Latin America is considered to be an untapped but potential market for the fitness equipment industry to thrive. The commercialization in its fitness industry is still at the nascent phase which has led to lower penetration of modernized ranges of fitness equipment in the region. Gym training is still the most preferred form of fitness training process adapted in Latin-America. The region has observed an emergence of new business models and continuing to have multipurpose and family-oriented clubs. In the last couple of years, the fitness equipment market of Latin-America has been benefitted with the growth of the low-cost gyms, the boutique phenomenon, and developing commercialization. The influx of fitness equipment manufacturing companies from the US and other American countries has been playing an important role in the commercialization of Latin-America’s fitness equipment market. The report titled “Latin-America Fitness Equipment Market, By Value, By Segment (Cardiovascular Equipment, Strength Equipment), By Equipment Type (Treadmill, Stationary Bike, Elliptical Trainer, Rowing Machine, Dumbbells, Weight Plates, Hydraulic Machines, Resistance Band & Tubes), By End User (Commercial & Residential), (Trends & Forecast), Outlook, 2025” provides the complete historical and forecasted analysis of Latin-America fitness equipment along with the top profiled companies.
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Latin-America’s fitness equipment market has been evolved by major markets like Brazil, Argentina, and Chile. Out of these major markets, Brazil’s contribution accounts for nearly half of the region’s revenue share. Increasing concentration of domestic as well as international equipment manufacturers in Brazil has let the market to dominate Latin-America’s market. Grupo Craft, Tc Industria De Maquinas Ltd, Life Fitness, Technogym, and Matrix, etc. are among the companies present in the country. Over the period of the last five years, Brazil’s fitness equipment market grew with a CAGR of above 4% till the year 2019. Other than this, Argentina & Chile have observed increasing penetration of international as well as the regional manufacturing companies which are helping to rapid up the commercialization of its fitness equipment industry. This influx has led to increased utilization of equipment at low-cost gyms, boutique fitness studios, etc.
The changing trend of Latin-America’s fitness attitude has increased the adaption of cardiovascular fitness. Access of indoor cardio with the use of indoor rowing, elliptical equipment majorly through low-cost gymming facilities in the region has let the consumers experience better-exercising facilities. The growth of this equipment in the market has increased opportunities in the market with increased adaption in place of traditional form cardio equipment. Elliptical trainers and rowers in combine have generated a revenue of over 22% in the year 2019. Moreover, the introduction of customized from treadmills & stationary bikes for a home workout has proved to be beneficial for the growth of the segments. Improved offerings in Latin-America’s cardio fitness equipment market will let its forecasted growth to be over 7% until the year 2025.
Major companies in the market
Technogym S.P.A, Amer Sports Corporation, Precor Incorporated, Cybex International INC, Life Fitness
Considered in the report
• Geography: Latin-America
• Base year: 2019
• Historical year: 2014
• Estimated year: 2020
• Forecasted year: 2025
Aspects covered in the report
• Global fitness equipment market outlook
• Latin-America fitness equipment market outlook
• Latin-America cardiovascular fitness equipment market outlook
• Latin-America strength fitness equipment market outlook
• Brazil fitness equipment market outlook
• Argentina fitness equipment market outlook
• Chile fitness equipment market outlook
• Rest of Latin-America fitness equipment market outlook
• Policy & regulations
• Porters five force model
• Company profile of top players
• Strategic recommendation
Segments covered in the market
Ø Cardiovascular fitness equipment
• Treadmill
• Stationary bike
• Elliptical trainer
• Rowing machine
• Cross Country ski
• Stair stepper
Ø Strength fitness equipment
• Dumbbells
• Weight plates
• Hydraulic equipment
• Resistance band & tubes
Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the fitness equipment industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.
Keywords: Global, fitness, cardio, strength, equipment, treadmill, cross country ski, stationary bike, stair, stepper, rowing, elliptical, trainer, dumbbells, hydraulic, free weights, resistance, training, Latin-America.
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Table of content
1. Executive Summery
2. Report Methodology
3. Global Fitness Equipment Market Outlook
3.1. Market Size By Value
3.1.1. Overall Market
3.1.2. North America Fitness Equipment Market
3.1.3. Europe Fitness Equipment Market
3.1.4. Asia-Pacific Fitness Equipment Market
3.1.5. Latin-America Fitness Equipment Market
3.1.6. Middle-East & Africa Fitness Equipment Market
3.2. Market Share
3.2.1. By Company
3.2.2. By Region
3.2.3. By Country
3.2.4. By End User
3.3. Global Cardiovascular Equipment Market Outlook
3.3.1. Market Size By Value
3.3.2. Market Share
3.3.2.1. By Region
3.3.2.2. By Type
3.4. Global Srength Equipment Market Outlook
3.4.1. Market Size By Value
3.4.2. Market Share
3.4.2.1. By Region
3.4.2.2. By Type
4. Latin-America Fitness Equipment Market Outlook
4.1. Market Size by Value
4.1.1. Overall Market
4.1.2. Cardiovascular Equipment Market
4.1.3. Strength Equipment Market
4.2. Market Share
4.2.1. By Country
4.2.2. By End User
4.2.3. By Cardiovascular Equipment Type
4.2.4. By Strength Equipment Type
4.3. Brazil Fitness Equipment Market Outlook
4.3.1. Market Size By Value
4.3.2. Market Share
4.3.2.1. By Cardiovascular Equipment
4.3.2.2. By Strength Equipment
4.4. Argentina Fitness Equipment Market Outlook
4.4.1. Market Size By Value
4.4.2. Market Share
4.4.2.1. By Cardiovascular Equipment
4.4.2.2. By Strength Equipment
4.5. Chile Fitness Equipment Market Outlook
4.5.1. Market Size By Value
4.5.2. Market Share
4.5.2.1. By Cardiovascular Equipment
4.5.2.2. By Strength Equipment
4.6. Rest Of Latin-America Fitness Equipment Market Outlook
4.6.1. Market Size By Value
4.6.2. Market Share
4.6.2.1. By Cardiovascular Equipment
4.6.2.2. By Strength Equipment
5. Policy & Regulatory
6. Global Fitness Equipment Market Dynamics
6.1. Key Drivers
6.2. Key Challenges
7. Market Trends & Development
7.1. Launching of online fitness market place
7.2. Adapting functional training as growing fitness trend
7.3. At home workout is a new trend to follow
7.4. Virtual reality the future of fitness industry
8. Competitive Landscape
8.1. Porters Five Force Model
8.2. Company Profile
8.2.1. Technogym S.P.A
8.2.2. Amer Sports Corporation
8.2.3. Precor Incorporated
8.2.4. Cybex International INC
8.2.5. Life Fitness
9. Strategic Recomendation
10. Disclaimer
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