The MEA connected gym equipment market is expected to grow from US$ 64.22 million in 2021 to US$ 383.04 million by 2028; it is estimated to grow at a CAGR of 29.1% from 2021 to 2028.
The UAE, South Africa, and Saudi Arabia are major economies in MEA. Advancement in smart fitness technology will escalate the market in coming years. It is not surprising that technology is increasingly making a place within people’s fitness routines. Consumer mindset is changing, they are not only working out to shape their bodies or to stay fit, but also to enhance their mental health and prevent various infections. The MEA market is observing the launch of new fitness devices, which are technologically innovative and digitally advanced. Market for home connected gym equipment is witnessing significant rise since last few years. Use of fitness apps has grown significantly. Several subscription options are available considering price, timing, and activity for each segment of customer. Fitness trackers are getting modified day by day. Apple has included an electrocardiogram (ECG) function, which provides a more detailed analysis about the users’ heart health. Fitbit’s new watch functions with more advanced heart rate sensors that use algorithms to reveal insights about user’s heart. Virtual coaching and training are becoming a needful tool in today’s fitness world. Several applications help users to simulate the experience of having a personal training class with an instructor by their headphones. So, growing advancement in fitness technology will drive the MEA connected gym equipment market during forecast period.
In case of COVID-19, MEA is highly affected especially South Africa. The MEA connected gym equipment market is considerably impacted by various disruption in the supply chain. With the closure of country borders, the supply chain of several parts and components has disturbed. The demand for connected gym equipment has weakened over past few months in MEA countries. The outbreak of COVID-19 had devastating effects on many businesses in the region, and the fitness and gym sectors were also among them. In response to this challenging situation, some have come up with great innovative ideas to survive in this time and continue serving their customers. Fitness clubs and gyms in Kuwait were forced to shut down due to rising cases of corona virus. When the business was shut down for full six months, Elite Fitness innovated and implemented some new ideas. They went online immediately and offered fitness classes as well as personal training sessions. Any gym’s main source of income is there when people buy a membership. So, Elite Fitness and some of its competitors decided to take the gym to customers’ house. During this period, the receptionists, maintenance workers and management team rented out gym equipment to several customers. This helped the customers in getting similar experience at home only. Even after all this, the market has not recovered yet and coming back to where it was is unpredictable considering the uncertainty of COVID-19.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the MEA connected gym equipment market. The MEA connected gym equipment market is expected to grow at a good CAGR during the forecast period.
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MEA Connected Gym Equipment Market Segmentation
MEA Connected Gym Equipment Market – By Type
- Cardiovascular Training
- Strength Training
MEA Connected Gym Equipment Market – By End-Users
- Residential
- Gym
- Other Commercial Users
MEA Connected Gym Equipment Market, by Country
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
MEA Connected Gym Equipment Market -Companies Mentioned
- Draper, Inc.
- Johnson Health Tech
- LES MILLS INTERNATIONAL LTD
- Life Fitness
- Technogym S.p.A
Middle East & Africa Connected Gym Equipment Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 64.22 Million |
| Market Size by 2028 | US$ 383.04 Million |
| CAGR (2021 - 2028) | 29.1% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
Middle East and Africa
|
| Market leaders and key company profiles |
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- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
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