According to the latest report by IMARC Group, titled “Lateral Fitness Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” The global lateral fitness equipment market size reached US$ 5.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 11.0 Billion by 2027, exhibiting a growth rate (CAGR) of 10.07% during 2022-2027.
Lateral fitness equipment refers to a device or machine that is required for physical exercise. It is embedded with a smooth 3D motion from a vertical elliptical stepping to an active side-to-side motion. It challenges the entire body for conditioning and improved results. It aids in providing operational challenges, burning more calories, achieving a faster heart rate, and strengthening and protecting the knees. Besides this, lateral fitness equipment also targets glutes, hips, inner and outer thighs, etc., and is widely used by individuals recovering from an injury.
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Market Trends:
The elevating levels of urbanization, sedentary lifestyles, and the rising consumption of fast food are driving the lateral fitness equipment market. In addition to this, the increasing prevalence of arthritis, diabetes, and cardiovascular diseases across the globe, is also propelling the market growth. Furthermore, the escalating penetration of the high-speed internet and the strong influence of social media platforms are encouraging people to enroll in online fitness classes worldwide. This, in turn, is catalyzing the product demand. Apart from this, the growing sales of lateral fitness equipment via online channels offering discounts and at-home delivery are further impelling the global market. Moreover, continuous product innovations and rising investments in advertisements are expected to fuel the lateral fitness equipment market in the coming years.
Breakup by Type:
- Treadmill
- Elliptical
- Exercise Bike
- Shoulder Press Machines
- Chest Press Machine
Breakup by Body Type:
- Upper Body
- Lower body
Breakup by Distribution Channel:
- Online Stores
- Offline Stores
Breakup by End User:
- Gyms and Fitness Centres
- Household
- Therapeutic Hospitals
- Hotels and Corporate Offices
- Others
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- Core Health & Fitness LLC
- Cybex International Inc. (Brunswick Corporation)
- IFIT.com (ICON Health & Fitness)
- Impulse (Qingdao) Health Tech Ltd. Co
- Johnson Health Tech Co. Ltd
- Nautilus Inc
- Technogym S.p.A
- Total Fitness Equipment
- True Fitness Technology Inc
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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