Elliptical Market: Global Industry Analysis and Forecast (2023-2029) .

An Elliptical Market size was valued at US$ 2.25 Bn. in 2022. Elliptical Trainer, one of the segments reviewed in our reports dominated the Elliptical Market.
Elliptical Market Overview:
An elliptical is a type of fixed exercise device used to stimulate mountaineering, stair climbing, or running without serious damage to the joints. People switch to elliptical training mode because elliptical training mode does not interfere with the cardiovascular system, regardless of training intensity and speed.To know about the Research Methodology :- Request Free Sample Report
Elliptical Market Dynamics:
People switch to the elliptical because they do not affect the cardiovascular system, regardless of the intensity and speed of training. Raise health awareness of consumers around the world. These factors drive the market growth of Elliptical.

The global prevalence of overweight and obese people is expected to be one of the main drivers of growth in the oval exercise equipment market through the forecast period. With the growing popularity of fast food and junk food, changes in consumer eating habits can boost the growth of the elliptical exercise market.

Obesity is one of the leading causes of cancer, and because of genetic differences, women are more likely to develop cancer than men. With the advent of smartphones, gamers have revolutionized the integration of fitness equipment with technical equipment that can be operated through smartphones. Connected fitness devices help you track physical activity and collect data using portable devices and mobile apps. These factors are expected to drive market growth through the forecast period.

Starting with good technology solutions, large companies are focused on expanding their product range to meet the needs of different consumers. For example, Octane Fitness recently developed a cross-trainer with intelligent steps that can be automatically adjusted along with a digital contact heart rate sensor. Leading players like the Nordic Track and Octane Fitness focus on equipping the handlebars with a 3-speed console fan and multi-grip capabilities. These factors drive the demand for the product in the market.

Increased awareness of health and fitness, increased chronic illnesses such as diabetes and heart attacks, and an increasingly obese population are major drivers of the market. Government initiatives to promote health and increase the youth population are increasing the demand for product in the market.

Smartphones are becoming more popular all over the world. Large companies have launched advanced fitness equipment with high-tech devices that can be connected using smartphones. These are associated with fitness apps that help users check their health and improve their fitness equipment such as elliptical machines, treadmills and other related fitness equipment. The availability of elliptical trainers at high prices is hampering the market growth.

Market trends and challenges are analyzed and compiled in the report. The data of 2022 is considered for a better understanding of the client. Moreover, Analytics of the market is based on real numbers of past years from 2018 to 2022 with market forecast until 2029.
Elliptical Market Segment Analysis:
By Product, Elliptical Trainer dominated the market with a 43 % share in 2022. Elliptical Trainer is the most common exercise equipment in the gym. They help strengthen the cardiovascular system. Other functions include quadriceps, gluteal muscles, hamstrings, and calf exercise. These exercise machines put less pressure on the joints, reducing the risk of injury. They are majorly used by the aged population and those recovering from injuries. These factors are driving the growth of the segment in the market.

Elliptical Cross Trainer is expected to grow at a CAGR of 5 % through the forecast period. Elliptical Cross Trainers offers gentle aerobic exercise-based training. They fit the body by moving certain muscle groups, increasing heart rate and breathing, and improving overall fitness over time. Standing on the footplate, the machine provides a controlled path of movement for the legs and arms.

Your arms move in a controlled backward movement, and your feet move in an elliptical circular motion. These factors are expected to drive the demand of the segment in the market. Elliptical Cross Trainer with Handle is one of the few cardio machines that can provide both upper and lower body training. This factor is expected to drive the growth of the segment in the market through the forecast period.

By Application, Health Clubs and Gym dominated the market with a 46 % share in 2022. The growing need for fitness and the urge to stay stress-free is driving market growth in this segment. The rapid introduction of new equipment and technology into gyms and fitness studios is one of the key drivers behind the growth of the elliptical market. The growing youth population with the urge to lead a healthy lifestyle, an increasing number of gyms and health clubs, etc. These factors are driving the market growth of the segment.

The individual Users segment is expected to grow at a CAGR of 6.5 % through the forecast period. Increasing health awareness, busy lifestyle and aged population with leg injuries can't go to the clubs and gym. The use of ellipticals has increased in households. These factors are expected to drive the growth of the segment through the forecast period.
Regional Insights:
North America dominated the market with a 42 % share in 2022. Increased interest in fitness and increased consumer health awareness in developed countries is driving the growth of the elliptical market in the region. The surge in product innovation accompanies the increasing trend towards home gymnastics and due to the aging population of the region. Growing customer health consciousness, product innovation, more home studios, aging population, and increasing health problems like obesity, etc. These factors are driving the market growth in this region.

Asia Pacific region is expected to grow at a CAGR of 7.4 % through the forecast period. The growing young population in the region and the dominance of diabetes and obesity, among other conditions in the region, is expected to drive the growth of the elliptical market. The prevalence of obesity, increasing the population both young and aged. These factors are expected to drive the growth of the market in this region through the forecast period.

The objective of the report is to present a comprehensive analysis of the Elliptical market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Elliptical market dynamics, structure by analyzing the market segments and project the Elliptical market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Elliptical market make the report investor’s guide.
Elliptical Market Scope: Inquiry Before Buying



Elliptical Market


Base Year
2022
Forecast Period
2023-2029


Historical Data
CAGR
Market Size in 2022
Market Size in 2029


2018 to 2022
12%
US$ 2.01 Bn
US$ 4.99 Bn


Segments Covered


by Product
Elliptical Trainer
Cross Trainer
Elliptical Glider
by Application
Health Clubs & Gyms
Individual Users
Commercial Users


Regions Covered


North America
United States
Canada
Mexico
Europe
UK
France
Germany
Italy
Spain
Sweden
Austria
Rest of Europe
Asia Pacific
China
S Korea
Japan
India
Australia
Indonesia
Malaysia
Vietnam
Taiwan
Bangladesh
Pakistan
Rest of APAC
Middle East and Africa
South Africa
GCC
Egypt
Nigeria
Rest of ME&A
South America
Brazil
Argentina
Rest of South America



Key Players are:
1.Precor
2.Cybex International
3.ICON Health and Fitness
4.Paramount
5.FreeMotion Fitness
6.Life Fitness
7.SOLE Treadmills
8.Johnson Health Tech
9.ProForm Fitness
10.Smooth Fitness
11.Core Health & Fitness
12.Octane Fitness
13.Nautilus
14.Sports Art
15.Bodyguard
16.Technogym
17.Star Trac
18.STEX
19.BODY-SOLID
20.Schwinn
21.Good Family
22.MBH

1] What segments are covered in the Elliptical Market report?
Ans. The segments covered in the Elliptical Market report are based on Product and Application.

2] Which region is expected to hold the highest share in the Elliptical Market?
Ans. Asia Pacific Region is expected to hold the highest share in the Elliptical Market.

3] What is the market size of the Elliptical Market by 2029?
Ans. The market size of Elliptical Market by 2029 is US $ 4.99 Bn.

4] Who are the top key players in the Elliptical Market?
Ans. Precor, Cybex International, ICON Health and Fitness, Paramount, FreeMotion Fitness, Life Fitness, SOLE Treadmills, Johnson Health Tech, ProForm Fitness, Smooth Fitness, Core Health & Fitness, Octane Fitness, Nautilus, Sports Art, Bodyguard, Technogym, Star Trac, STEX, BODY-SOLID, Schwinn, Good Family, MBH.

5] What was the market size of the Elliptical Market in 2022?
Ans. The market size of Elliptical Market in 2022 was US $ 2.25 Bn.