The Smart Wearables for Sports and Fitness Market Report 2019 emphasizes how the fitness equipment industry maintained a relatively optimistic growth in the past four years and it will further expand in the next future. The Report contains detailed forecast estimations in terms of market size, revenue outcome, sale volume, production volume, and growth rate which have been extracted after an in-depth evaluation of historical occurrences of the market.
Europe is expected to remain the most lucrative region for sales of fitness. At global level, the market is projected to register a growth of 3% during 2016 to 2024, in terms of volume. In 2016, 13,812,312 units of fitness equipment were sold across the globe and, by 2024, the sales of fitness equipment are expected to reach 17,548,158 units.
Weight training equipment is expected to continue its dominance over the global fitness equipment market through 2024. Health clubs are expected to remain the fastest growing end-user segment, in terms of volume, through 2024. Sales of fitness equipment are channelled through online and offline stores. Yet, the offline stores accounted for more than 80% volume share of the global fitness equipment market.