1. Fitness Equipment Sales have expanded with a CAGR of ~8.06% between 2016 and 2021, contributing to the growth of the Fitness Industry in the UAE.
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With the influx of foreign population and rapid urbanization, more organized fitness centers are being established in the UAE, as they have their own brand chains (such as Gold’s gym, fitness first) and offer customers high-standard services and quality equipment. Population growth, combined with increased consumer spending, has resulted in a significant increase in the average number of members per fitness center. The establishment of ladies-only gyms, such as Fitness terminals, with female professional trainers to guide women’s pursuit exercises has created a new segment and increased female memberships in the country.
2. Initiatives such as Dubai Fitness Challenge and MA’KOM Initiatives which are taken up by the Government of the UAE to Raise Awareness About Healthy Lifestyle and Physical Activity
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This initiative is a public awareness campaign that will educate UAE residents about the benefits of physical activity and encourage Emiratis to exercise and participate in physical activities in order to live a healthy and simple lifestyle. The Dubai Sports Council organizes the Dubai Fitness Challenge 2020, which encourages residents of all ages to engage in 30 minutes of physical activity every day for 30 days. It also hosts a month-long series of exciting fitness events and wellness-focused entertainment to keep Dubai moving. In addition to these events for the general public, another event called Dubai Active was held for the fitness and wellness community featuring fitness classes, international and local trainers, studio classes, celebrity trainers, and international fitness industry expert speakers.
3. Market has been anticipated to showcase positive growth during the forecast period 2021 to 2026F owing to healthcare patterns such as Obesity and Diabetes and Consumer demands
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The UAE has become a country with a population of more than 80% expatriates and less than 20% native residents. The influx of foreign population is expected to increase over the forecast period, resulting in a significant change in lifestyle patterns. As a result, factors such as rising urbanization, rising obesity and chronic disease prevalence due to unhealthy lifestyles, and increasing corporate wellness programs are the primary factors driving the growth of the fitness equipment market. With the increase in the number of health clubs and fitness centers incorporating advanced equipment to cater to changing health patterns and consumer demands, the market is poised to gain significant traction.
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