Morocco Fitness Services Market- Growth Rate, Trends, Share & Forecasts: Ken Research

 

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Increasing Health Risks Awareness amongst the population along with Evolving Business Model of Fitness Centers to drive market growth: Ken Research

• Growth in the Fitness Industry will be triggered by a 8.0 % increase in the number of clubs across the country driving a total increase in members by 10.7 % and contributing 0.1% to GDP
• Increasing awareness about the consequences of lifestyle related diseases such as obesity that include high blood pressure, heart strokes, and diabetes are expected to intensify the number of subscribers in Morocco.
• Studios are expected to adapt to the online space post pandemic and expand their offerings by providing digital fitness application with personalized training and highly discounted one-on-one virtual personal training sessions.

Services Diversification: The growth in the commercial fitness centers would be facilitated by the increase in number of value added services like Pilates, Zumba, Martial Arts, Spa, Jacuzzi, salon, aqua aerobics, yoga & others. Consumers are expected to engage with fitness and wellness companies more than ever before in an attempt to adopt healthier lifestyles and build supporting communities.

Growth in Number of Hotel based Fitness Establishments: Opening of additional five star properties and expansion of star hotels such as Radisson and Hyatt will positively affect the market. In 2021, 12 extra hotels will open their doors and add 1,810 rooms and another 11 projects have been lined up for completion in 2023 and beyond, thereby increasing the establishments of fitness centers.

New Business Models to gain traction: 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. Offering pay per class model to provide flexibility and convenience and encourage participation in all age groups will intensify the number of subscribers.

The report titled “Morocco Fitness Services Market Outlook to 2025F – Driven by fitness-related policies, Increased awareness and popularization of fitness centers” by Ken Research suggested that the fitness market is further expected to grow in the near future owing to increasing health risks awareness amongst the population, evolving business model of fitness centers along with growth of fitness enthusiast population and female only fitness centers in Morocco. The market is expected to register a positive five year CAGR of 18.5% in terms of revenue during the forecast period 2020-2025F.

• Direct Economic Impact of Fitness Centres
• Overview of Commercial Gyms in Morocco 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 Hospitals
• Overview of Fitness Centres in Sports Clubs and Govt. Organizations

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

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

Fitness Services Market in Morocco: Ken Research

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Best Market Research Consultants In India Uses Latest Tools To Provide Accurate Data: Ken Research

Market research is the most important aspect of any business. Market research denotes to the procedure of systematic collection, analyzation and interpretation of data connected to a specific market, customers, and dissimilar players in the market to evaluate the feasibility of the product/service in the market. Considering the present highly competitive business environment, market research is an indispensable part of the business strategy to accomplish the growth.

Going to a best market research consultants in India is an imperative step in ensuring the accomplishment of your business. They can deliver you with the information you require to make informed decisions about your product or service. They can also assist you understand your target audience and progress strategies to stay ahead of the competition.

There are several reasons you should go to a market research agency. They can assist you understand your

• Target audience,
• Track customer satisfaction,
• Gather feedback about your product or service.

They can also deliver the valuable insights into industry trends and assist you develop strategies to stay ahead of the competition.

Market research companies have the resources and expertise to deliver the comprehensive and correct data. They use several methods to collect information, involving the research and surveys, focus groups, and interviews. This data can assist you make tough decisions about your business.

Best Market Research Consultants in India will bring your business one step closer to your clients. You will understand how they are, their demographics, and what they actually want. This information will in turn have you operational on the imperative aspects of emerging real solutions to your customer’s necessities. When you understand such aspects, you will have the competence to make your customers happy.

In addition, in the procedure of your market research, you would have recognised the biggest issues which are being faced by your customers. Take the compulsory time required to progress appropriate solutions to these issues. You will also be able to find the product acceptance rating after accompanying your research. If this rating has gone down, you necessitate to figure out why it has gone down after analysing your research. Utilize this new information to solve any market challenges and stay afloat in the business.

Best Market research consultants in India have a lot to offer your business. With the right market research, your business could benefit a lot. Ken Research, a market research firm, will be of abundant help to your business. They will work towards guiding your business and achieving all your business objectives.

In addition, we are committed to delivering its clients with the finest possible service and value for their money. The company’s primary aim is on delivering the quality market research services to its customers so that they can make well-informed decisions about their businesses. Our team of analysts utilizes the up-to-date market research techniques and tools to deliver the accurate and dependable data to its clients.

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Europe Electric Powertrain Market by Component, by Electric Vehicle, by Powertrain, by Vehicle, and Major Countries, Market Size and Growth, Market Outlook and Forecast by Revenue (2017-2027): Ken Research

 Electric Powertrain Market Definition and Overview

An electric powertrain powers the vehicle by producing energy to propel the vehicle forward. It comprises various components such as electric motors which converts electric energy into mechanical energy and delivers it to wheels through single transmission, a battery to store energy that is needed to propel the vehicle, DC-DC converter which helps to distribute power to different systems in a vehicle and a charger to control the amount of the current flowing in the battery pack. It also has several advantages such as higher efficiency, an electric vehicle converts 80% of the energy used to its usable power whereas the conventional vehicle converts only 20%, low- maintenance cost, high durability over an internal combustion engine (ICE) in conventional cars.

Europe Electric Powertrain Market Outlook, Drivers, and Challenges

The electric powertrain market in Europe is expected to grow at a rate of more than 10% CAGR over the next five years. The electric powertrain vehicles are predicted to be a leading future component of Europe’s mobility system, as it helps in the reduction of the impacts on climate change, health, and ecosystem. Major automobile companies such as BMW Group, Daimler, Ferrari, Ford etc. are shifting away from ICE vehicles to electric vehicles, leading to fully electrified sales over the coming years. During the first quarter 2022, the market share for Battery Electric Vehicles (BEVs) doubled as the sales across the European continent increased. Government policies, incentives, falling battery prices, and declining lifetime cost of ownership are also some of the dominant factors that are anticipated to propel the growth of the market during the forecast period.

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The government of Europe plans to shift away from combustion engine-powered vehicles and proposed a ban on the sale of ICE vehicles by 2035, seeking to step up against climate change through the faster adoption of electric vehicles. Furthermore, incentives are contributing to the growth of the market as there are seven European countries such as Belgium, France, UK, Germany, Norway, Netherland, and Sweden offering bonus payments and reducing tax. Countries like UK, France, and Norway are aiming to completely ban the sales of internal combustion (ICE) vehicles by 2030 while countries like Germany and Spain are targeting to ban the sales by 2040.

To fully decarbonize the EU road transport by 2030, electrification plays a vital role in the demand for electric vehicles. Currently, passenger cars contribute 12% of carbon dioxide (CO2) emissions in Europe. By increasing environmental awareness and reducing emissions, more people will be encouraged to opt for electric cars. Also, manufacturers are focusing on initiating innovative and efficient electric powertrain solutions for all types of vehicles which is considered to be an important driving factor of market growth.

Making battery management systems cost-effective with high performance is quite challenging, resulting in EV less attractive as it will be expensive. Lack of fast charging infrastructure is also a considerable roadblock as there is limited access to public charging stations in Europe.

Europe Electric Powertrain Market Value Chain Analysis

The electric powertrain value chain consists of raw material suppliers, components manufacturers, electric powertrain manufacturers/assemblers, and electric vehicle manufacturers (end users). Raw materials collected are processed and sent to further manufacturing. The materials are then used for the production of the vehicle components. The component includes electric motor, transmission, battery, DC/AC, and DC/DC converters, capacitors, the braking system, structural components, wheels, and the base vehicle. Electric powertrain manufactures then assemble to prepare the final product.

 Europe Electric Powertrain Market Segmentation

The Electric Powertrain Market can be split into two major categories based on Vehicle type as Passenger Cars, and Commercial Cars. Motor/Generator, Battery, Battery Management System (BMS), Thermal Management System, DC/AC Converter, DC/DC Converter, Body Control Module, and On-Board Charger are the Components-based segments in the market. Based on the Electric Vehicle type, the market is categorized as Hybrid Electric Vehicle (HEV)/ Plug-In Hybrid Electric Vehicle (PHEV), Battery Electrical Vehicle (BEV), and Mild Hybrid Electrical Vehicles (MHEV). Based on powertrain type, the market can be segmented as BEV Powertrain, MHEV Powertrain, Series Hybrid Powertrain, Parallel Hybrid Powertrain, and Series-Parallel Hybrid Powertrain. Geographically, the major country markets in Europe are Norway, The Netherlands, Germany, UK, and Sweden.

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Europe Electric Powertrain Market Competitive Landscape of Major Competitors

Some key competitors in the Europe electric powertrain market are Bosch, Continental AG, Magna International Inc., Hitachi, DENSO Corporation, AVL, Siemens and Tesla.

Impact of COVID-19 on Europe Electric Powertrain Market

The pandemic of Covid-19 had a positive impact on Europe electric powertrain market in 2020. According to the International Council on Clean Transportation, the European electric vehicle (EV) market experienced remarkable growth in 2020, posting a 143% increase in sales of passenger electric cars from 2019. The sales in 2020 made Europe the biggest EV market globally, surpassing China and the US. Although sales of all new cars in Europe decreased by 20%, the increase in EV sales boosted the EV share to 11%. Both battery electric vehicles (BEV) and plug-in hybrid electric vehicles (PHEV) have jumped into the air, not only in terms of market share but also in overall terms. In Germany, sales of PHEV vehicles from January to June increased from 47,584 in 2019 to 93,848 in 2020. Similar trends were observed across other countries in Europe.

Key Segments Covered in Europe Electric Powertrain Market:-

Europe Electric Powertrain Market By Component

Motor/Generator

Battery

Battery Management System (BMS)

Thermal Management System

DC/AC Converter

DC/DC Converter

Body Control Module

On-Board Charger

Europe Powertrain Market By Electric Vehicle Type

Hybrid electric vehicle (HEV) / Plug-In Hybrid Electric Vehicle (PHEV)

Battery Electric Vehicle

Mild Hybrid Electric Vehicles (MHEVs)

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Europe Electric Powertrain Market By Powertrain Type

BEV Powertrain

MHEV Powertrain

Series Hybrid Powertrain

Parallel Hybrid Powertrain

Series-Parallel Hybrid Powertrain

Europe Electric Powertrain Market By Vehicle Type

Passenger Cars

Commercial Vehicles

Europe Electric Powertrain Market By Geography and Major Countries:-

Germany

UK

France

The Netherlands

Sweden

Key Competitors in Europe Electric Powertrain Market:-

Bosch

Continental AG

Magna International Inc.

Hitachi

DENSO Corporation

AVL

Siemens

Tesla

Time Period Captured in the Report:-

Historical Period: 2017-2021

Forecast Period: 2022-2027F

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Key Target Audience:-

Electric Vehicle Manufacturers

Battery Manufacturers

Vehicle Electronics Manufacturers

Electric Vehicle Motor Manufacturers

Automobile Technology Research Organizations

EV Charging Solution Providers

Automobile Manufacturing Industry Associations

Automobile Regulatory Organizations

Environment Control and Emission Regulatory Organizations

Transportation Ministries

Electric Vehicle Industry Forums

Raw Material Suppliers for Electric Vehicles

Components Suppliers for Electric Vehicles

Potential Investors in Electric Vehicle Companies

For any queries or feedback, reach out to the author at Support@kenresearch.com

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

ankur@kenresearch.com

+91-9015378249

UAE Fitness Services Market- Growth, Trends, Covid-19 Impact & Forecasts: Ken Research

 

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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: Ken Research

Commercial gyms are becoming more diversified, with boutique studios & growth of ladies only fitness centres contributing to its rapid growth

Focus towards offering group classes exercises which includes Pilates, Cross fits, Zumba, Aerobics, Martial Arts and many others will be key to success for independent gyms.

Increase in demand of REPs certified personal trainers among customers of fitness centers in both organized and unorganized fitness center market would lead to revenue growth for fitness centers.

Digital Fitness and At- Home workouts will gain traction in the near future as majority of the population intend to make virtual classes a regular part of their routine post pandemic.

Evolution of Consumer Preferences: Catalyzed by the pandemic, awareness of exercise has increased rapidly with consumers shifting towards virtual classes such as using pre-recorded video and livestream classes to carry out their exercises. Leading tech-giants are collaborating with market leaders in the fitness industry to foray into the market as consumers are inclined toward digital fitness subscriptions than traditional gym memberships.

Growth in Number of Establishments: Growing interest in fitness among the middle class along with the rise of lower-cost alternatives such as Gym Nation, Metro Fitt, and Snap Fitness is expected to disrupt the industry.

Impact of COVID 19: Increasing health awareness post COVID along with significant growth in all women gyms as rules are liberalized for women in UAE will increase active participants in fitness centers. As outdoor exercise avenues such as gyms and fitness centers have closed or are offering restricted access, indoor exercise options are leading customers who are fitness oriented towards at-home alternatives for a healthy and active lifestyle.

The report titled “UAE 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 country” 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 UAE. The market is expected to register a positive five year CAGR of 10.9% in terms of revenue during the forecast period 2020-2025F.

Key Segments Covered in UAE Fitness Market

Direct Economic Impact of Fitness Centres

• Overview of Commercial Gyms in UAE 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

• UAE Fitness Equipment Industry Market Size
• Evaluation of Premiumization on Real Estate Sector
• Estimated Cost of Constructing a Fitness Centre
• Technological Disruptions for Fitness Centres in UAE

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

For More Information on the Research Report, refer to below links: -

UAE Fitness Services Market

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Due to increase in disease burden and growing medical tourism there would rise in future resulting in the high demand of medical device in Thailand: Ken Research

• Demand for Medical devices in Thailand is expected to grow as there is an increase in the aging population and growing significance as a manufacturing hub.
• High disease prevalence and demand for specific diagnosis is expected to drive the demand further with the introduction of technologically advanced equipment in the country.
• The creation of a world-class healthcare sector is a top priority for the Thailand and the healthcare sector is expected to advance and expand significantly in the next few years which will support the growth of Medical Device Market in the country.

Thailand’s Expanding Healthcare Infrastructure: Thailand’s growing healthcare infrastructure is boosting the Medical Device Market in Thailand. Along with it, the increase in import volume in the healthcare sector will boost the demand for Medical Devices in the country. Thailand’s growing healthcare infrastructure has been attracting major players from around the world to meet the growing demand for Medical Devices. Apart from the European and American manufacturers many Chinese and Korean manufacturers are also targeting the high potential Thailand Medical Device Market.

High disease prevalence of ischemic heart disease in Thailand Ischemic Heart Disease remains the largest cause of mortality in the country. To cope with the high volume of cases, human resource capacity in this area is generally higher than that of other medical specialties.

Import Dependent Market: Thailand Medical Devices Market is an import dependent market with 90% revenue generated in 2020 and devices imported from countries such as Germany, Japan and China. Local production limited to prototype units, spare parts and disposables such as surgical gloves, syringes, and needles. The lower share of domestic production is majorly due to lack of capabilities and fewer numbers of local manufacturing companies in the Thailand.

The report titled “Thailand Medical Device Outlook to 2026F – Driven by prevalence of chronic diseases in the country combined with the government’s supportive policies and the BOI’s incentives.” provides a comprehensive analysis on the status of the medical device market in Thailand. The report covers various aspects including the current market scenario in Thailand, procurement and pricing trends, market potential of each medical device, major growth drivers, tech disruptions and innovations, and competition benchmarking. The report concludes with market projections for future of the industry including forecasted industry size by revenue and business activity.

Key Segments Covered

• By Type of Business Activity

• Import
• Local Production

• By Mode of Selling

• Distributor Mediated
• Direct Sales

• By Type of Device

• Medical Consumables
• Diagnostic Imaging Products
• Respiratory Products
• Dental and Orthopedic Products
• Cardiac Device
• Hospital Furniture
• Auxiliary Devices
• Ophthalmic Devices
• Dialysis Machine
• Others

• By Type of Medical Consumable

• Indoor surgical Gloves and Masks
• Syringes, Needles and Catheters
• Intravenous Administration Set
• Sutures and catgut
• Infusion Pumps
• Ostomy
• Bandages, Dressings and Others

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By Type of Diagnostic Imaging Product

• CT Scan
• X-ray Based Products
• Ultrasound
• MRI
• Electro diagnostic apparatus (Functional Examination)
• ECG
• Others

• By Type of Cardiac Device

• Angioplasty Device
• Cardiac Rhythm Management
• ICD
• Implants
• Pacemakers
• Heart-Lung Machines
• Others

• By Type of Respiratory Products

• Oxygen Concentrator
• Nebulizers
• Humidifier
• Ventilators
• Airway Pressure devices
• Others

• By Type of Dental and Orthopedic Products

• Orthopedic Appliances
• Artificial teeth and dental fittings
• Dental appliances
• Surgical Belts
• Trusses
• Crutches
• Others

Companies Covered

Manufacturing Companies

• Nipro (Thailand)
• Hoya Optics
• Kawasumi Laboratories
• Meditop
• GE Medical Systems (Thailand)
• Eyebiz Laboratory (Thailand)
• Emerald Nonwovens Internationa
• Infus Medical (Thailand)
• M.E. Meditek

Distributor Companies

• MindMedical
• Unitech Healthcare Co. Ltd.
• R.X. Company
• Kha Bangkok
• Bangkok Unitrade
• Gateway Healthcare Co. Ltd.
• Medical intensive care co. ltd
• Thai hospital products co. ltd
• iCare medical co ltd
• DKSH (thailand) co. ltd
• BJC Healthcare
• Prime medical co. ltd
• Siam pharmaceutical

Key Topics Covered in the Report

• Executive Summary
• Thailand Medical Device Market Future Outlook
• Overview of Thailand Healthcare System
• Thailand Medical Device Market Introduction and Overview
• Industry Life Cycle and Value Chain of Thailand Medical Device Market
• Key Market Drivers in the Thailand Medical Device Market
• Demand & Supply Side Ecosystem, Preferences & Trends across Thailand Medical Device Market
• Thailand Medical Device Market Size by Revenue
• Thailand Medical Device Market by Type of Devices and Sub Segments
• Thailand Medical Device Market by End Users
• Thailand Medical Device Market by Regions
• Competitive Factors and Assessment in Thailand Medical Device Market
• Market Trends and Development
• Market Issues and Challenges
• Government Rules and Regulations
• Thailand Medical Device Market Future Outlook
• Upcoming Technologies in the Medical Device Market
• Analyst Recommendations

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Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Support@kenresearch.com

+91-9015378249