LONDON, July 14, 2015 /PRNewswire/ -- The global stationary cycle market is estimated to grow at a CAGR of 4.6% from 2014 to 2019. Though the mature markets (such as the U.S., Germany, and the U.K.) hold larger shares in the stationary cycle market, the Asian region is expected to grow at the fastest CAGR of 5.9% during the forecast period of 2014 to 2019. The global stationary cycle market holds a high potential for growth in future, due to a number of forces that favor this market, such as the exponentially increasing health and fitness consciousness among consumers worldwide.
The global market is also fueled by factors such as high obesity incidence; a colossal patient pool that suffers from cardiovascular diseases; government initiatives to raise funds; conferences; as well as the arrangement of community-based physical activities and healthy eating programs. However, the paucity of R&D facilities and deceptive marketing strategies/practices adopted by players in the fitness equipment market to attract customers may obstruct the growth of this market in the coming years. The shift of major health club chains towards equipment retailing and an emergence of new distribution channels in the fitness industry provide numerous growth opportunities for the market players.
In this report, the global stationary cycle market has been broadly classified on the basis of product type, pricing of equipment, end-user, and geography. The products segment is classified into recumbent stationary cycle, upright stationary cycle, and others. Based on the pricing of the equipment, the global stationary cycle market has been categorized into premium equipment and budget equipment. The major end-users of the global stationary cycle market are vertical markets, health clubs, and home fitness segments.
Geographically, the market has been divided into four regions, namely North America, Europe, Asia, and Rest of the World (RoW). North America (comprising the U.S. and Canada) commanded the largest share of 44.5% of the global stationary cycle market in 2014, followed by the European market. As per the American Society for Aesthetic Plastic Surgery (ASAPS), approximately 313,011 liposuction procedures were performed in the U.S. in 2012. About 37.5% of adults in the U.S. are obese; this is expected to increase to 42% by 2030 (as per the Centre for Disease Control and Prevention). Hence, with the increasing rate of obesity in North America, the market is projected to grow further.
The report has profiled the leading players of this market, along with their developments (new product launches, partnerships, agreements, collaborations, and joint ventures) over the past few years and strategies adopted by them to sustain and strengthen their position in the global stationary cycle market. Nautilus, Inc. (U.S.), Body-Solid, Inc. (U.S.), LifeCORE Fitness, Inc. (U.S.), Brunswick Corporation (U.S.), Cybex Corporation (U.S.), Precor, Inc. (U.S.), Technogym (Italy), Star Trac (U.S.), ICON Health & Fitness, Inc. (U.S.), and Johnson Health Tech. Co., Ltd. (Taiwan) are some of the key players that are engaged in this market.
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