Global Ellipticals Market 2017-2021

Overview of the global ellipticals market

This market research analysis identifies the surge in obese and overweight people as one of the primary growth factors for the ellipticals market. Obesity and overweight people are becoming increasingly prevalent due to the increasing demand for fast and junk food and sedimentary lifestyles. Obesity is one of the prime causes for cancer and women are twice as likely to develop obesity-related cancers compared to men because of genetic differences. The prevalence of obesity is expected to increase in the coming years. This will in turn, fuel the growth prospects of the ellipticals market, which according to our market research experts will grow at a CAGR of around 5% by 2021.

Owing to the increase in smartphone penetration, vendors have launched advanced fitness equipment with technological facilities that enable them to be connected through smartphones. Connected gym equipment tracks physical activity and collects the data that is displayed through mobile apps and wearable devices. Vendors are focusing on developing gym equipment like treadmills, ellipticals, and other gym equipment that can be connected to a fitness app that enables the user to monitor their fitness activities. This integration of smartphones with gym equipment will be one of the key trends behind the growth of the ellipticals market.

Competitive landscape and key vendors

The ellipticals market is diversified due to the presence of several international and regional vendors. The international players are growing inorganically by acquiring regional players. The vendors compete based on price, availability, brand, and variety and the competition in the market will be impacted due to increase in product/service extensions, product innovations, and M&As. Due to the high spending capacity and improving economic conditions, the market provides the vendors and new entrants with high growth potential for launching new products.

The leading vendors in the market are -

• Cybex International
• Johnson Health Tech
• Life Fitness
• SOLE Treadmills,
• Precor

The other prominent vendors in the market are ProForm Fitness, Core Health & Fitness, Smooth Fitness, Octane Fitness, FreeMotion Fitness, Nautilus, PCE Fitness, ICON Health and Fitness, Technogym, Paramount, Asian Sports & Enterprises, and Body Solid.

Segmentation by end user and analysis of the ellipticals market

• Health clubs and gyms
• Individual users
• Commercial users

Factors such as the growing rate of employed youth, the rising need for fitness, the growing urge to stay healthy and fit, and the need to be stress-free, will contribute to the growing demand for fitness equipment and health clubs and gyms. The increase in average income and the rising employment rate will also contribute to the growth of this market.

Geographical segmentation and analysis of the ellipticals market

• Americas
• APAC
• EMEA

The Americas will be the major revenue contributor to the ellipticals market. This will be mainly influenced by the increased interest in fitness in developing countries and a shift in lifestyle habits as the consumers are becoming increasingly health conscious. Additionally, factors such as increase in home gyms, product innovations, rise in aging population, and an increase in health issues, will also contribute to the growth of the market in this region. 

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 ellipticals market?
• What are the key market trends impacting the growth of the global ellipticals market?
• What are the challenges to market growth?
• Who are the key vendors in the global ellipticals market?
• What are the market opportunities and threats faced by the vendors in the global ellipticals market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global ellipticals market?

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

A cross trainer is a piece of gym equipment resembling an exercise bike with no saddle, on which a user can exercise the arms and legs while simulating the activity of walking, running, or stair climbing. Such machines are designed to reduce joint stress caused by the impact of the foot on a hard surface. A comprehensive data collection methodology is followed by our market research reports for the consumer and retail industry to offer an analysis of fast growing market segments like general retail goods and services.

This upcoming industry report on the global ellipticals market also considers the growth of the similar markets such as the gym and health clubs, which is expected to grow at an impressive CAGR of over 11% by 2021. As per our market research experts, growing inclination of the consumer preferences towards sporting activities coupled with their preference for a healthier lifestyle may influence the demand for cross trainers in the coming years.

This upcoming market research report on the global ellipticals market also covers vendors like Hammer, Reebok, JTX, Orbus, and Precor. By considering the increasing product demand, market forecast, and market size for various embedded systems, the market research professionals at Technavio offer a clear picture of the global ellipticals market for the projected period of 2017 to 2021. Additionally, our research practices help clients keep up with the constantly changing market landscape and develop effective growth strategies.

The upcoming market research report on the global ellipticals market also classifies the major drivers, key trends, as well as the constraints that the general retail goods and services sector currently experiences. It also presents insights into the rapidly altering competitive scenario to give clients a precise picture of the upcoming events within the consumer and retail industry. Technavio also provides deep-dive market assessments into the sectors such as retail systems and luggage.

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.