Gym Accessories Market Research, 2031
The global Gym Accessories Market Size was valued at $6.51 billion in 2021, and is projected to reach $12.01 billion by 2031, growing at a CAGR of 6.2% from 2022 to 2031.
The gym accessories market is segmented into End User, Distribution Channel and Type.
Gym accessories include specialized support products that are designed to boost performance during and increase recovery speeds after physical activities like athletics, workouts, or bodybuilding as well as products that are used for refreshments, entertainment and nutrition intake during the workouts. These products are used during physical activity to provide support and maintain proper forms and angles of the body during strenuous physical activities to reduce muscle stress, hyperextensions, and muscle and joint fatigue. The most commonly used forms of support accessories include belts, wraps, straps, supports and performance monitors while other accessories which do not help directly in the workout but later in the recovery or relaxation period are sippers, towels, mats, music players, and more.
Recent years have seen a significant increase in the health and fitness activities carried out by consumers, especially after the pandemic. Many consumers partake in such activities in order to remain fit and lead a health y lifestyle, while other consumers partake in such activities due to their professional commitments. Professional body builders, actors, models, and many social media influencers who are engaged in the fitness market make up the majority of the consumers of gym accessories. The primary reason for their use of such products is need to be careful about the amount they work out and the techniques with which they work out as small mistakes could lead to injuries, and gym accessories that provide support and form correction help in avoiding such mistakes.
Gym accessories that are targeted towards providing support for particular areas of the body such as arms, wrists, waist, back, and spine are some of the most heavily used types of accessories. The constrictions in the muscles and tightening of the areas of support help the consumer in conserving energy and maintaining the correct angles and posture while performing strenuous exercises such as weightlifting or deadlifting. Moreover, they also reduce strain on the muscles which helps in reducing injuries and fatigue post workouts.
Other accessories like towels and wipes help the consumer feel refreshed after the workout by wiping off the excessive sweat. Devices like music players and headphones are becoming increasingly popular in gyms as they help provide a medium of personalised entertainment. Furthermore, music helps in improving concentration and increasing the capacity of workout, while also delaying the fatigue caused by workouts, which leads to better results from the activity.
However, there are many consumers who advocate against the use of gym accessories due to the claim that these accessories can cause dependencies in the long run, which will make consumers unable to perform workouts without such accessories. This can deviate many consumers from the purchase and utilisation of such accessories. However, the rapidly increasing consumer knowledge, aided by the easily available online guides and knowledge centres regarding the use of such products is helping the market significantly. Furthermore, the widespread use of social media is exposing the consumers to influencers who promote and correctly use such products, which is further leading to an increasing interest of the consumers in such products, which will help the market grow further in the future.
Segment review
The gym accessories market is segmented into type, end user, distribution channel, and region. By type, the gym accessories market is classified into abs straps, belts, wrist wraps, heart rate monitor, blood pressure monitor, exercise balls, and others. Depending on end user, the market is categorized into home, apartment, health club/gym, hotel, corporate office, and public institution, hospitals & medical center. According to distribution channel used for gym accessory sales, the market is segmented into online and offline channels. Region-wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, Russia and rest of Europe), Asia-Pacific (China, India, Japan, Australia & New Zealand, South Korea, ASEAN and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, Turkey, South Africa, and rest of LAMEA). [Image]
On the basis of type, belts segment had the major Gym Accessories Market Share and is likely to remain dominant during the forecast period.
By end user, processed health club/gym dominated the market and is likely to remain dominant during the forecast period.
By distribution channel, online channel is likely to be the fastest growing segment during the Gym Accessories Market Forecast period.
Region wise Asia-Pacific region has Gym Accessories Market Opportunity amd is likely to be the fastest growing region during the forecast period.
COVID-19 impact analysis
- Gym accessories industry was negatively impacted by the pandemic owing to the government restrictions and regulations to stay home which restricted the authorities to check the Gym accessories more efficiently like before.
- the ability of some testing laboratories was conceded due to the pandemic, with the constraint to follow social distancing and the reduced availability of material and staff
- This increase in sales is expect do to continue in the post-Covid19 scenario due to the persistent consumer inclination towards health and wellbeing caused by the pandemic.
According to the Gym Accessories Industry players, the major obstacle attributed to the pandemic was the disruption of the supply chain. Furthermore, all the Distribution Channel s were nearly shut down in the first quarter of the pandemic. However, online channels such as amazon and flipkart were delivering the products. The key players included in the Gym Accessories Market Analysis are Icon Health & Fitness, Torque Fitness, Core Health & Fitness, Naitilus, Inc, Techno gym S.p.A, Peloton Interactive, Antasports, Lifefitness, Aerofit, beingstrong, sfhealth, jeraifitness, Proform, Fitness World AS, Hammer Sport AG, and Rogue Fitness.
Key Benefits For Stakeholders
- 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.
- 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.
- In-depth analysis of the gym accessories market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- 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.
Gym Accessories Market Report Highlights
| Aspects | Details |
 By End User |
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 By Distribution Channel |
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 By Type |
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 By Region |
|
 Key Market Players | Concept2, Inc, Hammer Sport AG, Exigo, Naitilus Inc, Peloton interactive, Inc, Life Fitness, Tunturi New Fitness, Anta.cn, SportsArt, TechnoGym, Jerai Fitness, Core Health & Fitness, Eleiko, Icon Health & Fitness, Body – Solid, Inc, Rouge Fitness, Torque Fitness |
Analyst Review
Recent years have seen a major increase in the awareness of consumers regarding health, fitness, and gym activities. This increase in awareness has caused an upsurge in the number of people who partake in such activates and also choose such activities as a profession. In order to obtain optimum performance and results out of such strenuous activities, the various parts of the body need support and strength which are provided by various kinds of gym accessories.
Most of the gym accessories available in the market aim at providing support to the consumers and maintaining proper posture and techniques in order to avoid strains, fatigue, and injury. This helps in increasing the time for which the consumer can carry out physical activities and in reducing the complexity of some difficult workouts. Moreover, the use of such products helps retain more energy in the body by providing adequate support to the bodies essential parts such as wrists, back and arms, so that unnecessary energy is not spent in the process of weightlifting or working out. Also, the use of products such and heart rate and blood pressure monitors can also help increase the stamina of the consumers and can help the consumers fine tune their fitness activities depending on their cardiovascular condition and their aim of fat loss or muscle development. Furthermore, supplementary accessories like towels, mats, sippers, mp3 players and fitness trackers also help in improving the overall experience and affectivity in the gym and in workout sessions.
The increasing use of gym accessories amongst casual consumers is due to the increase in the trend of going to the gym and working out, coupled with greater knowledge regarding the use of such products. Furthermore, an increase in the number of specialized shops dedicated to such products, coupled with the easy availability of such types of products through online retailers has made it very easy for consumers to procure such products, which is helping the market grow.
The Gym Accessories Market Size was valued at $6.5 billion in 2021, and is estimated to reach $12.0 billion by 2031, registering a CAGR of 6.2% from 2022 to 2031.
From 2022-2031 would be forecast period in the market report
$12.0 billion is the market value of gym accessories market in 2021.
2021 is base year calculated in the gym accessories market report
The key players analyzed in the report are Icon Health & Fitness, Torque Fitness, Core Health & Fitness, Naitilus, Inc, Techno gym S.p.A, Peloton Interactive, Antasports, Lifefitness, Aerofit, beingstrong, sfhealth, jeraifitness, Proform, Fitness World AS, Hammer Sport AG, and Rogue Fitness are the top companies hold the market share in gym accessories market.
Heart rate monitor is the most influencing segment growing in the gym accessories market report during the forecast period.
Surge in obese population, supporting governmental policies, growth in number of gyms and fitness clubs are some of the key trends in gym accessories market report.
7.5% and 7.2% are the growth rate of the emerging countries.
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