KSA Fitness Equipment Market Size & Research 2022, CAGR Status, Country Growth Analysis, Development Factors, Updates and Business Strategies to 2026: Ken Research

The Saudi Arabia Fitness Equipment Market was valued at ~USD XX Million in 2021, growing at a CAGR of XX% from 2016-2021 based on revenue generated from the sale of Fitness Equipment with considerable expansion of centers commercial fitness centers in which popular fitness centers and women-centric fitness club dominated the market. Government initiatives to launch women-focused fitness centers in 2017, as well as “Your Home, Your Gym” and “Quality of Life” campaigns to improve people’s physical conditions associated with health issues. increasing health conditions such as obesity, diabetes and cardiovascular disease due to unhealthy lifestyle, The trend of consumers to undertake online fitness workouts to enjoy exercising from the comfort of their homes and according to their convenience is the main determinant of the growth of the fitness equipment industry. Rising demand for fitness equipment suitable for home/residential purposes post COVID-19 is also contributing to the growth of the fitness equipment market.

KSA Fitness Equipment Market Outlook to 2026: Driven by Rising Demand for Advanced Fitness Equipment by Fitness Clubs and Government Initiative to Launch Female Centered Fitness Centers

In 2020, the fitness equipment industry witnessed a temporary slump due to the impact of COVID-19 on the industry, leading to the closure of fitness centers and health clubs due to the scale lockdown from the country. With mandatory protocol such as to avoid physical contact and maintaining social distancing to prevent transmission of the virus, much of the population has been prevented from enjoying fitness services in fitness centers and health clubs. . These factors, however, led to an increased demand for home fitness equipment and an adaptation to digital fitness services, as people preferred to follow home fitness programs to ensure their safety. Additionally, the increased health and hygiene awareness followed by the advent of COVID-19 is acting as a catalyst for shifting consumer preference towards using digitally connected solutions for their fitness routine. form.

The majority of fitness equipment imported into Saudi Arabia in 2020 came from China, the United States and Taipei; China contributing a majority share of XX% of global imports in 2020 based on revenue generated. The revenue generated from the import of fitness equipment was valued at USD XX million in 2020; the higher share of imports is attributed to the growing demand for high-end fitness equipment produced in other countries. The lack of capacity of local manufacturers in Saudi Arabia to produce high-tech fitness equipment has negatively impacted the international demand for fitness equipment produced in Saudi Arabia.

Saudi Arabia Fitness Equipment Market Growth & Segmentation, 2021

By type of end user: Commercial fitness centers accounted for the highest market share of XX% among all other end-user types based on revenue generated in 2021. Popular fitness clubs in the commercial fitness centers category dominated the industry . Private fitness centers and health clubs accounted for the second highest share.

By type of customer: Sales of fitness equipment through the B2B channel accounted for the highest share of XX% based on revenue in 2021, attributed to the surge in commercial and hotel fitness center establishments demanding advanced fitness equipment , followed by the B2C channel which has low market penetration.

By foreign and domestic manufacture: Foreign fitness equipment accounted for the highest market share of XX% compared to locally manufactured (domestic) fitness equipment based on revenue generated in 2021. Domestic manufacturer’s lack of ability to produce advanced fitness equipment leads to an increase in the demand for fitness equipment. from foreign countries such as China, the United States and Italy, among others.

Fitness equipment import and export companies in Saudi Arabia

The report presents a brief overview of the major companies that import and export fitness equipment to Saudi Arabia based on the number of categories of products or services traded, number of employees, region and city.

Fitness Equipment Import and Export Scenario, by Country 2016-2020

The majority of fitness equipment imported into Saudi Arabia in 2020 came from China, the United States and Taipei; China contributing a majority share of XX% of global imports in 2020 based on revenue generated. The revenue generated from the import of fitness equipment was valued at USD XX million in 2020; the higher share of imports is attributed to the growing demand for high-end fitness equipment produced in other countries. The lack of capacity of local manufacturers in Saudi Arabia to produce high-tech fitness equipment has negatively impacted the international demand for fitness equipment produced in Saudi Arabia.

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KSA Fitness Equipment Market Competitive Landscape, 2021

The KSA fitness equipment market is concentrated between 10 and 15 players. Delta Fitness captured the highest market share in terms of revenue generated from fitness equipment sales in 2021. Fitness equipment distributors in Saudi Arabia compete on the basis of product quality. fitness equipment, the wide range of equipment they offer and the prices of these products. One of the main parameters of the competition is the collaboration and partnerships that the distributors have with their customers, namely fitness clubs, fitness centers, hotels, resorts and universities. However, on the production side of fitness equipment, the domestic manufacturer in Saudi Arabia has not been able to develop advanced fitness equipment which is in demand in fitness facilities. Thanks to this, revenue generated from imports of fitness equipment captured the majority share of XX% in 2021 compared to domestic sales. The majority of fitness equipment imported into Saudi Arabia in 2020 came from China, the United States and Taipei; China contributing a majority share of XX% of global imports in 2020 based on revenue generated. In the coming years, the demand for fitness equipment produced in the country will depend on the ability of these manufacturers to provide high quality advanced fitness products.

Additionally, a noticeable shift in consumer preferences post COVID-19 has contributed to the emergence of digital fitness services. Home fitness equipment is in high demand lately, as people prefer to participate in physical and fitness activities regularly from the comfort of their homes, thus reducing the risk of physical contact in public fitness facilities. The growing demand for home fitness equipment will act as a catalyst for the growth of the fitness equipment industry in the coming years. Therefore, fitness equipment players in Saudi Arabia need to meet the growing demand for home fitness equipment in order to enter the market.

Future Prospects of KSA Fitness Equipment Market2021-2026

The Fitness Equipment Market is anticipated to expand at a Five-Year CAGR of roughly X.X% from 2021 to 2026 based on revenue generated. The fitness equipment industry is expected to grow at a substantial rate owing to factors such as increasing health problems among the population suffering from non-communicable diseases i.e. obesity and chronic diseases due to a mode unhealthy lifestyle, the establishment of organized fitness centers with diversified services along with various government initiatives such as “Quality of Life” and “Your Home, Your Gym” to encourage people to regularly engage in physical and fitness activities. Along with this, drivers such as the launch and expansion of nearly 163 hotel and resort projects such as Hyatt and Radisson by the end of 2030, as planned, will also contribute to the increase in the demand for fitness equipment in these facilities. The market is set to gain momentum with the increase in the number of women-centric health clubs and fitness centers incorporating state-of-the-art equipment to meet changing health patterns and consumer demands. . On the other hand, high cost of installation or installation of devices or equipment and growing demand for resale of used fitness equipment to reduce cost is hampering the growth of the market during the aforementioned forecast period.

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