- Launch and expansion of approximately 163
hotel projects such as Radisson and Hyatt as envisaged by 2030, is expected
to act as a catalyst for the increased demand of fitness equipment
required at their respective fitness facilities
- Consumers shifting preference towards availing
digital fitness services followed by the advent of COVID-19 will
positively contribute in accelerating the demand of home based fitness
equipment such as yoga mats, resistance bands and dumbbells along
with exercise bike, elliptical and treadmills in coming years
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 are 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.
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
- By Type of End User
- Private Sports Centers & Health Clubs
- Commercial Fitness Centers & Health Clubs
- Home
- Office & Hotels
- Universities
- By Import and Foreign Manufacturing
- Domestic
- Foreign
- By Type of Customer
- Business Entities (B2B)
- Private Individuals (B2C)
Request For Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTI0MDQ4
- KSA Offline Fitness Market Assessment
- Commercial (Exclusive/Boutique Centers,
Popular Fitness Centers, and Local Gyms & Fitness Clubs)
- Hotels and Resorts (5 Star Hotels &
Resorts, 4 Star Hotels & Resorts, and 3 Star Hotels & Resorts or
Less)
- Fitness Equipment
Import and Export Scenario on the basis of Revenue, By Country, 2016-2020
- Market Share of
Major Distributors selling Cardio Vascular and Strength Training Equipment
on the basis of Revenue, 2021
- Key Demand Clusters
for Fitness Equipment, By Region, 2021
- KSA Fitness and
Health Industry
- Target Addressable
Market and Service Addressable Market in KSA Health and Fitness Industry
Key Target
Audience
- Fitness Equipment Manufacturers
- Fitness Equipment Distributors
- Fitness Equipment Retailers and Importers
- Commercial and Private Fitness Centers
- Hotels & Resorts
- Government Bodies
Time Period
Captured in the Report:
- Historical Period: 2016-2021
- Forecast Period: 2021-2026F
Saudi Arabia Fitness Equipment Import Export
Companies
KSA Fitness
Equipment Industry Players/Ecosystem
- Manufacturers
- Cybex
- Precor
- Assault Fitness
- Life Fitness
- Sci Fit
- Sports Art
- Total Gym
- Life Span
- Nordic Track
- Bow Flex
- Distributors
- Delta Fitness
- A.A.S Group
- Wellness First
- HealthLines Fitness Equipment
- Athleco
- SPORTA
- Fit One
- Fitness Lines
- Pro Fit
- Top Level Co
- Importers
- Zaina International
- Reza
- Alesayi
- Drake & Scull
- Weatherford
- Modern Scientific and Electronic Corporation
- Retailers
- Sun & Sand Sports
- U-Mark Sport
- Active Fitness Store
- Sports World
- El Faleh
- Commercial Fitness Centers
- Fitness Time
- Diva Fitness
- Arena
- Gold’s Gym
- Nu Yu Fitness
- Studio Fifty Five
- Private Fitness Centers
- EMAAR Saudi Arabia
- Alaqeeq Holding
- Aramco
- Bupa Arabia
- Al Fanar
- RTCC
- Astra Construction
- Hotels & Resorts
- Intercontinental Hotels & Resorts
- Melissa Hotel
- Holiday Inn
- Four Points by Sheraton
- The Ritz Carlton
- Marriott
- Novotel
- Crowne Plaza
Key Topics
Covered in the Report
- Socio Demographic and Economic Outlook of
Saudi Arabia
- Overview of Fitness Equipment Market in KSA
- Ecosystem of KSA Fitness Equipment Market
- Value Chain Analysis of KSA Fitness Equipment
Market
- Operating Model of Fitness Equipment
Distributors in KSA
- KSA Fitness Equipment Market Size on the basis of Revenue
- KSA Offline Fitness Market Assessment
- Trends and Developments
- Government Initiatives in the Fitness Sector
- Economic Impact of Fitness Centers in KSA
(Direct and Indirect)
- Impact of COVID-19 on Fitness Industry in KSA
- Fitness Equipment Manufacturers in Saudi Arabia
- Key Demand Clusters for Fitness Equipment in
KSA, By Region
- Identifying the Customer Cohorts in KSA Health
and Fitness Market
- Customer Decision Making Factors Fitness
Centers
- Customer Mind-set for Fitness in KSA
- Analyst Recommendations
Related
Reports
Contact Us:-
Ken
Research
Ankur
Gupta, Head Marketing & Communications
+91-9015378249
