Published Date: 31-Jul-2022
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According to a new report, published by KBV research, The Global Gym Accessories Market size is expected to reach $8.6 billion by 2028, rising at a market growth of 5.6% CAGR during the forecast period.
The Belts segment acquired maximum revenue share in the Global Gym Accessories Market by Type in 2021 thereby, achieving a market value of $2.1 billion by 2028. Belts can be an extremely valuable addition to the training if the user is an intermediate to experienced athlete. Any back ache or additional weight from a belt is just a band-aid if the user is a beginner. There are two primary uses for a weightlifting belt.
The Online Sales Channels segment has shown the growth rate of 6.6% during (2022 - 2028). This is because of the rising penetration of the internet as well as social media. Along with this, the online sale segment would account growth due to the higher availability of gym accessories such as gym bags, shoes, and others. Consumers can also compare the prices of products available with different brands and can choose the best one according to their needs.
The Health Club/Gym segment is generating highest revenue share the Global Gym Accessories Market by End User in 2021 thereby, achieving a market value of $2.8 billion by 2028. This growth is probably due to rising health consciousness as well as rising per capita disposable income. People are typically more likely to get gym memberships as their discretionary income levels rise. In addition, it is anticipated that sports participation will rise during the subsequent five years, hence expanding the potential customer base.
The Asia Pacific market dominated the Global Gym Accessories Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3.2 billion by 2028. The Europe market is experiencing a CAGR of 5.4% during (2022 - 2028). Additionally, The North America market would showcase a CAGR of 5.2% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/gym-accessories-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
By Distribution Channel
By End User
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