Saudi Arabia Sports & Fitness Equipment and Recreation Solutions Market 2020
Posted by arshiyashaikh on January 1st, 2021
Market Reports on Saudi Arabia Provides the Trending Market Research Report on “Saudi Arabia Sports & Fitness Equipment And Recreation Solutions Market (2020-2026)” under Consumer Goods category. The Saudi Arabia Sports & Fitness Equipment And Recreation Solutions Market is projected to exhibit highest growth rate over report offers a collection of superior market research, market analysis, and competitive intelligence and industry reports.
Saudi Arabia Sports & Fitness Equipment and Recreation Solutions Market (2020-2026): Market Forecast By Types (Sports Flooring (PU & Vinyl Flooring, Rubber Flooring, Artificial Grass, Outdoor Acrylic Flooring, Hardwood Flooring & Others (Safety Rubber Decks And Carpet Flooring)), Sports & Recreation Equipment (Sports Equipment, Playground Systems, Mass Seating, Health & Fitness Equipment & Others), Recreation Solutions (Climbing Walls, Zip Lining, Aerial Lines, Adventure Parks & Others)) And Competitive Landscape
Saudi Arabia sports & fitness equipment and recreation solutions market witnessed a steady growth in recent years on account of the rising participation of people in sports and fitness activities across the country. Sports has been recognized as an important aspect to achieve the goal of economic diversification, under the Saudi Vision 2030. Thus, due to the government’s efforts to promote public participation in sports and fitness activities, launching of women-centric fitness clubs, along with the flourishing recreation sector, the Saudi Arabia sports & fitness equipment and recreation solutions market is anticipated to grow at a substantial rate during the forecast period. However, due to the spread of pandemic COVID-19, the market is estimated to witness a decline in revenues in the year 2020, as a result of the halt in the on-going projects and no new projects being announced in the first half of the year.
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Saudi Arabia Sports & Fitness Equipment and Recreation Solutions Market is projected to grow at a CAGR of 14.7% during 2020-26. The country hosted a number of sports events such as boxing championships, golf cup, formula one, and horse races during 2017-19 and the government also allowed restaurants and cafes to host comedy shows and concerts. The aforementioned developments represent changes in the ultraconservative policies of the government, which is anticipated to boost the construction of entertainment complexes and recreation facilities across the country. This in turn, would lead to significant growth in the sports & fitness equipment and recreation solutions market revenues during the forecast period.
The recreation solutions accounted for a dominant share in the Saudi Arabia sports & fitness equipment and recreation solutions market in the past years and is anticipated to maintain its dominance over the coming years as well, as a result of several theme parks, amusement parks and entertainment facilities of various sizes to be constructed across the kingdom over the coming years.
The report comprehensively covers the market by types, end users and regions. The report provides an unbiased and detailed analysis of the on-going trends, opportunities/ high growth areas and market drivers, which would help stakeholders to device and align their market strategies according to the current and future market dynamics.
Key Highlights of the report:
Sports & Recreation Equipment
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Joined: February 5th, 2019
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