LATIN AMERICA FITNESS EQUIPMENT MARKET 2022-2028

Consumer Goods & Services | Personal Care Products

LATIN AMERICA FITNESS EQUIPMENT MARKET 2022-2028

Market by Type, End-user, Distribution Channel, and Country | Forecast 2022-2028

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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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Table of Content

1. 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

List of Tables

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)

List of Figures

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)

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