Customers are spending more money on fitness equipment as
they emphasize their health and well-being. Step machines, which
provide an excellent cardiovascular workout, are expected to be
more popular when included in larger fitness routines.
WILMINGTON, Del., Aug. 20,
2024 /PRNewswire/ -- Allied Market Research published
a report, titled, "Step Machines
Market by Type (Mechanical Step Machines and Electric
Step Machines), and Application (Household and Commercial): Global
Opportunity Analysis and Industry Forecast, 2024-2033".
According to the report, the step machines market was valued at
$1.3 billion in 2023, and is
estimated to reach $1.8 billion by
2033, growing at a CAGR of 3.2% from 2024 to 2033.
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https://www.alliedmarketresearch.com/request-sample/4281
Prime determinants of growth
The step machines market is mostly driven by rise in health
consciousness and the popularity of at-home exercise. In addition,
demand for step machines is driven by growing awareness of physical
fitness and wellness among as well as the ease of at-home workouts.
Furthermore, step machines with enhanced appeal and user
involvement due to technological innovations like virtual coaching
and fitness tracker integration. Moreover, the market has grown as
a result of the e-commerce platforms' expansion, which has
increased accessibility to these devices. The demand for fitness
equipment is further increased by health programs that encourage
physical activity and supportive government measures. Thus, the
step machines market is expanding owing to increase in disposable
incomes and rise in urbanization in emerging economies.
Report coverage & details:
Report
Coverage
|
Details
|
Forecast
Period
|
2024–2033
|
Base Year
|
2023
|
Market Size in
2023
|
$1.3 billion
|
Market Size in
2033
|
$1.8 billion
|
CAGR
|
3.2 %
|
No. of Pages in
Report
|
250
|
Segments
Covered
|
Type, Application, and
Region.
|
Drivers
|
- Growing Health
Awareness
- Rise in Home
Fitness Trends
- Expanding Fitness
Centers
|
Opportunities
|
- Emerging
Markets
- Integration with
Wearables
|
Restraints
|
- High Cost of Step
Machines
- Space
Constraints
|
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Segment Highlights
By type, the mechanical step machines segment dominated the
market with the highest share in 2023. Steppers, another name for
mechanical steppers, are an increasingly popular category in the
step machine industry. By simulating the motion of climbing stairs,
these devices stimulate lower body muscles and provide an effective
cardiovascular workout. In contrast to their motorized
counterparts, mechanical step machines rely on the user's exertion
to move the pedals via a system of gears and hydraulic cylinders.
With a reduced chance of damage, this design guarantees a
full-body, low-impact workout. When compared to more sophisticated
models with electrical features, mechanical step machines are
preferred due to their affordability, ease of use, and longevity.
They are frequently found serving clients looking for a dependable
and simple workout option at home gyms, commercial fitness centers,
and rehabilitation facilities.
The household segment was the dominant segment in the market in
2023, as more customers placed a higher priority on at-home workout
options. Step machines are becoming a common addition to home
workout routines due to rise in health consciousness and the ease
of using them. The popularity of step machines for at-home use is
growing due to innovations like compact, foldable designs and
advanced functions like virtual coaching and fitness tracking. In
addition, the growing popularity of step machines in homes can be
attributed to the trend toward customized and adaptable fitness
alternatives, which has been pushed by recent advancements in
at-home workout trends. The increasing number of reasonably priced,
superior models that suit a range of preferences and fitness levels
further supports this trend.
Regional Outlook
Technological innovation in fitness and a strong gym culture are
driving North America's rapid rise
in home fitness and fitness awareness. The U.S. leads the way in
this regard. In addition, health-conscious customers and the
growing popularity of at-home workouts, especially in Germany, the UK, and France, are driving this rapid growth in
Europe. Globally, the demand for
products and services is increased by the fast urbanization and
growing disposable incomes of nations like Australia, Japan, and China. Furthermore, emerging markets in
Latin America, the Middle East, and Africa are increasingly growing with the help
of rising fitness trends and advancements in gym and wellness
center infrastructure.
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Players' Strategies:
https://www.alliedmarketresearch.com/purchase-enquiry/4281
Players: -
- StairMaster
- Sunny Health & Fitness
- Stamina
- Maxi Climber
- Gazelle, Precor
- Life Fitness
- TechnoGym
- Atlantis
- Playworld
The report provides a detailed analysis of these key players in
the global step machines market. These players have adopted
different strategies such as new product launches, collaborations,
expansion, joint ventures, agreements, and others to increase their
market share and maintain dominant shares in different regions. The
report is valuable in highlighting business performance, operating
segments, product portfolio, and strategic moves of market players
to showcase the competitive scenario.
Recent Development:
- In May 2023, step machines have
become increasingly common at resorts and wellness centers around
Thailand, which has seen a rise in
wellness tourism.
- In November 2023, companies such
as Sony are selling step machines that are integrated with virtual
coaching platforms, contributing to the rise in popularity of
hybrid fitness models in Japan
that combine virtual and in-person instruction.
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