With advancements in technology, todays society is becoming more dependent on technology for their day to day activities. As every development or innovation has its pros and cons, it can be said that technological advancement has restricted the regular physical activities. Technology has directly or indirectly affected the human health in the recent past. This has created a greater need in society to increase the physical activities, to balance the body weight and cardiovascular fitness.
Consumers are increasingly exhibiting a demand for instructor-led workouts that offer proper training as well as fun and creative ways to stay in shape. Health clubs and studios have started offering group fitness classes that combine various workout formats to make the exercise regimen more interactive. By 2016, equipment companies aim to deliver solutions that enable clubs and studios to create a variety of combined formats, such as cycling and boxing, treadmill running and strength training, and rowing and body-weight training. This will lead to an increase in demand for fitness equipment, including cardiovascular training equipment, in the future.
Use of these devices at home for exercises is rising across the world. Increased health awareness and busy lifestyles are the primary reasons for in-home usage of such devices. However, lack of space at home and higher cost of equipment are significant limitations for the home usage segment. The health clubs drive the market for both cardiovascular and strength training exercises. Additional offerings such as gym training, diet plans, swimming facilities, and spas, add to the competitive benefit of health clubs. The health club segment is estimated to acquire over 45% of the industry share in 2014 and is expected to lose its popularity over the next five years owing to the emergence of home fitness equipment segment.
During 2015, the Americas dominated the global cardiovascular equipment market and accounted for more than 39% of the market share. Factors such as the rise in healthcare costs and increase in disposable income are expected to spur the growth prospects of this market in the Americas.
The report comprises of key players profiles namely consignment, price, revenue, profit interview records and sources of distribution. It helps clients get a better analysis of their competitors. In addition, it encompasses the regions and countries across the world and depicts the regional outlook, market size, volume, value and price data.
The Cardiovascular Training Equipment market was valued at xxx million USD with a CAGR xx% from 2015-2019. Subsequently, it will touch xxx million USD in 2020 with a CAGR xx % from 2020 to 2025.
In global market, the following companies are covered:
Cybex International
ICON Health and Fitness
Nautilus
Precor
Technogym
...
Market Segment by Product Type:
Treadmills
Ellipticals
Stationary Bicycles
Rowing Machines
Stair Machines
Others
Market Segment by Application
Commercial
Home
Health Club
Gym
Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Cardiovascular Training Equipment market for the forecast period 2020 - 2025?
• What are the driving forces in the Cardiovascular Training Equipment market for the forecast period 2020 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Cardiovascular Training Equipment industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?