Allied Market Research released a new market report titled 'Fitness Equipment Market by Type and End User: Opportunity Analysis and Industry Forecast, 2021-2028.'
The report's key highlights suggest that the fitness equipment market will reach $14.8B at a CAGR of 3.3% by 2028.
- The North American market is a critical player in the fitness equipment market.
- This trend is projected to grow in areas of the consumer segment, which accounted for a 60% share.
- The health/gym market segment is expected to gain the most market share throughout the years with a CAGR of 6.4%.
- In Asia, the health/gym market segment will see robust growth with a 5.7% CAGR during the same forecasted years.
