Showing posts with label MENA Fitness Market Size. Show all posts
Showing posts with label MENA Fitness Market Size. Show all posts

Thursday, December 30, 2021

MENA (Egypt, UAE, Turkey and Algeria) Health and Fitness Services Market 2021 Upcoming Trends, Industry Size, Demand and Forecast Research Report to 2025: Ken Research

Egypt Fitness Services Market

Egypt Health and Fitness Market contributed $~ Mn Revenue in 2020 with Offline and Online Fitness Centres contributing ~% and ~% respectively. The number of establishments grew by ~CAGR during 2015-2020.

Commercial Gyms: Currently, most fitness brands in Egypt are positioned towards the mid-to-low end of the market, targeting the mass public. A number of boutique fitness centers have sprung but budget gyms focusing on health & fitness contributed majority of the market revenue in 2020.

Hotel Gyms: Hotels and Resorts in Egypt contributed $~ revenue with only a few major international chains having the onsite fitness facility in their properties. Majority of the hotel based fitness centers are clustered in prime locations of four key cities in Egypt, namely Cairo, Alexandria, Hurghada, and Sharm El Shiekh. The international hotel brands such as Radisson and Hilton have a strong presence in Egypt and have expanded their footprint furthermore in the region by providing sauna, swimming and gym facilities, thereby increasing the number of establishments.

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Schools/Universities: A strong growth in school and university based fitness centers have been observed as overweight and obesity among school children constituted an emerging concern and has increased from 15% in 2010 to 24.1 in 2020. 90-92% of the Universities in Egypt have well equipped gyms in their campuses/hostels providing physical fitness facilities and wellness support. These gyms are usually equipped with Cardiovascular Fitness Equipments (Treadmills & Elliptical machines), Strength Training Equipment (Free weight and weight machines, Resistance machines, Kettle bells & others)

UAE Fitness Services Market

UAE Health and Fitness Market contributed $~ Mn Revenue in 2020 with Offline and Online Fitness Centres contributing ~% and ~% respectively. The number of establishments grew by ~CAGR during 2017-2020. The industry is characterized by a high proportion of part time employment with majority of staff employed on a casual or part time basis.

Commercial Gyms: Boutique and medium sized fitness centers dominate the sector, with more 70% of centers employing fewer than 15 people in 2020.

Hotel Gyms: Majority of the UAE Luxury Hotels have well-equipped gyms offering special memberships to the public. Hotels are also collaborating with fitness centres to provide special trainings thereby increasing member penetration and increasing employment.

Schools/Universities: 70%-80% of the Universities in UAE have well equipped gyms either on campus or hostel for the students who aspire for physical well being thus promoting an active healthy lifestyle. Initiatives such as Dubai Fitness Challenge are also encouraging students to take part in activities and events

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Residential Townships/Compounds: A number of large apartment buildings in the UAE have a fitness center on their premises following the trend of combining fitness and convenience. The closure of public gyms, fitness centers and clubs since COVID 19 has led to an astounding demand for residential/community gyms.

Medical Fitness Centres and Others: Most medical fitness & wellness centers offer a variety of services like physical therapy, massage, and health related workshops open to the community and have professionals that are well aware of providing individualized programs for people with medical conditions.

Turkey Fitness Services Market

Turkey Health and Fitness Market contributed $~ Mn Revenue in 2020 with Offline and Online Fitness Centres contributing ~% and ~% respectively. The number of establishments grew by ~CAGR during 2015-2020. Popular medium sized fitness centers dominate the sector with hotel based and residential based fitness centers gaining importance over time.

Commercial Gyms: Popular medium sized gyms dominate the sector, with majority of the fitness centres in Turkey clustered in prime locations near Istanbul and Ankara. Istanbul alone has ~400 small and medium-size fitness clubs, 25% of which were opened within the last one or two years.

Hotel Gyms: A growing number of hotel chains are providing 360-degree wellness complemented by an innovative variety of fitness classes such as Yoga/Zumba and Gym or HIIT and membership plans.

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Schools/Universities: 50%-60% of the Universities in Turkey have well equipped gyms in their campuses/hostels and charge a membership of $20-$25 per month separately. The gyms are usually equipped with Cardiovascular Fitness Equipment’s, Strength Training Equipment and others

Residential Townships/Compounds: The closure of public gyms, fitness centers and clubs since COVID 19 has led to an astounding demand for residential/community gyms and are by far the highest motivating factor for joining and going to a gym due to the social interactions.

Medical Fitness Centres and Others: Most medical fitness & wellness centers offer a variety of services such as Medical treatment, healthy nutrition consultancy, natural therapies and fitness with personal trainers and have professionals that are well aware of providing individualized programs for people with medical conditions.

Algeria Fitness Services Market

Algeria Health and Fitness Market contributed $~ Mn Revenue in 2020 with Offline and Online Fitness Centres contributing ~% and ~% respectively. The number of establishments grew by ~CAGR during 2015-2020.

Commercial Gyms: Commercial gyms and fitness centers focusing on health & fitness of the customers contributed majority of the market revenue generating $~ Mn in 2020 with popular fitness centers dominating the market revenues.

Hotel Gyms: Hotels and Resorts in Algeria contributed $~ revenue with only a few major international chains having the onsite fitness facility in their properties. The increase in number of star hotels with a well-equipped gym and professional trainers has accelerated the size of hotel based fitness centres.

Schools/Universities: 20-30% of the Universities in Algeria have well equipped gyms in their campuses/hostels for the students who aspire for physical well-being thus promoting an active healthy lifestyle.

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Residential Townships/Compounds: The fitness centres in residential compounds and townships in Algeria are well equipped with a wide range of equipment giving users a level of variety in their workout. The closure of public gyms, fitness centers and clubs since COVID 19 has led to an astounding demand for residential/community gyms.

Medical Fitness Centres and Others: Most medical fitness & wellness centers offer a variety of services like physical therapy, massage, and health related workshops open to the community and have professionals that are well aware of providing individualized programs for people with medical conditions.

Key Factors Considered in the Report

• Socio-Economic Landscape of MENA

• Direct and Indirect Economic Impact of Fitness Industry in MENA

• Overview of Commercial Gyms in MENA Health and Fitness Market

• Snapshot of Digital Fitness Market in MENA

• Assessment of the Indirect Economic Impact of Fitness Industry in MENA

• MENA Fitness Equipment Industry Market Size

• Evaluation of Premiumization on Real Estate Sector

• Assessment of the Indirect Economic Impact of Fitness Industry in MENA

• 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 MENA

• Future Outlook and Projections for MENA Fitness Services Market

• White space and Opportunities existing in the MENA Fitness Services Market

• Research Methodology

Related Reports:

KSA Fitness Services Market Outlook To 2025F - Driven By Technological Innovations And Inventive Training Approaches Along With Adoption Of Hybrid Model By Fitness Centers

Israel Fitness Services Market Outlook to 2025 - Driven by Growing Awareness for a Balanced Lifestyle along with the Addition of State-of-the-Art Gyms in the country

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Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

support@kenresearch.com

+91-9015378249

Monday, December 13, 2021

MENA fitness market is undergoing transformation and disruption with Saudi Arabia and Israel being the two largest fitness markets contributing more than 50.0% of the Revenues in 2020: Ken Research

November 2021 | MENA News

Fitness brands are actively optimizing their existing business models as the industry faces disruption by offering diversified services such as personal training and group exercise

Increase in Prevalence of Chronic Diseases: The prevalence of CVD is 10-15% in Middle East accounting for 34% of all deaths with ~55 Mn adults aged 20-79 years having diabetes in the region. Also, ~1-3% of population are affected with Cancer in MENA with Colorectum, lung and breast cancer being the most prevalent. The exercise services provided through fitness centres provide preventative health benefits to customers, essentially reducing the incidence of chronic diseases attributable to physical inactivity.

Dedicated Ladies Only Fitness Centres: Commercial Fitness Centers in the MENA region, especially in countries such as UAE, Saudi Arabia and Qatar are 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 are encouraging women participation.

Penetration Rate of Fitness Centers: The MENA Health and Fitness Services Market is still relatively immature compared to other countries such as UK and UK with just 1.4% of the population participating in Fitness Centres. Israel has the highest penetration rate, followed by UAE and Saudi Arabia. At the same time, markets such as Egypt, Turkey and Morocco display considerable market potential with a penetration rate of less than 1.0%. Factors such as low awareness and high membership fees restricts people to join a fitness center

Adoption of At- Home Fitness: Sedentary lifestyles and hectic schedules along with COVID19 Outbreak have led to the adoption of in-home fitness equipment. Majority of the sales growth for Matrix Fitness, i.e., 85.0% of overall sales growth is driven by home gyms during COVID 19 outbreak.

The report titled MENA Fitness Services Market Outlook to 2025F (Second Edition) – Driven by increasing health concerns resulting in addition of number of health clubs and gyms in the region by Ken Research suggested that the fitness market is further expected to grow in the near future owing to growing health conscious population, increasing disposable income, rising awareness regarding obesity and to overcome health issues such as diabetes, hypertension and cardiovascular diseases has been the major key factors which drives the demand for fitness services centers in MENA region. The market is expected to register a positive five year CAGR of 18.1% in terms of revenue during the forecast period 2020-2025F. 

Key Segments Covered in MENA Fitness Market

  • Direct Economic Impact of Fitness Centres
  • Overview of Commercial Gyms in MENA 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
  • MENA 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

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Key Topics Covered in the Report

  • Socio-Economic Landscape of MENA
  • Direct and Indirect Economic Impact of Fitness Industry in MENA
  • Overview of Commercial Gyms in MENA Health and Fitness Market
  • Snapshot of Digital Fitness Market in MENA
  • Assessment of the Indirect Economic Impact of Fitness Industry in MENA
  • MENA Fitness Equipment Industry Market Size
  • Evaluation of Premiumization on Real Estate Sector
  • Assessment of the Indirect Economic Impact of Fitness Industry in MENA
  • 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 MENA
  • Future Outlook and Projections for MENA Fitness Services Market
  • White space and Opportunities existing in the MENA Fitness Services Market
  • Research Methodology

Related Reports

Egypt Fitness Services Market Outlook To 2025F - Driven By Growing Health And Fitness Consciousness And Increasing Obesity Among Consumers In The Country

UAE Fitness Services Market Outlook To 2025F (Second Editiion) - Driven By Increasing Health Concerns Resulting In Addition Of Number Of Health Clubs And Gyms In The Country

KSA Fitness Services Market Outlook To 2025F - Driven By Technological Innovations And Inventive Training Approaches Along With Adoption Of Hybrid Model By Fitness Centers

Follow Us

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Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

support@kenresearch.com

+91-9015378249

Tuesday, November 30, 2021

MENA Health and Fitness Services Market Size 2021 By COVID-19 Impact on Industry Share, Growth, Business Challenges, Demand, Key Manufacturers: Ken Research

Executive Summary

The report titled MENA Fitness Services Market Outlook to 2025F– Driven by increasing health concerns resulting in addition of number of health clubs and gyms in the countryprovides a comprehensive analysis of the fitness industry of MENA. The report covers various aspects including the Market Size, Current Penetration, Total Number of Establishment, Total Number of Active Members, Direct Economic Impact and Indirect Economic Impact,  Socio  Economic Implications, Consumer Preferences and Trends Analysis, Major Trends and Development, Government Initiatives and COVID Impact. The report concludes with market projections for future of the industry including forecasted industry size by revenue.

MENA Fitness Services Market

Strong growth of 18.1% CAGR with a considerable expansion in the number of boutique and budget fitness centers directly contributing to the economy to drive market growth. Millennials and Gen Z make up the larger proportion of doing fitness class activities and are motivated by workout experiences that deliver on Balance, Routine and Prevention. Even with considerable growth, the MENA Fitness market is still relatively immature compared to other countries such as UK and UK with just 1.4% of the population participating in Fitness Centres. The MENA fitness market is undergoing transformation and disruption with Saudi Arabia and Israel being the two largest fitness markets contributing more than 50.0% of the Revenues for 2020. In this region, Turkey has the largest market in terms of revenue and Qatar has the greatest penetration rate.

KSA Fitness Services Market

KSA Fitness Services Market is under-penetrated market with less than ~% of the population actively participating in a fitness centres. Substantial increase in health problems since the past decade including diabetes, obesity, hypertension and others has increased the demand for fitness services in KSA. Owing to this spur in demand for fitness services, major fitness chains and gyms have been expanding their presence throughout Saudi Arabia market. Other major multinational fitness service providers such as Gold’s Gym and Curves have been taking the franchisee route to enter the Saudi Arabia market. Growing youth population in the country, along with ease in laws for women has benefitted the market. Majority of the fitness centres in KSA are clustered in prime locations such as Riyadh, Jeddah and Damman. The growing number of women-only gyms in the kingdom are reporting a booming business after grant of Licenses with Few popular Ladies only gyms such as NuYu, Sukoun Wellness, Glowfit, Kinetico and more.

Israel Fitness Services Market

Israel is a leading fitness and wellness destination with abundance of wellness retreats, spa breaks, and boot camps offering in a fitness centers with state of the art equipment. Growing awareness regarding balanced lifestyle, access to low cost budget fitness centers and growth of well equipped gyms with state-of the art equipment are fueling the market growth. Opening up of ladies dedicated gyms such as Fitwell Ladies Fitness Centers with female professional trainers to guide woman's pursuing exercises has created new segment and increased the female memberships in the country. Independent gyms and fitness centers focusing on health & fitness of the customers contributed majority of the market revenue. Major fitness chains such as Lunge Studio and Sky Gym offers a variety of services such as measuring the percentage of fat, muscle mass, abdominal fat, weekly weighing and more and accordingly composes the training and menu for an individual.

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Egypt Fitness Services Market

Egypt Fitness Services Market is a largely under-penetrated market with less than ~% of the population actively participating in a Fitness Centres. Rising disposable income accompanied with improvement in infrastructure pertaining to fitness centres are fueling the market growth. Tech-enabled high-end fitness offerings, usually backed by strong social media credentials and cult following along with budget fitness chains are expanding in Egypt. Entry of major fitness chains such as UFC, Science gym, Be Fit 360, Gold’s Gym are providing more attentive and personalized services focusing on specialized offerings to differentiate themselves and strengthen their competitiveness.

UAE Fitness Services Market

The fitness market in UAE has witnessed strong growth with a considerable expansion in the number of boutique and budget fitness centers directly contributing to the economy. Growing health conscious population, increasing disposable income, rising awareness regarding obesity and to overcome health issues such as diabetes, hypertension and cardiovascular diseases has been the major key factors which drives the demand for fitness services centers in UAE. The rise of female-only fitness centres, online fitness apps along with growth in boutique gyms are driving the commercial fitness market in the country. Disruptors, such as Gym Nation with their low-cost and big facilities along with aggregators, such as ClassPass offering classes in more than 140 gyms across the city for a set monthly fee instead of annual memberships is dramatically increasing member penetration.

Turkey Fitness Services Market

Robust growth in the Turkey Fitness Industry has been driven by increasing health concerns and awareness among the population along with strong growth in digital offerings directly contributing to the economy. The shift of the millennial generation to healthier lifestyle along with increasing disposable income and to overcome health issues such as diabetes and cardiovascular diseases has brought the importance of physical exercise to the fore driving the demand for fitness centers  over the last decade. Majority of the fitness centres in Turkey are clustered in prime locations near Istanbul and Ankara. Istanbul alone has ~400 small and medium-size fitness clubs, 25% of which were opened within the last one or two years. The increasing number of integrated services offered by the fitness centers such as Aero boxing, Zumba, Martial arts, swimming and others to the customers has intensified the demand for these services in the country.

Algeria Fitness Services Market

The fitness market in Algeria is an underpenetrated market with one of the lowest penetration rate in the MENA market. Rising awareness about health risks of a sedentary lifestyle and adoption of tech innovations for connectivity and inventive training approaches are fueling the market growth . The participation of women is on the rise as trainers, fitness influencers, and entrepreneurs in fitness industry, thereby increasing the female memberships and employment. Entry of major fitness chains such as Anytime Fitness and ENERGYM are providing more attentive and personalized services focusing on specialized offerings to differentiate themselves and strengthen their competitiveness.

Morocco Fitness Services Market

The fitness market in Morocco is an underpenetrated market with less than 15 of the population being an active member of fitness centers. However, fitness centers along with health & wellness trend in Morocco is gathering pace as more consumers have been made to question their overall health due to sedentary lifestyle. Growing youth population belongsing to the age group 15-54 years along with increasing health risks awareness amongst the population and evolving business model of fitness centers are fueling the market growth . Fitness brands are actively optimizing their business models, integrating behavioral science into health and fitness through personal and group sessions encouraging clients to focus on their fitness goals. An increasing number of yoga studios have also been opened in Morocco, accompanied by international yoga events held across the country. Majority of the fitness centres in Morocco are clustered in prime locations such as Casablanca, Marrakesh and Rabat.

Oman Fitness Services Market

Oman fitness market contributes 0.2% of the GDP facilated by new foreign players and regional expansion of the fitness clubs, gyms and centers. The expansion spreads across various systems like presence of gyms in universities, schools and hotels as well as across the major cities of the country. The market is currently placed in growth stage with strong possibility for further development at a faster pace with positive trends expected in the industry. Future growth is driven by increase in the average number of members involved and active members. Entry of major fitness chains such as Horizon fitness followed by Flex fitness and Gold’s Gym are providing more attentive and personalized services focusing on specialized offerings to differentiate themselves and strengthen their competitiveness.

Qatar Fitness Service Market 

The fitness market in Qatar has witnessed strong growth with a considerable expansion in the number of boutique and budget fitness centers directly contributing to the economy. Rise in Personal Disposable Income, High Rates of Obesity, Rising Awareness about Health & Fitness , Increased Investment in Ladies Fitness Centres, Government Initiatives and to overcome health issues such as diabetes and cancer has been the major key factors which drives the demand for fitness services centers in Qatar. Commercial Gyms generated more than 85.0% revenue in Qatar Fitness Market and is expected to grow 11.9% CAGR during the forecasted year

Key Segments Covered in MENA Fitness Market

  • Direct Economic Impact of Fitness Centres
  • Overview of Commercial Gyms in MENA 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
  • MENA 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
  • Real Estate Consultants
  • Fitness Association.

Time Period Captured in the Report:

  • Historical Period: 2015-2020
  • Forecast Period: 2020–2025

Key Topics Covered in the Report

  • Socio-Economic Landscape of MENA
  • Direct and Indirect Economic Impact of Fitness Industry in MENA
  • Overview of Commercial Gyms in MENA Health and Fitness Market
  • Snapshot of Digital Fitness Market in MENA
  • Assessment of the Indirect Economic Impact of Fitness Industry in MENA
  • MENA Fitness Equipment Industry Market Size
  • Evaluation of Premiumization on Real Estate Sector
  • Assessment of the Indirect Economic Impact of Fitness Industry in MENA
  • 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 MENA
  • Future Outlook and Projections for MENA Fitness Services Market
  • White space and Opportunities existing in the MENA Fitness Services Market
  • Research Methodology

For more information on the research report, refer to below link:

MENA Fitness Services Market Research Report

Related Reports

UAE Fitness Services Market Outlook to 2025F (Second Editiion) - Driven by increasing health concerns resulting in addition of number of health clubs and gyms in the country

Qatar Fitness Services Market Outlook to 2025F - Driven by increasing health concerns resulting in addition of number of health clubs and gyms

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

support@kenresearch.com

+91-9015378249