Latin America Resistance Bands Market Size & Outlook
Latin America resistance bands market, 2015-2028 (US$M)
Related Markets
Latin America resistance bands market highlights
- The Latin America resistance bands market generated a revenue of USD 72.5 million in 2021.
- The market is expected to grow at a CAGR of 8.3% from 2022 to 2028.
- In terms of segment, gym & health clubs was the largest revenue generating application in 2021.
- Individual is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2022 to 2028.
Latin America data book summary
| Market revenue in 2021 | USD 72.5 million |
| Market revenue in 2028 | USD 126.9 million |
| Growth rate | 8.3% (CAGR from 2021 to 2028) |
| Largest segment | Gym & health clubs |
| Fastest growing segment | Individual |
| Historical data covered | 2015 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Gym & Health Clubs, Individual |
| Key market players worldwide | Extreme Networks Inc, Performance Health, Black Mountain Products, ProsourceFit, Bodylastics |
Other key industry trends
- In terms of revenue, Latin America region accounted for 5.7% of the global resistance bands market in 2021.
- Globally, North America is projected to lead the regional market in terms of revenue in 2028.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 810.9 million by 2028.
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Resistance Bands Market Scope
Resistance Bands Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America resistance bands market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to resistance bands market will help companies and investors design strategic landscapes.
Gym & health clubs was the largest segment with a revenue share of 80.28% in 2021. Horizon Databook has segmented the Latin America resistance bands market based on gym & health clubs, individual covering the revenue growth of each sub-segment from 2015 to 2028.
This market’s growth is majorly driven by the regional population’s inclination toward healthier lifestyles owing to the COVID-19 pandemic. Demographically, the region is home to a sizeable population of young people, with the median age of the regional population ranging between 26 and 35 years.
In recent years, trends in the fitness industry across the region have shifted from multipurpose clubs to specialized fitness centers, signifying a change in consumer preferences and the willingness of fitness establishments to invest in capital to venture into new business models.
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Our clientele includes a mix of resistance bands market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America resistance bands market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America resistance bands market from 2015 to 2028, including revenue numbers, major trends, and company profiles.
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Latin America resistance bands market size, by country, 2015-2028 (US$M)
Latin America Resistance Bands Market Outlook Share, 2021 & 2028 (US$M)
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