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The global home fitness equipment market size is projected to grow from USD 10.73 billion in 2021 to USD 14.74 billion in 2028. The rising development of smart dumbbells is set to affect the market positively. These can be connected with smart electronic devices and have built-in sensors. In February 2021, for instance, Milt and Devon Linn announced their plan to open their ‘smart fitness studio’ in West Chester next week. It is called The Exercise Coach and relies on robotics and computers instead of dumbbells and treadmills. Fortune Business Insights™ published this information in a new study, titled, “Home Fitness Equipment Market, 2021-2028.” As per the study, the market stood at USD 10.18 billion in 2020. It would exhibit a CAGR of 4.6% in the forecast period between 2021-2028.

Technogym Introduces Technogym Bike with Support from 1Rebel

In November 2019, Technogym, a leading provider of equipment and digital technologies headquartered in Italy, introduced its new smart indoor exercise bike called Technogym Bike. It will help the company to compete with the best-seller Peloton model. The launch was supported by 1Rebel, a London-based boutique fitness studio. It rolled out Ride Live, a platform delivering unlimited access to stream spin classes with trainers on Technogym Bike in the gym or at home.

Report Coverage-

The research report delivers a blend of quantitative and qualitative assessment, as well as first-hand information by industry analysts. It also includes inputs from industry participants and experts across the value chain. It not only offers home fitness equipment industry attractiveness as per segments, but also provides a complete picture of governing factors, macroeconomic indicators, and parent market trends.

Information source: 

https://www.fortunebusinessinsights.com/home-fitness-equipment-market-105118

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