The global gym accessories market revenue was around US$ 6.91 billion in 2022 and is estimated to reach US$ 11.8 billion by 2031, growing at a compound annual growth rate (CAGR) of 6.2% during the forecast period from 2023 to 2031.
Gym accessories include specialized support products that are designed to increase performance during and augment recovery speeds after physical activities like workouts, athletics, or bodybuilding, and products that are utilized for entertainment, refreshments, and nutrition intake during the exercises.
Market Driving Factors
The rapid adoption of innovations and a willingness to adapt to altering trends is estimated to drive the market growth. This is because the business is flourishing enormously on the internet business, which is a mainstream retail medium these days that provides purchasers the benefit of looking at all the accessible brands of athletic gear. Furthermore, the working class and urban population have schedule-involved activities, which have led to diabetes, mental stress, heart diseases, etc., which has triggered the requirement and priority to keep oneself involved in activities utilizing gym accessories.
Surge in the health and fitness activities carried out by customers, especially after the pandemic is predicted to boost the market growth. Many customers participate in such activities to remain fit and lead a healthy lifestyle, while other customers participate in such activities owing to their experienced commitments. As a result, actors, professional bodybuilders, models, and numerous social media influencers who are engaged in fitness drive up the majority of the customers of gym accessories.
The high cost of fitness equipment hinders market expansion.
Regional Analysis
Asia-Pacific is predicted to dominate the market in terms of the major share. This is primarily owing to the immediate urbanization in developing economies, surging youth population, and increasing per capita disposable income. For instance, according to the United Nations, more than 60% of young people worldwide live in Asia-Pacific. This translates into more than 750 million young men and women aged 15 to 24 years. As a result, this increasing population will increase the gym goers, which, in turn, drive the market growth.
Segmentation Insights
End User Insight
The health club/gym segment dominated the market in terms of the largest shares and is estimated to maintain its dominance. This can be mainly attributed to the surge in the number of health clubs and gyms across the globally.
The corporate office segment is estimated to dominate the market in terms of the fastest rate. This is mainly due to the various corporate organizations that have set up fitness centers and provide fitness programs to enhance the health of employees and raise their productivity.
Distribution Channel Insight
The specialty stores segment is predicted to dominate the market in terms of revenue. Specialty sporting stores can serve as gathering places for enthusiasts, especially if the owners host unique events and product demonstrations, which indirectly stimulate the product that is introduced newly or already exists in the market. Furthermore, employees at specialty sporting stores are familiar with various gym accessories available and offer insights to their buyers for a better understanding of the properties and usage of gym accessories in an efficient manner. Such characteristics of specialty sporting stores attract consumers and boost the segment growth.
Type Insight
The heart rate monitor segment is expected to dominate the market in terms of the rate. This is primarily due to the heart rate monitors assist in determining whether the workout is burning carbohydrates or fats, as faster heart rates indicate the burning of carbohydrates and fewer heart rates indicate fat burning. These assist users develop cardiovascular workout routines relying on their preferences and workout objectives.
Prominent Companies
Segmentation Outline
The global gym accessories market segmentation focuses on the End User, Distribution Channel, Type, and Region.
By End User
By Distribution Channel
By Type
By Region
[TABLE OF CONTENTS]
1 INTRODUCTION OF GLOBAL GYM ACCESSORIES MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY: GYM ACCESSORIES MARKET
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
3.5 ANALYST TOOLS AND MODELS
4 GLOBAL GYM ACCESSORIES MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS AND TRENDS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE ANALYSIS
4.4 VALUE CHAIN ANALYSIS
4.5 MARKET GROWTH AND OUTLOOK
4.5.1 PRICE TREND ANALYSIS
4.5.2 OPPORTUNITY SHARE
5 GLOBAL GYM ACCESSORIES MARKET, BY END USER
5.1 OVERVIEW
5.2 HOME
5.3 APARTMENT
5.4 HEALTH CLUB/GYM
5.5 HOTEL
5.6 CORPORATE OFFICE
5.7 PUBLIC INSTITUTION, HOSPITALS & MEDICAL CENTER
6 GLOBAL GYM ACCESSORIES MARKET, BY DISTRIBUTION CHANNEL
6.1 OVERVIEW
6.2 SUPERMARKETS AND HYPERMARKETS
6.3 SPECIALTY STORES
6.4 ONLINE SALES CHANNELS
6.5 BRAND OUTLETS
7 GLOBAL GYM ACCESSORIES MARKET, BY TYPE
7.1 OVERVIEW
7.2 AB STRAPS
7.3 BELTS
7.4 WRIST WRAPS
7.5 HEART RATE MONITOR
7.6 BLOOD PRESSURE MONITOR
7.7 EXERCISE BALLS
7.8 OTHERS
8 GLOBAL GYM ACCESSORIES MARKET, BY GEOGRAPHY
8.1 OVERVIEW
8.2 NORTH AMERICA
8.2.1 NORTH AMERICA MARKET SNAPSHOT
8.2.2 U.S.
8.2.3 CANADA
8.2.4 MEXICO
8.3 EUROPE
8.3.1 EUROPE MARKET SNAPSHOT
8.3.2 WESTERN EUROPE
8.3.2.1 THE UK
8.3.2.2 GERMANY
8.3.2.3 FRANCE
8.3.2.4 ITALY
8.3.2.5 SPAIN
8.3.2.6 REST OF WESTERN EUROPE
8.3.3 EASTERN EUROPE
8.3.3.1 POLAND
8.3.3.2 RUSSIA
8.3.3.3 REST OF EASTERN EUROPE
8.4 ASIA PACIFIC
8.4.1 ASIA PACIFIC MARKET SNAPSHOT
8.4.2 CHINA
8.4.3 JAPAN
8.4.4 INDIA
8.4.5 AUSTRALIA & NEW ZEALAND
8.4.6 ASEAN
8.4.7 REST OF ASIA PACIFIC
8.5 MIDDLE EAST & AFRICA
8.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
8.5.2 UAE
8.5.3 SAUDI ARABIA
8.5.4 SOUTH AFRICA
8.5.5 REST OF MEA
8.6 SOUTH AMERICA
8.6.1 SOUTH AMERICA MARKET SNAPSHOT
8.6.2 BRAZIL
8.6.3 ARGENTINA
8.6.4 REST OF SOUTH AMERICA
9 GLOBAL GYM ACCESSORIES MARKET COMPETITIVE LANDSCAPE
9.1 OVERVIEW
9.2 COMPANY MARKET RANKING
9.3 KEY DEVELOPMENT STRATEGIES
9.4 COMPETITIVE DASHBOARD
9.5 PRODUCT MAPPING
9.6 TOP PLAYER POSITIONING, 2022
9.7 COMPETITIVE HEATMAP
9.8 TOP WINNING STRATEGIES
10 COMPANY PROFILES
10.1 ICON HEALTH & FITNESS
10.1.1 OVERVIEW
10.1.2 FINANCIAL PERFORMANCE
10.1.3 PRODUCT OUTLOOK
10.1.4 KEY DEVELOPMENTS
10.1.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.2 TUNTURI NEW FITNESS
10.2.1 OVERVIEW
10.2.2 FINANCIAL PERFORMANCE
10.2.3 PRODUCT OUTLOOK
10.2.4 KEY DEVELOPMENTS
10.2.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.3 HAMMER SPORT AG
10.3.1 OVERVIEW
10.3.2 FINANCIAL PERFORMANCE
10.3.3 PRODUCT OUTLOOK
10.3.4 KEY DEVELOPMENTS
10.3.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.4 EXIGO
10.4.1 OVERVIEW
10.4.2 FINANCIAL PERFORMANCE
10.4.3 PRODUCT OUTLOOK
10.4.4 KEY DEVELOPMENTS
10.4.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.5 CONCEPT2 INC
10.5.1 OVERVIEW
10.5.2 FINANCIAL PERFORMANCE
10.5.3 PRODUCT OUTLOOK
10.5.4 KEY DEVELOPMENTS
10.5.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.6 TORQUE FITNESS
10.6.1 OVERVIEW
10.6.2 FINANCIAL PERFORMANCE
10.6.3 PRODUCT OUTLOOK
10.6.4 KEY DEVELOPMENTS
10.6.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.7 BODY – SOLID INC
10.7.1 OVERVIEW
10.7.2 FINANCIAL PERFORMANCE
10.7.3 PRODUCT OUTLOOK
10.7.4 KEY DEVELOPMENTS
10.7.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.8 ROUGE FITNESS
10.8.1 OVERVIEW
10.8.2 FINANCIAL PERFORMANCE
10.8.3 PRODUCT OUTLOOK
10.8.4 KEY DEVELOPMENTS
10.8.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.9 PELOTON INTERACTIVE INC
10.9.1 OVERVIEW
10.9.2 FINANCIAL PERFORMANCE
10.9.3 PRODUCT OUTLOOK
10.9.4 KEY DEVELOPMENTS
10.9.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.10 ANTA.CN
10.10.1 OVERVIEW
10.10.2 FINANCIAL PERFORMANCE
10.10.3 PRODUCT OUTLOOK
10.10.4 KEY DEVELOPMENTS
10.10.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.11 TECHNOGYM
10.11.1 OVERVIEW
10.11.2 FINANCIAL PERFORMANCE
10.11.3 PRODUCT OUTLOOK
10.11.4 KEY DEVELOPMENTS
10.11.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.12 CORE HEALTH & FITNESS
10.12.1 OVERVIEW
10.12.2 FINANCIAL PERFORMANCE
10.12.3 PRODUCT OUTLOOK
10.12.4 KEY DEVELOPMENTS
10.12.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.13 LIFE FITNESS
10.13.1 OVERVIEW
10.13.2 FINANCIAL PERFORMANCE
10.13.3 PRODUCT OUTLOOK
10.13.4 KEY DEVELOPMENTS
10.13.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.14 NAITILUS INC
10.14.1 OVERVIEW
10.14.2 FINANCIAL PERFORMANCE
10.14.3 PRODUCT OUTLOOK
10.14.4 KEY DEVELOPMENTS
10.14.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.15 JERAI FITNESS
10.15.1 OVERVIEW
10.15.2 FINANCIAL PERFORMANCE
10.15.3 PRODUCT OUTLOOK
10.15.4 KEY DEVELOPMENTS
10.15.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.16 SPORTSART
10.16.1 OVERVIEW
10.16.2 FINANCIAL PERFORMANCE
10.16.3 PRODUCT OUTLOOK
10.16.4 KEY DEVELOPMENTS
10.16.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.17 ELEIKO
10.17.1 OVERVIEW
10.17.2 FINANCIAL PERFORMANCE
10.17.3 PRODUCT OUTLOOK
10.17.4 KEY DEVELOPMENT
10.17.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
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