Global Ab and Core Toning Machine Market 2017-2021

Overview of the global ab and core toning machine market

As per the Technavio’s market research report, the global ab and core toning machine market is expected to grow at a steady rate and post a CAGR of more than 4% during the forecast period. The increasing number of fitness centers and health clubs across the globe will drive the growth prospects of the global ab and core toning machine market for the next four years. It has been observed that the global health club and fitness center industry generates a revenue of about USD 80 billion every year. The influx of consumers to these fitness centers and clubs is increasing because of the introduction of exclusive packages and yearly or monthly packages with discounts. This in turn, will positively influence the growth of the ab and core toning machine market. Furthermore, the introduction of promotional offers such as free workouts for a month, free strength training, and other benefits for premium consumers, will also accelerate the growth of this global market.

North America dominated the ab and core toning machine market during 2016 and according to this market research analysis, the region is expected to maintain its dominance during the forecast period as well. The increasing number of innovative products, the rise in aging population, increasing health issues, the expansion of home gyms and strength training areas, and the introduction of health support groups and buddy systems, will be the major factors encouraging a number of consumers in this region to use ab workout machines.

Competitive landscape and key vendors

The market consists of a large number of vendors who offer value products at different price points across various geographical regions. The market is competitive and the vendors are competing against each other based on factors such as price and quality. To improve their market position, vendors are increasingly focusing on investing in research and developmental activities to come up with better toning equipment and are also concentrating on enhancing their customer base.

Key vendors in this market are -

• Body-Solid
• Bollinger Fitness
• BOSU
• GoFit
• Perfect Fitness

Other prominent vendors in the market include AB DOLLY, GAIAM, Merrithew, AB circle, Mercy, Stamina Products, and Sunny Health & Fitness.

Segmentation by end-user and analysis of the ab and core toning machine market

• Individual users
• Health clubs and gyms

The health clubs and gyms segment dominated the ab and core toning machine market for during 2016 and its dominance is expected to continue until the end of 2021. The growing concern of individuals to stay fit, stay in shape, maintain strength, lose weight, and remain stress-free will boost the necessity for abdominal exercise equipment at the health clubs and gyms. Additionally, factors such as the increasing number of health clubs and gyms, the rising employment rate, and the growth in income levels, will also fuel the growth of this market segment.  

Segmentation by distribution channel and analysis of the ab and core toning machine market

• Specialty stores
• Department stores, hypermarkets, and supermarkets
• Online retail

Since specialty stores offer branded machines and follow standardized business practices and methods for selling products they are the primary shopping destination for ab machines and core toning machines. According to this market research report, this segment accounted for the major shares during 2016 and will continue to dominate the market throughout the next four years as well.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global ab and core toning machine market?
• What are the key market trends impacting the growth of the global ab and core toning machine market?
• What are the challenges to market growth?
• Who are the key vendors in the global ab and core toning machine market?
• What are the market opportunities and threats faced by the vendors in the global ab and core toning machine market?
• What are the trending factors influencing the market shares of APAC, Europe, North America, and ROW?
• What are the key outcomes of the five forces analysis of the global ab and core toning machine market?

Technavio also offers customization on reports based on specific client requirement.

Fitness equipment is used for physical training to manage weight, improve physical stamina, and develop muscular strength. They help in burning excess body fat, maintain a toned body and stimulate the heart rate. Technavio’s report for the consumer and retail portfolio contains a wide range of markets including cosmetics and toiletry and apparel and textile. Technavio also offers information on many factors like the evolution of the consumer behavior and the shift in demand and supply in the consumer and retail industry. Technavio’s reports also provides exclusive insights on all the prominent vendors in the consumer and retail sector.

To accurately forecast the industry’s growth possibilities, market research experts at Technavio perform a triangulated approach of primary and secondary research and conduct a widespread analysis of various traits such as advancements in technology and assorted products and services offered by the leading vendors in the consumer and retail market. To help the clients design new strategies for growth, this upcoming industry research report on the global ab and core toning machine market for the forecasted period of 2017-2021 offers a complete summary built from the figures collected from reliable sources of data such as the manufacturers, channel partners, regulatory bodies, and stakeholders.

Our upcoming report on the global ab and core toning machine market also considers the growth of the associated markets such as aqua gym equipment and household vacuum cleaner, which are expected to grow at a CAGR of above 2% and around 5% respectively by 2021. Increasing awareness about health and fitness, rising obese population, government initiatives for promoting good health, and increasing youth population has influenced the adoption rate of ab and core toning machines. Technavio also offers tailored reports to help the local vendors and regional players comprehend the prospects in the consumer and retail sector.

This upcoming industry research report on the global ab and core toning machine market also enlists the market drivers, emerging trends, and the current challenges faced by the consumer retail sector and also offers visions into pet supplies and retail systems.