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Uae Fitness Equipment Market

Uae Fitness Equipment Market

UAE Fitness Equipment Market, By Product Type (Treadmills, Elliptical Machines, Stationary Cycles, Rowing Machines, Stair stepper, Strength Training Equipment); By Category (Residential, Commercial); By End User (Health Clubs/Gyms, Home Consumer, Hotels, Corporates, Hospital & Medical Centers, Public Institutions, Universities); By Distribution Channel (Retail Stores, Specialty & Sports Shops, Department & Discount Stores), Trend Analysis, Competitive Landscape & Forecast, 2019–2030

  • Published Date: February 2024
  • Report ID: BWC24165
  • Available Format: PDF
  • Page: 200

Report Overview

Growing health awareness among people, increasing disposable income, urbanization, emphasis on wellness, and government initiatives promoting a healthy lifestyle are expected to boost the growth of the UAE Fitness Equipment Market during the forecast period between 2024 and 2030.

UAE Fitness Equipment Market– Industry Trends & Forecast Report, 2030

UAE Fitness Equipment Market size by value was estimated at USD 88.49 million in 2023. During the forecast period between 2024 and 2030, the UAE Fitness Equipment Market size is expected to expand at a CAGR of 4.13% reaching a value of USD 124.21 million by 2030. The UAE Fitness Equipment Market is propelled by increasing health consciousness, rising obesity rates, and a growing trend towards home fitness setups. Moreover, government initiatives promoting active lifestyles, coupled with a surge in gym memberships and fitness centers, drive market expansion. Additionally, technological advancements in equipment design and functionality contribute to market growth, enticing consumers seeking innovative and convenient fitness solutions. These factors converge to create a thriving market environment, fostering demand for a wide range of fitness equipment across the UAE.

UAE Fitness Equipment Market

Fitness Equipment – Overview

Fitness equipment serves as essential tools for physical activities, enhancing strength, and improving fitness levels. The equipment encompasses various types such as free weights, rowing machines, treadmills, weight machines, stationary bikes, elliptical cross trainers, and stair steppers. Designed to resist a person's movements during exercise, these machines aid in increasing strength, endurance, weight management, and flexibility. Additionally, they contribute to enhancing one's appearance and personality. Widely utilized by fitness centers, gyms, home users, and corporate offices, these devices offer a range of preset programs catering to diverse aerobic abilities.

UAE Fitness Equipment Market

Growth Drivers

Increasing Participation in Fitness Competitions

The UAE Fitness Equipment Market is buoyed by the increasing participation in competitive fitness events like powerlifting, bodybuilding, and cross-fit. These activities promote physical health and combat non-communicable diseases. With numerous companies and fitness organizations organizing such events, both men and women are drawn to participate. It, in turn, is driving the demand for fit equipment in the UAE.

Challenges

Intense competition Could Affect Profit Margin

Intense competition among the companies in the UAE Fitness Equipment Market could affect their profit margins. The market faces saturation, leading to price wars and squeezed margins. As a result, companies needs to focus more on the development of innovative products and solutions to stay competitive, affecting costs. Moreover, e-commerce marketplaces and direct-to-consumer models challenge traditional retailers. Though intense competition poses challenges, strategic adaptations, innovations, and efficient operations could help companies in the UAE Fitness Equipment Market maintain healthy profit margins.

Impact of Escalating Geopolitical Tensions on UAE Fitness Equipment Market

Escalating geopolitical tensions can significantly impact the UAE Fitness Equipment Market. The UAE heavily relies on international trade for fitness equipment imports, with a substantial portion originating from countries affected by geopolitical conflicts. Disruptions in supply chains due to increased tariffs, trade restrictions, or transportation challenges can lead to higher costs and delays in product availability. Additionally, heightened tensions may dampen consumer sentiment and investment confidence, impacting discretionary spending on fitness equipment. For instance, during the Gulf crisis of 2017, the UAE experienced economic repercussions, affecting various sectors. Similarly, recent tensions in neighboring regions have heightened uncertainty, potentially deterred foreign investors and impacted market growth. As geopolitical tensions persist, the UAE Fitness Equipment Market may face challenges in maintaining stability and growth, necessitating strategic adaptations to mitigate adverse effects.

UAE Fitness Equipment Market

Segmental Coverage

UAE Fitness Equipment Market – By Product Type

Based on product type, UAE Fitness Equipment Market is divided into Treadmills, Elliptical Machines, Stationary Cycles, Rowing Machines, Stair steppers, and Strength Training Equipment segments. The treadmills segment is the largest product type in the UAE Fitness Equipment Market. The dominance of treadmills is primarily driven by their widespread popularity, versatility, and suitability for diverse fitness levels. Treadmills offer users the flexibility to engage in cardiovascular workouts and customize their exercise intensity. Moreover, the growing emphasis on indoor fitness routines, especially in urban settings, further fuels the demand for treadmills. With an increasing focus on health and fitness across the UAE population, the treadmill segment continues to experience robust growth, making it the leading category in the UAE Fitness Equipment Market.

UAE Fitness Equipment Market Growth

UAE Fitness Equipment Market – By Category

Based on category, UAE Fitness Equipment Market is divided into Residential and Commercial segments. The commercial segment is a larger category in the UAE Fitness Equipment Market. The segment comprises fitness equipment used in gyms, health clubs, hotels, and other commercial fitness facilities. The UAE's booming hospitality and tourism industry has led to a significant demand for state-of-the-art fitness equipment to cater to health-conscious guests. Additionally, the growing corporate wellness trend has fueled the demand for fitness equipment in office complexes and corporate fitness centers. The commercial segment benefits from continuous investments in fitness infrastructure by businesses and institutions aiming to provide high quality fitness amenities, making it the dominant sector in the UAE Fitness Equipment Market.

UAE Fitness Equipment Market Trend

UAE Fitness Equipment Market– By End User

By end user, UAE Fitness Equipment Market is divided into Health Clubs/Gyms, Home Consumer, Hotels, Corporates, Hospital & Medical Centers, Public Institutions, and Universities segments. The home consumer segment is the highest in the UAE Fitness Equipment Market. The segment encompasses individuals purchasing fitness equipment for personal use in their residences. The popularity of home fitness solutions has surged, driven by convenience, privacy, and the growing trend of at-home workouts. With advancements in technology and the availability of a wide range of equipment catering to different fitness goals, more consumers are opting to create home gyms. The home consumer segment is expected to continue its dominance as people prioritize health and fitness in the comfort of their own homes.

UAE Fitness Equipment Market Share

UAE Fitness Equipment Market – By Distribution Channel

By distribution channel, UAE Fitness Equipment Market is divided into Retail Stores, Specialty & Sports Shops, and Department & Discount Stores segments. The retail stores segment is the highest in the UAE Fitness Equipment Market. Retail stores encompass a wide range of outlets, including dedicated fitness equipment stores, general retail chains, and online platforms. These outlets offer a diverse selection of fitness equipment catering to various consumer preferences and budgets. Retail stores benefit from high visibility, extensive marketing efforts, and convenient accessibility, attracting a large customer base. Moreover, they often provide personalized assistance and after-sales services, enhancing the overall customer experience. Therefore, the retail stores segment holds a dominant position in the UAE Fitness Equipment Market landscape.

UAE Fitness Equipment Market Size

Competitive Landscape

Major players in the UAE Fitness Equipment Market include Matrix Fitness, Liftdex, Precor, Concept 2, Technogym, Vogue Fitness, Life Fitness, Volcan Fitness, Top Skyland General Trading LLC, and X Maxstrength UAE. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Scope of the Report

Attributes

Details

Years Considered

Historical Data – 2019–2023

Base Year – 2023

Estimated Year – 2024

Forecast Period – 2024–2030

Facts Covered

Revenue in USD Million

Market Coverage

UAE

Product/Service Segmentation

Product Type, Category, End User, Distribution Channel

Key Players

Matrix Fitness, Liftdex, Precor, Concept 2, Technogym, Vogue Fitness, Life Fitness, Volcan Fitness, Top Skyland General Trading LLC, X Maxstrength UAE

 

 

By Product Type

  • Treadmills  

  • Elliptical Machines  

  • Stationary Cycles  

  • Rowing Machines  

  • Stair Stepper

  • Strength Training Equipment  

By Category

  • Residential  

  • Commercial

By End User

  • Health Clubs/Gyms

  • Home Consumer

  • Hotels

  • Corporates

  • Hospital & Medical Centers

  • Public Institutions

  • Universities

By Distribution Channel

  • Retail Stores

  • Specialty & Sports Shops

  • Department & Discount Stores

  • Online

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Executive Summary
  3.  UAE Fitness Equipment Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Increasing awareness of the importance of a healthy lifestyle and fitness among the population
        2. High disposable income of the population in the UAE
        3. Expanding fitness industry, including gyms, fitness centers, and home workouts
        4. Urbanization and modern lifestyles
      2. Restraints
        1. High cost of fitness equipment
        2. Limited space in urban dwellings
      3. Opportunities
        1. Growth in home fitness
        2. Wellness tourism
        3. Smart fitness equipment
      4. Challenges
        1. Highly competitive market, with many unorganized fitness centers that do not offer diversified services
        2. Impact of COVID-19
    3. Technological Advancements/Recent Developments
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  4.  UAE Fitness Equipment Market Overview
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
    2. Market Share and Forecast
      1. By Product Type
        1. Treadmills
        2. Elliptical Machines
        3. Stationary Cycles
        4. Rowing Machines
        5. Stair stepper
        6. Strength Training Equipment
      2. By Category
        1. Residential
        2. Commercial
      3. By End User
        1. Health Clubs/Gyms
        2. Home Consumer
        3. Hotels
        4. Corporates
        5. Hospital and Medical Centers
        6. Public Institutions
        7. Universities
      4. By Distribution Channel
        1. Retail Stores
        2. Specialty and Sports Shops
        3. Department and Discount Stores
        4. Online
  5. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. UAE Fitness Equipment Market Share Analysis, 2023
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
  6. Impact of Escalating Geopolitical Tensions on UAE Fitness Equipment Market
  7. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
    1. Matrix Fitness
    2. Liftdex
    3. Precor
    4. Concept 2
    5. Technogym
    6. Vogue Fitness
    7. Life Fitness
    8. Volcan Fitness
    9. Top Skyland General Trading LLC
    10. X Maxstrength UAE
    11. Other Prominent Players
  8. Key Strategic Recommendations
  9. Research Methodology
    1.  Qualitative Research
      1.  Primary & Secondary Research
    2.  Quantitative Research
    3.  Market Breakdown & Data Triangulation
      1.  Secondary Research
      2.  Primary Research
    4.  Breakdown of Primary Research Respondents, By Distribution Channel
    5.  Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable

 

List of Figures

 

Figure 1       UAE Fitness Equipment Segmentation

Figure 2       UAE Fitness Equipment Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2023

Figure 4       UAE Fitness Equipment Market Size, By Value (USD Million), 2019–2030

Figure 5       UAE Fitness Equipment Market Share, By Product Type, By Value, 2019–2030

Figure 6       UAE Fitness Equipment Market Share, By Category, By Value, 2019–2030

Figure 7       UAE Fitness Equipment Market Share, By End User, By Value, 2019–2030

Figure 8       UAE Fitness Equipment Market Share, By Distribution Channel, By Value, 2019–2030

 

List of Tables

 

Table 1        UAE Fitness Equipment Market Size, By Value (USD Million), 2019–2030

Table 2        UAE Fitness Equipment Market Share, By Product Type, By Value, 2019–2030

Table 3        UAE Fitness Equipment Market Share, By Category, By Value, 2019–2030

Table 4        UAE Fitness Equipment Market Share, By End User, By Value, 2019–2030

Table 5        UAE Fitness Equipment Market Share, By Distribution Channel, By Value, 2019–2030

Table 6        Matrix Fitness Company Overview

Table 7        Matrix Fitness Financial Overview

Table 8        Liftdex Company Overview

Table 9        Liftdex Financial Overview

Table 10      Precor Company Overview

Table 11      Precor Financial Overview

Table 12      Concept 2 Company Overview

Table 13      Concept 2 Financial Overview

Table 14      Technogym Company Overview

Table 15      Technogym Financial Overview

Table 16      Vogue Fitness Company Overview

Table 17      Vogue Fitness Financial Overview

Table 18      Life Fitness Company Overview

Table 19      Life Fitness Financial Overview

Table 20      Volcan Fitness Company Overview

Table 21      Volcan Fitness Financial Overview

Table 22      Top Skyland General Trading LLC Company Overview

Table 23      Top Skyland General Trading LLC Financial Overview

Table 24      X Maxstrength UAE Company Overview

Table 25      X Maxstrength UAE Financial Overview

Market Segmentation

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No data available

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Frequently Asked Questions (FAQs):

Ans: UAE Fitness Equipment Market size by value was estimated at USD 88.49 million in 2023.
Ans: UAE Fitness Equipment Market size is expected to grow at a CAGR of 4.13% during the forecast period between 2024 and 2030.
Ans: UAE Fitness Equipment Market size is expected to reach a market value of USD 124.21 million by 2030.
Ans: Major factors driving the growth of the UAE Fitness Equipment Market include a growing health-conscious population, increasing disposable income, urbanization, emphasis on wellness, and government initiatives promoting a healthy lifestyle.
Ans: Key players in the UAE Fitness Equipment Market include Matrix Fitness, Liftdex, Precor, Concept 2, Technogym, Vogue Fitness, Life Fitness, Volcan Fitness, Top Skyland General Trading LLC, and X Maxstrength UAE.
Ans: The treadmills segment accounts for a larger share in the UAE Fitness Equipment Market by product type.
Ans: The retail stores segment holds a major share in the UAE Fitness Equipment Market by distribution channel.
Ans: The home consumer segment is expected to grow at a higher CAGR in the UAE Fitness Equipment Market by end user during the forecast period between 2024 and 2030.
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