UAE Fitness Equipment Market - Growth, Trends, and Forecasts till 2026

The market size on the basis of revenue generated is expected to grow at a five-year CAGR of ~XX% by 2026 with USD XX Million revenue. 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.

Research Methodology

Market Definitions and Assumptions:

'UAE Fitness Equipment Market': Fitness equipment market is defined as the revenue generated through sales of all types of mechanical and non-mechanical devices and apparatus used during physical activity, which directly or indirectly enhance the strength, conditioning and accessibility of the user. Fitness equipment can be classified into two broad categories: Cardiovascular Equipment and Strength Training Equipment. Fitness consumables such as accessories (belts, gloves), resistance bands, steppers, etc have not been included as a part of the market.
Cardiovascular equipment: is defined as primarily mechanized devices used to lose weight, enhance stamina levels and reduce stress. Some examples are - treadmills, stationary cycles, rowing machines, elliptical machine and stair climbers.
Strength training equipment: is defined as the set of mechanized and non-mechanized devices used to enhance physical strength and build muscles. Some examples are - dumbbells, kettlebells, barbells, weight plates, benches and body part specific weight training machines.
Fitness centers and Health Clubs: are defined as commercials establishments, which house fitness equipment for physical activities. Private Fitness Centers and Health Clubs are used for personal purposes or for the internal use by residents of housing complexes. Commercial Fitness Centers and Health Clubs offer paid services on a pay-per-use or paid subscription basis.
Fitness equipment distributors: are defined as business that procure products directly from manufacturers in the same geography and sell them directly to end users via retail outlet or to other retailer.
Importers on the other hand are businesses, which procure products from manufacturers or suppliers in other geographies for the purpose of wholesale or retail distribution.
Establishments: Number of Establishments are inclusive of all Commercial Gym Centers(Exclusive Gym Centers, Popular and local Gyms), Hotel Gyms, Gyms in Compounds and Residential Townships and Universities present in UAE.
Commercial A Gym Centers: are Exclusive/ Boutique Gyms providing Unique Class Concepts, Personal Customised Training and more individual attention to the clients.
Commercial B Gym Centers: are Popular Fitness Centers having Branches at Multiple Locations all over UAE. They have generally Huge target Audience and Provide Multiple Fitness training with Class Schedules.
Commercial C Gyms: are Local Gyms and Fitness Centers that have access to limited Gym Equipments and have 1-2 branches all over the country.
Hotels includes all the Hotels gyms that provides gym access to outsiders apart from their in-house guest through monthly, quarterly, half yearly and annual memberships.
Compounds and Universities will not generate Revenues as they are maintained by residential communities and university authorities. The gym facility is provided as an additional service to the members and the fees is included in the maintenance charges and college fees.
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Market Sizing Approach:

Hypothesis Creation: After analyzing the major industry factors a hypothesis is framed about the market size based on reports from magazines, journals, online articles, government, market association, industry articles and many others. We have used both public and proprietary databases to define the market and collect data points about the same.
Hypothesis Testing: The research team conducted computer assisted telephonic interviews (CATIs) with several industry professionals such as Fitness Equipment Distributors, Commercial Gym Center Procurement Managers, Equipment Manufacturers and Others to collect their insight and industry pattern about Fitness Equipment market.
Future Forecasting Methodology: The outlook of industry estimated was further sanity checked with respect to the interviews conducted with industry veterans, gym managers and C-level executives regarding all the important parameters of the fitness industry.
Market Assessment:

To derive the revenue of the Fitness Equipment Market in UAE, our team followed a streamlined approach which has been described below:

Primary interviews across UAE with Fitness Centres, Hotel Establishment, Real Estate Agents, Universities and other Industry Veterans etc. through CATI Mode. In this method, interviews are carried out by telephone and are guided by a questionnaire displayed on the screen of a computer. The interviewer records answers via the keyboard to correspond with the pre-coded responses displayed on the screen. The advantage of this method is that, there would be high accuracy as participants can clear their queries related to any questions and we can probe them on answers within the interview on a real time basis which would eliminate any chance of incorrect responses or biasness.
We ensure that all the questions have been duly inculcated and the desired outcome is achieved post the completion of the process.
The interview comprised of both subjective as well as objective questions to understand the industry challenges, growth drivers, price points, margins, overall market scenario and other relevant details.
Limitations and Future Conclusion:

Since the sports equipment market is import oriented with almost negligible share of domestic manufacturing, all the products are imported through multiple distributors and retailers in UAE. In this case, it is difficulty to sanity check the market and understand the total workforce involved in the fitness equipment industry. Hence, estimations have been provided based on the interviews conducted with multiple distributors in UAE.

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The fitness market is highly fragmented with multiple franchise and non-franchise outlets all across UAE providing multiple services and membership packages. For pricing analysis, we have considered single membership option which give access to all the activities and classes in the gym. Similar case has been considered for hotels and resorts gyms.
As the number of gyms in all establishments is quite high, we have considered 10-15% of the sample and conducted telephonic interviews as reaching out to each centre/ gym was out of scope of the analyst. Based on the information gathered from the sample, estimations have been provided in the research.
The conclusion regarding the expected value of 'UAE Fitness Equipment Market' is determined by using weighted average of the output of subjective judgment, primary research and opinions polls. The weighted average method enables us to filter out the possible noise in each computation method and helps us to derive the best possible future projections.
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
Time Period Captured in the Report:

Historical Period: 2016-2021
Forecast Period: 2021-2026F
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
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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