The GCC Fitness Equipment Market was estimated at US$ XX Million in 2022 and is expected to reach US$ XX Million by the end of 2032 with a CAGR of XX during the forecast period.
Fitness equipment is any gear or apparatus used during physical activity to improve the experience or outcomes of a workout by enhancing the benefits of strength or conditioning. Because they aid in maintaining general fitness, enhancing flexibility, muscle strength, and cardiovascular and pulmonary health, these goods are frequently utilised. Numerous institutions in GCC have urged individuals to engage in regular physical activity as the importance of fitness has increased in recent years.
Growing Physical Health Concerns to Assist Market Growth
Hectic work schedules and an increase in health difficulties have driven people to engage in some type of exercise on a regular basis in order to stay healthy and prevent health-related issues, raising the need for fitness equipment. Regular physical activity can lower the risk of numerous diseases while also improving the overall quality of life. Fitness training establishments are expanding rapidly as a result of global health concerns. Furthermore, obesity is a serious worry in industrialised countries, raising the importance of the physical activity to avoid obesity-related disorders. This fact has a significant impact on the demand for GCC Fitness Equipment Market.
Covid-19 Pandemic contributed to an increase in Demand for Home Fitness
The rise in consumer health consciousness as a result of the prevalence of hazardous diseases such as COVID-19, as well as the rising incidence of cardiovascular diseases, diabetes, and osteoarthritis, are major global issues. Unhealthy diet and physical inactivity are the two most important behavioural risk factors for heart disease and stroke. As a result, many are turning to gyms and health clubs or exercising at home. An increasing inclination for a healthy and active lifestyle is now driving the GCC fitness equipment market, which has also resulted in an increase in the number of health and fitness clubs worldwide. The rising level of disposable income and expanding urbanisation are the primary market drivers that would propel the Fitness Equipment market forward.
Increased Use of E-Commerce Platforms and Smartphones to Support Market Growth
In the modern world, people depend on their smartphones for communication, grocery shopping, doctor consultations, self-fitness monitoring and many more things. Many people cant picture their lives without their smartphones. People prefer to exercise at home in their own time rather than go to gyms or fitness clubs. As a result, the fitness app serves as a link between people who use their fitness app to receive fitness schedules, diet plans, and exercises, among other things. More individuals are using smartphones in their daily lives as countries improve and develop technologically. Furthermore, rising urbanisation, as well as the rise of the fitness industry in both developing and developed nations, are important factors driving the growth of the GCC Fitness Equipment market.
High Cost of Fitness Equipment will Stifle Market Growth
Some fitness equipment accessible at very expensive prices, particularly for middle and low-income people in developing and underdeveloped countries, operates as a growth constraint of the GCC Fitness Equipment Market. The price of high-tech exercise equipment and fitness wearable devices has risen as a result of technical innovation. Incorporating various features such as high-quality display, greater power efficiency, additional vitals tracking, wireless connectivity, and enhanced software, among others, directly raises the original cost of the exercise equipment and fitness device. The use of wearable gadgets by various customers is boosting their expenditure on fitness healthcare. Increased application coverage by wearable devices increases demand, which directly contributes to its high cost.
UAE Accounts for a Major Share of the Fitness Equipment Market Growth Across GCC Countries.
The UAE is the GCC regions largest and most promising market for fitness equipment. In contrast to other Middle Eastern countries, the UAE boasts a more open culture. The presence of a large ex-pat population, as well as a growing population, has attracted national and worldwide fitness corporations to invest in this industry. Rising disposable money and rising health concerns are driving the expansion of health clubs and gyms across the country. Furthermore, the growing wellness tourism business has resulted in the UAEs emergence as a significant leisure and entertainment destination. Additionally, government initiatives and the availability of fitness centres with subsidised memberships in residential and commercial buildings would drive the GCC fitness equipment market projection period growth in the approaching years.
Recent Strategic Developments
• In October 2021, Horizon Fitness and RS Fitness collaborate on a new functional training concept.
• In October 2021, RS Fitness announced the addition of Wattbike to their commercial fitness product line, which is sold throughout the Middle East region.
Years considered for this report
• Historical Years: 2019-2021
• Base Year: 2021
• Forecast Period: 2022-2032
GCC Fitness Equipment Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/ projections/ forecast for revenue and unit sales (2022 - 2032)
• Data breakdown for application Industries (2022 - 2032)
• Integration and collaboration analysis of companies
• Capacity analysis with application sector breakdown
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategies adopted by emerging companies
Industry Segmentation and Revenue Breakdown
Equipment Analysis (Revenue, USD Million, 2022 - 2032)
• Strength Training Equipment
• Cardiovascular Training Equipment
• Fitness Monitoring Equipment
• Body Composition Analyzers
• Others
Distribution Channel Analysis (Revenue, USD Million, 2022 - 2032)
• Specialty Stores
• Online Retail
• Sport Stores
• Others
Country Type Analysis (Revenue, USD Million, 2022 - 2032)
• Saudi Arabia
• Oman
• Kuwait
• UAE
• Qatar
• Bahrain
Key Companies
• AKI Fitness
• MEFITPRO
• Falaknaz Sports
• RS Fitness LLC
• Gymcare
• Irma Fitness
• Active Fitness Store
• Pro Sports
• SportsPlanet
• Garner Fitness Supplies
• Sam Sports
• Fitness Power House
Available Versions of Fitness Equipment Market Report:
Global Fitness Equipment Market Research Report
Europe Fitness Equipment Market Research Report
Asia Pacific Fitness Equipment Market Research Report
India Fitness Equipment Market Research Report
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