Cardio Fitness Equipment: Introduction
- Cardio fitness equipment refers to indoor workout equipment designed to replicate cycling, stair climbing, rowing, walking, and running. Several types of equipment are designed to allow the human body to achieve aerobic and strength training workout.
- Cardio fitness equipment are mostly preferred in indoor spaces of commercial gyms and residences for workout purposes. Major players across the globe in the cardio fitness equipment market are offering innovative solutions to customers in order to meet their requirements, which is likely to drive the demand for cardio fitness equipment in the coming years.
Increasing Fitness Equipment in Indoor Spaces: A Key Driver
- Popularity of indoor fitness equipment is increasing due to growing urbanization, and rising number of fitness enthusiasts and fitness training program. Growing popularity of fitness equipment in commercial spaces such as institutions, corporates, residential parks, gymnasium centers, and sports training centers is likely to gain demand for cardio fitness equipment in the next few years. Increasing awareness about cycling exercises among users is influencing them to opt for cardio fitness equipment. In addition, increasing number of sports players, professional trainers, spending power of users, and rising number of youth participating in indoor fitness training activities is influencing the growth of the cardio fitness equipment market. Increasing preference for residential gym equipment owing to outbreak of COVID-19 and the resultant lockdowns, and trend of opting for home gym exercise equipment due to changing lifestyles is also influencing end- users to opt for cardio fitness equipment.
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Development in Cardio Fitness Equipment: A Key Opportunity
- Cardio fitness equipment is a suitable option for users due to its multi-functional operating system. Some of the other reasons that help in increasing the demand for cardio fitness equipment are investment in R&D activities to develop technologically advanced equipment and supportive training facility initiatives. Rising fitness consciousness among users who prefer cardio fitness equipment is another driver of the market. In addition, manufacturers may also promote their products through numerous e-commerce channels as majority of customers are nowadays shopping through online channels. However, the spread of coronavirus has led to lockdown in many countries, thus affecting consumer spending power. The lockdown has resulted in the shutdown of major commercial spaces leading to economic slowdown. The drop in supply chain activities across various industries around the world is a restraint in manufacturing cardio fitness equipment and meet the demand of users.
Asia Pacific a Potential Market for Cardio Fitness Equipment
- The global cardio fitness equipment market can be divided into five regions: North America (NA), Europe (EU), Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SA)
- North America country-level analysis features the U.S., Canada, and Rest of North America. Analysis and forecast of the cardio fitness equipment market in Europe includes the U.K., Germany, France, and Rest of Europe. Similarly, the market in Asia Pacific comprises India, China, Japan, and Rest of Asia Pacific. Middle East & Africa includes GCC, South Africa, and Rest of Middle East & Africa. The cardio fitness equipment market in South America has been segmented into Brazil and Rest of South America.
- Asia Pacific is expected to remain a potential market for cardio fitness equipment during the forecast period, owing to rising demand for fitness equipment in the region.
Key Players Operating in the Global Cardio Fitness Equipment Market
The global cardio fitness equipment market is moderately fragmented in nature, due to presence of a large number of local, regional, and global players. A few of the key players operating in the global cardio fitness equipment market are as follows:
- Amer Sports
- Cannondale Bicycle Corporation
- Concept2 Inc.
- Elite
- First Degree Fitness
- Icon Health & Fitness Inc.
- JetBlack Cycling
- Johnson Health Tech
- Kurt Manufacturing
- MINOURA Co. Ltd.
- Nautilus Inc.
- Stages Indoor Cycling LLC
- Stamina Products Inc.
- Taco B.V.
- Technogym s.p.a.
- Wahoo Fitness L.L.C.
- Wattbike Atom
Global Cardio Fitness Equipment Market: Research Scope
Global Cardio Fitness Equipment Market, by Type
- Climbing Machines
- Dynamic Cycling & Cardio Fitness Equipment
- Elliptical Trainers
- Fitness Car
- Treadmill
- Others (Rowing Machine, Exercise Stepper, etc.)
Global Cardio Fitness Equipment Market, by Price Category
- Low
- Medium
- High
Global Cardio Fitness Equipment Market, by Consumer Group
- Men
- Women
Global Cardio Fitness Equipment Market, by End-use
- Residential
- Commercial
- Fitness Clubs
- Sports Centers
- Others (Fitness Institutes, Physical Training Services, etc.)
Global Cardio Fitness Equipment Market, by Distribution Channel
- Online
- E-commerce Channel
- Company Website
- Offline
- Specialty Stores
- Mega Retail Stores
- Independent Stores
- Others (Direct Sales, Departmental Stores, etc.)
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This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
