Sport
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
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.
Even though the 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.
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 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 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.
Israel fitness equipment market expanded with a steady-paced growth in between 2016 and 2021 with considerable expansion in commercial fitness centers in which low budget gyms and women centric fitness club dominated the market. Government initiatives such as National Program to promote Active, Healthy Lifestyle and Annual sponsored fitness events like Jerusalem Marathon and The Women Race" are taken up by the government to improve physical conditions of people coupled with rising health concerns such as obesity, diabetes and cardiovascular diseases due to unhealthy lifestyle, inclination of consumers to undertake online fitness sessions to enjoy exercisingin the comfort of their homes and as per their convenience are the major determinant to drive the growth of fitness equipment industry. Surging demand of fitness equipment suitable for home/residential purposes post COVID-19 is also contributing in the growth of fitness equipment market.
Egypt fitness equipment market expanded at a CAGR of ~9.1% in between 2016 and 2021 with considerable expansion in commercial fitness centers in which popular fitness centers and women centric fitness club dominated the market. Government initiatives such as National Sports Day and Annual sponsored fitness events like Marathon Cairo event, 100 Million Heath and "Your Bike, Your Health" campaign are taken up by the government to improve physical conditions of people coupled with rising health concerns such as obesity, diabetes and cardiovascular diseases due to unhealthy lifestyle, inclination of consumers to undertake online fitness sessions to enjoy exercisingin the comfort of their homes and as per their convenience are the major determinant to drive the growth of fitness equipment industry. Surging demand of fitness equipment suitable for home/residential purposes post COVID-19 is also contributing in the growth of fitness equipment market.
KSA fitness equipment market expanded with a CAGR of ~13.7% in between 2016 and 2021 with considerable expansion in commercial fitness centers in which popular fitness centers and women centric fitness club dominated the market. Government initiatives to launch women centric fitness centers in 2017 along with "Your Home, Your Gym" and "Quality of Life" campaign to improve physical conditions of people coupled with rising health concerns such as obesity, diabetes and cardiovascular diseases due to unhealthy lifestyle, inclination of consumers to undertake online fitness sessions to enjoy exercisingin the comfort of their homes and as per their convenience are the major determinant to drive the growth of fitness equipment industry. Surging demand of fitness equipment suitable for home/residential purposes post COVID-19 is also contributing in the growth of fitness equipment market.
The fitness market in Algeria is an underpenetrated market with one of the lowest penetration rate in the MENA market. Rising awareness about health risks of a sedentary lifestyle and adoption of tech innovations for connectivity and inventive training approaches are fueling the market growth . The participation of women is on the rise as trainers, fitness influencers, and entrepreneurs in fitness industry, thereby increasing the female memberships and employment.
Ankur Gupta , Head Marketing & Communications
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