Technavio Announces Top Five Vendors in the Global Cardiovascular Training Equipment Market Until 2020

LONDON--()--Technavio has announced the top five leading vendors for the global cardiovascular training equipment market in their latest research report. This report also lists three other prominent vendors who are expected to contribute to this market’s growth over the forecast period.

To identify the top vendors, Technavio’s market research analysts have considered the top contributors to the overall revenue of this market. To calculate the market size, we use the revenue generated from the sale of cardiovascular training equipment.

On the basis of end-users, the global cardiovascular training equipment market has been segmented as follows:

  • Health club and gym
  • Home
  • Commercial (corporations, hospitals, and hotels)

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“Consumers are increasingly exhibiting a demand for instructor-led workouts that offer proper training as well as fun and creative ways to stay in shape. Health clubs and studios have started offering group fitness classes that combine various workout formats to make the exercise regimen more interactive. By 2016, equipment companies aim to deliver solutions that enable clubs and studios to create a variety of combined formats, such as cycling and boxing, treadmill running and strength training, and rowing and body-weight training,” said Abhay Sinha, one of Technavio’s lead analysts for health and wellness.

“These new formats will provide instructors and trainers with innovative ways to engage members and produce effective results. This will lead to an increase in demand for fitness equipment, including cardiovascular training equipment in the future,” added Abhay.

Top five leading vendors in the global cardiovascular training equipment market:

Cybex International

The company focuses on expanding its fitness and exercise equipment. The Cybex product line includes both, strength training and cardiovascular training machines. The company manufactures and markets a wide range of exercise gear and fitness equipment. The company also engages in parts and freight sales.

The company manufactures a wide selection of strength training equipment in the health and wellness market with more than 150 units, including plate-loaded strength equipment, free weights, and Big Iron (a series of racks and benches). The cardiovascular equipment includes a full line of treadmills and bikes and the revolutionary Arc Trainer (a unique offering in the elliptical category).

ICON Health and Fitness

ICON Health and Fitness was founded in 1994 and is headquartered in Logan, Utah, US. The company develops, manufactures, and markets fitness equipment. Some of its product categories include treadmills and elliptical crosstrainers. The company offers products under various brands, including NordicTrack, Pro-Form, Weider, Healthrider, Freemotion Fitness, Weslo, and Reebok.

The company has its presence worldwide through its subsidiaries that include ICON Asia, ICON Brazil, ICON Europe, ICON Latin America, and ICON Mexico. Some of their retailers include Academy Sports, Costco Wholesale, Dunham Sports, Boscons, Amazon.com, Dick's Sporting Goods, Kmart, Sports Authority, Shopko, Walmart, Stayfit, Target, Decathlon, and Fitness Concept.

Nautilus

Nautilus was founded in 1986 and is headquartered in Vancouver, Washington, US. It is one of the leading wellness companies in the world. The company markets and sells a wide range of consumer fitness equipment. It markets its products through a network of distributors, specialty dealers, and retailers worldwide. Nautilus, through its subsidiaries, operates in the US, Canada, and China. The company carries out logistics operations through a network of warehouses and distribution facilities located in Portland, Oregon, US; Obetz, Ohio, US; and Winnipeg, Alberta, Canada. As of December 2015, the company had 470 employees. For FY2015, the company invested USD 9.9 million in R&D, and the net sales generated were USD 335.8 million.

Precor

Precor was founded in 1980 and is headquartered in Woodinville, Washington, US. They are a wellness company and manufacture and market a wide range of fitness and gym equipment worldwide. The company also provides pre-sales and after-sales support services such as facility designs, financing options, member attraction initiatives, and planning services. The company serves education institutions, hotels, gyms, local authorities, and individual exercisers and operators. Precor operates as a subsidiary of Amer Sports. They own internationally recognized brands such as Atomic, Suunto, Wilson, Arc’Teryx, Mavic, and Salomon.

Technogym

Technogym was founded in 1983 and is headquartered in Cesena, Emilia-Romagna, Italy. They are a wellness company that engage in the design and manufacture of various fitness equipment and solutions across the world. Their products are marketed to various hotels, spas, rehabilitation centers, company gyms, fitness clubs, private homes, professional sports facilities, and universities. They have more than 2,200 employees across 14 branches globally. Technogym exports its products to over 100 countries.

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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com
media@technavio.com

Release Summary

Technavio has announced the top five leading vendors for the global cardiovascular training equipment market in their latest research report from 2016-2020.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com
media@technavio.com