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According to a new report published by Allied Market Research, titled, “Fitness Equipment Market by Type, and End User: Global Opportunity Analysis and Industry Forecast, 2020–2027,” the global fitness equipment market size was $11.5 billion in 2019, and is projected reach $15.2 billion by 2026, registering a CAGR of 3.5% from 2020 to 2027Medium-priced cardiovascular fitness equipment with smarter workout tracking, and entertainment features are expected to attract more customers in developing countries such as India and China, due to price sensitivity.
However, the developed markets are anticipated to be driven by high-end equipment with advanced and sophisticated user engagement and monitoring featureSome of the key players in the fitness equipment market analysis includes ICON Health & Fitness, Inc., Brunswick Corporation, Johnson Health Tech Co., Ltd., Technogym S.p.A, Amer Sports Corporation, Nautilus, Inc., Core Health and Fitness, LLC, TRUE Fitness Technology, Inc., Impulse (Qingdao) Health Tech Co., Ltd., and Torque Fitness, LLC.Download FREE Sample Copy Of Report >>> https://www.alliedmarketresearch.com/request-sample/644Fitness equipment are widely used for physical fitness, weight management, and improving body stamina & muscular strength.
However, counterfeiting of fitness equipment is a key restraining factor of the market.
In 2016, world’s 39% of adults aged 18 years and above were overweight and 13% were obese.
Obesity is associated to a number of health issues or disorders such as sudden cardiac arrest, hypertension, hypotension, and diabetes.
Therefore, to lose weight, reduce stress, and improve blood circulation, obese people tend to use more of fitness equipment, thereby increasing the sales for these products.Get detailed COVID-19 impact analysis@ Request For Customization >>> https://www.alliedmarketresearch.com/request-for-customization/644?reqfor=covidThe global fitness equipment market is segmented into type, end user, and region.