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At a 6.2% CAGR | Gym Accessories Market is anticipated to hit $12.01 billion
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐จ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ญ https://www.alliedmarketresearch.com/request-sample/A16938
Drivers, restraints, and opportunities-
Rise in prevalence of obesity and surge in health consciousness majorly boost the growth of the global gym accessories market. Moreover, increase in the number of gym memberships, growing sale of in-home equipment, upsurge in the urban population, and emergence of several government initiatives to promote healthy life fuel the adoption of fitness equipment, thus supplementing the market growth even more.
On the other hand, high price of fitness equipment hampers growth to some extent. However, improvement in lifestyle, increase in youth population, and rise in per-capita income in the developing countries are the major factors that are anticipated to create lucrative opportunities in the industry.
Covid-19 scenario-
Disruptions related to reduced production capacity, human resources, and transportation had a sheer negative impact on the global gym accessories market.
Shortage of raw materials, on the other hand, gave way to increased prices and encouraged the usage of alternative products, which worsened the condition even more.
Strict restrictions on the closure of gymnasiums across the majority of countries diminished the demand for gym accessories altogether. However, the market has almost recovered slowly and steadily.
๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฉ๐จ๐ซ๐ญ (๐๐๐ ๐๐๐ ๐๐ฌ ๐๐๐ ๐ฐ๐ข๐ญ๐ก ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ, ๐๐ก๐๐ซ๐ญ๐ฌ, ๐๐๐๐ฅ๐๐ฌ, ๐๐ง๐ ๐ ๐ข๐ ๐ฎ๐ซ๐๐ฌ) @
https://www.alliedmarketresearch.com/checkout-final/e50c2e88c102a9373d2ca0e4d9a912ec
๐๐ก๐ ๐ก๐๐๐ฅ๐ญ๐ก ๐๐ฅ๐ฎ๐/๐ ๐ฒ๐ฆ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐ญ๐จ ๐๐จ๐ฆ๐ข๐ง๐๐ญ๐ ๐๐ฒ ๐๐๐๐-
By end-user, the health club/gym segment contributed to nearly two-fifths of the global gym accessories market share in 2021, and is expected to lead the trail by 2031, due to increase in the number of health clubs and gyms across the world. The corporate office segment, on the other hand, is expected to exhibit the fastest CAGR of 9.3% from 2022 to 2031.
This is because several corporate organizations have set up fitness centers and offer fitness programs to improve the health of employees and increase their productivity.
๐๐ก๐ ๐ฌ๐ฉ๐๐๐ข๐๐ฅ๐ญ๐ฒ ๐ฌ๐ญ๐จ๐ซ๐๐ฌ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐ญ๐จ ๐ฆ๐๐ข๐ง๐ญ๐๐ข๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐จ๐ง'๐ฌ ๐ฌ๐ก๐๐ซ๐-
Based on distribution channel, the specialty stores segment generated nearly two-fifths of the global gym accessories market revenue in 2021, and is expected to lead the trail by 2031. Specialty sporting stores can serve as gathering places for enthusiasts, particularly if the owners host special events and product demonstrations, which indirectly promotes the product that is introduced newly or already exists in the market.
Employees at specialty sporting stores are familiar with different gym accessories available and provide insights to their customers for a better understanding of the properties and usage of gym accessories in an effective manner. Such features of specialty sporting stores entice customers, thus contributing to the growth of the gym accessories market.
The online sales channel segment, on the other hand, would manifest the fastest CAGR of 9.8% from 2022 to 2031, due to rapid growth in online and mobile user customer bases in developing economies.
๐๐ก๐ ๐ก๐๐๐ซ๐ญ ๐ซ๐๐ญ๐ ๐ฆ๐จ๐ง๐ข๐ญ๐จ๐ซ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐ญ๐จ ๐ฆ๐๐ง๐ข๐๐๐ฌ๐ญ ๐ญ๐ก๐ ๐ก๐ข๐ ๐ก๐๐ฌ๐ญ ๐๐๐๐-
Based on type, the heart rate monitor segment would manifest the fastest CAGR of 9.8% from 2022 to 2031.This is because heart rate monitors help identify whether the workout is burning fats or carbohydrates, as faster heart rates indicate burning of carbohydrates and lower heart rates indicate burning of fat. This helps users develop cardiovascular workout routines depending on their preferences and workout goals.
The others segment, simultaneously, held nearly one-fourth of the global gym accessories market revenue in 2021, and is expected to lead the trail by 2031.
๐๐ฌ๐ข๐-๐๐๐๐ข๐๐ข๐ ๐ ๐๐ซ๐ง๐๐ซ๐๐ ๐ญ๐ก๐ ๐ฆ๐๐ฃ๐จ๐ซ ๐ฌ๐ก๐๐ซ๐ ๐ข๐ง ๐๐๐๐-
Based on region, Asia-Pacific held the major share in 2021, generating more than two-fifths of the global gym accessories market. The same region would also garner the fastest CAGR of 6.2% by 2031.
Rapid urbanization in developing economies, increasing youth population, and rising per capita disposable income are expected to propel the adoption of gym accessories in the region.
๐ ๐จ๐ซ ๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐ญ
https://www.alliedmarketresearch.com/purchase-enquiry/A16938
๐๐ก๐ ๐ค๐๐ฒ ๐ฉ๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐ข๐ง๐๐ฅ๐ฎ๐๐๐ ๐ข๐ง ๐ญ๐ก๐ ๐๐ฒ๐ฆ ๐๐๐๐๐ฌ๐ฌ๐จ๐ซ๐ข๐๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐๐ซ๐
โข Icon Health & Fitness,
โข Torque Fitness,
โข Core Health & Fitness,
โข Naitilus, Inc,
โข Techno gym S.p.A,
โข Peloton Interactive,
โข Antasports,
โข Lifefitness,
โข Aerofit,
โข beingstrong,
โข sfhealth,
โข jeraifitness,
โข Proform,
โข Fitness World AS,
โข Hammer Sport AG, and
โข Rogue Fitness.
๐๐๐ ๐๐๐๐๐ ๐๐๐ ๐ ๐๐ ๐๐๐๐๐๐๐๐๐๐๐๐
โข This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the gym accessories market analysis from 2021 to 2031 to identify the prevailing gym accessories market opportunities.
โข The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
โข In-depth analysis of the gym accessories market segmentation assists to determine the prevailing market opportunities.
โข Major countries in each region are mapped according to their revenue contribution to the global market.
โข Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
โข The report includes the analysis of the regional as well as global gym accessories market trends, key players, market segments, application areas, and Gym Accessories Market Growth strategies.
๐๐ข๐ฆ๐ข๐ฅ๐๐ซ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ:-
โข Europe Pilates & Yoga Studios Market
https://www.alliedmarketresearch.com/europe-pilates-and-yoga-studios-market-A10850
โข Outdoor Fitness Equipment Market
https://www.alliedmarketresearch.com/outdoor-fitness-equipment-market-A16177
โข Women Sports and Swimwear Market
https://www.alliedmarketresearch.com/women-sports-and-swimwear-market-A16905
โข Golf Club and Sets Market
https://www.alliedmarketresearch.com/golf-club-and-sets-market-A16953
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๐๐๐จ๐ฎ๐ญ ๐๐ฌ
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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