Global Ab and Core Toning Machine Market 2017-2021
About Ab and Core Toning Machine
Ab and core toning machines help in improving overall health, reduce obesity, develop abdominal muscles, enhance stability, and balance. These machines focus on improving inter and intra-muscular synchronization or coordination of participating muscles. The market generates its revenue through the sale of different sports equipment like ball sports equipment, adventure sports equipment, golf equipment, fitness equipment, and others. The ball sports equipment segment is the leading revenue contributor to the market, closely followed by the adventure sports equipment segment. The market is witnessing significant growth due to the rising demand for sports equipment in Europe and APAC. In 2016, Europe and North America witnessed high demand for adventure and ball sports equipment, while APAC registered a rapid increase in the sales of ball and fitness sports equipment.
Technavio’s analysts forecast the global ab and core toning machine market to grow at a CAGR of 4.31% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global ab and core toning machine market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Ab and Core Toning Machine Market 2017-2021
Technavio recognizes the following companies as the key players in the global ab and core toning machine market: Body-Solid, Bollinger Fitness, BOSU, GoFit, and Perfect Fitness.
Other Prominent Vendors in the market are: AB DOLLY, GAIAM, Merrithew, AB circle, Mercy, Stamina Products, and Sunny Health & Fitness.
Commenting on the report, an analyst from Technavio’s team said: “One trend in market is product innovation. Many vendors have come up with innovative products and technologically advanced products to increase their sales. Time-saving machines have been launched in the market that enable a workout in just a few minutes. An example of such a machine the Range of Motion machine; a four-minute workout using this machine helps in crunching all the muscles in the body.”
According to the report, one driver in market is increasing health awareness. The global fitness equipment market is being driven by the increasing awareness of the benefits of a healthy lifestyle. Hectic work schedules and increasing health issues are encouraging people to opt for daily exercise to remain healthy and avoid many health concerns. Regularly working out helps in burning calories and staying fit, and this helps in preventing many health issues such as diabetes, high cholesterol, and obesity that have increased worldwide. For instance, in 2012, 29.1 million Americans had diabetes. Today, diabetes has become a very common disease even among the youth. Diabetes was the seventh-leading cause of death in the US in 2010. Even APAC is witnessing an increase in the incidence of diabetes. India and China are the two major countries affected by type 2 diabetes due to factors such as rising obese population and physical inactivity among consumers.
Further, the report states that one challenges in market is high prices of fitness equipment. The purchase of fitness equipment such as ab and core toning machines for individual use is considered expensive. Building a gymnasium equipped with the basic equipment within the home costs almost $1,000 while building a fully-equipped home gym would cost nearly $1,150 to $2,200. Thus, this may hinder the growth of the global fitness equipment market. Most end-users in the developing regions are reluctant to use branded fitness equipment because of their high cost. Due to the high cost of branded fitness equipment, their adoption for individual use is limited only to the high-income population group, and there exists a large untapped consumer base for the vendors. Thus, the high cost of fitness equipment is one of the biggest challenges impeding the growth of the market in many developing countries of the world such as India and China.
Body-Solid, Bollinger Fitness, BOSU, GoFit, Perfect Fitness, AB DOLLY, GAIAM, Merrithew, AB circle, Mercy, Stamina Products, and Sunny Health & Fitness.
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