The Latin America, Middle East and Africa Gym Accessories Market would witness market growth of 6.5% CAGR during the forecast period (2022-2028).
Using gadgets like heart rate monitors and blood pressure monitors can help users gain more endurance and fine-tune their training routines based on their cardiovascular health and whether they want to build muscle or lose weight. Also, supplemental equipment such as towels, sippers, mats, mp3 players, and fitness monitors enhance the effectiveness of workouts and the overall experience in the gym.
The rise in the popularity of working out and going to the gym, along with improved awareness of how to utilize these products, has led to an increase in the use of gym accessories among casual customers. In addition, the proliferation of specialty stores selling these products, along with the simple accessibility of these products through internet sellers, have made it very simple for customers to buy them, which is fostering the expansion of the industry.
The prevalence of obesity has reached epidemic levels, in the Gulf nations, particularly those in wealthy, oil-producing nations. Obesity is spreading quickly and inevitably harming people's health, especially in Brazil. Health policy in Brazil attempt to adjust to the altered economic and social environment that results from this epidemic. According to World Health Organization, Brazil is the first country that has committed to stopping the rate of adult obesity from rising, reducing adult consumption of sugar-sweetened beverages, increase the percentage of adults who regularly consume fruit and vegetables.
The Brazil market dominated the LAMEA Gym Accessories Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $151.7 Million by 2028. The Argentina market is experiencing a CAGR of 7.1% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 6.2% during (2022 - 2028).
Based on Type, the market is segmented into Belts, Ab Straps, Wrist Wraps, Exercise Balls, Heart Rate Monitor, Blood Pressure Monitor, and Others. Based on Distribution Channel, the market is segmented into Specialty Stores, Supermarkets/Hypermarkets, Online Sales Channels, and Brand outlets. Based on End User, the market is segmented into Health Club/Gym, Corporate Office, Hotel, Apartment, Home, and Public Institution, Hospitals & Medical Center. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Gym Accessories Market is Predict to reach $8.6 Billion by 2028, at a CAGR of 5.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ANTA Sports Products Limited, Core Health & Fitness, LLC, Life Fitness, Coulter Ventures, LLC (Rogue Fitness), Eleiko Group AB, Concept2, Inc., iFIT Inc., JERAI Fitness Pvt Ltd., Hammer Sport AG, and Body Solid Incorporated.
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