Market by Type, End-user, Distribution Channel, and Country | Forecast 2022-2028
According to Triton’s report, the fitness equipment market in Latin America is expected to observe a CAGR of 4.58% in value during the forecast period 2022-2028.
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The
countries assessed in the region are:
•
Brazil
•
Mexico
•
Rest of Latin America
In Latin America, Mexico procures the largest share in the fitness equipment market.
Obesity has become a major challenge for countries in the region. This rise in
obesity levels has encouraged consumers to opt for fitness clubs and gym
memberships on a large scale. Further, numerous countries are witnessing a
surge in exercise equipment rental companies. The rise in home workouts has
also contributed to the expansion of the fitness industry across the region.
Therefore, these aforementioned factors are expected to influence the demand
for fitness equipment, in turn driving the studied market on a progressive
path.
Mexico has among the highest obesity levels in
the region, becoming a leading health concern. As per the National Health and
Nutrition Surgery, a significant percentage of adults suffer from obesity,
followed by adolescents and children. Obesity is associated with a risk of
cardiovascular conditions, breathing difficulties, hypertension, and more. As a
result, people are learning the benefits of exercising on health, which has
increased the demand for fitness equipment.
Furthermore, the country observed a substantial
rise in home gyms. For instance, Fit Home Pro enables people to rent gym
equipment through its online platform. Home fitness trends have gained momentum
since the COVID-19 outbreak, which led to the shutdown of several gyms. This
ultimately led to online training sessions, transforming the overall fitness
industry. With the availability of professional trainers online, consumers opt
for home fitness equipment. Therefore, such trends widen the scope and growth
of the fitness equipment market.
Consumers widely use cardiovascular workout equipment to advance health, lose weight, and relieve stress. Several cardiovascular machines are offered to users designed primarily for aerobic and intensity training workout routines. These gear include treadmills, ellipticals, stair climbers, rowing machines, and others. The market’s growth is assessed based on type, distribution channel, and end-user. The type segment is divided into cardiovascular equipment, strength training equipment, and other equipment.
The
well-known companies studied in the report include Gymequip EU, Total Fitness
Equipment, Impulse Health Tech Co Ltd, Precor Incorporated, Johnson Health Tech
Co Ltd, and Nautilus Inc.
Nautilus Inc is a leader in digitally connected
home fitness solutions. It offers products under brands like Bowflex, Nautilus,
Schwinn, and JRNY. The company product line comprises a broad selection of
exercise bikes, strength training gear, cardio equipment, etc. Besides, it
sells products directly to consumers through websites and retail partners
across various countries. Nautilus serves a wide client base spread across
multiple regions, including Latin America.
Nautilus Inc launched a Bowflex Max Total 16 cardio machine equipped with an HD touch screen that fits well with the digital fitness platform. It merges the low effect of an elliptical and high strength of a stepper to provide short and high-intensity interval training.
Key deliverables of the report:
• Market CAGR during the forecasting years 2022-2028
• Detailed data highlighting key insights, industry components, and
market strategies
• Comprehensive information and estimation of the fitness equipment
market revenue growth in Latin America and its influence on the parent market
• In-depth study of forthcoming trends in consumer behavioral
patterns
• A meticulous analysis of the competitive landscape, vendor
scorecard, and Porter’s Five Forces
• A wide-ranging study of factors that will challenge the LA fitness
equipment market’s growth during the upcoming years
Want to get specific insights? Our team of
analysts can customize this report based on your preferences. Connect with us here.
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VIEW REPORT1. LATIN
AMERICA FITNESS EQUIPMENT MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. IMPACT
OF COVID-19 ON FITNESS EQUIPMENT MARKET
2.2. KEY
INSIGHTS
2.2.1. RISING
ADOPTION OF WEARABLE DEVICES
2.2.2. INCREASING
POPULARITY OF HIGH-INTENSITY INTERVAL TRAINING
2.3. PORTER’S
FIVE FORCES ANALYSIS
2.3.1. THREAT
OF NEW ENTRANTS
2.3.2. THREAT
OF SUBSTITUTES
2.3.3. BARGAINING
POWER OF BUYERS
2.3.4. BARGAINING
POWER OF SUPPLIERS
2.3.5. THREAT
OF COMPETITIVE RIVALRY
2.4. MARKET
ATTRACTIVENESS INDEX
2.5. VENDOR
SCORECARD
2.6. KEY
MARKET STRATEGIES
2.6.1. MERGERS
& ACQUISITIONS
2.6.2. CONTRACTS
& AGREEMENTS
2.6.3. PRODUCT
LAUNCHES
2.6.4. EXPANSIONS
& DIVESTITURES
2.7. MARKET
DRIVERS
2.7.1. GROWING
POPULARITY OF FITNESS CULTURE
2.7.2. RISING
HEALTH CONSCIOUSNESS DUE TO AN INCREASE IN OBESITY
2.7.3. ADVANTAGES
OF FITNESS EQUIPMENT
2.8. MARKET
CHALLENGES
2.8.1. INCREASING
FRAUDULENT PRODUCTS
2.8.2. COSTLY
FITNESS EQUIPMENT
2.9. MARKET
OPPORTUNITIES
2.9.1. RISING
HOME WORKOUTS
2.9.2. APPLICATIONS
OF SMART HOME GYM EQUIPMENT
3. LATIN
AMERICA FITNESS EQUIPMENT MARKET OUTLOOK - BY TYPE
3.1. CARDIOVASCULAR
EQUIPMENT
3.2. STRENGTH
TRAINING EQUIPMENT
3.3. OTHER
EQUIPMENT
4. LATIN
AMERICA FITNESS EQUIPMENT MARKET OUTLOOK - BY END-USER
4.1. HOME
4.2. APARTMENT
4.3. HEALTH
CLUB/GYM
4.4. HOTEL
4.5. CORPORATE
OFFICE
4.6. OTHERS
5. LATIN
AMERICA FITNESS EQUIPMENT MARKET OUTLOOK - BY DISTRIBUTION CHANNEL
5.1. ONLINE
5.2. OFFLINE
6. LATIN
AMERICA FITNESS EQUIPMENT MARKET – REGIONAL OUTLOOK
6.1. BRAZIL
6.2. MEXICO
6.3. REST
OF LATIN AMERICA
7. COMPETITIVE
LANDSCAPE
7.1. CORE
HEALTH AND FITNESS LLC
7.2. CYBEX
INTERNATIONAL INC
7.3. GYMEQUIP
EU
7.4. HEINZ
KETTLER GMBH AND CO KG
7.5. IFIT
HEALTH AND FITNESS INC
7.6. IMPULSE
HEALTH TECH CO LTD
7.7. JOHNSON
HEALTH TECH CO LTD
7.8. LIFE
FITNESS
7.9. NAUTILUS
INC
7.10. PELOTON
INTERACTIVE INC
7.11. PRECOR
INCORPORATED
7.12. TECHNOGYM
SPA
7.13. TOTAL
FITNESS EQUIPMENT
7.14. TRUE
FITNESS TECHNOLOGY INC
8. RESEARCH
METHODOLOGY & SCOPE
8.1. RESEARCH
SCOPE & DELIVERABLES
8.2. SOURCES
OF DATA
8.3. RESEARCH
METHODOLOGY
TABLE 1: LATIN AMERICA FITNESS
EQUIPMENT MARKET, BY COUNTRY, 2022-2028 (IN $ MILLION)
TABLE 2: VENDOR SCORECARD
TABLE 3: PERCENTAGE OF OBESE
ADULTS BY COUNTRY IN 2021
TABLE 4: LATIN AMERICA FITNESS
EQUIPMENT MARKET, BY TYPE, 2022-2028 (IN $ MILLION)
TABLE 5: LATIN AMERICA FITNESS
EQUIPMENT MARKET, BY END-USER, 2022-2028 (IN $ MILLION)
TABLE 6: LATIN AMERICA FITNESS
EQUIPMENT MARKET, BY DISTRIBUTION CHANNEL, 2022-2028 (IN $ MILLION)
TABLE 7: LATIN AMERICA FITNESS
EQUIPMENT MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
FIGURE
1: MARKET ATTRACTIVENESS INDEX
FIGURE
2: LATIN AMERICA FITNESS EQUIPMENT MARKET, BY TYPE, 2021 & 2028 (IN %)
FIGURE
3: LATIN AMERICA FITNESS EQUIPMENT MARKET, BY CARDIOVASCULAR EQUIPMENT,
2022-2028 (IN $ MILLION)
FIGURE
4: LATIN AMERICA FITNESS EQUIPMENT MARKET, BY STRENGTH TRAINING EQUIPMENT,
2022-2028 (IN $ MILLION)
FIGURE
5: LATIN AMERICA FITNESS EQUIPMENT MARKET, BY OTHER EQUIPMENT, 2022-2028 (IN $
MILLION)
FIGURE
6: LATIN AMERICA FITNESS EQUIPMENT MARKET, BY END-USER, 2021 & 2028 (IN %)
FIGURE
7: LATIN AMERICA FITNESS EQUIPMENT MARKET, BY HOME, 2022-2028 (IN $ MILLION)
FIGURE
8: LATIN AMERICA FITNESS EQUIPMENT MARKET, BY APARTMENT, 2022-2028 (IN $
MILLION)
FIGURE
9: LATIN AMERICA FITNESS EQUIPMENT MARKET, BY HEALTH CLUB/GYM, 2022-2028 (IN $
MILLION)
FIGURE
10: LATIN AMERICA FITNESS EQUIPMENT MARKET, BY HOTEL, 2022-2028 (IN $ MILLION)
FIGURE
11: LATIN AMERICA FITNESS EQUIPMENT MARKET, BY CORPORATE OFFICE, 2022-2028 (IN
$ MILLION)
FIGURE
12: LATIN AMERICA FITNESS EQUIPMENT MARKET, BY OTHERS, 2022-2028 (IN $ MILLION)
FIGURE
13: LATIN AMERICA FITNESS EQUIPMENT MARKET, BY DISTRIBUTION CHANNEL, 2021 &
2028 (IN %)
FIGURE
14: LATIN AMERICA FITNESS EQUIPMENT MARKET, BY ONLINE, 2022-2028 (IN $ MILLION)
FIGURE
15: LATIN AMERICA FITNESS EQUIPMENT MARKET, BY OFFLINE, 2022-2028 (IN $
MILLION)
FIGURE
16: LATIN AMERICA FITNESS EQUIPMENT MARKET, COUNTRY OUTLOOK, 2021 & 2028
(IN %)
FIGURE
17: BRAZIL FITNESS EQUIPMENT MARKET 2022-2028 (IN $ MILLION)
FIGURE
18: MEXICO FITNESS EQUIPMENT MARKET 2022-2028 (IN $ MILLION)
FIGURE
19: REST OF LATIN AMERICA FITNESS EQUIPMENT MARKET 2022-2028 (IN $ MILLION)