Press release
KSA Fitness Equipment Market is expected to expand at a CAGR of ~18.7% on the basis of Revenue in between 2021-2026: Ken Research
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.
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Industry Research Report Of KSA Fitness Equipment
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.
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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)
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
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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
https://www.kenresearch.com/healthcare/general-healthcare/ksa-fitness-services-market/479038-91.html
https://www.kenresearch.com/healthcare/general-healthcare/israel-fitness-services-market/479034-91.html
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Ken Research
Ankur Gupta, Head Marketing & Communications
support@kenresearch.com
+91-9015378249
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Ken Research is a research based management consulting company. We provide strategic consultancy to aid clients on critical business perspective: strategy, marketing, organization, operations and technology transformation, advanced analytics, corporate finance, mergers & acquisitions and sustainability across all industries and geographies. We provide business intelligence and operational advisory across 300+ verticals underscoring disruptive technologies, emerging business models with precedent analysis and success case studies. Some of top consulting companies and Market leaders seek our intelligence to identify new revenue streams, customer/ vendor paradigm and pain points and due diligence on competition.
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