Cardio fitness equipment market size was estimated at USD _43.7 million in 2020 and is forecast to reach USD _87.9 million by 2027.
Greater inclination towards fitness and workout, especially among the younger generation, healthcare centres, and homebound consumers who seek healthy living are the critical factors driving up the demand in the cardio fitness equipment market. The varied uses of cardio fitness equipment allowing users to perform exercises related to physical wellbeing, weight management, stamina, and core strength. Rapid urbanization and increasing health awareness amongst the people are expected to drive the global market. Cardio exercises based on the product market are beneficial for the heart and lungs. The rampant rise in cases of cardiovascular ailments amongst the young generation, especially due to obesity pushes for the growth of the market. Cardiovascular training, strength training coupled with indicators such as body monitors and analyzers has led to the use of cardio fitness equipment at home across the world.
The medical sector also a great deal of product demand. Increasing incidence of numerous chronic diseases, cardiovascular disorders especially among middle-aged individuals, greater awareness about health risks added to the need for physical agility to stay fit are among major drivers expected to trigger the market growth. Іn аddіtіоn similar to the healthcare, іnсrеаѕіng numbеr оf fіtnеѕѕ сlubs аnd gуms іn dеvеlоріng соuntrіеѕ are inculcating cardio equipment in their equipment base, which serves as аnоthеr kеу fасtоr accelerating the rise in the product mаrkеt. Неаlth clubs and gуmѕ currently ассоunt fоr а mајоrіtу ѕhаrе іn thе worldwide product mаrkеt. Тhus, the sроrtѕ market holds thе mајоrіtу chunk of demand аnd іѕ ехресtеd tо witness thе most grоwth оvеr the upcoming years.
Growth and Trends
The cardio fitness equipment market is expected to experience fastest growing CAGR as a result of consumer preference for fitness centres amalgamated with increasing awareness regarding the health-related hazards associated with a sedentary lifestyle. In addition, increasing entry of the key players of the market is conglomerated with several innovations and strategies in the fitness equipment, also due to which the cardio fitness equipment market is anticipated to rise at a considerable and steady rate in the coming years. The potential of regular cardio fitness exercise to improve the respiratory rate by increasing the flow of oxygen throughout the human body, and affecting stress reduction treatment, generates a high demand for cardio fitness equipment. They are effective in not only improving levels of cholesterol but also helps in controlling body weight, added which are added demand factors for the product. The increase in health awareness simultaneously with the growing trends of developing physical strength is the primary reason for likely expansion of the cardio fitness global market. The key market dynamics involved in this market are the increasing trends of bodyweight management, improving stamina, and conduction of various fitness-related programmes. To lead an improved lifestyle with a desirable fitness quotient is a very strong market stimulator for the near future. Increasing investments in healthcare and consciousness about heart diseases also boost the market. Sports events across the globe are a strong reason for the growth in the cardio fitness market. The increasing number of the youth population in developing countries also dominates the market in the predicted forthcoming years.
The outbreak of Covid-19 has affected aspects, such as flight cancellations, bans on travel, quarantines, restriction of indoor events, over forty countries’ emergency state declared, stock market volatility, massive slowing of the supply chain are some temporary obstacles in market growth.
However, lack of space at home, higher cost of equipment and lack of maintenance skill are major restrictions for the growth attributable to homebound use as well. This has
caused a shift towards freehand cardio exercises Another threat is the large-scale resale of second-hand devices. Nevertheless, a rising youth population coupled with more disposable income in hands is expected to nullify the above threats.
Cardio Fitness Equipment Market Coverage Highlights
• Cardio Fitness Equipment Market Revenue Estimation and Forecast (2020 – 2027)
• Production Estimation and Forecast (2020 – 2027)
• Sales/Consumption Volume Estimation and Forecast (2020 – 2027)
• Breakdown of Revenue by Segments (2020 – 2027)
• Breakdown of Production by Segments (2020 – 2027)
• Breakdown of Sales Volume by Segments (2020 – 2027)
• Gross Margin and Profitability Analysis of Companies
• Business Trend and Expansion Analysis
• Import and Export Analysis
Cardio Fitness Equipment Market Segmentation
Product Outlook (Revenue, USD Million, 2020 - 2027)
• Elliptical Machines
• Stationary Cycles
• Rowing Machines
• Other Product Types
Distribution Outlook (Revenue, USD Million, 2020 - 2027)
• Offline Channels
• Online Channels
Cardio Fitness Equipment Market Companies
• Nautilus Inc.
• Johnson Health Tech Co.
• Technogym SpA.
• Precor, Inc.
• BRUNSWICK CORPORATION
• Amer Sports
• Core Health & Fitness LLC
• Fitness EM
• HOIST Fitness Systems
• Icon Health and Fitness
• Torque Fitness
• True Fitness
• Cybex International
• Fitness World
• TRUE Fitness
• Vectra Fitness
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