The global Fitness Equipment Market Growth Accelerated by Popularity of Home Fitness
Fitness Equipment such as treadmills, exercise bikes and free weights help maintain cardiovascular health and muscle strength. With product connectivity features and custom workout programs, they provide a convenient way to maintain fitness in the comfort of one's home. The global Fitness Equipment Market is estimated to be valued at US$ 20.84 billion in 2023 and is expected to exhibit a CAGR of 1.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The popularity of home fitness has accelerated growth in the Fitness Equipment Market. With disruptions in gym openings and limitations on public workouts during the pandemic, home workouts became a necessity. This prompted many consumers to purchase basic fitness essentials and invest in smart home gym equipment. Online workout classes and social media further supported home exercise routines. As a result, treadmills, stationary bikes and other cardiovas...