Nigeria: Exercise Equipment Market - Analysis, Size, Trends, Consumption, and Forecast

Nigeria: Exercise Equipment Market - Analysis, Size, Trends, Consumption, and Forecast

The Nigerian Exercise Equipment Market Report Description

This report presents a comprehensive overview of the Nigerian exercise equipment market, the impact of COVID-19 on it, and a forecast for the market development in the medium term. The report provides a strategic analysis of the exercise equipment market in Nigeria and describes the main market participants, growth and demand drivers, challenges, and all other factors, influencing the development of the market.

The report covers exercise equipment (devices and machines designed for physical fitness and strength training; including: racks, gym systems, weight benches, dumbbells, kettlebells, weight plates and kits, as well as other weightlifting equipment, ellipticals, exercise bikes, treadmills, and other types of cardio machines, yoga mats, blocks, and bags, boxing gloves, hand wraps, and punching bags; excluding: Yoga leggings, pants, and sweaters as well as other sports apparel, socks, running and training shoes as well as other sports footwear) and is broken down by:

• Product groups: Weightlifting equipment (racks, gym systems, weight benches, dumbbells, kettlebells, weight plates and kits); Cardio machines (ellipticals, exercise bikes, treadmills, and others); Yoga mats, blocks, and bags; Boxing gloves, hand wraps, and punching bags
• Price segments: Mass; Mid-priced; Premium
• Retail distribution channels: Sports and outdoors retailers; Supermarkets and hypermarkets; Specialty stores; Independent retailers; Others

You will receive the report within three working days after order confirmation. Contact us to learn if a shorter delivery time would be possible.

State of the Demographics and Economy of Africa

This section of the report presents you with historical and forecast data about key macroeconomic indicators of the demographics and economy in Africa.

• What are the demographic characteristics (GDP, inflation, unemployment, government debt, etc.) of Africa?
• What are the economic characteristics (population, growth rate, life expectancy, age and gender, etc.) of Africa?

Analysis of the Exercise Equipment Market in Nigeria

The market analysis section provides an overview of the market size and dynamics in value terms for the last five years. It answers the following questions:

• What is the size of the exercise equipment market in Nigeria?
• How has the exercise equipment market in Nigeria performed in value terms for the last five years?
• How is the market structured?
• What are the major trends affecting the market?
• Which are the major companies on the market?
• How intensive is the competitive landscape?
• What are the drivers and challenges affecting the market development?

Exercise Equipment Prices in Nigeria

The price section of the report answers the following questions:

• How is the value chain of the market formed?
• What is the structure of price formation?
• What are the retail prices of exercise equipment in Nigeria?

Foreign Trade Operations of Exercise Equipment in Nigeria

The foreign trade operations section answers the following questions:

• What is the trade balance in value terms?
• Does Nigeria import more exercise equipment than it exports?
• How has the trade balance changed over the last five years?

Imports of Exercise Equipment to Nigeria

The import section of the report answers the following questions:

• How has the value of imports changed over the past five years?
• Which are the major countries that import exercise equipment to Nigeria?
• What is the average price of the exercise equipment imported to Nigeria?

Exports of Exercise Equipment from Nigeria

The export section of the report answers the following questions:

• How has the value of exports changed over the past five years?
• Which are the main recipient countries of the Nigerian exercise equipment exports?
• What is the average price of the exercise equipment exported from Nigeria?

Consumption of Exercise Equipment in Nigeria

The consumption section of the report answers the following questions:

• What is the per capita consumption value? How has it changed over the past five years?

Forecast

The final section of the report presents a forecast for the development of the market based on three scenarios - base, pessimistic, and optimistic. The forecast section answers:

• How will the exercise equipment market in Nigeria look like over the next six years in value terms for each possible scenario?

Short Methodology

This research report has been prepared with WMStrategy's research methodology, which includes a blend of qualitative and quantitative data. The information comes from official sources and includes insights from local market experts (representatives of the main market participants), gathered by semi-structured interviews.

For this particular report, more than 10 interviews have been conducted with market experts from the leading companies (producers, distributors, retailers, suppliers, etc.). The full list of interviewed experts and a detailed methodology are available upon request.

Customization

The report will be updated as of the current month of purchase, which is why it will be dispatched within five working days after order confirmation. If the report is missing data points you need, it can be amended to fit your specific requirements and satisfy your individual objectives and information needs. Feel free to contact us for more information!

Report Benefits

• Discover how the market performed in the past (in the last 5 years) and how it will perform in the future (in the next 6 years);
• Track and identify key market trends and insights on key drivers behind recent market changes;
• Strategically assess the competitive position of the main market players;
• Evaluate how diversified the market is in terms of competitive intensity, fragmentation, and environment in order to understand competitive threats;
• Assess growth potential, opportunities, demand drivers, and challenges on the market;
• Quickly and cost–effectively receive a complete strategic analysis of the market;
• Improve your pitches and presentations by using verified market data and expert insights;
• Make important strategic decisions safely and with confidence;
• Receive professional expertise on the market and everything important connected with its development;
• Empower your marketing, branding, strategy, product and business development, consumption, and supply functions with valuable market insights;
• Build your investment strategy by assessing market attractiveness, country attractiveness, or company attractiveness;
• Evaluate the key macroeconomic indicators to get insight into the general trends within the economy and demographics;
• Acquire data your competitors might already have and be acting upon.

Report Users

This market research report is ideal for people who want to gain a comprehensive understanding of the Nigerian exercise equipment market. Most often these are professionals actively working in the market as:

• C-suite executives;
• Directors;
• Market strategists;
• Marketing professionals;
• Business development professionals;
• Product developers;
• Product marketers and strategists;
• Product managers;
• Project managers;
• Suppliers;
• Traders.

This report can also bring value to professionals, not actively involved in the market, such as:

• Management consultants;
• Investment managers;
• Financial professionals;
• Bank managers;
• M&A managers;
• Auditors.

Please note:*The report will be updated with the latest information upon order confirmation which is why it will take 5 day to complete*