Saudi Arabia Fitness Equipment Market Overview, 2027

Saudi Arabia Fitness Equipment Market Overview, 2027

Bonafide Research 27-07-2022 65 Pages Figures : 9 Tables : 24
Region : MEA Country : Saudi Arabia Category : Consumer Goods & Services Appliances & Equipment

"In Saudi Arabia, gyms and fitness facilities are becoming more and more popular. A broad variety of contemporary fitness centres with cutting-edge exercise machines, weightlifting equipment, cardio machines, and functional training equipment are available in major cities including Riyadh, Jeddah, and Dammam. With separate areas or designated hours for each gender, some businesses serve both men and women. To promote health and wellness, Saudi Arabia holds a number of fitness-related events and contests. Marathons, cycling competitions, physical challenges, and bodybuilding contests are some of these occasions. They promote a sense of community and healthy competition and draw competitors and spectators from many regions of the nation. Greater inclination towards fitness and workout, especially among the younger generation, healthcare centres, and homebound consumers who seek healthy living are the critical factors driving up the demand in the fitness equipment market of Saudi Arabia. A positively good rate of growth of the youth population is bringing about a great wave of fitness consciousness in Saudi Arabia. The varied uses of fitness equipment allow users to perform exercises related to physical wellbeing, weight management, stamina, and core strength. Rapid urbanization and increasing health awareness amongst the people are expected to drive the global market. According to the research report ""Saudi Arabia Fitness Equipment Market Overview, 2027,"" published by Bonafide Research, the Saudi Arabia Fitness Equipment market was valued at more than USD 218 Million in 2021 The fitness equipment market in Saudi Arabia has boomed primarily because of ease in the laws for women, where, unlike earlier when gyms and physical fitness centres were primarily driven by the male population, women-specific gyms have been started and are witnessing tremendous growth—effected by changing outlook, lifting bans imposed on women population, progressive mindsets and overall health consciousness. Expansion of service portfolio along with the launch of fitness service centres in organized as well as unorganized the fitness services sector, alarming rise in cases of ailments such as cardiac issues, diabetes, and asthma, with increasing rate of obesity are key factors driving the market growth. The youth population in Saudi Arabia has increased steadily, which in turn has resulted in significant increase in the fitness-center-going population. An increase in the consciousness about personal health has propelled the momentum of market growth. The growth of the population inspired by health and fitness regimes, the initiative of the government in constructing more parks, running lanes, and cycling lanes for the public to support and promote a healthy lifestyle has brought about a significant positive change in the mindsets of people towards fitness that has encouraged regular participation of people in gyms. Rights of women in Saudi Arabia countries are still on a prudential side, and hence the ratio of women going to commercial gyms and health clubs being low as compared to males. On the contrary, with positive changes in lifestyle, mentality and health consciousness in addition to the lifting of bans on women, the situation is gradually changing. The demand for female-specific fitness centres is gradually rising, opening newer doors for the fitness equipment market. It has acquired the importance of being an integral part of their lives. While there was already a demand for male-specific fitness equipment, there is a strong demand for female-specific services creating an upward-trending demand for female-specific equipment which is anticipated to continue in the future. A wider customer base is generated as a result of lower fees charged by unorganized centres, thus boosting the market. Many Saudis are buying home exercise gear to set up private gym areas in their homes. Convenience, privacy, and the need for a reliable fitness routine are the driving forces behind this movement. People who like to exercise at home are in demand for home fitness equipment like treadmills, exercise cycles, and strength training devices. Saudi Arabia has traditional cultural and social traditions, which could have an effect on the exercise equipment market. For instance, severe clothing restrictions and gender segregation regulations in some environments can affect the creation and promotion of workout equipment. Although women's access to fitness facilities has improved in recent years, there are still limitations and challenges. Some areas may have a scarcity of women-only fitness centers or limited operating hours for women. This can affect the demand for fitness equipment targeted specifically at women and the growth of the market. Despite rising demand for fitness equipment in Saudi Arabia, the COVID-19 epidemic has caused bottlenecks in supply chain operations as well as in sales pipelines and industry pipelines. Commercially speaking, male-only health clubs and gyms further expand the product market. The majority of the fitness equipment market is made up of these businesses. Even so, it is anticipated that this share will decline as COVID-19 develops. Consumers who have the coronavirus are now confined to their homes, and social isolation rules have long discouraged gym use. As a result, market share may change from commercial to non-commercial. Due to a rising emphasis on health and wellness among its populace, Saudi Arabia has an expanding market for fitness equipment. An overview of the Saudi Arabian market for fitness gear that Market Development Saudi Arabia has seen a steady increase in the demand for fitness equipment in recent years. The industry has grown as a result of elements like improved fitness awareness, government programmes encouraging an active lifestyle, and the expansion of fitness facilities. Considered in this report • Geography: SAUDI ARABIA • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • Saudi Arabia Fitness Equipments market with its value and forecast along with its segments • Country-wise Fitness Equipment’s market analysis • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Type • Cardiovascular • Strength By Cardiovascular Equipments • Cross-country ski machine • Elliptical trainers • Rowing machines • Stair-steppers • Stationary bicycle • Treadmill • Others By Strength Equipments • Hydralulic equipments • Weight plates • Dumbbells • Resistance band & tubes • Others By End Users • Commercial • Residential The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Fitness Equipments industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry. "

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