Showing posts with label UAE Fitness Equipment Market Share. Show all posts
Showing posts with label UAE Fitness Equipment Market Share. Show all posts

Tuesday, April 5, 2022

UAE Fitness Equipment Market - Growth Rate and Covid 19 Impact 2026

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Overview of UAE Fitness Equipment Industry and market size

UAE fitness equipment market was valued at USD ~XX million in 2021, recording an expansion at a CAGR of XX% in between 2016 and 2021 on the basis of revenue generated through sales of fitness equipment 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.

The imported fitness equipment market in UAE recorded a positive growth between 2016 and 2021 on basis of revenue generated through purchase of imported equipment with XX% CAGR due to increase in foreign population (Expatriates) has led to increase influence on the overall population of UAE to follow latest trends and standards of living which has up scaled the demands of latest fitness equipment which can be availed from the foreign countries.

The exported fitness equipment market in UAE recorded a contraction since December 2019 on basis of revenue generated through sales of exported equipment with USD XX Million revenue generated in 2021 with XX% CAGR. In house ‘UAE Fitness Equipment Market’ is accumulated with local manufactures who are majorly producing basic fitness equipment with no advanced technologies incorporated in these equipment which leads to lower penetration rate in UAE as well as the foreign markets.

UAE FITNESS EQUIPMENT Market Segmentation, 2021

By Type of End User:

Commercial fitness centres accounted for the highest market share of XX% among all other types of end users on the basis of revenue generated in the year 2021. Boutiques and medium sized fitness centres dominate the sector. Private fitness centres and health clubs accounted the second highest share followed by office & hotels and universities.

By location of manufacturing:

Foreign fitness equipment accounted for the highest market share of XX% as compared to the locally manufactured (domestic) fitness equipment on the basis of revenue generated in 2021.

Domestically manufactured fitness equipment have low penetration in foreign markets due to lack of advancement required in fitness equipment by urban population.

By Type of Customer:

Sales of fitness equipment through B2B channel accounted for the highest share of XX% on the basis of revenue in 2021, attributed to the surging establishments of commercial and hotel-based fitness centres demanding advanced fitness equipment followed by B2C channel has low penetration in the market.

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Trade scenario, by value in million USD, 2016-2020

Fitness Equipment Imports from Major Countries in UAE:

Majority of the equipment are imported from countries such as China, US and Italy with China being the major importer of the fitness equipment in UAE. Post-pandemic number of imported fitness equipment escalated to USD XXX Million in 2020. Factors like rise in disposable income of the country, huge expat population are responsible for the surge in imports.

Major Export Destinations for Fitness Equipment in UAE:

Majority of the equipment are exported to countries such as Saudi Arabia, Oman and Uganda; with Saudi Arabia being the major export destination of the fitness equipment in UAE. Post pandemic the number of exports for fitness equipment declined to USD X.XX Million in 2020.Factors responsible for low exports are inclination of customers towards branded equipment as compared to locally produced equipment with low penetration in foreign markets.

Government Initiatives

Government of UAE aims to increase community awareness about the importance of physical activity and boost community’s capability to adopt healthy lifestyles, create a supportive healthcare environment

These initiatives also the encourage involvement of local communities and civil society organizations in the promotion of health awareness programs.

Competitive Landscape Of UAE Fitness Equipment Market,

UAE Fitness Equipment Market’ is highly fragmented. The market has been swelled with unorganized fitness centers which majorly do not offer diversified services and broadly focuses on hardcore gym exercises due to less availability of space and low membership subscription charged. It has few major organized fitness service centers with their own brand chains which have approximately fewer outlets along with many other fitness centers which are under category of unorganized fitness service centers. Major competition is being driven through specialty in services and providing additional diversified value-added services like Pilates, Zumba, Martial Arts, Spa, Jacuzzi, salon, aqua aerobics, yoga & others which increase the member participation in fitness centers. Companies are focusing on launching differentiated products with innovative advancements in fitness equipment to solidify their position and capture a large market share

A notable shift in consumer preference post COVID-19 has contributed in the emergence of online ecosystem. The expanding virtual fitness market will spur the demand for high-quality fitness equipment that can be easily installed at homes. In response to the growing home fitness equipment industry, market players are launching digitally connected solutions for consumers. Therefore, one of the important areas of competition would be the online visibility of players in coming years.

UAE Fitness Equipment Market

  • By Type of End User
  • Commercial Fitness Centers and Health Clubs
  • Private Fitness Centers and Health Clubs
  • Office and Hotels
  • Universities
  • By Location of Manufacturing
  • Foreign
  • Domestic
  • By Type of Customer
  • B2B
  • B2C

Key Target Audience

  • Manufacturers
  • Distributors
  • Retailers
  • Importers
  • Private Fitness Centers
  • Commercial Fitness Centers
  • Healthcare Facilities
  • Hotels and Resorts

Time Period Captured in the Report:

  • Historical Period: 2016-2021
  • Forecast Period: 2021-2026F
  • Major Universities
  • United Arab Emirates University
  • American University of Sharjah
  • University of Sharjah Abu Dhabi
  • University Zayed University
  • Khalifa University
  • New York University Abu Dhabi

Key Topics Covered in the Report

  • Socio-economic Landscape of UAE
  • Overview of UAE Fitness Equipment Market
  • Ecosystem of UAE Fitness Equipment Industry
  • Operating Model of Fitness Equipment Distributors in UAE
  • Market Size of UAE Fitness Equipment Industry (Market Revenue and Growth rate)
  • Market Size of UAE Fitness Equipment Industry on the basis of Offline Fitness Equipment Industry assessment
  • UAE Fitness Equipment Industry segmentation (By Type of End User, By Location of manufacturing, By Type of Customer)
  • Cross Comparison of Major Distributors (Revenue Generated, No of Employees, Overall Sales Volume (Units), Countries Served, Revenue Split)
  • Company Profile of Major Distributors (Company Profile, Revenue Streams, Type of Customers, Services Offered, Major Clientele, Key Partnerships, Strengths)
  • SWOT Analysis
  • Industry trends and developments
  • Direct and Indirect Economic Impact of Fitness Industry in UAE
  • Trade Scenario By Value in Million USD
  • Government Initiatives
  • Impact of COVID-19
  • End User Analysis: Key Demand Clusters for Fitness Equipment
  • Identifying the Customer Cohorts in Health and Fitness Market
  • Customer Mindset for Fitness in the UAE
  • Customer Decision making factors for Fitness Centers
  • Target Addressable Market and Service Addressable Market in UAE Health and Fitness Industry
  • Analyst Recommendation
  • Industry speaks

For More Information on the research report, refer to below link: -

UAE Fitness Equipment Market Outlook to 2026

Related Reports by Ken Research: -

UAE Fitness Services Market Outlook to 2025F (Second Edition) - Driven by increasing health concerns resulting in addition of number of health clubs and gyms in the country

Fitness Equipment Market Status and Trend Analysis 2017-2026 (COVID-19 Version)

At-Home Fitness Equipment Market: Global Market Size, Forecast, Insights, and Competitive Landscape

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Thursday, March 24, 2022

UAE Fitness Equipment Market Outlook, Share, Trends, Revenue & Size UAE Fitness Equipment Market Outlook, Share, Trends, Revenue & Size

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Increasing Concerns for Physical Health

UAE has become a country where there is a population of more than 80% expatriates and less than 20% original inhabitants of the emirates. Increase in foreign population (expatriates) brought many positive aspects to UAE which includes change in lifestyle pattern. These changes has led to rising health concerns in the major quotient of the population such obesity, diabetes and cardiovascular diseases. There have been several initiatives undertaken by government to raise the awareness among the residents regarding the importance of healthy lifestyle and physical activity. With advent of COVID-19, importance for maintenance of good physical health received more recognition as people became aware and started following various fitness regimes.

Rise in Commercial Fitness Centres

Commercial fitness centres and health clubs are driving the fitness equipment with rise in women only fitness centres contributed to a surge in demand of fitness equipment as multiple women centric fitness centres integrated the market as well as increase in setup of fitness centres in boutique encourage the consumers to avail the fitness services.

Increased demand for digitally connected solutions

The expanding virtual fitness market has 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.

Competitive Landscape in UAE Fitness Equipment Market

UAE Fitness Equipment Market’ is highly fragmented. The market has been swelled with unorganized fitness centers which majorly do not offer diversified services and broadly focuses on hardcore gym exercises due to less availability of space and low membership subscription charged. Major competition is being driven through specialty in services and providing additional diversified value-added services like Pilates, Zumba, Martial Arts, Spa, Jacuzzi, salon, aqua aerobics, yoga & others which increase the member participation in fitness centers. A notable shift in consumer preference post COVID-19 has contributed in the emergence of online ecosystem with expanding virtual fitness market. Therefore, one of the important areas of competition would be the online visibility of players in coming years

Impact of COVID-19

Even though the UAE fitness equipment market witnesses a slowdown post 2018, but with the advent of COVID-19 it is contributing towards the positive outlook of the industry. Increased awareness on health and hygiene is acting as a catalyst for the shift in consumer’s preference to home-based fitness regimes as per their convenience which has led to increase in demand for home based fitness equipment. The shift in consumer’s preference is expected to contribute in the growth of fitness equipment in coming years.

The publication titled UAE Fitness Equipment Market Outlook to 2026: Driven by rising disposable income, increasing health concerns, growth of commercial fitness centres and home based fitness equipmentprovides 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 of market revenue and growth rate, 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. Given the fragmented competition structure in the fitness equipment market, analysts have elaborated on competitive landscape of fitness equipment industry, competition nature, major competition parameters and company profile of major players along-with cross comparison between major players operating in the ecosystem is also covered in the report. Further report also focuses on the trade scenario of fitness equipment along-with end user analysis of demand side. The report also provides comprehensive insight on the market size and segmentation of the industry. UAE Fitness Equipment Market report concludes with projections for the future of the industry including forecasted industry size and analysts’ take on the future highlighting the major opportunities.

Key Segments Covered in UAE Fitness Equipment Industry

UAE Fitness Equipment Market

  • By Type of End User
  • Commercial Fitness Centers and Health Clubs
  • Private Fitness Centers and Health Clubs
  • Office and Hotels
  • Universities
  • By Location of Manufacturing
  • Foreign
  • Domestic
  • By Type of Customer
  • B2B
  • B2C

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Key Target Audience

  • Manufacturers
  • Distributors
  • Retailers
  • Importers
  • Private Fitness Centers
  • Commercial Fitness Centers
  • Healthcare Facilities
  • Hotels and Resorts

Time Period Captured in the Report:

  • Historical Period: 2016-2021
  • Forecast Period: 2021-2026F

UAE Fitness Equipment Market Players

  • Major OEM’s
  • Precor
  • Technogym
  • Vogue Fitness
  • Life Fitness
  • Matrix
  • Concept 2
  • Major Distributors
  • AKI Fitness
  • MEFITPRO
  • Falaknaz Sports
  • RS Fitness LLC
  • Gymcare
  • Irma Fitness
  • Major Importers
  • Sport Links LLC,
  • Leader Sport
  • Major Retailers
  • Active Fitness Store
  • Pro Sports
  • SportsPlanet
  • Garner Fitness Supplies
  • Sam Sports
  • Fitness Power House
  • Major Healthcare Facilities
  • Burjeel Hospital,
  • Healthpoint
  • International Knee and Joint Centre
  • Zulekha Hospital
  • Health Square
  • Cambridge Rehabilitation Centre.
  • Major Commercial Fitness Centres
  • UFC Gym
  • GymNation
  • Gold's Gym
  • Fitness First
  • Fitness 360
  • METROFITT
  • Major Hotels & Resorts
  • Jumeirah Hotels
  • Hilton
  • Hyatt
  • Emaar Group
  • Marriott
  • Radisson Hotels and Resorts
  • Major Universities
  • United Arab Emirates University
  • American University of Sharjah
  • University of Sharjah Abu Dhabi
  • University Zayed University
  • Khalifa University
  • New York University Abu Dhabi
  • Major Associations
  • REPS (Register of Exercise Professionals) UAE
  • IFPA (International Fitness Professionals Association) UAE.

Key Topics Covered in the Report

  • Socio-economic Landscape of UAE
  • Overview of UAE Fitness Equipment Market
  • Ecosystem of UAE Fitness Equipment Industry
  • Operating Model of Fitness Equipment Distributors in UAE
  • Market Size of UAE Fitness Equipment Industry (Market Revenue and Growth rate)
  • Market Size of UAE Fitness Equipment Industry on the basis of Offline Fitness Equipment Industry assessment
  • UAE Fitness Equipment Industry segmentation (By Type of End User, By Location of manufacturing, By Type of Customer)
  • Cross Comparison of Major Distributors (Revenue Generated, No of Employees, Overall Sales Volume (Units), Countries Served, Revenue Split)
  • Company Profile of Major Distributors (Company Profile, Revenue Streams, Type of Customers, Services Offered, Major Clientele, Key Partnerships, Strengths)
  • SWOT Analysis
  • Industry trends and developments
  • Direct and Indirect Economic Impact of Fitness Industry in UAE
  • Trade Scenario By Value in Million USD
  • Government Initiatives
  • Impact of COVID-19
  • End User Analysis: Key Demand Clusters for Fitness Equipment
  • Identifying the Customer Cohorts in Health and Fitness Market
  • Customer Mindset for Fitness in the UAE
  • Customer Decision making factors for Fitness Centers
  • Target Addressable Market and Service Addressable Market in UAE Health and Fitness Industry
  • Analyst Recommendation
  • Industry Speaks