According to Cognitive Market Research, the global power rack market size is USD 715.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 6.50% from 2024 to 2031.
North America held the major market of more than 40% of the global revenue with a market size of USD 286.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 214.56 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 164.50 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.5% from 2024 to 2031.
Latin America's market has more than 5% of the global revenue, with a market size of USD 35.76 million in 2024, and will grow at a compound annual growth rate (CAGR) of 5.9% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 14.30 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.
The gym held the highest power rack market revenue share in 2024
