Brazil Fitness Equipment Market Introduction and Overview
According to SPER Market Research, the Brazil Fitness Equipment Market is estimated to reach USD 313.38 million by 2033 with a CAGR of 13.2%.
The report includes an in-depth analysis of the Brazil Fitness Equipment Market, including market size and trends, product mix, applications, and supplier analysis. Fitness equipment is any apparatus used during physical activity that provides fixed or adjustable support in order to enhance the results of the exercise. In essence, these tools are utilised to increase muscle strength, lose weight, and increase physical stamina.
- Gympass, a Brazilian corporate and physical wellness company, raised around USD 220 million in its Series E fundraising round in June 2021, following the announcement of an annual log-in rate of 4 million among its clients.
- In January 2020, Nutry, a Brazilian nutrition and dietary supplement firm, launched a vanilla-flavored post-workout protein bar. The bar contains BCAAs, minerals, whey protein, and vitamins.
Market Opportunities and Challenges
Opportunities- Sports participation is one way that consumers are invigorating their daily behaviours in line with the expanding modernization culture. However, an increasing number of customers are actively leaning towards at-home workouts as a result of busy schedules and long work hours, packed fitness centres, and parking restrictions. With home fitness equipment, you can use the machines without having to travel to a gym, and it's far more affordable in the long run. Over time, a number of advancements in this field surfaced, including the introduction of software that let users choose their personal trainers for in-person or online sessions in order to meet their unique and customised fitness objectives, including bodybuilding. Also, there is a growing need for this kind of technology as consumers worry more about their health.
Challenges- Brazilian consumers' spending on fitness-related goods and services is affected by economic changes, which is one of the market's many issues. Increased unemployment and unpredictability in the economy can cut into people's disposable budget for gym memberships and gear. Furthermore, the business has challenges related to the requirement for additional infrastructure and amenities in some regions of Brazil, which might restrict access to fitness centres, especially in isolated locations. As multiple fitness facilities and brands compete for market share, the industry also faces pressure from competition and pricing pressures. exercise equipment imports taxes, among other growing regulatory and tax concerns, may have an impact on the cost and availability of exercise products.
Market Competitive Landscape
Matrix Fitness, Movement, Tryex Fitness, Johnson Health Tech, Life Fitness, Technogym, Precor, Bh Fitness, Total Health, and Ziva are among the leading players in the Brazilian fitness equipment market. To increase their market share, these corporations use a variety of techniques, including mergers and acquisitions, partnerships, joint ventures, licence agreements, and new product releases.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Type, By End User
|
| Regions covered | Eastern Region, Western Region, Southern Region, Northern Region
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| Companies Covered | Matrix Fitness, Movement, Tryex Fitness, Johnson Health Tech, Life Fitness, Technogym, Precor, Bh Fitness, Total health, Ziva. |
COVID-19 Impact on Brazil Fitness Equipment Market
COVID-19 had a negative influence on the fitness business because the installation of lockdowns across the country resulted in gym closures, causing gym users to turn towards home workout equipment beginning in 2020. Latin America, namely Brazil, was severely damaged. The government officials in the country had taken the required procedures to protect their residents against COVID-19 infection. Argentina, Brazil, Chile, and Peru all saw large reductions in the market for linked gym equipment. There was a considerable chance of corona virus spreading because so many people used the same piece of workout equipment. As a result, various travel restrictions were implemented. Governments have imposed significant restrictions on gyms since they are classified as non-essential services. As a result, the overall size of the fitness equipment market decreased that year.
Key Target Audience:
- Gyms and Fitness Centers
- Corporate Wellness Programs
- Home Fitness Enthusiasts
- Personal Trainers
- Rehabilitation Centers
- Hotels and Resorts
- Sports Teams and Clubs
- Government and Public Fitness Initiatives
Our in-depth analysis of the Brazil Fitness Equipment Market includes the following segments:
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By Type:
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Cardiovascular Training Equipment
Treadmill
Elliptical
Stationary Bike
Others
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By End User:
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Home Consumer
Health Club/Gym
Commercial User
Public Institution
Others
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By Region:
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Eastern Region
Western Region
Southern Region
Northern Region
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Key Topics Covered in the Report
- Brazil Fitness Equipment Market Size (FY’2024-FY’2033)
- Overview of Brazil Fitness Equipment Market
- Segmentation of Brazil Fitness Equipment Market by Type (Cardiovascular Training Equipment, Treadmill, Elliptical, Stationary Bike, Others)
- Segmentation of Brazil Fitness Equipment Market by End User (Home Consumer, Health Club/Gym, Commercial User, Public Institution, Others)
- Statistical Snap of Brazil Fitness Equipment Market
- Expansion Analysis of Brazil Fitness Equipment Market
- Problems and Obstacles in Brazil Fitness Equipment Market
- Competitive Landscape in the Brazil Fitness Equipment Market
- Impact of COVID-19 and Demonetization on Brazil Fitness Equipment Market
- Details on Current Investment in Brazil Fitness Equipment Market
- Competitive Analysis of Brazil Fitness Equipment Market
- Prominent Players in the Brazil Fitness Equipment Market
- SWOT Analysis of Brazil Fitness Equipment Market
- Brazil Fitness Equipment Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Brazil Fitness Equipment Market.
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Brazil Fitness Equipment Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Brazil Fitness Equipment Market
7. Brazil Fitness Equipment Market, By Type (USD Million) 2020-2033
7.1. Brazil Fitness Equipment Market Size, Share and Forecast, By Type, 2020-2026
7.2. Brazil Fitness Equipment Market Size, Share and Forecast, By Type, 2027-2033
7.3. Cardiovascular Training Equipment
7.4. Treadmill
7.5. Elliptical
7.6. Stationary Bike
7.7. Others
8. Brazil Fitness Equipment Market, By End User (USD Million) 2020-2033
8.1. Brazil Fitness Equipment Market Size, Share and Forecast, By End User, 2020-2026
8.2. Brazil Fitness Equipment Market Size, Share and Forecast, By End User, 2027-2033
8.3. Home Consumer
8.4. Health Club/Gym
8.5. Commercial User
8.6. Public Institution
8.7. Others
9. Brazil Fitness Equipment Market Forecast, 2020-2033 (USD Million)
9.1. Brazil Fitness Equipment Market Size and Market Share
10. Brazil Fitness Equipment Market, By Region, 2020-2033 (USD Million)
10.1. Brazil Fitness Equipment Market Size and Market Share By Region (2020-2026)
10.2. Brazil Fitness Equipment Market Size and Market Share By Region (2027-2033)
10.3. Eastern Region
10.4. Western Region
10.5. Southern Region
10.6. Northern Region
11. Company Profile
11.1. Matrix Fitness
11.1.1. Company details
11.1.2. Financial outlook
11.1.3. Product summary
11.1.4. Recent developments
11.2. Movement
11.2.1. Company details
11.2.2. Financial outlook
11.2.3. Product summary
11.2.4. Recent developments
11.3. Tryex Fitness
11.3.1. Company details
11.3.2. Financial outlook
11.3.3. Product summary
11.3.4. Recent developments
11.4. Johnson Health Tech
11.4.1. Company details
11.4.2. Financial outlook
11.4.3. Product summary
11.4.4. Recent developments
11.5. Life Fitness
11.5.1. Company details
11.5.2. Financial outlook
11.5.3. Product summary
11.5.4. Recent developments
11.6. Technogym
11.6.1. Company details
11.6.2. Financial outlook
11.6.3. Product summary
11.6.4. Recent developments
11.7. Precor
11.7.1. Company details
11.7.2. Financial outlook
11.7.3. Product summary
11.7.4. Recent developments
11.8. Bh Fitness
11.8.1. Company details
11.8.2. Financial outlook
11.8.3. Product summary
11.8.4. Recent developments
11.9. Total health
11.9.1. Company details
11.9.2. Financial outlook
11.9.3. Product summary
11.9.4. Recent developments
11.10. Ziva
11.10.1. Company details
11.10.2. Financial outlook
11.10.3. Product summary
11.10.4. Recent developments
11.11. Others
12. Conclusion
13. List of Abbreviations
14. Reference Links