Fitness Equipment Market 2020 - Industry Demand, Insight & Forecast By 2028

James Cole17 Jun, 2020Business

According to a new market report published by Industry Probe (https://www.industryprobe.com) titled ‘Fitness Equipment Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027’, the global fitness equipment market was valued at US$ 2.9 Bn in 2017 and is expected to expand at a CAGR of 6.7 % from 2019 to 2027. The global fitness equipment market was valued at US$ 2,960.2 Mn in 2019 and is expected to expand at a CAGR of 6.7 % from 2019 to 2027. Increasing awareness regarding health and fitness all over the world and the rising disposable incomes coupled with urbanization and industrialization has resulted in the growth of the fitness equipment market. Europe is expected to hold a largest market share in the global fitness equipment market in 2017 followed by North America and Asia Pacific. Asia Pacific is expected to be a key upcoming market for fitness equipment during the forecast period. The concept of preventive measures against chronic diseases has ex