Lateral Fitness Equipment Market

Global Lateral Fitness Equipment Market Size (2024 to2029)

The size of the global Lateral Fitness Equipment market is expected to be worth USD 6.99 Billion in 2024 and USD 12.32 Billion by 2029, growing at a CAGR of 12.01% from 2024 to 2029.

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.

Global Lateral Fitness Equipment Market Drivers:

Increasing awareness about health among people is one of the major driving factors of the Lateral Fitness Equipment market. An increase in social media marketing, along with the surge in government investment in sports events is a principal factor in 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.

Global Lateral Fitness Equipment Market Restraints:

The high price of lateral fitness equipment is one of the major restraints that is affecting the growth of the worldwide market. Equipment failure within a short period of time and the high costs associated with fitness equipment are some of the challenging aspects of the growth of the global Lateral Fitness Equipment market. Another major limitation of the Lateral Fitness Equipment market was the availability of counterfeit brands in the marketplace.

Impact of COVID-19 on the Lateral Fitness Equipment market:

Coronavirus has impacted 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 and 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.

REPORT COVERAGE:

This research report on the global lateral fitness equipment market has been segmented and sub-segmented based on type, end-user, distribution channel, and region.

Global Lateral Fitness Equipment market – By type:

• Treadmills
• Ellipticals
• Exercise bikes
• Shoulder Press machines
• Chest Press machines

The treadmill segment holds the major share of the market attributed to the rise 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.

Global Lateral Fitness Equipment Market – By End-User:

• Homes
• Apartments
• Health clubs/gyms
• Hotels
• Corporate offices
• Public institutions
• Hospitals & Medical Centers

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 health awareness among the population.

Global Lateral Fitness Equipment Market – By Distribution Channels:

• Online
• Offline

Online sales hold the major share of the market with rapid growth in online usage customers.

Global Lateral Fitness Equipment Market – By Region:

• North America (US, Mexico, Canada, and the rest of North America)
• Europe region (Italy, UK, France, Germany, Spain, and the Rest of Europe)
• Asia Pacific region (India, Japan, China, Australia, and the rest of Asia Pacific)
• Latin America 
• Middle East and Africa 

North America region holds the major share of the Lateral Fitness Equipment market attributed to a surge in obesity rates and increases 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 the rise in usage of training equipment including stationary cycles, and treadmills 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:

The major key market players in the global Lateral Fitness Equipment Market are Technogym S.P.A, 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. International In