KSA Fitness Equipment Market Report 2022: Rising Health Issues, Government Initiatives & Hotel Launches to Drive Growth – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The report “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” has been added to from ResearchAndMarkets.com offer.

KSA Fitness Equipment Market Overview and Size

The fitness equipment market in Saudi Arabia grew with a CAGR of approximately 13.7% between 2016 and 2021, with a considerable expansion of commercial fitness centers in which popular fitness centers and fitness clubs centered on the women dominated the market. Government initiatives to launch female-focused fitness centers in 2017 as well as “Your Home, Your Gym” and “Quality of Life” campaigns to improve the physical conditions of people associated with rising health issues such as obesity, diabetes and cardiovascular diseases due to an unhealthy lifestyle, The trend of consumers to undertake online fitness sessions to enjoy exercise from the comfort of their homes is the main determinant of the growth of the fitness equipment industry.

Rising demand for fitness equipment suitable for home/residential purposes post COVID-19 is also contributing to the growth of the fitness equipment market.

KSA Fitness Equipment Market Future Outlook and Projections

The fitness equipment market is expected to expand at a five-year CAGR of roughly 18.7% from 2021 to 2026 based on revenue generated. The fitness equipment industry is expected to grow at a substantial rate owing to factors such as increasing health problems among the population suffering from non-communicable diseases i.e. obesity and chronic diseases due to a mode unhealthy lifestyle, the creation of organized fitness centers with diversified services along with various government initiatives such as “Quality of Life” and “Your Home, Your Gym campaign” to encourage people to regularly engage in physical activities and fitness.

Along with this, drivers such as the launch and expansion of nearly 163 hotel and resort projects such as Hyatt and Radisson by the end of 2030, as planned, will also contribute to the increase in the demand for fitness equipment in these facilities.

The market is set to gain momentum with the increase in the number of women-centric health clubs and fitness centers incorporating state-of-the-art equipment to meet changing health patterns and consumer demands. . On the other hand, high cost of installation or installation of devices or equipment and growing demand for resale of used fitness equipment to reduce cost is hampering the growth of the market during the aforementioned forecast period.

Key Segments Covered in KSA Fitness Equipment Industry:

KSA Fitness Equipment Market

By type of end user

  • Private sports centers and health clubs

  • Commercial fitness centers and health clubs

  • House

  • Office & Hotels

  • The universities

By foreign and domestic manufacture

By customer type

  • Business entities (B2B)

  • Individuals (B2C)

KSA Fitness Equipment Industry Players/Ecosystem:

  • Manufacturers

  • Distributors

  • Importers

  • Retailers

  • Commercial fitness centers

  • Private fitness centers

  • Hotels and resorts

  • Associations

Main topics covered:

1. Summary

2. Socio-demographic and economic landscape of Saudi Arabia

3. KSA Fitness Equipment Market Overview

4. KSA Fitness Equipment Industry Overview

5. KSA Fitness Equipment Market Size on the basis of Revenue, 2016 – 2021

6. KSA Fitness Equipment Market Segmentation, 2021

7. Industry Analysis

8. Competitive Landscape of KSA Fitness Equipment Market

9. Demand Side: End User Analysis

10. KSA Fitness Equipment Market Future Prospects and Projections Based on Revenue, 2021-2026E

11. Analyst Recommendations

12. Research Methodology

Companies cited

  • Cybex

  • Precor

  • Assault Fitness

  • fit life

  • sci fit

  • sports art

  • Total gym

  • Lifetime

  • Nordic track

  • Bow bending

  • Delta Fitness

  • KAAS Group

  • Well-being first

  • HealthLines Fitness Equipment

  • Athleco

  • SPORTA

  • In shape one

  • fitness lines

  • Profit

  • High level company

  • Zaina International

  • Reza

  • Alesayi

  • Drake & Scull

  • Weatherford

  • Modern Scientific and Electronic Society

  • Sun and sand sports

  • U-Mark Sport

  • Active fitness store

  • sports world

  • El-Faleh

  • Commercial fitness centers

  • fitness time

  • Fitness Diva

  • Arena

  • gold gymnasium

  • Naked Yu Fitness

  • Fifty Five Studio

  • Private fitness centers

  • EMAAR Saudi Arabia

  • Alaqeeq Holding

  • Aramco

  • bupa saudi

  • Al Fanar

  • RTCC

  • Astra build

  • Intercontinental Hotels and Resorts

  • Hotel Melissa

  • holiday hostel

  • Four Points by Sheraton

  • The Ritz-Carlton

  • Marriott

  • Novotel

  • Crown Plaza

  • Ministry of Industry and Commerce

  • Ministry of Sports

  • Ministry of Environment, Water and Agriculture

For more information about this report visit https://www.researchandmarkets.com/r/1t9ry9

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