Sunday, February 25, 2024

Email id: support@kenresearch.com, Contact Us : +91-9871552944

Home Health Care Fitness Services 3 Catalysts to the Fitness Equipment Market in KSA; How These Would...

3 Catalysts to the Fitness Equipment Market in KSA; How These Would Shape the Fitness Equipment Industry? Ken Research

Revenue generated from the sales of fitness equipment in KSA is expected to stand at nearly USD 230 Mn by the end of 2026, as per findings released by Ken Research.

1. Approximately, 2.5 million inhabitants in KSA are Expected to Join Gym and Fitness Centers by the End of 2026.

Other Challenges in KSA Fitness Equipment Market

The fitness industry in KSA was once dominated by the wealthy and expats, now a new wave of local gyms and dance and martial arts studios are emerging to serve a fast-rising number of young, less affluent fitness enthusiasts.​ It is estimated that in between 2021 and 2026, total number of members availing of fitness services will be expanding at a CAGR of over 10%. With the rapid expansion in the number of total members, the demand for fitness equipment is expected to surge in coming years.

2. Nearly, 19k total employments generated in 2020; Growing Working Age Population Sets the Path for the Fitness Equipment in Industry in KSA to Generate Robust Growth.

Interested to Know More about this Report, Request for the sample report

Over 45% of the overall population in KSA belonged to the working age population aged 25-54 years as of 2021, which is estimated to contribute to more than 50% by the end of 2030. ​Consumers belonging to this age group in KSA are health-conscious individuals who in order to maintain physical health resort to various fitness related activities such as cycling, walking and working out among others. With the rise in awareness on the importance of physical health, the demand for high end fitness equipment will witness a surge driven by consumers belonging to this age group.​

3. “Your Home, Your Gym” Campaign along with Covid-19 Pandemic has Risen the Importance of Home-Based Fitness Equipment in KSA.

 

Visit This link :-  Request for custom report

COVID-19 era has witnessed businesses strengthening their digital presence in order to attract consumers as their preferences have shifted to home-based fitness activities as per their convenience.​ The shift in preference towards availing fitness services at the comfort of home has contributed in the increased demand of fitness equipment suitable for home and residential purposes such as yoga mats, resistance bands and dumbbells along with exercise bike, elliptical and treadmills. Moreover, “Your Home, Your Gym” Campaign, launched in mid-march 2020 followed by the advent of COVID-19, the campaign focuses on encouraging people to participate in regular fitness activities at the comfort of home due to the restrictions in physical movements.

RELATED ARTICLES

Biopsy Devices Market Size, Share, Trends & Forecast 2029

The global Biopsy Devices Market is set to experience robust growth in the coming years, driven by a combination of factors such as increasing...

Aesthetic Laser Market Analysis and Key Insights

The Aesthetic Laser Market is witnessing unprecedented growth, propelled by technological advancements, shifting consumer preferences, and a robust demand for non-invasive cosmetic procedures. This...

Medical Devices Market Analysis and Size

In the ever-evolving landscape of healthcare, the Medical Devices Market stands as a beacon of innovation, continuously pushing boundaries to meet the dynamic needs...

Most Popular

Skin Care Market Segmentation: Unveiling Needs and Targeting Strategies

The skincare market is a vast and ever-evolving landscape, encompassing a diverse range of products and catering to a multitude of needs. To navigate this complex...

Biopsy Devices Market Size, Share, Trends & Forecast 2029

The global Biopsy Devices Market is set to experience robust growth in the coming years, driven by a combination of factors such as increasing...

A Growing Industry of Protected Cultivation, Insights on Share and Growth

Introduction to Protected Cultivation Protected cultivation, also known as greenhouse farming, revolutionizes traditional agricultural practices by providing controlled environments for optimal plant growth. This article...

Emerging Trends in Indian Test Prep Market: AI, AR, and the Future of Learning

In the bustling realm of India's education sector, the test preparation market stands as a pivotal domain, shaping the academic journeys of millions of...