UAE Fitness Equipment Market Industry Analysis, Share, Size, Forecast and Growth Rate 2026: Ken Research

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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. Insights 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.
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. Further report also focuses on the UAE Fitness Equipment Market Segmentation by Type of End User (Such as Commercial Fitness Centers and Health Clubs, Private Fitness Centers and Health Clubs, Office and Hotels, 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). UAE 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.

UAE Fitness Equipment Market Overview and Size

UAE fitness equipment market witnessed strong growth between 2016 and 2021 with considerable expansion in commercial fitness centers in which boutique and women centric fitness center dominated the market along-with growth in home-based fitness equipment industry. The factors such as rapid urbanization with influx of foreign population, rising disposable income of the consumers, rising health concerns such obesity, diabetes and cardiovascular diseases due to unhealthy lifestyle, inclination of consumers to undertake online fitness sessions to enjoy exercising in the comfort of their homes and as per their convenience collaborated with home-based fitness equipment post pandemic along-with various government initiatives and corporate wellness program are the major factors driving the growth of fitness equipment market. In 2020, fitness equipment industry experienced a temporary downfall owing to the impact of COVID-19 on industry leading to closure of the fitness centers and health clubs due to country lockdown. With mandatory protocol such as to avoid physical contact and maintenance of social distancing to prevent the transmission of virus restrained a major chunk of population from availing fitness services in fitness centers and health clubs. These factors have however led to increased demand of home-based fitness equipment as people preferred to follow fitness regimes at their home to ensure safety.

Also, increased awareness on health and hygiene followed by the advent of COVID-19 is acting as a catalyst for the shift in consumer's preference towards availing digitally connected solutions for their fitness routine.

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UAE Fitness Equipment Market Segmentation

By Type of End User (Such as Commercial Fitness Centers and Health Clubs, Private Fitness Centers and Health Clubs, Office and Hotels, Universities): Commercial fitness centres accounted for the highest market share among all other types of end users on the basis of revenue generated in the year 2021. Boutiques and medium sized fitness centres dominates the sector. Private fitness centres and health clubs accounted the second highest share.

By location of manufacturing (Foreign and Domestic Manufacturing): Foreign fitness equipment accounted for the highest market share as compared to the locally manufactured (domestic) fitness equipment on the basis of revenue generated in 2021.

Domestically manufactured fitness equipment have low penetration in foreign markets due to lack of advancement required in fitness equipment by urban population.

By Type of Customer (B2B and B2C): Sales of fitness equipment through B2B channel accounted for the highest share on the basis of revenue in 2021, attributed to the surging establishments of commercial and hotel-based fitness centres demanding advanced fitness equipment.

Competitive Landscape in UAE Fitness Equipment Market

'UAE Fitness Equipment Market' is highly fragmented. The market has been swelled with unorganized fitness centers which majorly do not offer diversified services and broadly focuses on gym exercises due to less availability of space and low membership subscription charged. It has few major organized fitness service centers with their own brand chains which have approximately fewer outlets along with many other fitness centers which are under category of unorganized fitness service centers. Major competition is being driven through specialty in services and providing additional diversified value-added services like Pilates, Zumba, Martial Arts, Spa, Jacuzzi, salon, aqua aerobics, yoga & others which increase the member participation in fitness centers. Companies are focusing on launching differentiated products with innovative advancements in fitness equipment to solidify their position and capture a large market share

A notable shift in consumer preference post COVID-19 has contributed in the emergence of online ecosystem. The expanding virtual fitness market will spur the demand for high-quality fitness equipment that can be easily installed at homes. In response to the growing home fitness equipment industry, market players are launching digitally connected solutions for consumers. Therefore, one of the important areas of competition would be the online visibility of players in coming years.

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UAE Fitness Equipment Market Future Outlook and Projections

The market size on the basis of revenue generated is expected to grow at a five-year CAGR of ~3.2% by 2026. It is anticipated that fitness equipment industry will grow at a substantial rate owing to factors such as surging urbanization, rising prevalence of population with obesity and chronic diseases due to unhealthy lifestyle, establishment of organized fitness centers with diversified services along with increasing government initiatives and corporate wellness programs.

The market is poised to gain significant traction with the rise in the number of health clubs and fitness centers incorporating advanced equipment catering to the changing health patterns and consumer demands.

On the other hand, high set up or installation cost of devices or equipment and rising demand for resale of used fitness equipment for saving cost are estimated to obstruct the market's growth within the above-mentioned forecast period.

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
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

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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
Gym Care
Irma Fitness
Major Importers
Sport Links LLC,
Leader Sport
Major Retailers
Active Fitness Store
Pro Sports
Sports Planet
Garner Fitness Supplies
Sam Sports
Fitness Power House
Major Healthcare Facilities
Burjeel Hospital,
Health point
International Knee and Joint Centre
Zulekha Hospital
Health Square
Cambridge Rehabilitation Centre.
Major Commercial Fitness Centres
UFC Gym
Gym Nation
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
For More Information on the research report, refer to below link: -

https://www.kenresearch.com/healthcare/general-healthcare/uae-fitness-equipment-market-outlook-to-2026/524044-91.html

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