Demand

Huge Demand Of Exercise Bikes Market By 2027

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Peloton drops 7% after the cycle-maker said it’s struggling to keep up with surging demand for its flagship fitness products



a man doing a trick on a stage: Peloton


© Peloton
Peloton

  • Peloton’s shares dropped 7% at the market open on Friday after the release of its second-quarter earnings.
  • The cycle-maker said it would invest $100 million to accelerate the speed of product deliveries worldwide.
  • Wedbush maintained its outperform rating on Peloton as analysts expect the at-home fitness trend to last.
  • Sign up here for our daily newsletter, 10 Things Before the Opening Bell.

Peloton fell 7% on Friday after the company said it continued to struggle with delivering its bike and treadmill products on time.

The company reported its first ever billion-dollar quarter on Thursday, helped by a boom in demand for fitness products during the holiday season. But over the past year, Peloton’s customers have complained of months-long waits, delivery delays, and last-minute cancellations.

Manufacturing lags were not the only challenge for deliveries. Shortages of containers, extended port delays, and a backlog to get containers unloaded

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Racket Sports Equipment Market Analysis, Growth , Size, Share, News, Demand, Evolving Opportunities Studied For The Period Until 2025

The MarketWatch News Department was not involved in the creation of this content.

Japan, Japan, Tue, 02 Feb 2021 05:26:21 / Comserve Inc. / — The report analyzes the international markets including development trends, competitive landscape analysis, investment plan, business strategy, opportunity, and key regions development status.

The global racket sports equipment market is expected to grow with a CAGR of 2.64% during the forecast period (2020 – 2025).

– An increasing interest in outdoor activities in order to maintain wellbeing and fitness is a major driving factor for the growth of the market.
– The upgrading society in the developing regions backed up by an improved economy has been motivating the locals to develop a likeness for racket sports that require individual equipment.
– However, due to the inclination of a major portion of the population in the European countries towards football and other sports and adventure activities, the

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