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Coaching Cardio Equipment Market Type (Treadmill, Elliptical, Climber, Cross-trainer , Exercise Bike, Others) End User (Male, Female) Application (Household, Commercial) : Global Opportunity Analysis and Industry Forecast, 2020-2027

A06377
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Nov 2020 | 643 Views
 
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Coaching Cardio equipment are machines which are technologically sound and possess features to deliver personalized digital coaching related to cardio related exercises to the user. As it offers a special workout experience to an individual hence it’s getting very popular among the health enthusiasts and businesses working in the domain of health and fitness.  The user base of the coaching cardio equipment ranges from all the ages from youth to old age. The benefits of these machines are that these make the workout fun and are really helpful for doing intense cardio oriented exercises.

 

Market scope and structure analysis

            Report Metric

                                      Details

  Market Size Available for Years

  2020–2027

  Base Year Considered

  2019

  Forecast Period

  2021–2027

  Forecast Units

  Value ($US)

  Segments Covered

  Type, End User, and Application

  Regions Covered

North America (U.S. and Canada), Europe (Germany, UK, France, Italy, Spain and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and Rest of Asia-Pacific), LAMEA (Middle East, Brazil, Mexico, and Rest of LAMEA)

  Companies Covered

Life Fitness, Technogym, eGym GmbH, Les Mills International, Star Trac UK Ltd., Precor Incorporated, Cybex International, Draper, Inc.,  Paradigm Health & Wellness, Equinox Fitness and Johnson Health Tech.

 

COVID-19 Scenario Analysis: 

  • The closure of factories due to COVID-19 led to decline in the production of coaching cardio equipment in these industries. This not only affected the scale of production but also the growth of these industries.
  • The online platforms, shops, and retails stores were shut due to lockdown observed worldwide. This which affected the trade of these products. This in turn hampered the sales of coaching cardio equipment in various countries.
  • The gyms and health centers are also closed during the period, which majorly hampered the market growth due to decrease in number of users.
  • Coaching cardio equipment have gained popularity among the people due to increase in awareness of adoption of healthy lifestyle. This is expected to boost the sales of these equipment after the worldwide release of lockdown situation due to COVID-19.

Top Impacting Factors, Market Scenario Analysis, Trends, Drivers, and Impact Analysis

Increase in the awareness among the people regarding physical health, rise in concern for disorders related to cardiovascular organs among adults, and trend of building muscular bodies are some of the major factors that contribute toward the growth of the market. The major demand for these equipment comes from the gyms, athletic zones, recreational clubs and sport zones, as bulk purchase of such equipment is cost effective. The health clubs and gyms are expanding at large rate around the globe. Owners of clubs and gyms adopt the smart machines such as coaching cardio equipment to attract the customers. These factors are anticipated to boost the sales of these equipment in the market.

The global coaching cardio equipment market trends are as follows,

On-demand Digital Classes on Coaching Cardio Equipment

Companies are coming up with various innovations to offer the best features in the coaching cardio equipment. One of the innovations is on-demand digital classes as there is a company named Life Fitness which has launched a platform of digital classes under the title of Life Fitness On-Demand. Through this, the user can access to their choice, on-demand digital class from the variety of options available when using brand’s climbers, cross-trainers, treadmills, and exercise bikes. It can only be accessed on the touchscreens of its premium range of cardio oriented products.

Potential markets for Coaching Cardio Equipment 

The fitness and health industry within the U.S. is experiencing growth over the past years. Reportedly, the country has the highest number of health and related clubs in the world, resulting in increase in demand for coaching cardio equipment and other related equipment. Also, due to emergence of pocket-friendly fitness clubs and new trends such as boutique fitness studios or high-value low-price (HVLP) gyms lead toward the expansion of the coaching cardio equipment market.

Asia-Pacific also exhibits a good growth for the health and fitness industry. Rise in health awareness coupled with increased purchasing power is expected to drive the demand for the coaching cardio equipment. Over the last years, there is a significant increase in the number of small, medium, and large sized fitness centers and gyms in the region.

Key Segments Covered:

             Segments

                             Sub-segments

  Type

  • Treadmill
  •  Elliptical
  •  Climber
  •  Cross-trainer
  • Exercise Bike
  • Others

  End User

  • Male
  • Female

  Application

  • Household
  • Commercial

 

Key Benefits of the Report:

  • This study presents the analytical depiction of the global coaching cardio equipment industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global coaching cardio equipment market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global coaching cardio equipment market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed global coaching cardio equipment market analysis based on competitive intensity and how the competition will take shape in the coming years. 

Questions Answered in the Coaching Cardio Equipment Market Research Report:

  • What are the leading market players active in the coaching cardio equipment market?
  • What the current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
 
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