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Gym Equipment Market 2021, Industry Analysis, Size, Share, Growth, Trends and Forecast to 2027
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Gym Equipment Market 2021, Industry Analysis, Size, Share, Growth, Trends and Forecast to 2027
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| Press Release
Global $1.5 bILLION Connected Gym Equipment Market Trajectory & Analytics to 2027 with COVID-19 Impact on Production and Procurement for 2020 & 2021
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Global Connected Gym Equipment Market to Reach US$1.5 Billion by the Year 2027
Amid the COVID-19 crisis, the global market for Connected Gym Equipment estimated at US$255.7 Million in the year 2020, is projected to reach a revised size of US$1.5 Billion by 2027, growing at a CAGR of 28.3% over the analysis period 2020-2027.
Cardiovascular Training Equipment, one of the segments analyzed in the report, is projected to grow at a 29.7% CAGR to reach US$913.5 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Strength Training Equipment segment is readjusted to a revised 26.9% CAGR for the next 7-year period. This segment currently accounts for a 29.3% share of the global Conn