Global Market Research Reports : Ken Research: UAE Fitness Equipment Market Outlook to 2026: Ken Research

Tuesday, July 5, 2022

UAE Fitness Equipment Market Outlook to 2026: Ken Research

UAE Fitness Equipment Market is expected to expand at a CAGR of ~3.2% in terms of Revenue Generated and Growth Rate in between 2021-2026: Ken Research

COVID-19 era has prompted businesses to strengthen their digital presence in order to attract individual consumers as their preferences have shifted to home-based fitness activities
With UAE emerging as the major leisure and entertainment hub a massive growth is seen in the wellness tourism industry wherein tourist are concerned in maintaining their daily fitness routine during their stay in UAE

Change in ideology of native residents

With influx of a foreign population over the last decades there has been a considerable change in the pattern of lifestyle due to shift in ideology from conservative to open-minded wherein people are more willing to indulge in fitness activities along with major concerns towards women fitness are taken consideration.

Shift in Consumer Preference towards availing home based fitness regimes:

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.

Collaboration of digital solutions with fitness regimes will drive the market:

Companies are focusing on launching differentiated products to solidify their position and capture a large market share. For instance, in October 2019, Nautilus Inc. unveiled a digital platform JRNY that incorporates AI to offer tailored workouts that adjust automatically with the user. With the launch, the company aims to offer enhanced solutions to its customers. Similarly, Matrix Fitness offers a training console that offers a guided strength training experience. In February 2021, Technogym S.p.A launched MyRun, a home treadmill with on-demand training experiences designed to offer customized walking or running programs suitable for users of all levels, from beginners to sports enthusiasts

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

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 equipment” 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 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

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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

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