KSA Fitness Equipment Market Trends, Revenue, Growth Drivers, Challenges, Key Manufacturers and Future Investment Strategies Till 2033


KSA Fitness Equipment Market Trends, Revenue, Growth Drivers, Challenges, Key Manufacturers and Future Investment Strategies Till 2033: SPER Market Research

 Published: Oct-2023
 Author: SPER Analyst

Saudi Arabia Fitness Equipment Market is projected to be worth USD XX billion by 2033 and is anticipated to surge at a CAGR of 13.9%.

The term "fitness equipment" describes devices and apparatus that are created expressly to support physical activity and exercise. Our body' health, strength, and flexibility are enhanced by these technologies. Using exercise equipment is like going to the gym so that our bodies can get stronger and fitter, much like how we go to school to learn new things and expand our knowledge.

Saudi Arabia Fitness Equipment Market Driving Factors and Challenges

According to Health Research Policy and Systems, non-communicable diseases are responsible for 73% of all fatalities in Saudi Arabia. Of these, cardiovascular diseases account for 37%, cancer 10%, diabetes 3%, respiratory diseases 3%, and other NCDs 20%. Due to an alarming increase in the frequency of several chronic illnesses, Saudis are growing more concerned about their health. As a result, people are spending more money on fitness gear that motivates them to exercise regularly and without missing a beat. As a result, growth in the Saudi Arabian home fitness equipment market is anticipated throughout the forecast period.

However, the prohibitively expensive price of high-end exercise equipment may severely constrain the demand for fitness equipment in Saudi Arabia. For example, a good treadmill costs around $1,000. Typically, a rowing machine costs between $1,000 and $2,000 USD. This may discourage some people from purchasing home exercise equipment, especially those with middle- and lower-class incomes. Another obstacle to the development of Saudi Arabia's home exercise equipment market could be the availability of commercial gyms, gym memberships, and gym subscriptions.

Impact of COVID-19 on Saudi Arabia Fitness Equipment Market 
The COVID-19 pandemic epidemic provided significant growth possibilities for the Saudi Arabian exercise equipment sector. Citizens' awareness of their health has increased as a result of the need to safeguard against getting viruses or other types of lifestyle disorders. However, due to the lockdown imposed by the Saudi government, no gyms in that country were open for business. As a result, home exercise equipment became much more popular than outdoor gyms. Utilizing home workout gear also prevented the transmission of illnesses while maintaining social isolation. These factors all suggest that the market will thrive following COVID-19.

Saudi Arabia Fitness Equipment 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; Amer Sports, BRUNSWICK CORPORATION, Core Health & Fitness LLC, Fitness EM, Icon Health and Fitness, Johnson Health Tech Co., Nautilus Inc.

Saudi Arabia Fitness Equipment Market Segmentation:

By Type: Based on the Type, Saudi Arabia Fitness Equipment Market is segmented as; Cardiovascular Training Equipment, Strength Training Equipment, Other Equipment.

By End User: Based on the End User, Saudi Arabia Fitness Equipment Market is segmented as; Home Consumer, Health Clubs/Gyms, Others.

By Region: This research also includes data for Northern Region, Eastern Region, Western Region, Southern Region.

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.

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