Get In Touch

Elliptical is a kind of stationary workout machine used for stimulating climbing, stair climbing, or running without causing any serious injury to joints. People are switching to elliptical mode of training as it does not impact the cardiovascular system even with the intensity and speed of exercise. Rise in health consciousness among consumers is likely to fuel the growth of the elliptical market over the forecast period. Prevalence of overweight and obese people across the globe is predicted to be one of the principal factors driving the growth of the elliptical market in the near future. Changing food patterns among consumers along with the rise in popularity of fast food and junk food is likely to propel the growth of the elliptical market. Obesity is one of the crucial reasons for cancer and the probability of obesity related cancer is greater in women than men owing to genetic differences. With the advent of smartphones, global vendors have innovated to integrate fitness equipment along with technological facility which is operational through smartphones. Connected gym equipment helps to track physical activity and collects data with the help of wearable devices and mobile apps. Global vendors are focusing on improving and developing gym equipment such as elliptical, treadmills, and other related gym equipment that is likely to be connected to a fitness app which will help users to screen their health status. Integration of gym equipment with smartphones is predicted to create more scope of growth for the elliptical market in the coming years.

The elliptical market is segmented by end-users into health clubs and gyms, commercial users, and individual users. Health clubs and gyms held the dominant market share in 2016 and is likely to retain dominance over the forecast period. Rise in need for fitness coupled with the urge to stay stress free is expected to drive the growth of this segment. Rapid adoption of new equipment and technology in health clubs and gyms is likely to be one of the crucial driving factors for the growth of the elliptical market. Growing rate of youth population along with an urge to lead a healthy lifestyle is contributing to the development of the elliptical market.

On the basis of geography, the elliptical market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. North America held majority of the market share in 2016 and is likely to retain its dominance over the forecast period. Rise in interest for fitness in developed countries and increasing health consciousness among consumers is expected to boost the growth of the elliptical market in this region. Rise in product innovation along with increasing trend of home gym is likely to drive the elliptical market. The U.S is likely to hold dominant share of the elliptical market by the end of the forecast period. Europe is likely to hold a significant market share owing to the rise of aging population in this region. Asia-Pacific is likely to be the most attractive market owing to the rise in youth population in this region. Predominance of diabetes and obesity, among other conditions in this region is expected to push the growth of the elliptical market. China and India are potential markets for the elliptical market during the forecast period due to the significant youth population in these countries.

The elliptical market is highly competitive due to significant presence of numerous regional and local vendors. The global manufacturers are competing based on brand, price, availability, product differentiation, and innovation. Key players in the elliptical market are Precor, Cybex International, Life Fitness, SOLE Treadmills, Johnson Health Tech, ProForm Fitness, Smooth Fitness, Core Health & Fitness, ICON Health and Fitness, Paramount, FreeMotion Fitness, and Octane Fitness, among others.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market    
     

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis. 

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Elliptical Market

Pre Book