Global Fitness Equipment Market by Product Types, End-users, and Regions — Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020–2026

The global fitness equipment market was valued at USD 11.5 billion in 2019 and is expected to reach USD 14.5 million by 2026, expanding at a CAGR of around 3.5 % during the forecast period, 2020–2026. The growth of the market is attributed to increasing health and fitness awareness around the globe.

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Fitness equipment is a machine or device used to maintain fitness and weight, improve stamina and flexibility or develop muscular strength. It is made up of various objects such as weight machines, cables, rowers, harness, elastic bands, and pulleys. Equipment is designed for each specific training and accurate outcome post workout with adequate techniques. The equipment commonly used for training are treadmills, elliptical, stationary bicycles, weightlifting & strength building machines. The use of equipment is strongly advised by medical practitioners to avoid risk of diabetes, high cholesterol, heart related ailments and promote health and fitness activities for a healthy lifestyle.

Market Trends, Drivers, Restraints, and Opportunities:

Increasing health and fitness awareness around to globe to boost immune system and healthy cardiovascular process is driving the growth of the market.
Sedentary lifestyle and work stress due to hectic schedule are boosting the growth of the market.
Medical recommendation and rising obesity rates are fueling the growth of the market.
Cost of installation & maintenance, along with larger installation space is discouraging consumers to opt for personal equipment, thus hampering the growth of the market.
Rising development and innovation for portable, foldable and economic equipment is expected to foster the growth of the market in forecasted period.