In a health and fitness club, members pay to work out on equipment arranged in a specific order, receive dietary guidance from certified fitness professionals, and meet their health goals in a physical setting. These clubs offer lots of space for working out, as well as circuit and functional training areas, yoga studios, meditation areas, indoor running tracks, and more. The significance of one's physical, mental, and spiritual well-being is becoming more and more apparent to young people and millennials. They are willing to pay dues to these clubs in order to meet their medical needs.
UAE Health and Fitness Club Market Driving Factors and Challenges
Drivers: Numerous factors have contributed to the growth of the industry, such as the large sums of money that businesses have spent on marketing and brand promotion, including newspaper and television ads, celebrity endorsements, and promotions to maintain the visibility of fitness centers. Another factor that has helped the industry thrive is the growing population, with the age group of 15 to 64 years old constituting the largest end-user segment. The demand for fitness centers in the United Arab Emirates is primarily driven by a growing number of health-conscious people, a rise in disposable income, increased awareness of obesity, and a desire to combat health conditions like diabetes, hypertension, and cardiovascular diseases.
The market growth is being restricted by high membership costs and an increasing preference for at-home workouts.
Health and fitness clubs can find it difficult to attract lower-class members due to their expensive membership costs. Further impeding their appeal to those with tight budgets or financial limitations is the fact that these clubs usually charge quarterly or monthly dues for membership. Due to time constraints and expensive membership fees, a growing number of people opt to work out or exercise at home with simple equipment and workout videos. To keep fit and healthy, many people are also choosing non-traditional options like running, rock climbing, hiking, dieting, and cycling, which is having a negative impact on the trends in the global health and fitness club market.
Impact of COVID-19 on UAE Health and Fitness Club Market
A novel coronavirus outbreak has resulted in the complete closure of fitness and health centers. The fitness sector was the first to enter lockdown and will remain the last to emerge. This has influenced the fitness industry's sales. On the other hand, as physical health clubs close, the online health and fitness club industry is growing. Because working from home has become the new normal, more people are investing in online fitness courses, which is driving market growth during the pandemic. The pandemic is having an impact on the supplement industry as well. For those who are interested in developing muscle, protein supplements are regarded as a healthy meal substitute.
UAE Health and Fitness Club Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Fitness 360, Fitness First, Fitness Terminal, Fitness Time, Gold Gym, Lifeline Wellness, Target Gym, Others
UAE Health and Fitness Club Market Segmentation:
By Market Structure: Based on the Market Structure, UAE Health and Fitness Club Market is segmented as; organized, and Unorganized.
By Subscription Period: Based on the Subscription Period, UAE Health and Fitness Club Market is segmented as; 1 months, 3 months, 6 months, 1 year.
By Region: This research also includes data for Dubai, Abu Dhabi, Sharjah, Others.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.