Japan Sports Equipment Retail Market Trends, Share, Revenue, Growth Drivers, Challenges, Future Strategies and Competitive Analysis 2023-2033

Share

Japan Sports Equipment Retail Market Trends, Share, Revenue, Growth Drivers, Challenges, Future Strategies and Competitive Analysis 2023-2033: SPER Market Research


 Category : Consumer & Retail

 Published: Jul-2023
 Author: SPER Analyst


Japan Gym Accessories Market is projected to be worth USD XX billion by 2033 and is anticipated to surge at a CAGR of XX%.

Gym accessories encompass a range of specialized products intended to enhance performance and expedite recovery in activities such as athletics, workouts, and bodybuilding. They also include items used for refreshments, entertainment, and nutrition intake during exercise. These accessories are utilized during physical exertion to offer support and ensure proper body alignment, reducing muscle strain, hyperextension, and fatigue in muscles and joints. Their purpose is to aid in maintaining optimal form and angles of the body during intense physical activities, promoting better performance and reducing the risk of injuries.

Japan Gym Accessories Market Driving Factors and Challenges

The market for gym accessories in Japan is influenced by a number of variables. The public is placing more focus on health and fitness, which has increased demand for gym accessories. The market is projected to grow due to factors such as increasing disposable income and changing consumer lifestyles, with a particular focus on adopting active and fitness-oriented routines. Consumers are attracted to the wide array of advanced gym accessories that are easily accessible. Furthermore, the influence of social media and fitness influencers plays a significant role in shaping market trends as consumers strive to achieve their fitness goals. The availability of cutting-edge gym accessories combined with consumer-driven fitness objectives and the impact of social media create a favorable environment for market development.

The market does, however, nevertheless encounter some difficulties. One issue is the availability of fake and inferior goods, which can undermine consumer confidence and restrict market expansion. Additionally, some gym accessories' high price tags may deter consumers with low budgets from buying them. Moreover, both established and new firms face difficulties as a result of the market's escalating competition. Maintaining growth in this cutthroat environment requires adapting to changing consumer tastes and keeping up with the most recent fitness trends. Another hurdle in the gym accessory market is the fierce rivalry from both domestic and foreign firms. Companies must continually innovate, provide distinctive features, and advertise their products successfully if they want to remain competitive.


Impact of COVID-19 on Japan Gym Accessories Market
The COVID-19 pandemic had a huge effect on the gym accessory market in Japan. The demand for gym accessories dropped significantly as a result of the shutdown of gyms and fitness facilities during the lockdown. Resistance bands, yoga mats, and dumbbells were among the gym equipment that consumers increasingly wanted as they embraced at-home workouts and adjusted to the new normal. With a greater emphasis on e-commerce platforms, the market saw potential as shopping shifted online. Although supply chain interruptions posed difficulties for the market, it is anticipated to recover as consumers' interest in health and wellbeing remains high and fitness facilities progressively reopen.  It is significant to note that the pandemic interrupted international supply chains as well, which created difficulties for the manufacture and delivery of gym gear. The market was further impacted by the availability of some products due to supply constraints and shipment delays.

Japan Gym Accessories Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; ASICS Corporation, Decathlon Japan, Everlast Japan Co., Ltd., Gaiam Japan, Mizuno Corporation, Reebok Japan, Yonex Co., Ltd., Others.


Japan Gym Accessories Market Segmentation:

By Type: Based on the Type, Japan Gym Accessories Market is segmented as; Ab Straps, Belts, Blood Pressure Monitor, Exercise Balls, Heart Rate Monitor, Wrist Wraps, Others.

By End User: Based on the End User, Japan Gym Accessories Market is segmented as; Apartment, Corporate Office, Health Club/Gym, Home, Hospitals, Hotel, Medical Center, Public Institution.

By Distribution Channel: Based on the Distribution Channel, Japan Gym Accessories Market is segmented as; Brand outlets, Online Sales Channels, Specialty Stores, Supermarkets, Hypermarkets.

By Region: This report also provides the data for key regional segments of Chubu, Chugoku, Hokkaido, Kansai, Kanto, Kyushu, Shikoku, Tohoku.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

Join Our SPER Panel

Our Global Clients

Our data-driven insights have influenced the strategy of 200+ reputed companies across the globe.
SPER-Astellas Pharma
SPER-Citi Bank
SPER-Microsoft
SPER-EY
SPER-Sanofi
SPER-p&g
SPER-Johnson & Johnson
SPER-SIEMENS
SPER-LOREAL
SPER-Pfizer
SPER-IPSOS
SPER-Heineken
SPER-IQVIA
SPER-Kankar IMRB
SPER-PWC
SPER-Astellas Pharma
SPER-Citi Bank
SPER-Microsoft
SPER-EY
SPER-Sanofi
SPER-p&g
SPER-Johnson & Johnson
SPER-SIEMENS
SPER-LOREAL
SPER-Pfizer
SPER-IPSOS
SPER-Heineken
SPER-IQVIA
SPER-Kankar IMRB
SPER-PWC

SPER

Market Research

We are the leading, full-service global market research and consulting company.

Certificates
iso-1 iso-1 iso-1 ESOMAR
Secure Payments
SPER Payment Options
Contact HR

 [email protected]

 +91-742-898-5650