Saudi Arabia Fitness Equipment Market Growth, Size, Trends, Demand, Revenue and Future Outlook
Saudi Arabia Fitness Equipment Market Size- By Type, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Oct-2023 | Report ID: MACH2352 | Pages: 1 - 104 | Formats*: |
| Category : Equipment and Machinery | |||
Saudi Arabia Fitness Equipment Market Introduction and Overview
According to SPER Market Research, the Saudi Arabia Fitness Equipment Market is estimated to reach USD XX billion by 2033 with a CAGR of 13.9%.
The report includes an in-depth analysis of the Saudi Arabia Fitness Equipment Market, including market size and trends, product mix, distribution channels, and supplier analysis.The word "fitness equipment" refers to tools and equipment that are especially made to help people exercise and maintain their physical activity. These tools promote the health, strength, and flexibility of our bodies. Similar to how we go to school to learn new things and broaden our knowledge, using exercise equipment is like going to the gym so that our bodies can get stronger and fitter.
- Echelon Fitness, a US-based maker of smart fitness equipment, expanded its operations in Kuwait, the UAE, and Saudi Arabia in February 2022.
Market Opportunities and Challenges
Saudi Arabia Fitness Equipment market offers a variety of opportunities and challenges. Health Research Policy and Systems estimates that non-communicable illnesses account for 73% of all fatalities in Saudi Arabia, with cardiovascular diseases accounting for 37% of these, cancer accounting for 10%, diabetes accounting for 3%, respiratory diseases accounting for 3%, and other NCDs accounting for 20%. Saudis are becoming more health concerned due to the alarming rise in the prevalence of numerous chronic ailments. As a result, individuals are spending more money on fitness equipment that encourages them to work out consistently without skipping a beat. The Saudi Arabian home fitness equipment market is predicted to develop throughout the forecast period as a result.
However, the market for Fitness equipment in Saudi Arabia may be seriously restricted by the exorbitant price of high-end fitness equipment. A decent treadmill, for instance, costs about $1,000. A rowing machine typically costs between $1,000 and $2,000 USD. This might prevent some people from buying home workout equipment, particularly those in middle- and lower-income brackets. The availability of commercial gyms, gym memberships, and gym subscriptions could also pose a barrier to the expansion of Saudi Arabia's home exercise equipment industry.
Market Competitive Landscape
The Fitness equipment market in Saudi Arabia is only somewhat consolidated. In no particular order, some of the major players include Amer Sports, BRUNSWICK CORPORATION, Core Health & Fitness LLC, Fitness EM, Icon Health and Fitness.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Type, By End User |
| Regions covered | Eastern Region, Southern Region, Western Region, Northern Region |
| Companies Covered | Amer Sports, BRUNSWICK CORPORATION, Core Health & Fitness LLC, Fitness EM, Icon Health and Fitness, Johnson Health Tech Co., Nautilus Inc. |
COVID-19 Impact on Saudi Arabia Fitness Equipment Market
The Saudi Arabian fitness equipment market had considerable development potential as a result of the COVID-19 pandemic epidemic. In order to protect oneself from contracting viruses or other sorts of lifestyle diseases, citizens' awareness of their health has increased. The Saudi government's lockdown, however, prevented individuals from exercising in gyms because it stopped all gym operations there. Due to this, home workout equipment significantly surpassed outdoor gyms in popularity. Additionally, using home exercise equipment while exercising maintained social seclusion and stopped the spread of infections. All of these elements indicate that the market will prosper after COVID-19.
Key Target Audience
- Fitness Enthusiasts
- Gym and Fitness Center Owners
- Personal Trainers
- Healthcare Facilities
- Educational Institutions
- Corporate Offices
- Hotels and Resorts
- Government and Public Organizations
Our in-depth analysis of the Saudi Arabia Fitness Equipment Market includes the following segments:
| Type: | |
| By End User: |
Key Topics Covered in the Report
- Saudi Arabia Fitness Equipment Market Size (FY’2023-FY’2033)
- Overview of Saudi Arabia Fitness Equipment Market
- Segmentation of Saudi Arabia Fitness Equipment Market By Type (Cardiovascular Training Equipment, Strength Training Equipment, Other Equipment)
- Segmentation of Saudi Arabia Fitness Equipment Market By End User (Home Consumer, Health Clubs/Gyms, Others)
- Statistical Snap of Saudi Arabia Fitness Equipment Market
- Expansion Analysis of Saudi Arabia Fitness Equipment Market
- Problems and Obstacles in Saudi Arabia Fitness Equipment Market
- Competitive Landscape in the Saudi Arabia Fitness Equipment Market
- Impact of COVID-19 and Demonetization on Saudi Arabia Fitness Equipment Market
- Details on Current Investment in Saudi Arabia Fitness Equipment Market
- Competitive Analysis of Saudi Arabia Fitness Equipment Market
- Prominent Players in the Saudi Arabia Fitness Equipment Market
- SWOT Analysis of Saudi Arabia Fitness Equipment Market
- Saudi Arabia Fitness Equipment Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the Saudi Arabia Fitness Equipment Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Saudi Arabia Fitness Equipment Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Saudi Arabia Fitness Equipment Market
7. Saudi Arabia Fitness Equipment Market, By Type (USD Million)
7.1. Saudi Arabia Fitness Equipment Market Value Share and Forecast, By Type, 2023-20337.2. Cardiovascular Training Equipment7.3. Strength Training Equipment7.4. Other Equipment
8. Saudi Arabia Fitness Equipment Market, By End User (USD Million)
8.1. Saudi Arabia Fitness Equipment Market Value Share and Forecast, By End User, 2023-20338.2. Home Consumer8.3. Health Clubs/Gyms8.4. Others
9. Saudi Arabia Fitness Equipment Market Forecast, 2019-2033 (USD Million)9.1. Saudi Arabia Fitness Equipment Market Size and Market Share
10. Saudi Arabia Fitness Equipment Market, By Type, 2019-2033 (USD Million)
10.1. Saudi Arabia Fitness Equipment Market Size and Market Share By Type (2019-2026)10.2. Saudi Arabia Fitness Equipment Market Size and Market Share By Type (2027-2033)
11. Saudi Arabia Fitness Equipment Market, By End User, 2019-2033 (USD Million)
11.1. Saudi Arabia Fitness Equipment Market Size and Market Share By End User (2019-2026)11.2. Saudi Arabia Fitness Equipment Market Size and Market Share By End User (2027-2033)
12. Saudi Arabia Fitness Equipment Market, By Region, 2019-2033 (USD Million)
12.1. Saudi Arabia Fitness Equipment Market Size and Market Share By Region (2019-2026)12.2. Saudi Arabia Fitness Equipment Market Size and Market Share By Region (2027-2033)12.3. Eastern Region12.4. Southern Region12.5. Western Region12.6. Norther Region
13. Company Profile
13.1. Amer Sports
13.1.1. Company details13.1.2. Financial outlook13.1.3. Product summary13.1.4. Recent developments
13.2. BRUNSWICK CORPORATION
13.2.1. Company details13.2.2. Financial outlook13.2.3. Product summary13.2.4. Recent developments
13.3. Core Health & Fitness LLC
13.3.1. Company details13.3.2. Financial outlook13.3.3. Product summary13.3.4. Recent developments
13.4. Fitness EM
13.4.1. Company details13.4.2. Financial outlook13.4.3. Product summary13.4.4. Recent developments
13.5. HOIST Fitness Systems
13.5.1. Company details13.5.2. Financial outlook13.5.3. Product summary13.5.4. Recent developments
13.6. Icon Health and Fitness
13.6.1. Company details13.6.2. Financial outlook13.6.3. Product summary13.6.4. Recent developments
13.7. Johnson Health Tech Co.
13.7.1. Company details13.7.2. Financial outlook13.7.3. Product summary13.7.4. Recent developments
13.8. LLC
13.8.1. Company details13.8.2. Financial outlook13.8.3. Product summary13.8.4. Recent developments
13.9. Nautilus Inc.
13.9.1. Company details13.9.2. Financial outlook13.9.3. Product summary13.9.4. Recent developments
13.10. Others
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Saudi Arabia Fitness Equipment Market is projected to reach USD XX billion by 2033, growing at a CAGR of 13.9% during the forecast period.
Saudi Arabia Fitness Equipment Market grew in market size from 2022. The Market is expected to reach USD XX billion by 2033, at a CAGR of 13.9% during the forecast period.
Saudi Arabia Fitness Equipment Market CAGR of 13.9% during the forecast period.
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Saudi Arabia Fitness Equipment Market size is USD XX billion from 2023 to 2033.
Saudi Arabia Fitness Equipment Market Segment is covered By Type, By Payment Method.
The Middle East is anticipated to have the highest market share in the Saudi Arabia Fitness Equipment Market.
The key players in the market include Companies Covered Covered Amer Sports, BRUNSWICK CORPORATION, Core Health & Fitness LLC, Fitness EM, Icon Health and Fitness, Johnson Health Tech Co., Nautilus Inc.
The word "fitness equipment" refers to tools and equipment that are especially made to help people exercise and maintain their physical activity. These tools promote the health, strength, and flexibility of our bodies.
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