Global Physical Fitness Equipment Market to Reach $18.5 Billion by 2026
Physical fitness industry comprises equipment and gear that are used at home or institutions such as clubs/gyms, colleges, schools, hotels, hospitals and spas for maintaining healthy body through regular exercise. Growth in the market is set to be driven by growing focus on health and wellness against the backdrop of increasing health consciousness amidst rising incidents of chronic diseases. The increase in number of fitness centers, health clubs and gyms and gym memberships is also expected to boost demand. Rapid industrialization and urbanization, especially in countries like China and India, along with resulting increase in work hours, sedentary lifestyles, unhealthy eating habits and pollution are making people susceptible to high stress levels and health issues.