About Step Machines
Step Machine is an exercise machine which helps in reducing the weight of a person, these machines are used in developing the muscular strength result in improved metabolisms, improving physical stamina and managing weight. It is seen that there is a great upsurge in the number of people joining fitness centers with a figure stood up to 62 million in the United States alone in 2018. These step machine is majorly helping people to develop their cardiovascular strength (Legs Strength). Hence increasing the prevalence of disease such as diabetes, osteoarthritis, cardiovascular disease are driving the market for step machine.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Step Machines market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
StairMaster (United States), Sunny Health&Fitness (United States), Maxi Climber (United States) and Gazelle (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Step Machines market by Type (Mechanical Step Machines and Electric Step Machines), Application (Household and Commercial) and Region.
On the basis of geography, the market of Step Machines 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).
Influencing Trend:
Adoption of Cardio as a Separate set of Gyming Exercise and People Contribution Towards this Machines by using them in their House for Exercise Purposes
Market Growth Drivers:
Increasing Population of Gym Freak people, Increasing Number of Fitness Club and Gym and Rising Number of Obese Population
Challenges:
The inclination of People Towards Practice Yoga as a Fitness Means and Issues Related towards Motor getting very hot in High-Performance Configurations of these Step Machines
Restraints:
Availability of Various Other Equipment Present in Market and High Cost of this Machine
Opportunities:
Growing Acceptance from Millennials towards Step Machine and Growing Awareness Regarding Weight Management
Market Leaders and their expansionary development strategies
In February 2023, IBM is announcing the acquisition of StepZen Inc, which developed a GraphQL server with a unique architecture that helps developers build GraphQL APIs quickly and with less code. The strategic acquisitions to deliver the data, AI, and automation solutions that businesses need in the hybrid cloud era.
Key Target Audience
Fitness Club, Hotels, Hospitals, Corporate office, Downstream Vendors, Government organizations, Research Organizations, Market Research and Consulting Companies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.