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Lateral Fitness Equipment Market Report by Type (Treadmill, Elliptical, Exercise Bike, Shoulder Press Machines, Chest Press Machine), Body Type (Upper Body, Lower Body), Distribution Channel (Online Stores, Offline Stores), End User (Gyms and Fitness Centres, Household, Therapeutic Hospitals, Hotels and Corporate Offices, and Others), and Region 2024-2032
Report Format: PDF+Excel | Report ID: SR112024A4516
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Market Overview:
The global lateral fitness equipment market size reached US$ 7.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 15.3 Billion by 2032, exhibiting a growth rate (CAGR) of 8.6% during 2024-2032.
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Report Attribute
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Key Statistics
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|---|---|
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Base Year
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2023
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Forecast Years
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2024-2032
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Historical Years
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2018-2023
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Market Size in 2023
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US$ 7.2 Billion |
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Market Forecast in 2032
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US$ 15.3 Billion |
| Market Growth Rate 2024-2032 | 8.6% |
Lateral fitness equipment is embedded with a smooth 3D motion that goes from a vertical elliptical stepping to an active side-to-side motion for functional exercise. It challenges the entire body for better conditioning and better results. It aids in providing functional challenges, burning more calories, achieving a faster heart rate, and strengthening and protecting the knees as compared to the traditional standing devices. Besides this, as they also target glutes, hips, and inner and outer thighs, they are widely utilized by individuals recovering from an injury or training.
Lateral Fitness Equipment Market Trends:
Due to rapid urbanization, sedentary lifestyles and the increasing consumption of fast food, there is a rise in the prevalence of arthritis, diabetes, and cardiovascular diseases across the globe. This, in confluence with the growing health consciousness among individuals, is creating a positive outlook for the market. Moreover, lateral fitness equipment helps prevent injury and adds a variety to the workout routine. This represents another primary factor bolstering the market growth. Apart from this, due to the increasing penetration of the high-speed internet and the strong influence of social media platforms, there is a significant rise in the number of people enrolling in online fitness classes worldwide. This, along with the rising sales of lateral fitness equipment via online channels offering discounts and at-home delivery, is offering lucrative growth opportunities to market players. These players are currently focusing on introducing technologically advanced equipment and machines that are incorporated with a global positioning system (GPS), pedometer, heart rate monitor, and smartphone apps to monitor the workout. These innovations, coupled with increasing investments in advertisements, are projected to impel the growth of the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global lateral fitness equipment market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on type, body type, distribution channel and end user.
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:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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 and True Fitness Technology Inc.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Units | US$ Billion |
| Segment Coverage | Type, Body Type, Distribution Channel, End User, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered | 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. |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 3899 Five User License: US$ 4899 Corporate License: US$ 5899 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global lateral fitness equipment market was valued at US$ 7.2 Billion in 2023.
We expect the global lateral fitness equipment market to exhibit a CAGR of 8.6% during 2024-2032.
The rising number of individuals enrolling in online fitness classes, along with the growing demand for lateral fitness equipment, as they help to prevent injury and add a variety to the workout routine, is primarily driving the global lateral fitness equipment market.
The sudden outbreak of the COVID-19 pandemic has led to the increasing demand for lateral fitness equipment owing to the temporary closure of gyms and health clubs, during the lockdown scenario.
Based on the type, the global lateral fitness equipment market has been segmented into treadmill, elliptical, exercise bike, shoulder press machines, and chest press machine. Currently, treadmill holds the majority of the total market share.
Based on the body type, the global lateral fitness equipment market can be divided into upper body and lower body. Currently, lower body exhibits a clear dominance in the market.
Based on the distribution channel, the global lateral fitness equipment market has been segregated into online stores and offline stores, where offline currently accounts for the largest market share.
Based on the end user, the global lateral fitness equipment market can be bifurcated into gyms and fitness centers, household, therapeutic hospitals, hotels and corporate offices, and others. Currently, gyms and fitness centers exhibit a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa.
Some of the major players in the global lateral fitness equipment market include 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, and True Fitness Technology Inc.
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