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North America fitness equipment market revenue will reach $5 billion by 2024 according to new research report

Rising urbanization and industrialization has resulted in an increase in urban pollution, working hours, and improper eating habits. This has resulted in drastically increased stress and other health issues causing increased inclination towards fitness clubs amongst the working population. Moreover, an increase in health awareness among the geriatric population, predominately in the U.S. is leading to an increase in the growth of fitness equipment market in North America.

As per the report "North American Fitness Equipment Market  Make an Inquiry about this newsby Type (Cardiovascular (Treadmill, Elliptical, Stationary Bike, Rowing Machine and Others ), Strength training, Others), by End User (Home, Health Club, Other Commercial ), Industry trends, estimation & forecast, 2016 - 2024"The North American fitness equipment market was valued at $4 billion in 2016, and is projected to reach $5 billion by 2024, growing at a CAGR of 2.6% from 2017 to 2024. In 2016, the cardiovascular segment held the largest share of fitness equipment market in North America.

Among major countries, the U.S. fitness equipment market was the highest revenue generating market valued at $3.5 billion in 2016.

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Cardiovascular Equipment market segment generated the highest revenue of $2.5 billion in 2016

The cardiovascular equipment market is anticipated to dominate globally with a CAGR of 3% from 2017 to 2024.