The Business Research Company’s latest report Home Fitness Equipment Global Market Report 2020 covers Home Fitness Equipment market drivers, Home Fitness Equipment market trends, Home Fitness Equipment market segments, Home Fitness Equipment market growth rate, Home Fitness Equipment market major players, and Home Fitness Equipment market size. The report provides in-depth analysis of the impact of COVID-19 on the Home Fitness Equipment industry, along with revised market numbers due to the effects of the coronavirus.
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Home Fitness Equipment Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global home fitness equipment market is expected to grow from $6.76 billion in 2019 to $9.49 billion in 2020 at a compound annual growth rate (CAGR) of 40.4%. The growth is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, remote working, and other commercial activities that paved way for increasing demand for fitness equipment for home-based workouts and improvement of online fitness content. The market is expected to stabilize and reach $8.62 billion in 2023 at a CAGR of -3.16%.
The report covers the Home Fitness Equipment market’s segments-
1) By Product: Treadmills, Elliptical Machines, Rowing Machines, Strength Training Equipment, Others.
2) By Applications: Home, Small Gyms, Offices, Others.
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