Argentina Fitness Equipment Market Overview, 2027

Argentina Fitness Equipment Market Overview, 2027

Bonafide Research 27-07-2022 65 Pages Figures : 9 Tables : 24
Region : South America Country : Argentina Category : Consumer Goods & Services Appliances & Equipment

"Fitness equipment comprises all machines and monitoring devices required for various physical exercises. The fitness industry has substantially grown in terms of gym models along with a holistic concept of fitness by offering dedicated fitness equipment to an individual. Based on these drivers, the Argentina fitness equipment market has also been evolving at a decent pace in recent years as people have become enthusiastic about fitness. An increasing sedentary lifestyle across the world is driving the demand for fitness equipment. Also, a rising number of fitness service providers and centres is fueling the growth of the fitness equipment market. Various service providers are offering packages and discounts for weight loss program to attract maximum consumers. According to the research report ""Argentina Fitness Equipment Market Overview, 2027,"" published by Bonafide Research, the Argentina Fitness Equipment market was valued at more than USD 190 Million in 2021.Key market players operating in the Argentina fitness equipment market are coming up with new and innovative outlets and chains of fitness clubs and spas. This is likely to positively impact membership subscriptions, which will ultimately boost the growth of the fitness equipment market over the projected period. Furthermore, escalating incidents of cardiovascular diseases, diabetes, and osteoarthritis are a major concern across the country. According to the World Health Organization, cardiovascular disease is one of the major causes of death. However, many organizations are promoting a healthy lifestyle through sports. As a result, an increasing number of individuals are actively engaged in physical activities such as signing up for workout program and packages or just exercising independently. According to the report, the Argentina fitness equipment market is majorly segmented into two types, including cardiovascular and strength. Among these types, cardiovascular fitness equipment led the market in 2021 and is expected to continue growing during the forecast period. Further, based on cardiovascular equipment type, the market is sub-segmented into cross-country ski machines, elliptical trainers, rowing machines, stair-steppers, stationary bicycles, treadmills, and others. Among these types, treadmills are anticipated to dominate the market by 2027 followed by stationary bicycles, owing to higher adoption across the country. Based on strength type, the market is categorized into hydraulic equipment, weight plates, dumbbells, resistance bands and tubes, and others. On the basis of end-user, the market is segmented into commercial and residential end-users. Among these types, the commercial segment is anticipated to acquire a higher market share during the forecast period. Dumbbell set, Treadmill, Stationary bicycle, Barbell Set, Rowing machine, Low-impact treadmills , Ellipticals, Balance trainers and resistance bands. Personal trainers are popular as well. Many people have a personal trainer; it seems to be the thing to do in Argentina. Clients are usually in the affluent 30- or 40-something age group. Many couples train together. About 50 percent of Argentinians participate in some kind of physical activity. Besides gym classes and personal training sessions, people enjoy exercising in the beautiful parks throughout the country. In the city of Palermo, outdoor activities include running, bicycling, rollerblading and soccer. Children’s activities keep growing, especially dance classes, which are now part of the curriculum in schools .Six fitness television shows air in Argentina and four fitness magazines are distributed throughout the country; these help spread the word about the benefits of exercise. The medical community in Argentina also promotes a healthy lifestyle. The fitness and medical industry work together through doctor recommendations for physical activity and rehabilitation. Some prepaid medical facilities include gym sessions as part of rehabilitation programs for certain injuries and even for breathing problems. Alongside traditional fitness activities, there is a growing interest in wellness practices that promote both physical and mental well-being. This includes activities like yoga, Pilates, meditation, and mindfulness, which are increasingly incorporated into fitness routines. Nutrition and Healthy Eating The importance of nutrition and healthy eating is gaining prominence in Argentina's fitness culture. People are becoming more conscious of their dietary choices, with a focus on balanced meals, fresh produce, and nutritious food options .Fitness Events and Challenges Argentina hosts various fitness events, competitions, and challenges throughout the year. These events range from marathons and triathlons to obstacle races and fitness expos, encouraging participation and fostering a sense of community within the fitness culture. Overall, the fitness culture in Argentina reflects a growing interest in physical activity, wellness, and healthy living. The availability of fitness facilities, outdoor spaces, and a strong sports culture contributes to the country's vibrant fitness community. Considered in this report • Geography: ARGENTINA • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • Argentina Fitness Equipments market with its value and forecast along with its segments • Country-wise Fitness Equipment’s market analysis • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Type • Cardiovascular • Strength By Cardiovascular Equipments • Cross-country ski machine • Elliptical trainers • Rowing machines • Stair-steppers • Stationary bicycle • Treadmill • Others By Strength Equipments • Hydralulic equipments • Weight plates • Dumbbells • Resistance band & tubes • Others By End Users • Commercial • Residential The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Fitness Equipments industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry. "

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