KSA Fitness Equipment Market Report 2022: Featuring Key Players Life Fitness, Active Fitness Store, Marriott & Others
Dublin, Aug. 04, 2022 (GLOBE NEWSWIRE) -- The "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 centres" report has been added to ResearchAndMarkets.com's offering.
KSA Fitness Equipment Market Overview and Size
KSA fitness equipment market expanded with a CAGR of ~13.7% in between 2016 and 2021 with considerable expansion in commercial fitness centers in which popular fitness centers and women centric fitness club dominated the market. Government initiatives to launch women centric fitness centers in 2017 along with "Your Home, Your Gym" and "Quality of Life" campaigns to improve physical conditions of people coupled with rising health concerns such as 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 are the major determinants to drive the growth of fitness equipment industry.
Surging demand of fitness equipment suitable for home/residential purposes post COVID-19 is also contributing in the growth of 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 ~18.7% in between 2021 and 2026 on the basis of revenue generated. It is anticipated that fitness equipment industry will grow at a substantial rate owing to factors such as the rising health concerns among population suffering from non-communicable diseases namely, obesity and chronic diseases due to unhealthy lifestyle, establishment 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 themselves in physical and fitness activities.
Coupled with that, determinants such as the launch and expansion of nearly 163 hotel and resort projects such as Hyatt and Radisson by the end of 2030 as envisaged, will also contribute in the increased demand of fitness equipment at these facilities.
The market is poised to gain significant traction with the rise in the number of women centric 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 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 Foreign and Domestic Manufacturing
Domestic
Foreign
By Type of Customer
Business Entities (B2B)
Private Individuals (B2C)
KSA Fitness Equipment Industry Players/Ecosystem:
Manufacturers
Distributors
Importers
Retailers
Commercial Fitness Centers
Private Fitness Centers
Hotels & Resorts
Associations
Key Topics Covered:
1. Executive Summary
2. Socio Demographic and Economic Landscape of KSA
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. Future Outlook and Projections of KSA Fitness Equipment Market on the basis of Revenue, 2021-2026E
11. Analyst Recommendations
12. Research Methodology
Companies Mentioned
Cybex
Precor
Assault Fitness
Life Fitness
Sci Fit
Sports Art
Total Gym
Life Span
Nordic Track
Bow Flex
Delta Fitness
K.A.A.S Group
Wellness First
HealthLines Fitness Equipment
Athleco
SPORTA
Fit One
Fitness Lines
Pro Fit
Top Level Co
Zaina International
Reza
Alesayi
Drake & Scull
Weatherford
Modern Scientific and Electronic Corporation
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
Intercontinental Hotels & Resorts
Melissa Hotel
Holiday Inn
Four Points by Sheraton
The Ritz Carlton
Marriott
Novotel
Crowne Plaza
Ministry of Industry and Commerce
Ministry of Sport
Ministry of Environment, Water and Agriculture
For more information about this report visit https://www.researchandmarkets.com/r/lykdab
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