Global Ellipticals Market 2017-2021
An elliptical is a stationary exercise machine used to simulate stair climbing, walking, or running without causing excessive pressure to the muscles. It is mainly used by individuals to tone the lower and/or upper body. This machine comes under the cardiovascular exercise equipment segment. Ellipticals can be classified based on the placement of the flywheel or drive system that controls the smoothness and resistance of the equipment. The flywheel of an elliptical can be placed in three different places: front side, back side, and both sides.Technavio’s analysts forecast the global ellipticals market to grow at a CAGR of 4.71% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global ellipticals market for 2017-2021. To calculate the market size, the report considers the revenue through the sale of ball sports, adventure sports, golf, fitness, and other equipment.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Ellipticals Market 2017-2021
Technavio recognizes the following companies as the key players in the global ellipticals market: Cybex International, Johnson Health Tech, Life Fitness, SOLE Treadmills, and Precor.
Other Prominent Vendors in the market are: ProForm Fitness, Core Health & Fitness, Smooth Fitness, Octane Fitness, FreeMotion Fitness, Nautilus, PCE Fitness, ICON Health and Fitness, Technogym, Paramount, Asian Sports & Enterprises, and Body Solid.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Rapid advances in technology. Technological advances in fitness equipment include integration of various components into a single unit, electronic sensors for additional guidance, and wearable technologies that track physical exertions. For instance, Technogym offers the Ecosystem Open Platform, which operates a wide range of interconnected products, content, services, and programs for their members. Another player, Precor, offers the Preva platform that helps in tracking fitness goals. It also helps facility operators better manage their business with solutions, further improving equipment management, revenue, and retention of customers. Such technologically advanced features in gym equipment like treadmills, ellipticals, rowers, and cycles, thereby enabling manufacturers to attract new customers and increasing the demand and growth for such equipment in the overall market.”
According to the report, one of the major drivers for this market is Rising health and fitness awareness. With increasing work pressure and busy schedules, many people have resorted to unhealthy eating habits, with less time or no time for working out. Several initiatives taken by governments, the rise in healthcare costs, and an increase in awareness have resulted in healthy eating and daily exercises. This has also increased the demand for fitness equipment such as ellipticals.
Further, the report states that one of the major factors hindering the growth of this market is Growing popularity of other forms of workout. Greater interest in fitness activities such as yoga, high-intensity interval training (HIIT), aerobics, and swimming poses a major threat to the global fitness equipment market. HIIT involves an intense workout for a short time, followed by a short and less intense workout. Fitness centers offer a wide range of HIIT activity classes, and HIIT fitness videos are flooding the market. CrossFit centers have their presence in most cities. Body weight training, a workout that is often paired with HIIT, is also growing popular. This workout involves very little equipment and relies more on old-school exercises like push-ups, lunges, squats, and burpees. Thus, it is an inexpensive, no-fuss, simple yet effective workout.
Cybex International, Johnson Health Tech, Life Fitness, SOLE Treadmills, Precor, ProForm Fitness, Core Health & Fitness, Smooth Fitness, Octane Fitness, FreeMotion Fitness, Nautilus, PCE Fitness, ICON Health and Fitness, Technogym, Paramount, Asian Sports & Enterprises, and Body Solid.
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