The Lateral Fitness Equipment Market was assessed to be USD 5.4 billion in 2021 and is predicted to arrive at USD 10.7 billion by the end of 2026 with a compound annual growth rate of 10.1% during the forecast period of 2021 to 2026.
Lateral fitness equipment is becoming crucial lately for physical exercise to manage body weight, improve stamina, and develop bone and muscular strength. The market value of lateral fitness equipment is expected to increase more over the outlook period with the consumer demand for a healthy lifestyle.
Increasing awareness about health among the people is one of the major driving factors of the global Lateral Fitness Equipment market. An increase in social media marketing, along with the surge in government investment in sports events is a principal factor of the Lateral Fitness equipment market. Another major growth driver of the market was the rise in the need for activity coupled with a healthy lifestyle across the world.
Changes in lifestyle and changes in eating habits are some of the driving elements in the global Lateral Fitness Equipment market. Technological advancements in this equipment are also supporting the surge in the revenue rate of the market.
The high price of lateral fitness equipment is one of the major restraints which is affecting the growth of the worldwide market. Equipment failure within a short period of time and high cost associated with the fitness equipment are some of the challenging aspects to the growth of the global Lateral Fitness Equipment market. Another major limitation to the Lateral Fitness Equipment market was the availability of counterfeit brands in the marketplace.
Market Size Available
2021 – 2026
2021 - 2026
Body type, Basis of type, Basis of End-user, Distribution channel
Various Analyses Covered
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities
North America, Europe, APAC, Latin America, Middle East & Africa
Market Leaders Profiled
Technogym S.P.A., Amer Sports Corporation, Nautilus, Inc., ICON Health & Fitness, Inc., Impulse (Qingdao) Health Tech Ltd. Co., Johnson Health Tech Co., Ltd., Core Health & Fitness, LLC., True Fitness Technology, Inc. and Cybex International Inc.
The global Lateral Fitness Equipment market is segmented on the basis of body type, on the basis of type, on the basis of end-user, on the basis of distribution channel, and on the basis of region.
On the basis of body type, the lateral fitness equipment market was segmented into two types namely upper body and lower body.
The market of lateral fitness equipment was divided into Treadmill, Elliptical, Exercise Bike, Shoulder Press Machine, and Chest Press Machine. Among these, the treadmill segment holds the major share of the market attributed to rising in the obese population along with the inclusion of the latest technologies such as Bluetooth connectivity, Wi-Fi connectivity, iFit technology, and smart touch screen display.
The global lateral fitness equipment market was divided into Home, Apartment, Health Club/Gym, Hotel, Corporate Office, and Public Institution, Hospitals & Medical Center. Among these, the health club/ gym segment holds the major share of the market due to the availability of cardiovascular and strength training exercises along with rising in health awareness among the population.
The lateral fitness equipment market was segmented into online and offline. Among these segments, online sales hold the major share of the market with rapid growth in online usage customers.
The global Lateral Fitness Equipment market is elaborated in various regions all around the world such as North America (US, Mexico, Canada and rest of North America), Europe region (Italy, UK, France, Germany, Spain, and Rest of Europe), Asia Pacific region (India, Japan, China, Australia and rest of Asia Pacific) and rest of the world.
North America region holds the major share of the Lateral Fitness Equipment market attributed to a surge in obesity rates and increase in health consciousness among the people and raising of awareness about lateral fitness equipment especially in the United States, Mexico, and Canada.
Asia Pacific region is expected to propel the market growth owing to the increase in digital advertisements by owners and rise in usage of training equipment including stationary cycles, treadmill in some of the emerging economies such as China, India, and Japan in this area.
Europe is also expected to increase in the lateral fitness equipment market because of the increasing awareness among the population in this locale.
Key market players:
Some of the key players of the global Lateral Fitness Equipment market are Technogym S.P.A., Amer Sports Corporation, Nautilus, Inc., ICON Health & Fitness, Inc., Impulse (Qingdao) Health Tech Ltd. Co., Johnson Health Tech Co., Ltd., Core Health & Fitness, LLC., True Fitness Technology, Inc. and Cybex International Inc.
Coronavirus has impacted the global industries in three ways, by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and businesses. Since the lockdown has lifted in so many countries with some strict regulations by the government authorities, companies have resumed their operations to support the supply chain.
As per the analysis, the market of Lateral Fitness Equipment is expected to increase in terms of revenue rate in the next few months with all the industries starting their production of the goods. The market of Lateral Fitness Equipment is further estimated to expand in the coming years owing to the surge in obesity rates an increase in health consciousness among the people and raising awareness about the benefits of fitness equipment. As per the report, the market is supposed to increase during the foreseen period once the coronavirus pandemic has resolved.
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Lateral Fitness Equipment Market, By Type
6.1.3 Exercise Bike
6.1.4 Shoulder Press Machine
6.1.5 Chest Press Machine
6.1.6 Market Size Estimations & Forecasts (2021-2026)
6.1.7 Y-o-Y Growth Rate Analysis
6.1.8 Market Attractiveness Index
6.2 Lateral Fitness Equipment Market, By Body Type
6.2.1 Upper Body
6.2.2 Lower Body
6.2.3 Market Size Estimations & Forecasts (2021-2026)
6.2.4 Y-o-Y Growth Rate Analysis
6.2.5 Market Attractiveness Index
6.3 Lateral Fitness Equipment Market, By End-User
6.3.3 Health Club/Gym
6.3.5 Corporate Office
6.3.6 Public Institution
6.3.7 Hospitals & Medical Center
6.3.8 Market Size Estimations & Forecasts (2021-2026)
6.3.9 Y-o-Y Growth Rate Analysis
6.3.10 Market Attractiveness Index
6.4 Lateral Fitness Equipment Market, By Distribution Channel
6.4.3 Market Size Estimations & Forecasts (2021-2026)
6.4.4 Y-o-Y Growth Rate Analysis
6.4.5 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2021- 2026)
7.2.1 By Country
7.2.2 By Type
7.2.3 By Body Type
7.2.4 By End-User
7.2.5 By Distribution Channel
7.3.1 By Country
18.104.22.168 Rest of Europe
7.3.2 By Type
7.3.3 By Body Type
7.3.4 By End-User
7.3.5 By Distribution Channel
7.4 Asia Pacific
7.4.1 By Country
22.214.171.124 South Korea
126.96.36.199 South East Asia
188.8.131.52 Australia & NZ
184.108.40.206 Rest of Asia-Pacific
7.4.2 By Type
7.4.3 By Body Type
7.4.4 By End-User
7.4.5 By Distribution Channel
7.5 Latin America
7.5.1 By Country
220.127.116.11 Rest of Latin America
7.5.2 By Type
7.5.3 By Body Type
7.5.4 By End-User
7.5.5 By Distribution Channel
7.6 Middle East and Africa
7.6.1 By Country
18.104.22.168 Middle East
7.6.2 By Type
7.6.3 By Body Type
7.6.4 By End-User
7.6.5 By Distribution Channel
8. Key Player Analysis
8.1 Technogym SPA
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Amer Sports Corporation
8.3 Nautilus, Inc
8.4 ICON Health & Fitness, Inc
8.5 Impulse (Qingdao) Health Tech Ltd. Co
8.6 Johnson Health Tech Co., Ltd
8.7 Core Health & Fitness, LLC
8.8 True Fitness Technology, Inc
8.9 Cybex International Inc
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures