The Brazil Fitness Industry will continue to grow in the next few years with the increasing instances of obesity, rising significance of appearances in daily life and improving economic conditions in the country. Despite an economic slowdown in the country, the fitness services market has grown at a CAGR of ~% during 2009 to 2014. Further, a rise in the number of fitness centers has also led to an increase in the number of equipments required.
According to the research report, the revenues from the Brazil fitness industry are expected to expand to USD 5,340.5 million in 2019, growing with a CAGR of ~% from 2015 to 2019. The future growth of the fitness services industry is attributed to the rising instances of obesity and improvement in the economic conditions of the country.
“Brazil is the world’s second largest fitness industry in terms of number of fitness centers. With the increasing number of international sports events being conducted in Brazil and the rise in the instances of obesity and related health issues such as diabetes and hypertension, the fitness industry would play a major role in the country. Use of poor quality second hand equipment, upcoming trend of video on demand services for exercising and the poor investment climate can serve as the major drawbacks for the industry.”, according to the Research Analyst, Ken Research.
Companies Covered in the Report
Bio Ritmo
Bodytech
Companhia Athletica
Runner
Movement
Life Fitness
Technogym
Matrix
