Fitness Equipment Market to Generate $15,762.41 Million and Exhibit a CAGR of 4.5% from 2021 to 2028

The global fitness equipment market is estimated to witness massive growth in forecast period, owing to the rising obese population and growing demand for fitness equipment for home use. The Asia-Pacific region is anticipated to witness its fastest growth by 2028.

Research Dive in its latest published report estimates that global fitness equipment market will generate $15,762.41 million and exhibit a CAGR of 4.5% from 2021 to 2028.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐧𝐨𝐰 @ https://www.researchdive.com/download-sample/4973

𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬

The number of overweight and obese population has increased rapidly across the globe. In addition, there is a rise in adoption of sedentary lifestyles, which is increasing the risk of cardiovascular diseases, hypertension, and other health disorders. These factors are predicted to increase the demand for fitness equipment for home use, thereby resulting in boosting the growth of the global market during the forecast period. Moreover, the growing awareness and importance of good health among millennials is predicted to create huge growth opportunities for the market by 2028. However, fitness equipment is expensive and the installation costs of gym setup at home are high, which is expected to hamper market growth during the estimated timeframe.

𝐈𝐦𝐩𝐚𝐜𝐭 𝐨𝐟 𝐂𝐎𝐕𝐈𝐃-𝟏𝟗 𝐏𝐚𝐧𝐝𝐞𝐦𝐢𝐜 𝐨𝐧 𝐭𝐡𝐞 𝐅𝐢𝐭𝐧𝐞𝐬𝐬 𝐄𝐪𝐮𝐢𝐩𝐦𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭

The COVID-19 pandemic has progressively impacted the the growth of the global fitness equipment market. The increase in the fitness equipment market size and share is mainly due to growing demand for home fitness equipment as gyms and health clubs are closed during the pandemic to curb the spread of the coronavirus. In addition, many leading companies of the market are introducing new technologies to make home workout more engaging with fitness equipment. This factor is predicted to bolster the growth of the global fitness equipment market during the unprecedented times.

𝐊𝐞𝐲 𝐒𝐞𝐠𝐦𝐞𝐧𝐭 𝐅𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭

The research report segments the global fitness equipment market into equipment type, end user, and region.

Based on equipment type, the cardiovascular training equipment sub-segment is expected to garner $8,749.72 million by 2028 and hold the dominating market share during the forecast period. This is mainly due to excessive fat burning properties of cardiovascular fitness equipment. In addition, the rising demand for cardiovascular equipment among the sports enthusiast and the home users is expected to boost the sub-segment’s growth by 2028.

Based on end-user, the home consumer sub-segment is projected to grow at a significant rate and generate $4,536.66 million by 2028. This growth can be majorly attributed to increasing adoption of sedentary lifestyle by people and time flexibility offered by exercising at home. Besides, the growing prevalence of obesity and cardiovascular disease has shifted the interest of consumers in routine exercise & healthy lifestyle, which is driving the sub-segment’s growth.

Based on region, the Asia-Pacific market for fitness equipment is expected to surpass $4,350.47 million and grow at the fastest CAGR during the forecast period. The increase in number of young population, rapid urbanization, and rising disposable income are factors projected to accelerate the regional market growth in the coming years. Besides, the increasing presence of gym chains and fitness franchises is fueling the demand for fitness equipment in the Asia-Pacific.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 @ https://www.researchdive.com/request-for-customization/4973

𝐏𝐫𝐨𝐦𝐢𝐧𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬

The key players of the global fitness equipment industry include Peloton, Life Fitness, True Fitness, Core Health & Fitness, LLC, iFIT.com, Johnson Health Tech, JERAI Fitness Pvt. Ltd, Rogue Fitness, ShuHua Sports Co., Ltd., and Cosco Sports Equipment. These players are focusing on product launches, technological advancements, and strategic collaborations to gain competitiveness in the global market.

𝐌𝐚𝐣𝐨𝐫 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

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