North America Fitness Equipment Market 2022-2028

North America Fitness Equipment Market 2022-2028

MARKET OUTLOOK
According to Triton Market Research, the North American fitness equipment market is assessed to attain a CAGR of 2.13% in revenue over the forecasting years from 2022 to 2028. The United States and Canada together form the market in the assessed region.
The US obesity levels have increased immensely over the past decade, surging concerns pertaining to various conditions caused by obesity. As per estimates, approximately 36.5% of adults are obese, around two-thirds of the total adult population. This has led to a rise in fitness trends across the country, resulting in the establishment of various health and fitness clubs. This growth in the number of gyms and fitness institutes boosts the adoption of fitness equipment. Besides this, the growth in home workouts has led to increased adoption of fitness gear. All these factors actively contribute to the growth of the studied market.
Likewise, the growing incidence rate of obesity in Canada has encouraged people to opt for gym memberships or home workout kits. The COVID-19 outbreak resulted in the rise in virtual workout sessions, which led to the development of numerous smart home workout gear. Moreover, many users follow strict fitness and nutrition regimes, which has further increased the demand for fitness equipment. Therefore, as stated above, these fitness trends are likely to propel the fitness equipment market on a positive growth trajectory.

COMPETITIVE OUTLOOK
The distinguished companies in the fitness equipment market include Gymequip EU, Core Health and Fitness LLC, Impulse Health Tech Co Ltd, Life Fitness, Precor Incorporated, Peloton Interactive Inc, and Technogym SPA.