Fitness Equipment Market Expected to Reach $14.8 Billion by 2028
Increase in concerns over health amid COVID-19 pandemic is driving the market expansion According to a new report published by Allied Market Research, titled, “ Fitness Equipment Market by Type and End User: Opportunity Analysis and Industry Forecast, 2021–2028,” the Fitness Equipment market was valued at $11.6 billion in 2020, and is projected reach $14.8 billion by 2028, registering a CAGR of 3.3% from 2021 to 2028 Key Findings Of The Study By region, North America dominates in terms of fitness equipment market share and is expected to retain its dominance during the forecast period. By type, the cardiovascular training equipment segment led in terms of market share, and is expected to gain market share in the upcoming years By end user, the home consumer segment accounted for more than 60% share of the fitness equipment market growth in 2020, due to imposition of social distancing and gym closures during the COVID-19 pandemic. However, the health club/gym segment is pois...