Revolutionizing Fitness: UAE Embraces Niche Programs to Transform Lives and Ignite Performance: Ken Research

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Personalized Solutions and Tailored Training Redefine Fitness Industry in the UAE

Storyline

• Veteran golfer defies age with golf-specific program.
• Niche fitness programs thrive, targeting specific groups.
• Bespoke coaching addresses unique challenges, empowering women.
• As per Ken Research estimates, demand surges for specialized workouts & companies to target niche client only.

For many individuals in the UAE, traditional fitness routines are no longer something they want to keep up with & they’d rather seek personalized approaches that cater to their unique needs and goals. This has given rise to a flourishing market of niche fitness programs designed to target specific groups and sports. Ranging from golf-specific training to bespoke coaching for conditions like polycystic ovarian syndrome (PCOS), fitness professionals are transforming lives by providing tailored services.

1.Golf-Specific Programs

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M.S., a veteran golfer, believed his golfing days had come to an end as age took a toll on his body. However, a golf-specific program led by Richard Dunsby at Optimal Fitness as confirmed by him, ‘came to rescue’. Within six weeks, M.S. experienced a pain-free body and a revitalized swing. Richard's success story showcases the power niche fitness programs are holding nowadays in Dubai.

Independent or goal-specific facilities are thus contributing to a larger market share owing to their independent outlook on activities as compared to chained outlets who share the same ideology all around their operating area.

2.Targeting Specific Groups

Fitness professionals in the UAE are increasingly recognizing the demand for tailored made workouts designed for specific groups. One such example is Georgie Ricks, founder of 'Its a PCOS Party,' a bespoke coaching program for women battling polycystic ovarian syndrome. By providing detailed and personalized regimes, Georgie addresses the unique challenges faced by these women in their day to day activities. This niche approach empowers them, fostering a sense of understanding, trust, and progress toward their fitness goals.

3.Surging Demand

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The response to niche fitness programs in the UAE fitness market has been overwhelming. Georgie Ricks, since launching her PCOS coaching program, has witnessed unprecedented interest. What initially started with a few clients rapidly escalated to a waitlist due to the immense demand. This surge in interest indicates the vast number of individuals seeking specialized fitness solutions to address their specific needs.

4.What’s next?

As per our estimates at Ken Research, as the fitness industry in the UAE continues to evolve, niche fitness programs are transforming the lives of individuals seeking personalized approaches. These programs cater to specific groups, address unique challenges, and deliver tailored solutions. The success stories and increasing demand highlight the significance of niche fitness in empowering individuals to achieve their health and wellness goals. With specialized programs and products gaining popularity, the UAE's fitness landscape is embracing a more personalized and inclusive future.

Company founders are tapping the need for personalized workouts, majorly because they have recognized the client specific problems. This has led to them catering to that particular niche only which is something that’ll go on for years to come.

Netherlands faces fuel crisis as cut off from Russian crude oil, losing 30% of imports. Can other sources meet total demand? : Ken Research

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 Storyline

1. Netherlands imports $86.7M in fuel/lubricant pumps, becoming the top global importer. Primary sources: UK, Germany, Slovakia, Italy, and the US.
2. Russian crude oil ban disrupts Dutch refineries, potentially reducing production. Refineries seek alternative crude sources and process adjustments.
3. Dutch heating oil prices volatile from 2000-2021. Record low of 564.2 euros/1000 liters in 2000, peaking at 1,168.6 euros/1000 liters in 2021 due to Russian-Ukraine conflict.

Introduction

The ban on importing Russian crude oil took effect on 5 December 2022, followed by a ban on importing Russian petroleum products such as diesel and Kerosene on 5 February 2023. Since December 2022, Russian crude oil has stopped entering the Netherlands, having accounted for 30% of crude oil imports in 2022 as a whole.

1.Diversification of Lubricant Oil Sources

In 2021, Netherlands imported $86.7M in Pumps dispensing fuel, lubricants in filling stations, becoming the 1st largest importer of Pumps dispensing fuel, lubricants in filling stations in the world.

 

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In 2021, Netherlands imported $86.7M in Pumps dispensing fuel, lubricants in filling stations, becoming the 1st largest importer of Pumps dispensing fuel, lubricants in filling stations in the world. At the same year, Pumps dispensing fuel, lubricants in filling stations was the 1092nd most imported product in Netherlands. Netherlands imports Pumps dispensing fuel, lubricants in filling stations primarily from: United Kingdom ($70.9M), Germany ($7.6M), Slovakia ($1.66M), Italy ($1.28M), and United States ($1M).

2."Refinery Rumble: How the Russian Crude Oil Ban Impacts Netherlands' Refineries"

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The Netherlands is home to several large oil refineries that process imported crude oil. The absence of Russian crude oil can affect the operations of these refineries, potentially leading to reduced production or operational adjustments. Refineries may need to adapt by sourcing different crude oil grades or making changes to their refining processes.

3.Heating Oil in the Crossfire: Russian-Ukraine Conflict Sparks Price Surge in heating oil and Market Turbulence in Netherlands

In 2021, the average price for heating oil reached 1,168.6 euros per thousand liters in the Netherlands. In the period of consideration, the average prices for heating oil in the Netherlands in euros per thousand liters were somewhat volatile from 2000 to 2021. The price peaked in 2021, and reached the record low of 564.2 euros per thousand liters in 2000.

4 trends driving the Netherlands Lubricants Market : Ken Research

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Storyline

• Dutch government's emphasis on high-tech manufacturing and industrial automation has spurred the demand for specialized lubricants in automotive, warehousing, and semiconductor sectors.
• The sale of used vehicles in the Netherlands has surged by 16%, reaching 1.33 Mn vehicles from 2017 to 2021, driving the need for aftermarket services, including lubricants.
• The rising popularity of ride-sharing mobility is projected to increase shared car numbers by 17.7% annually, reaching around 337,000 cars by 2030, resulting in a higher demand for lubricants due to increased wear and tear.

Introduction

Foreign Direct Investment (FDI) in the industrial sector has been on the rise, with various sub-sectors attracting significant attention. Among them, food processing, electronic components, and machinery manufacturing stand out as top sectors, requiring specialized lubricants. The Netherlands, known for its thriving food industry, has over 7,300 food companies generating a substantial USD 88 Bn in revenue in 2021.

1.Growing FDI in Industrial Sector

Total value of Foreign Direct Investments (FDI) in the Netherlands from 2015 to 2021.

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Top sub-sectors of FDI: Food processing, electronic components and machinery manufacturing, etc., requiring specialized lubricants. The FDI data reached an all-time high of 260.5 USD bn in Sep 2007 and a record low of -280.6 USD bn in Dec 2018. In the latest reports of Netherlands, Current Account recorded a surplus of 4.4 USD bn in Dec 2022.

Netherlands has 7,300+ food companies generating USD 88 Bn (2021).

As incoming FDI increases in electronic components, machinery manufacturing and food processing sectors, demand for lubricant automatically increases. As these industries require lubricants, therefore lubricant market expands.

2.Rise in Complex Manufacturing Capabilities

The High-Tech Top Sector is characterized by large multinationals such as Philips, ASML, NXP, Océ and Tata Steel and international collaboration with high-tech SMEs, universities and knowledge institutes such as the Holst Centre and the Embedded Systems Institute. The High-Tech Top Sector employs 452,000 FTE in the Netherlands, which represents 6.46% of the Dutch employment market. The sector encompasses different disciplines such as materials production, automotive and the high-tech manufacturing industry and is closely interwoven with the Logistics Top Sector and the Information and Communication Technologies (ICT) services industry.

High tech & complex manufacturing is the key focus of the Dutch government. In this, industrial automation in automotive, warehousing, semiconductors, etc., are becoming key users of hydraulic systems & fluids used at high temperatures and in automated machineries, like robotic arms, joints and hinges.

3.Rising Demand for Second Hand Cars

Number of second-hand passenger cars sold in the Netherlands in 2017 and 2018, by car model

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The sale of used vehicles in the Netherlands has experienced a remarkable growth trajectory in recent years, facilitated by the presence of popular classified portals like Ooyyo, Marktplaats, AutoScout24, and others. From 2017 to 2021, the number of used vehicles sold through these platforms witnessed a substantial 16% increase, reaching a significant milestone of 1.33 Mn vehicles.

This surge in the sale of used vehicles has created a ripple effect across the automotive industry, driving the demand for various aftermarket services, including lubricants. When purchasing a used vehicle, one of the key considerations for buyers is to ensure the optimal performance and longevity of the vehicle. This is where lubricants play a vital role.

4.Increasing Demand for Ride Sharing Mobility

The number of shared cars would grow by 17.7% yearly, from ~78,000 in 2021 to ~337,000 in 2030, generating revenue of USD 30 Mn by 2030. Average daily distance travelled by shared car is 93 Km, while private car travels 46 Km. This increases the need for constant change of lubricants due to higher wear & tear in shared cars.

Conclusion

With growing FDI in the industrial sector, the Netherlands sees a rising need for specialized lubricants in sub-sectors like food processing, electronics, and machinery manufacturing. The government's emphasis on high-tech manufacturing drives lubricant demand in industrial automation. The surge in used vehicle sales and the popularity of ride-sharing contribute to the expanding lubricant market. These trends position the Netherlands' lubricant industry for sustained growth and opportunities in the future.

Belgium Fitness Services Market, Overview and Genesis of the Industry Outlook to 2027: Ken Research

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What is the Size of Belgium Fitness Service Industry?

Belgium Fitness Service market is growing at a CAGR of ~% in 2017-2022 and is expected to reach USD ~ Bn by 2027F.

The Belgium Fitness Service Market is largely driven by increasing health awareness, rising obesity rates, technological advancements, corporate wellness programs, fitness tourism, changing lifestyles, and government initiatives.

Belgium, like many other developed countries, has been experiencing a rise in obesity rates. This has created a greater demand for fitness services as individuals seek to lose weight, maintain a healthy lifestyle, and combat obesity-related health issues.

The integration of technology in fitness services has played a crucial role in driving market growth. Fitness apps, wearable devices, and smart equipment have made it easier for progress, set goals, and access  personalized workout routines, thus enhancing the overall fitness experience.

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Belgium has a relatively high standard of living, and there has been a steady increase in disposable income among the population. This allows individuals to allocate a greater portion of their income towards fitness services, gym memberships, personal training, and other related activities.

The Belgian government has taken initiatives to promote physical activity and improve public health. These initiatives include campaigns, subsidies, and policies that encourage individuals to engage in regular exercise and fitness activities, leading to the growth of the fitness service market.

Belgium Fitness Service Market by market structure

The Belgium Fitness Service market is segmented by market structure into organized and unorganized market structure.

Organized fitness service providers such as gyms, fitness centers, and boutique studios have been on the rise, driven by increasing health consciousness and the demand for professional fitness services. These organized establishments offer a structured and well-equipped environment, diverse fitness programs that attracts more customers.

Belgium Fitness Service Market by gender

The Belgium Fitness Service market is segmented by gender into male and female.

The industry has experienced an increasing interest in fitness among individuals of all genders, reflecting a balanced participation and demand.

The market caters to the needs and preferences of both males and females, offering a wide range of fitness services and facilities to accommodate diverse goals and interests but in 2022 male still dominates the market.

Belgium Fitness Service Market by Revenue stream

The Belgium Fitness Service market is segmented by revenue stream into membership, personal training and supplementary services.

On the basis of revenue model, the membership segment exhibited the highest growth in Belgium fitness market. Memberships generally form the core revenue stream for fitness service providers, offering recurring income and long-term commitment from customers. While personal training and supplementary services contribute less to revenue, the membership segment often represents a larger customer base and consistent source of income also.

Belgium Fitness Service Market by subscription

The Belgium Fitness Service market is segmented by subscription into 1 month, 3 months, 6 months, 1 year.

3 months subscription plan has the highest share as it budgets friendly for new joiners.

Belgium Fitness Service Market by session type

The Belgium Fitness Service market is segmented by session type into group and solo.

In 2022, group sessions gained popularity in the Belgium fitness service market due to their ability to foster a sense of community, motivation, and social interaction among participants. Not only are group sessions cost-effective, but they also provide the opportunity to accommodate a larger number of individuals, making them attractive to a broader audience.

Belgium Fitness Service Market by Payment Method

The Belgium Fitness Service market is segmented by Payment method into Card, Cash, Bank Transfer, Digital wallet and Others.

the dominant segment in the Belgium Fitness Service market is the "Digital wallet" segment. Digital wallets provide convenience, security, and ease of use for both customers and fitness service providers. They allow seamless transactions and eliminate the need for physical cards or cash.

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Competition Scenario in Belgium Fitness Service Market

The Belgium fitness service market is growing due to heightened health consciousness among its urbanized and young population. It is witnessing competition between traditional gyms and emerging digital fitness platforms, both striving to offer personalized and diverse training programs. The market is fragmented, featuring a mix of local and international brands that provide a range of services, including group classes and premium wellness experiences. Urban areas exhibit greater concentration and competition, due to better accessibility and affordability. Meanwhile, rural regions remain relatively unexplored, presenting potential avenues for growth. As digitalization progresses and demographics evolve, market competition is expected to intensify.

What is the Expected Future Outlook for the Overall Belgium Fitness Service Market Across the globe?

The Belgium Fitness Service market was valued at USD ~billion in 2022 and is anticipated to reach USD ~billion by the end of 2027F, witnessing a CAGR of ~% during the forecast period 2022-2027F. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.

The Belgium Fitness Service market is driven by increasing health awareness, rising obesity rates, technological advancements, corporate wellness programs, fitness tourism, changing lifestyles, and government initiatives.  However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.

Belgium's population stands around 11.5 million in 2023. A significant portion, nearly 65%, is aged between 15 and 64 years. This demographic, combined with a growing older population keen to maintain health and fitness, forms a substantial consumer base for the fitness industry which will led to market growth in the upcoming years.

With a GDP per capita of approximately $46,000 in 2023, Belgium ranks among the wealthiest countries in the world. High disposable incomes facilitate larger expenditures on health and fitness services, which will be a major growth driver for the market.

Belgium has a high urbanization rate, approximately 98% in 2023, resulting in easy access to fitness facilities and a propensity towards organized fitness services.

In Belgium, nearly 49% of adults were overweight or obese in 2023. This statistic is driving an increase in health consciousness, with many seeking fitness services to improve their health.

Belgium boasts an internet penetration rate of about 89% in 2023. This high connectivity provides a robust platform for online fitness services, including live-streamed classes and fitness apps.

Companies in Belgium are increasingly integrating wellness programs into their benefits packages. In 2023, approximately 40% of companies offered such programs to promote employee health and productivity.

For More Insights On Market Intelligence, Refer to the Link Below: –

Belgium Fitness Service Market Outlook to 2027F

Related Reports by Ken Research: –

France Fitness Services Market Outlook to 2027F

Germany Fitness Services Market Outlook to 2027F

4 factors to consider for assessing if you are rightly positioned to enter a new market?

 For companies seeking growth, entering a new market is indeed an appealing strategy.

Sometimes the new ventures offer far more opportunities from the segments currently served; while at other times the neighbouring markets are attractive because of the seemingly lower-risk opportunities they offer.

But whether distant or close in any sense, forays into new markets often present unforeseen challenges.

If you are unsure whether you have the right market positioning strategy or not, then it is essential you evaluate these four success factor – company uniqueness, current market position, competitor positioning analysis and lastly target customer segment.

Imported UPS Systems by Six Key Players Operating in the Market is Satisfying High Demand for UPS systems in the UAE: Ken Research

Increase in number of commercial establishments and amplifying data center market will escalate the demand for ups systems in the UAE
UAE UPS market is led by three players, APC by Schneider Electric, Vertiv/Emerson Network Power and Eaton. APC’s Smart-UPS Series is significantly popular within the SMB’s in the UAE due to which the company accounted for the highest share in the market during 2015. The company is dominant in below 20 KVA segment of the market. Vertiv on the other hand, has good presence in the above 40 KVA segment owing to which it has become the second largest player in the market during 2015. Other major players in the segment include Tripp Lite, Socomec and AEG Power solutions. As of 2015, there were 10-15 players operating in the UAE UPS market.

UAE UPS market thrives majorly from the import of tools from countries such as China, the Philippines, Germany, Italy, US, India, France, Slovakia and others. Almost all the manufacturers present in the industry are importing the products from these countries. None of the key players operating in the market is manufacturing their UPS systems domestically in the UAE. Majority of the manufacturers in the market have channel partners spread in different parts of the country.  Major companies such as APC, Eaton, Emerson Network Power/Vertiv and Tripp Lite have a distribution network consisting of two entities, Resellers and System Integrators.
Line interactive type has been the most popular UPS type in the UAE due to high reliability, ideal for rack/distributed servers and for harsh power environments. These types of UPS systems are demanded by majority of commercial establishments in the UAE due to which it has gathered the largest share in the market. Online systems followed line interactive systems due to its popularity among large organizations and data centers. Moreover, online systems are slightly more expensive considered to line interactive systems, resulting in high revenue generation. UPS systems of below 10 KVA ratings are the most demanded types of UPS systems in the UAE. Majority of SME’s in the UAE use UPS systems with KVA rating below 10.
According to Research Analyst, a new entrant should save the cost of setting up a manufacturing facility in the UAE and import its products as the custom duty on imports is 0%. Moreover, new company should channel efforts majorly towards UPS systems with 10 KVA or below rating as majority of commercial establishments in UAE demand UPS systems from this category. Furthermore, a new entrant should set up a large distribution network in the UAE. Without an extensive dealer presence, it is very difficult for a new entrant to establish a base in the market.
The report titled “UAE UPS Market Outlook to 2021 - Rising Number of SMBs and Enhancing Commercial Sector to Foster Growth” provides brief overview on the UPS Market and helps readers to identify the ongoing trends in the market and anticipated growth in future depending upon changing market dynamics in coming years. The report will help existing distributors, manufacturers along with end users in UPS division to align their market centric strategies according to ongoing and expected trends in the future.
For more information about the publication, refer to below link:
https://www.kenresearch.com/energy-and-utilities/power/uae-ups-market-report/80396-103.html
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