Lateral Fitness Equipment Market Scope
The lateral fitness equipment helps in side to side movement of the body instead of focusing solely on the muscles on the posterior and anterior surfaces of the body. Some of the lateral fitness equipment is designed for targeting the specific part of the body for exercise like for the lower body -the hamstrings, quadriceps, calves, etc. The use of lateral equipment for muscles targeting the more burn off fat than during the traditional workout at the same amount of time.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Icon Health & Fitness, Inc (United States), Brunswick Corporation (United States), Johnson Health Tech. Co., Ltd. (United States), Icon Health & Fitness, Inc. (United States), Technogym (Wellness Holding Srl) (Italy), Nautilus, Inc. (United States), Core Health and Fitness, LLC (United States), TRUE Fitness Technology, Inc. (United States) and Precor Incorporated (United States) |
CAGR | 10.0% |
Companies like Johnson, Amer Sports, and TRUE are investing heavily in research & development to introduce new technology-equipped fitness equipment and introduce innovative fitness equipment into the market. Big brand key players are boosting awareness and conducting promotional drives to increase the demand for lateral fitness equipment in emerging economies globally. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Lateral Fitness Equipment market throughout the predicted period.
Icon Health & Fitness, Inc (United States), Brunswick Corporation (United States), Johnson Health Tech. Co., Ltd. (United States), Icon Health & Fitness, Inc. (United States), Technogym (Wellness Holding Srl) (Italy), Nautilus, Inc. (United States), Core Health and Fitness, LLC (United States), TRUE Fitness Technology, Inc. (United States) and Precor Incorporated (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Amer Sports and Cybex International.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Lateral Fitness Equipment market by Type , by Application (Fitness Centre, Gyms, Education Institutes, Household, Therapeutic Hospitals and Others) and Region with country level break-up.
On the basis of geography, the market of Lateral Fitness Equipment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
In May 2019, Brunswick Corporation announced that it has entered into a definitive agreement to sell its Fitness business to KPS Capital Partners, LP, a private investment firm, in an all-cash transaction for approximately USD 490 million. Following the completion of the sale, Brunswick will be comprised solely of its global marine portfolio, which includes market-leading positions in propulsion, parts and accessories, boats and services.
Influencing Trend:
The Surging Consumption of Lateral Fitness Equipment Among Women Population and The Advent of Smart IoT based Lateral Fitness Equipment
Market Growth Drivers:
Growing Health Consciousness and Awareness and The Rising Need for the Healthy and Active Lifestyle with Growing Number of Diseases
Challenges:
Adherence to Regulatory Guidelines Regarding the Lateral Fitness Equipment
Restraints:
Safety Related Issues with Lateral Fitness Equipment and High-Cost Investment in Lateral Fitness Equipment
Opportunities:
Raising Awareness About the Importance of Physical Exercise Through Introduction of Various Health Programs and The Emerging Number of Fitness Center and Gyms
Key Target Audience
Lateral Fitness Equipment Manufacturers, Lateral Fitness Equipment International Traders, Lateral Fitness Equipment Distributors and Suppliers, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others