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KSA Fitness Equipment Market is expected to expand at a CAGR of ~18.7% on the basis of Revenue in between 2021-2026: Ken Research – PR Newswire

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GURUGRAM, India, May 31, 2022 /PRNewswire/ —
March 2022
Rise in Local Gyms and Fitness Clubs
Commercial and Private Fitness Centers in KSA
The fitness industry in KSA was once dominated by the wealthy and expats, now a new wave of local gyms and dance and martial arts studios are emerging to serve a fast-rising number of young, less affluent fitness enthusiasts. It is estimated that in between 2021 and 2026E, total number of members availing fitness services will be expanding at a CAGR of 13.3%. With the rapid expansion in the number of total members, the demand for fitness equipment is expected to surge in coming years.
Growing Working Age Population
Due to the increased awareness on health and hygiene followed by the advent of COVID-19, 46.4% of the overall population in KSA belonged to the working age population aged 25-54 years as of 2021, which is estimated to contribute to more than 50% by the end of 2030. Consumers belonging to this age group in KSA are health conscious individuals who in order to maintain physical health resort to various fitness related activities such as cycling, walking and gymming among others. With the rise in awareness on the importance of physical health, the demand for high end fitness equipment will witness a surge driven by consumers belonging to this age group.
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The future of Fitness Equipment Market is closely knit with expanding virtual fitness equipment market
The expanding virtual fitness market will spur the demand for high-quality fitness equipment that can be easily installed at homes. Busy working professionals prefer to undertake online fitness sessions to enjoy exercising in the comfort of their homes and as per convenience. In response to the growing home fitness equipment industry, market players are launching digitally connected solutions for consumers. Consumers are leveraging the benefits of digitally connected fitness equipment to enjoy a personalized training experience through online workout classes.
Future Opportunities for Fitness Equipment Market in KSA
Equipment distributors have an opportunity to cater to the surging demand of home based fitness equipment as consumers are preferring to avail fitness services at the comfort of their home post COVID-19, which in turn will contribute to the growth of digital fitness services and equipment market in coming years. Subsequently, launch and expansion of 163 hotel projects such as Radisson and Hyatt by the end of 2026 as envisaged by the government serve as an immediate opportunity for the equipment distributor’s to collaborate in supplying with fitness clubs, centers, universities, and hotels among others the necessary equipment demanded for their facilities.
The publication titled "KSA Fitness Equipment Market Outlook to 2026: Driven by the growing demand of advanced fitness equipment by fitness clubs and government initiative to launch women centric fitness centers" provides a comprehensive analysis of the fitness equipment industry. The report covers various aspects including fitness equipment industry market size on the basis of on the basis revenue, market overview, value chain analysis, ecosystem, operating model, gym joining decision making parameters, SWOT analysis, major trends and developments, government initiatives promoting health awareness, and impact of COVID-19. Insights on competitive landscape of fitness equipment industry, list of importing and exporting companies in KSA, list of major distributors in KSA, and company profile of major players along-with cross comparison between fitness equipment distributors operating in the ecosystem on the basis of company overview, revenue generated, countries served, product portfolio, revenue streams, type of customers, serviced offered, strengths, weaknesses, major clientele and key partnerships is also covered in the report.
The report also covers trade scenario of fitness equipment (by imports and exports of fitness equipment from major countries), along-with end user analysis of demand side highlighting key demand clusters on the basis of region, customer decision making factors in joining fitness centers, target and service addressable market of KSA health and fitness industry. Further report also focuses on the KSA Fitness Equipment Market Segmentation by Type of End User (Commercial Fitness Centers & Health Clubs, Private Fitness Centers and Health Clubs, Office & Hotels, Home, and Universities) By Value (In USD Mn), By Location of Manufacturing (Import and Domestic Manufacturing) By Value (In USD Mn), By Type of Customer (B2B and B2C) By Value (In USD Mn). KSA Fitness Equipment Market report concludes with projections for the future of the industry including forecasted industry size by revenue by 2026, and analysts’ take on the future highlighting the major opportunities.
Key Segments Covered in KSA Fitness Equipment Industry:-
KSA Fitness Equipment Market
Request For Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTI0MDQ4
KSA Offline Fitness Market Assessment
Key Target Audience:-
Time Period Captured in the Report:-
Saudi Arabia Fitness Equipment Import Export Companies:-
KSA Fitness Equipment Industry Players/Ecosystem
Key Topics Covered in the Report:-
For More Information on the research report, refer to below link:-
KSA Fitness Equipment Market
Related Reports:-
Israel Fitness Services Market Outlook To 2025 – Driven By Growing Awareness For A Balanced Lifestyle Along With The Addition Of State-Of-The-Art Gyms In The Country
Israel is a leading fitness and wellness destination with abundance of wellness retreats, spa breaks, and boot camps offering in a fitness centers with state of the art equipment. Growing awareness regarding balanced lifestyle, access to low cost budget fitness centers and growth of well equipped gyms with state-of the art equipment are fueling the market growth. Opening up of ladies dedicated gyms such as Fitwell Ladies Fitness Centers with female professional trainers to guide woman’s pursuing exercises has created new segment and increased the female memberships in the country.
Qatar Fitness Services Market Outlook to 2025F – Driven by increasing health concerns resulting in addition of number of health clubs and gyms
The fitness market in Qatar has witnessed strong growth with a considerable expansion in the number of boutique and budget fitness centers directly contributing to the economy. Rise in Personal Disposable Income, High Rates of Obesity, Rising Awareness about Health & Fitness, Increased Investment in Ladies Fitness Centres, Government Initiatives and to overcome health issues such as diabetes and cancer has been the major key factors which drives the demand for fitness services centers in Qatar.
Egypt Fitness Equipment Market Outlook to 2026: Driven by the avenues for empowerment, rising disposable income, increasing health concerns and home based fitness equipment
Egypt fitness equipment market expanded at a CAGR of ~9.1% in between 2016 and 2021 with considerable expansion in commercial fitness centers in which popular fitness centers and women centric fitness club dominated the market. Government initiatives such as National Sports Day and Annual sponsored fitness events like Marathon Cairo event, 100 Million Heath and "Your Bike, Your Health" campaign are taken up by the government to improve physical conditions of people coupled with rising health concerns such as obesity, diabetes and cardiovascular diseases due to unhealthy lifestyle, inclination of consumers to undertake online fitness sessions to enjoy exercising in the comfort of their homes and as per their convenience are the major determinant to drive the growth of fitness equipment industry. Surging demand of fitness equipment suitable for home/residential purposes post COVID-19 is also contributing in the growth of fitness equipment market.
In 2020, fitness equipment industry experienced a temporary downfall owing to the impact of COVID-19 on industry leading to closure of the fitness centers and health clubs due to country wide lockdown. With mandatory protocol such as to avoid physical contact and maintenance of social distancing to prevent the transmission of virus restrained a major chunk of population from availing fitness services in fitness centers and health clubs. These factors have however led to increased demand of home-based fitness equipment and adaptation to digital fitness services as people preferred to follow fitness regimes at their home to ensure safety. Also, increased awareness on health and hygiene followed by the advent of COVID-19 is acting as a catalyst for the shift in consumer’s preference towards availing digitally connected solutions for their fitness routine.
UAE Fitness Equipment Market Outlook to 2026: Driven by rising disposable income, increasing health concerns, growth of commercial fitness centres and home based fitness equipment
UAE fitness equipment market witnessed strong growth between 2016 and 2021 with considerable expansion in commercial fitness centers in which boutique and women centric fitness center dominated the market along-with growth in home-based fitness equipment industry. The factors such as rapid urbanization with influx of foreign population, rising disposable income of the consumers, rising health concerns such obesity, diabetes and cardiovascular diseases due to unhealthy lifestyle, inclination of consumers to undertake online fitness sessions to enjoy exercising in the comfort of their homes and as per their convenience collaborated with home-based fitness equipment post pandemic along-with various government initiatives and corporate wellness program are the major factors driving the growth of fitness equipment market. In 2020, fitness equipment industry experienced a temporary downfall owing to the impact of COVID-19 on industry leading to closure of the fitness centers and health clubs due to country lockdown. With mandatory protocol such as to avoid physical contact and maintenance of social distancing to prevent the transmission of virus restrained a major chunk of population from availing fitness services in fitness centers and health clubs. These factors have however led to increased demand of home-based fitness equipment as people preferred to follow fitness regimes at their home to ensure safety.
Algeria Fitness Services Market Outlook to 2025F – Driven by technological innovations and inventive training approaches along with adoption of hybrid model by fitness centers
The fitness market in Algeria is an underpenetrated market with one of the lowest penetration rates in the MENA market. Rising awareness about health risks of a sedentary lifestyle and adoption of tech innovations for connectivity and inventive training approaches are fueling the market growth. The participation of women is on the rise as trainers, fitness influencers, and entrepreneurs in fitness industry, thereby increasing the female memberships and employment.
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
[email protected]
+91-9015378249
SOURCE Ken Research
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