Fitness equipment Market Report give our customers an exhaustive and top to bottom examination

Fitness equipment comprise all machines and monitoring devices required for various physical exercises. The report covers the study of the fitness equipment industry along with its types, users, and geographic prospects. The segments analyzed in the report by users of fitness equipment comprise home consumer, health clubs, and other commercial users (corporate offices, hotels, hospitals & medical centers, and public institutions).

The global fitness equipment market is projected to reach around US$ 24.1 billion by the end of 2027, in terms of revenue, growing at CAGR of 3.5% during the forecast period (2019-2027).

As people become more interested in fitness, the global fitness equipment market has grown at a reasonable rate in recent years. The fitness industry has grown significantly in terms of gym model as well as a holistic concept of fitness by providing dedicated fitness equipment to an individual. The top factors influencing the market growth include global rise in obese population, surge in disposable income in developing countries, and increase in young population across developing regions. However, the COVID-19 outbreak is another factor that has influenced people's preferences toward their fitness goals. In the midst of COVID-19, the fitness equipment industry is looking for ways to remain relevant by providing fitness equipment to consumers. People are becoming more conscious toward their health and looking for several fitness equipment that can be used at home.

Self-care, including mental, physical, and emotional health, is becoming an increasingly important part of people's health in the aftermath of COVID-19. The pandemic has raised public awareness about the importance of improving one's immune system and physical fitness. The imposition of lockdown all over the world has also resulted in gym closures, forcing gym goers to shift to home fitness equipment beginning in 2020. Increased health and fitness awareness is expected to drive significant growth in the home fitness equipment market. However, the overall fitness equipment market size fell in the same year.