Latin America Fitness Equipment Market 2022-2028

Latin America Fitness Equipment Market 2022-2028

MARKET OUTLOOK
Triton’s research report infers that the Latin American fitness equipment market is assessed to register progress at a CAGR of 4.58% during the forecast period 2022-2028. Mexico, Brazil, and Rest of Latin America shape the market in this region.
In Brazil, the high prevalence of obesity has raised several health concerns. As per the Ministry of Health, among the adult population, the majority of women are under the obese category. This growth in obesity levels has surged the adoption of fitness gear among the population. Besides, growing health and fitness awareness has led to a growth in the number of gyms across the nation. In this regard, Brazil has the second-largest number of gyms globally, behind the United States. Therefore, the growing fitness clubs and gyms boost the fitness culture, significantly driving the Brazilian market’s growth.
Obesity is a leading cause of mortality in Chile. Moreover, a large percentage of children are obese or overweight, followed by a significant amount of the adult population. Further, the country has witnessed a substantial rise in the use of fitness applications and wearable. Estimates suggest that the adoption rate of the fitness wearable reached 42.46% in 2021. This has ultimately contributed to the rise in fitness culture across the nation. Thus, as stated above, these factors are expected to augment the growth of Chile’s fitness equipment market over the next few years.

COMPETITIVE OUTLOOK
The leading companies in the fitness equipment market are Heinz Kettler GmbH and Co KG, Core Health and Fitness LLC, Impulse Health Tech Co Ltd, True Fitness Technology Inc, and Nautilus Inc.