Friday, November 26, 2021

Fitness centers along with health and wellness trend in KSA is gathering pace as more consumers have been made to question their overall health due to sedentary lifestyle: Ken Research

KSA News

Offering programs that are relevant to women and to millennial such as Ladies only Fitness Centres or separate timings for ladies in a unisex gym is encouraging women participation in the country.

Rise in Local Gyms and Fitness Clubs: The fitness industry in KSA was once dominated by the wealthy and expats, now a new wave of local gyms and dance and martial arts studios are emerging to serve a fast-rising number of young, less affluent fitness enthusiasts.

Introduction of Fitness Services for Women: Women fitness services centers were under shadowed which was majorly due to the societal norms and government regulations. In February 2017, the regulations related to women joining gyms were eased resulting into tremendous growth in women specific fitness centers in the country.

Transition towards Value Added Services: It has been observed that various existing players (including Men’s Gym, Women’s Gym, and Mixed Gym) have started diversifying their portfolio by providing new value added services including Spa, Sauna, Jacuzzi and others for greater customer satisfaction.

Government Initiatives: KSA Government has launched various programs such as The KSA Women’s Fitness Festival, Quality of Life Program, Vision 2030 and Diriyah Equestrian Festival, in attempts to encourage increased physical activity among population through personalized schemes.

The report titled KSA Fitness Services Market Outlook to 2025F – Driven by technological innovations and inventive training approaches along with adoption of hybrid model by fitness centersby Ken Research suggested that growing awareness of health benefits, increasing disposable income, rise of budget gyms and growth of ladies only fitness center has been the major key factors which drives the demand for fitness services centers in KSA. The market is further expected to register a positive five year CAGR of 20.8% in terms of revenue during the forecast period 2020-2025F.

Key Segments Covered in KSA Fitness Market:-

Direct Economic Impact of Fitness Centres

Overview of Commercial Gyms in KSA Health and Fitness Market

Overview of Fitness Centres in Hotels and Resorts

Overview of Fitness Centres in Schools and Universities

Overview of Fitness Centres in Residential Townships/Compounds

Overview of Fitness Centres in Hospitals

Overview of Fitness Centres in Sports Clubs and Govt. Organizations

Indirect Economic Impact of Fitness Centres

KSA Fitness Equipment Industry Market Size

Evaluation of Premiumization on Real Estate Sector

Estimated Cost of Constructing a Fitness Centre

Key Target Audience:-

Fitness Equipment Manufacturers

Fitness Equipment Distributors

Fitness Centres

Government Organizations

Time Period Captured in the Report:-

Historical Period: 2015-2020

Forecast Period: 2020–2025

Key Topics Covered in the Report:-

Socio-Economic Landscape of KSA

Direct and Indirect Economic Impact of Fitness Industry in KSA

Overview of Commercial Gyms in KSA Health and Fitness Market

Snapshot of Digital Fitness Market in KSA

Assessment of the Indirect Economic Impact of Fitness Industry in KSA

KSA Fitness Equipment Industry Market Size

Evaluation of Premiumization on Real Estate Sector

Assessment of the Indirect Economic Impact of Fitness Industry in KSA

Overview of Healthcare Scenario/Health Statistics

Potential Health Implications and Health Cost Reductions

Customer Mindset for Fitness Services

Impact of COVID 19 on Fitness Industry in the KSA

Future Outlook and Projections for KSA Fitness Services Market

White space and Opportunities existing in the KSA Fitness Services Market

Research Methodology

For More Information on the research report, refer to below link:-

KSA Fitness Services Market

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