Pune, India, April 15, 2021 (GLOBE NEWSWIRE) — The global home fitness equipment market is set to gain impetus from the increasing development of smart treadmills. They help to accurately monitor run and jog speed, as well as heart rate. They can also be easily folded for easy mobility. In February 2021, Peloton, for instance, introduced an affordable version of ‘The Tread,’ a smart treadmill in the U.S. in May. Fortune Business Insights™ presents this information in a new report, titled, “Home Fitness Equipment Market, 2021-2028.” As per the report, the home fitness equipment market size is projected to grow from USD 10.73 billion in 2021 to USD 14.74 billion in 2028 at a CAGR of 4.6% in the forecast period. It stood at USD 10.18 billion in 2020.
COVID-19 Pandemic: Closure of Gymnasiums to Surge Sales of Home Fitness Equipment
The COVID-19 pandemic has surged the number of people working out at the comfort of their homes. Stringent lockdown norms by regulatory bodies in various countries have resulted in the temporary closure of public gymnasiums and fitness institutes. As per Business Wire, as of May 2020, the sales of home fitness equipment showcased a growth of 170% amid the pandemic. Our reports will deliver accurate information about the current status of the industry.
List of the Leading Companies Profiled in the Global Home Fitness Equipment Market are:
- Icon Health & Fitness, Inc. (Utah, United…