According to a recent market study published by Growth Market Reports, titled, “Sharjah Sports and Fitness Center Market” by types and by end-users: Size, Share, Trends and Opportunity Analysis, 2015-2030”, the market was valued at USD 108.4 Million in 2021 and is expected to grow at a growth rate of 2.8% by the year 2030.

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As per Growth Market Reports industry analyst Sakshi Bhoyar, “Sharjah Sports and Fitness Center is anticipated to witness significant growth during the forecast period 2022-2030. Rising trend of fitness competitions at the global level is anticipated to have an impact on the growth of the Sharjah sports and fitness market. With the expansion of fitness center facilities and the rising number of active citizens in the region, the sports and fitness market in Sharjah is expected to grow significantly.

Sport and fitness centers offer services, treat, diagnose, advise, or instruct regarding physical fitness. These services include cardio and strength training equipment, group fitness classes, diet, bodybuilding, cardiovascular fitness, physical training programs, and showers in the locker rooms. Sports-specific training is one of the key elements that is offered by these fitness centers.

Fitness centers provide standard exercise gear and qualified sports performance coaches who are aware of the essential skills required for every sport. Rising health awareness among the population of Sharjah as well as the increasing trends of female fitness centers in the region are key factors that are expected to boost the market in the coming years.

Key factors that are anticipated to fuel the demand for the global Sharjah sports and fitness center market during the forecast period, due to rising trend of only female/ladies fitness centers and growing tourist accommodation infrastructure with fitness centers. Conversely, emergence of online and virtual fitness apps is hampering the growth of the market. Government initiative to develop sports and fitness infrastructure is creating lucrative opportunities for market players.

The value chain concept disaggregates a firm into the various activities it performs. Conceptualizing from the firm level, this concept has been applied to industries as a whole. The resulting unified merchant embedded computing value chain comprises activities such as strategy, defining scope, user documentation, marketing, implementation, training & certification, maintenance & support, subscription, licensing, and operations. Developers, outsourcing companies, resellers, marketing companies, and license issuers have different profit margins that vary depending on the material, product, sizes, and prices, offered by the company.

The primary as well as secondary research methodology is used for keen observation and study about the Sharjah Sports and Fitness Center Market. The primary research methodology involves commercial agreements made with the primary respondents as well as consulting partners to extract critical information pertaining to the syndicated as well as consulting projects.

Primary interviews conducted with the stakeholders across industry verticals on regular intervals in line with the ongoing studies and to keep ourselves abreast with the latest market trends & developments. Validation of the estimated market size, current and future trends done from the key opinion leaders (KOLs). These KOLs are the CXO level people from leading companies in the industry and possess the experience of around 10-20 years in the industry. On the other-hand the secondary research methodology involves exhaustive desk research undertaken to understand the prevailing market trends & dynamics, market competition, customer insights and other KPIs.

Company websites, their SEC filings, annual reports, broker & financial reports and investor presentations are scanned for understanding the competitive scenario, details and developments, and the overall competitive landscape. Regional government and statistical databases analyzed for macro & micro analysis. Research publications and paid data referred to obtain and validate the market estimations, budget, expenditure and other statistical insights.

The COVID-19 pandemic has highlighted economic disparities in the global demand in the crises of global interdependence and governance challenges. Epidemics are isolated concerns for businesses and prospects for emerging patterns and vulnerabilities. According to the current pandemic situation, strict measures are required for monitoring the situation, which in turn, affect businesses causing unanticipated short and long-term effects.

Consequently, epidemics and pandemics are problems for individual market and an enhancement of existing dynamics and limitations. In the long-term, COVID-19 can serve as another opportunity for manufacturers to reconsider their commitment to the supply chain in regions prone to outbreaks and to reconfigure themselves regionally. In current scenario, COVID-19 is hampering the production process of several manufacturing industries and businesses. Moreover, trade barriers are further reducing the demand-supply of various products and services. However, reduction in outdoor activities and social distancing has created lucrative opportunities for the market.

Key Takeaways from the Study

  • The players include Thumbay Group, Venue3 Health Club, Sharjah Wanderers Sports Club, Landmark Group, Powerhouse Gym, GymNation, Sharjah Ladies Club, and AQUA Middle East FZC.
  • Based on facilities type, the Sharjah sports and fitness center market is segmented into the gymnasium, spa areas, sauna rooms, steam rooms, massage rooms, boxing areas, padel courts, and football courts. The gymnasium segment is estimated to expand at a considerable CAGR during the projected period, owing to a significant rise in the number of low-cost fitness centers across the region. Additionally, awareness regarding health among the population is one of the key factors contributing to the growth of the market. The football courts segment is expected to expand at a significant CAGR during the forecast period, owing to the increasing number of millennials and their preference for football.
  • In terms of end-users, the Sharjah sports and fitness center market is bifurcated into male, female, and children. The male segment is anticipated to expand at a significant CAGR, as males constitute the majority of the population in Sharjah. Rising inclination toward fitness is increasing the adoption of sports and fitness centers for fitness among people, which is anticipated to drive the market during the projected period. The female segment is expected to hold a substantial share of the market during the forecast period, owing to the rising number of female-only fitness centers in the city.
  • The market in Sharjah is projected to expand at a significant CAGR during the forecast period, owing to the rising health awareness and increasing awareness about the benefits of sports and fitness centers among consumers.

Report Scope

Report Metric

Details

Market Value in 2021

USD 108.4 Million

Market Growth Rate (from 2020 to 2028)

2.8%

Historical Data

2015-2020

Base Year

2021

Forecast Period

2021 – 2030

Units Considered

Value (USD Million)

Market Segments

By Types, By End-users, and By Country

Key Companies Profiled

Thumbay Group, Venue3 Health Club, Sharjah Wanderers Sports Club, Landmark Group, Powerhouse Gym, GymNation, Sharjah Ladies Club, and AQUA Middle East FZC.

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

Target Audience

  • Supply-side: Service Providers
  • Demand Side: Male, Female, and Children.
  • Regulatory Side: Concerned government authorities, and other regulatory bodies.
  • Associations and Industry Bodies: The Universal Sports Academy, Gulf Cooperation Council Athletics Championships and others.