Strategic Moves and Developments
10.7. True Fitness Technology, Inc.
10.7.1. Company Overview
10.7.2. Key Executives
10.7.3. Company Snapshot
10.7.4. Product Portfolio
10.7.5. Key Strategic Moves and Developments
10.8. Impulse (Qingdao) Health Tech Ltd. Co.
10.8.1. Company Overview
10.8.2. Key Executives
10.8.3. Company Snapshot
10.8.4. Product Portfolio
10.9. Total Fitness Equipment
10.9.1. Company Overview
10.9.2. Company Snapshot
10.9.3. Product Portfolio
10.10. Cybex International Inc.
10.10.1. Company Overview
10.10.2. Key Executives
10.10.3. Company Snapshot
10.10.4. Product Portfolio
10.10.5. Key Strategic Moves and Developments
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Amer Sports Corporation
  • Cybex International Inc
  • Nautilus Inc.
  • TECHNOGYM S.P.A.
  • MORE
According to the report titled, 'Lateral Fitness Equipment Market by Type, Body Type, End User, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2020-2027', the global lateral fitness equipment market size was valued at $5.4 billion in 2020, and is projected to reach $10.7 billion by 2027, registering a CAGR of 10.1% from 2020 to 2027. Lateral fitness equipment is any machine or device required for physical exercise to manage overall weight, improve physical stamina, and develop muscular strength. Lateral fitness equipment market demand has increased globally, due to increase in health awareness. In addition, physical exercise is advised during certain medical treatments. The most commonly used lateral fitness equipment include treadmills, elliptical, stationary bicycles weightlifting machines & strength building machines, and others.Increase in health awareness and rise in need for active, healthy lifestyle across the world majorly boost the growth of the lateral fitness equipment market. Sedentary lifestyle and changes in eating habits have led to increase in health risks. Therefore, increase in awareness toward regular physical activities to maintain healthy lifestyle fuels the growth of the lateral fitness equipment market.

Moreover, availability of smart gym equipment has made the lateral fitness exercises interesting and entertaining. Smart gym equipment is a type of equipment that is connected to an app that records workouts and also displays the data about workout. These connected gym equipment are linked to the internet and record all data such as workout goals, nutritional habits, and health history through cloud based data. This data helps in creating a personalized exercise plan and also track the workout. Furthermore, implementation of technologies like IoT and AI in lateral fitness equipment help connect the machines with smartphone, which also augment the growth of lateral fitness equipment market. In addition, treadmills, elliptical, and stationary bikes are the most popular high-tech lateral fitness machines owing to the presence of television screens, Bluetooth connectivity, iPod compatibility, sound system, CSAFE connectivity and other features. Thus, increaseinimplementation of high-tech features is anticipated to provide lucrative lateral fitness equipment market opportunity and eventually increase its customer base.

The number of social media users has increased considerably with rise in internet penetration. Taking this into consideration, most of the key players in the lateral fitness equipment market strategize on promoting their products and services on these social media platforms. Social media marketing is one of the major strategies adopted by various companies and industries on imparting awareness about their product offerings among the target customers on social media channels. Thus, through social media marketing strategy, the global lateral fitness equipment market sights critical opportunity in gaining traction and increasing its customer reach among its target segments. However, high price of lateral fitness equipmentleads to increase in demand of reused fitness equipment, whichlimits the market growth. To reduce cost, new start-up gyms and fitness centers as well as in-house arrangements prefer the use of resale products. This trend is observed especially in the developing countries where small gyms procure used equipment from large gyms and fitness centers. This results in equipment failure within a short span of time, thereby disappointing their potential members. Moreover, it hampers the sale of new lateral fitness equipment, which in turn restrains the growth of the global market.

Key Findings Of The Study

Dependingon type, the treadmill segment dominated the market in 2019, and is expected to retain its dominance throughout the forecast period.
By body type, the lower bodysegment accounted for highest share in the lateral fitness equipment market growth in 2019, and is projected to grow at a CAGR of 10.1% from 2020 to 2027.
On the basis of end user, the health club/gym segment led the market demand in 2019, and is expected to retain its dominance throughout the forecast period.
As per distribution channel, the offline segment was the major shareholder in 2019, and is projected to register a CAGR of 10.1% from 2020 to 2027.
Region wise, North America accounted for highest lateral fitness equipment market share in 2019 and is expected to grow at a CAGR of8.6%.

The key players operating in the lateral fitness equipmen tindustry analysis includes ICON Health & Fitness, Inc., Johnson Health Tech Co., Ltd., TECHNOGYM S.P.A., Amer Sports Corporation, Nautilus, Inc., Core Health & Fitness, LLC., True Fitness Technology, Inc., Impulse (Qingdao) Health Tech Ltd. Co., and Cybex International Inc.
Note: Product cover images may vary from those shown
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  • ICON Health & Fitness Inc.
  • Johnson Health Tech Co. Ltd.
  • TECHNOGYM S.P.A.
  • Amer Sports Corporation
  • Nautilus Inc.
  • Core Health & Fitness LLC.
  • True Fitness Technology Inc.
  • Impulse (Qingdao) Health Tech Ltd. Co.
  • Cybex International Inc
Note: Product cover images may vary from those shown
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The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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