This market research study presents a detailed segmentation of the global cardiovascular training equipment market by end user (commercial, home, and health club and gym) and by geography (the Americas, APAC, Europe, and MEA). The leading vendors in the market are Cybex, ICON Health and Fitness, Nautilus, Precor, and Technogym.
Technavio’s market research analysts estimate the global cardiovascular training equipment market, to grow at a CAGR of around 4% between 2016 and 2020. The cardiovascular training equipment segment dominates the global fitness equipment market due to the rise in the number of obese people and growing focus on weight management. The increasing health awareness among consumers regarding diseases such as diabetes, high cholesterol, and heart attacks is the primary growth driver of cardiovascular training equipment market. The Americas is the leading region in the cardiovascular training equipment market, owing to the rise in healthcare costs and increase in disposable income of people in the region.
The new market research report from Technavio provides a breakdown and analysis of the cardiovascular training equipment segments by technology.
“The market is expected to witness the growing popularity of combined formats for group fitness classes in the coming years. Health clubs and fitness studios are increasingly focusing on offering group fitness classes that combine various workout formats to make the exercise regimen more interactive. Therefore, with cardio machine companies aiming to provide solutions that allow clubs and studios to create a variety of combined formats like cycling and boxing, treadmill running and strength training, and rowing and body-weight training, the market for cardiovascular training equipment will have a positive outlook in the future,” says Abhay Sinha, Lead Analyst, New Coverage, Technavio Research.
The health club and gym segment leads the cardiovascular training equipment market, occupying around 42% of the overall market share. The primary reason for the increasing preference for health clubs and gyms is that they have innovative and premium fitness equipment, along with fitness trainers that help in the proper usage of the equipment. Moreover, the increasing disposable income enables people to spend more on fitness, thereby propelling the growth prospects of this market segment until the end of 2020.
The leading vendors in the global cardiovascular training equipment market include Cybex, ICON Health and Fitness, Nautilus, Precor, and Technogym. This market is highly competitive and fragmented due to the presence of well-established international and regional players in the market. With international players increasing their market presence, regional vendors are finding it increasingly difficult to compete with the larger players in terms of market reach, financial resources, quality, and pricing. The competitive environment in this market is expected to intensify with an increase in product extensions, product innovations, and M&A.
A more detailed analysis is available in the Technavio report, Global Cardiovascular Training Equipment Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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