Middle East & Africa Connected Gym Equipment Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Cardiovascular Training and Strength Training) and End-Users (Residential, Gym, and Other Commercial Users)

Other Commercial Users Segment is Expected to be Fastest Growing Segment During Forecast Period for MEA Region.

According to a new market research study on “MEA Connected Gym Equipment Market to 2028 - COVID-19 Impact and Regional Analysis and Forecast by Type and End-users” is expected to reach US$ 383.04 million by 2028 from US$ 64.22 million in 2021. The market is estimated to grow at a CAGR of 29.1% from 2021 to 2028. The report provides trends prevailing in the MEA connected gym equipment market along with the drivers and restraints pertaining to the market growth. Advancement in smart fitness technology and burgeoning demand for residential connected gym equipment are the major factor driving the growth of the MEA connected gym equipment market. However, overpriced connected gym equipment hinders the growth of MEA connected gym equipment market.

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.

The MEA connected gym equipment market is segmented based on type, End-users, and country. Based on type, the market is segmented as cardiovascular training and strength training. The cardiovascular training segment dominated the MEA connected gym equipment market in 2020 and strength training segment is expected to be fastest growing segment during forecast period. On the basis of End-users, the market is segmented as residential, gym, and other commercial users. The gym segment dominated the MEA connected gym equipment market in 2020 and other commercial users segment is expected to be fastest growing segment during forecast period.

Draper, Inc.; Johnson Health Tech; LES MILLS INTERNATIONAL LTD; Life Fitness; and Technogym S.p.A are among the leading companies in the MEA connected gym equipment market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, Life Fitness launches Axiom series.

The report segments the MEA Connected Gym Equipment Market as follows:

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

Reasons to buy:

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the MEA connected gym equipment market.
• Highlights key business priorities in order to assist companies to realign their business strategies
• The key findings and recommendations highlight crucial progressive industry trends in MEA connected gym equipment market, thereby allowing players across the value chain to develop effective long-term strategies
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
• Scrutinize in-depth MEA market trends and outlook coupled with the factors driving the connected gym equipment market, as well as those hindering it
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution