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

Request for Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTI0MDQ0

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

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