Consumer & Luxury Goods Market Research News

Research delivers insight into the fitness equipment market revenue that will reach $13.8 billion by 2024

Consumer Market Research

Rapidly growing urbanization and industrialization have led to an increase in pollution, work hours, and unhealthy eating habits resulting in drastically increased stress and other health issues. This has increased gym membership amongst the working population. Moreover, there is an increase in health awareness among the global geriatric population, predominately in the Asia Pacific and Europe regions, causing the baby boomer generation to enroll in specialized gyms and health clubs.

As per the report "Fitness Equipment Market Make an Inquiry about this news by Type (Cardiovascular Training Equipment (Treadmills, Elliptical, Stationary bike, Rowing machine), Strength Training Equipment and Others Equipment),by End User (Home Consumer, Hospitals & Medical Centers, Corporate Offices, Hotels, Other Commercial Users), Industry trends, Estimation & Forecast, 2016 - 2024", the fitness equipment market was valued at $10.2 billion in 2016, and is projected to reach $13.8 billion by 2024, growing at a CAGR of 4.1% from 2017 to 2024. In 2016, the cardiovascular segment held the highest revenue share in the global fitness equipment market.

Among major regions, North American fitness equipment market was the highest revenue generating market valued at $4.1 billion in 2016.

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Cardiovascular Equipment market segment generated the highest revenue of $5.8 billion in 2016

The cardiovascular equipment market is anticipated to dominate globally with a CAGR of 4.1% from 2017 to 2024.