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 exercise as the main goal, driving consumers to the gym and various fitness centers. The market in Europe is anticipated to dominate the global fitness equipment market in revenue terms in the year 2017, and this trend is projected to grow throughout forecast period.
