Published Date : May 09, 2016
ALBANY, New York, May 09, 2016: MarketResearchReports.biz has recently announced the addition of a new research report to its comprehensive collection of research studies. The research study offers a detailed reports of the global market for cardiovascular training equipment, focusing on its product portfolio, major geographical segments, key drivers and restraints, and competitive landscape of the market. The study, titled “Global Cardiovascular Training Equipment Market 2016-2020,” further talks about the growth opportunities and challenges that are to be faced by the major players operating in the market throughout the forecast period.
According to the research report, the global market for cardiovascular training equipment is projected to exhibit a 4.34% CAGR between 2016 and 2020. The growing awareness regarding fitness and healthy lifestyle is one of the major factors driving the global market for cardiovascular training equipment. In addition, the rising trend of group fitness classes is expected to augment the growth of the market in the near future. However, the increasing popularity of other different forms of workouts is the biggest challenge for the market players.
The global market for cardiovascular training equipment has been segmented on the basis of product type into rowing machines, ellipticals, treadmills, and stair steppers. All these types of equipment offer diverse benefits and help significantly in cardiovascular workouts. The market share and forecast figures of each equipment type have been included in the research report.
The global market for cardiovascular training equipment has been classified on the basis of end use into health clubs and gyms, homes, and commercial. In 2015, the health club and gym segment led the market, holding a 42% share in the global market for cardiovascular training equipment. The growing preference for health clubs and gyms can be attributed to the premium and innovative equipment they offer coupled with skilled fitness trainers. In addition, the rising disposable income allows consumers to spend further on fitness, leading to increased demand for cardiovascular equipment in the global market in the forecast period.
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The global market for cardiovascular training equipment has been divided on the basis of geography into MEA, the Americas, Europe, and APAC. In 2015, the Americas led the market, holding a 39% share in the global market for cardiovascular training equipment. The rapid growth of this region can be attributed to the increasing disposable income among the population and growing healthcare costs, which has turned the focus on prevention rather than cure.
The global market for cardiovascular training equipment is extremely fragmented and competitive owing to the presence of several regional and international players. The prominent players leading the global market for cardiovascular training equipment include Precor, Cybex International, Nautilus, ICON Health and Fitness, and Technogym. Some of the other vendors mentioned in the research study are Fitness EM, HydroWorx, Rocky Mountain Fitness, Asian Sports & Enterprises, Body Solid, Hydro Physio, and Johnson Health Tech.
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