Egypt Fitness Equipment Market is expected to expand at a CAGR of ~8.5% on the basis of Revenue in between 2021-2026: Ken Research
- Launch and expansion of approximately 50 hotel projects such as Marriott, Accor and Hilton as envisaged by 2030, is expected to act as a catalyst for the increased demand of fitness equipment required at their respective fitness facilities
- Consumers shifting preference towards availing digital fitness services followed by the advent of COVID-19 will positively contribute in accelerating the demand of home-based fitness equipment such as yoga mats, resistance bands and dumbbells along with exercise bike, elliptical and treadmills in coming years
Growing Working Age Population and lifestyle diseases
Around 65.0% of the population in Egypt, majorly comprising of age group 25-40 years (working age population) suffers from lifestyle diseases which is expected spur in upcoming years due to unhealthy lifestyle and eating patterns making it mandatory for them to avail fitness services and invest 3-8 hours/week doing exercise. Also consumers belonging to this age group in Egypt are health conscious individuals who in order to maintain physical health resort to various fitness related activities such as cycling, walking and gymming among others. With the rise in awareness on the importance of physical health, the demand for high end fitness equipment will witness a surge driven by consumers belonging to this age group
The future of Fitness Equipment Market is closely knit with expanding virtual fitness equipment market
The expanding virtual fitness market will spur the demand for high-quality fitness equipment that can be easily installed at homes. Busy working professionals prefer to undertake online fitness sessions to enjoy exercising in the comfort of their homes and as per convenience. In response to the growing home fitness equipment industry, market players are launching digitally connected solutions for consumers. Consumers are leveraging the benefits of digitally connected fitness equipment to enjoy a personalized training experience through online workout classes.
Hybrid Clubs are the future
In upcoming future, the market will be driven by the hybrid clubs which are not only equipped with latest fitness equipment but will also offer bundled wellness services such as spa therapies, beauty services and salon services under a single roof. Collaboration of fitness centers with corporates, for instance, the Anytime Fitness Wellness Program encourages businesses to promote health and fitness levels of their employees are expected to increase revenues for fitness clubs and fitness equipment industry. It is also expected that the trend of 24-hour franchisee gym center will evolve in Egypt acquiring a new group of working population in fitness centers therefore increasing the demand of high-tech enabled fitness equipment.
Future Opportunities for Fitness Equipment Market in Egypt
Equipment distributors have an opportunity to cater to the surging demand of home-based fitness equipment as consumers are preferring to avail fitness services at the comfort of their home post COVID-19, which in turn will contribute to the growth of digital fitness services and equipment market in coming years. Subsequently, launch and expansion of 50 hotel projects such as Marriott, Accor and Hilton by the end of 2030 as envisaged by the government serve as an immediate opportunity for the equipment distributors to collaborate in supplying with fitness clubs, centers, universities, and hotels among others the necessary equipment demanded for their facilities.
The publication titled “Egypt Fitness Equipment Market Outlook to 2026: Driven by the avenues for empowerment, rising disposable income, increasing health concerns and home based fitness equipment” provides a comprehensive analysis of the fitness equipment industry. The report covers various aspects including fitness equipment industry market size on the basis of on the basis revenue, market overview, value chain analysis, ecosystem, operating model, gym joining decision making parameters, SWOT analysis, major trends and developments, government initiatives promoting health awareness, and impact of COVID-19. Insights on competitive landscape of fitness equipment industry, list of major distributors in Egypt, and company profile of major players along-with cross comparison between fitness equipment distributors operating in the ecosystem on the basis of company overview, revenue generated, countries served, product portfolio, revenue streams, type of customers, serviced offered, strengths, weaknesses, major clientele and key partnerships is also covered in the report. The report also covers trade scenario of fitness equipment (by imports and exports of fitness equipment from major countries), along-with end user analysis of demand side highlighting key demand clusters on the basis of region, customer decision making factors in joining fitness centers, target and service addressable market of Egypt health and fitness industry. Further report also focuses on the Egypt Fitness Equipment Market Segmentation by Type of End User (Commercial Fitness Centers & Health Clubs, Home, and Office & Hotels) By Value (In USD Mn), By Location of Manufacturing (Import and Domestic Manufacturing) By Value (In USD Mn), By Type of Customer (B2B and B2C) By Value (In USD Mn). Egypt Fitness Equipment Market report concludes with projections for the future of the industry including forecasted industry size by revenue by 2026, and analysts’ take on the future highlighting the major opportunities.
Key Segments Covered in Egypt Fitness Equipment Industry
Egypt Fitness Equipment Market
- By Type of End User
- Commercial Fitness Centers & Health Clubs
- Home Users
- Office & Hotels
- By Foreign and Domestic Manufacturing
- Foreign
- Imported
- By Type of Customer
- Business Entities (B2B)
- Private Individuals (B2C)
- Egypt Offline Fitness Market Assessment
- Commercial (Exclusive/Boutique Centers, Popular Fitness Centers, and Local Gyms & Fitness Clubs)
- Hotels and Resorts (5 Star Hotels & Resorts, 4 Star Hotels & Resorts, and 3 Star Hotels & Resorts or Less)
- Fitness Equipment Import and Export Scenario on the basis of Revenue, By Country, 2016-2020
- Economic Impact of Fitness Centers in Egypt (Direct and Indirect)
Egypt Fitness and Health Industry
- Target Addressable Market and Service Addressable Market in Egypt Health and Fitness Industry
Key Target Audience
- Fitness Equipment Manufacturers
- Fitness Equipment Distributors
- Fitness Equipment Retailers and Importers
- Commercial and Private Fitness Centers
- Hotels & Resorts
- Government Bodies
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Time Period Captured in the Report:
- Historical Period: 2016-2021
- Forecast Period: 2021-2026F
Egypt Fitness Equipment Industry Players/Ecosystem
- Manufacturers
- Cybex
- Impulse
- Octane
- Bata
- Precor
- Assault Fitness
- Life Fitness
- Hammer Strength
- Technogym
- Sci Fit
- Nautilus
- Life Span Fitness
- Nordic Track
- Bow Flex
- Concept 2
- Distributors
- Power Fitness
- Sobek sports
- Royal Tech
- Pro Fit Sports Solutions
- Fitness Sports
- Agatex
- Retailers
- Sports Mall
- Garage Gear
- Yaqeen
- GoSports
- Body Sculpture
- Intersport
- Decathlon
- Souq
- Commercial Fitness Centers
- UFC
- Science gym
- Be Fit 360
- Gold’s Gym
- Your Gym
- Private Fitness Centers
- Egypt Arab Contractors
- Coldwell Banker Real Estate LLC
- Associations
- Al Ahly SC, Pyramids FC
- Zamalek SC
- Misr Lel Makassa SC
- Ismaily SC
- Smouha SC
- Enppi SC
- Al Ittihad
- Egypt National Football Team
- Others
- Petrojet
- Abu Qir Fertilizers and Chemical Industries Company
- Air Arabia Egypt
- Air Cairo
- Air Memphis
- Air Sinai
- Al Watany Bank of Egypt
- Al Mansour Automotive
- Bank of Alexandria, Bank of Cairo
Key Topics Covered in the Report
- Socio Demographic and Economic Outlook of Egypt
- Overview of Fitness Equipment Market in Egypt
- Ecosystem of Egypt Fitness Equipment Market
- Value Chain Analysis of Egypt Fitness Equipment Market
- Operating Model of Fitness Equipment Distributors in Egypt
- Egypt Fitness Equipment Market Size on the basis of Revenue
- Egypt Offline Fitness Market Assessment
- Egypt Fitness Equipment Market Segmentation (By Type of End User, By Domestic and Imported Manufacturing, and By Type of Customer)
- SWOT Analysis
- Trends and Developments
- Government Initiatives in the Fitness Sector
- Economic Impact of Fitness Centers in Egypt (Direct and Indirect)
- Impact of COVID-19 on Fitness Industry in Egypt
- List of Fitness Equipment Distributors in Egypt (Year of Establishment, Location, Contact, Mail Id, Country of Operation, and Brand Association)
- Cross Comparison of Major Fitness Equipment Distributors in Egypt (Year of Establishment, Number of Employees, Countries Served, and Product Portfolio)
- Company Profile of Fitness Equipment Distributors in Egypt (Company Overview, Type of Customers, Services Offered, Strengths, Weaknesses, Major Clientele, and Key Partnerships, Future Developments)
- Identifying the Customer Cohorts in Egypt Health and Fitness Market
- Customer Decision Making Factors Fitness Centers
- Customer Mind-set for Fitness in Egypt
- Target Addressable Market and Service Addressable Market in Egypt Health and Fitness Industry
- Analyst Recommendations
- Industry Speaks
For more information on the research report, refer to below link:-
Egypt Fitness Equipment Market Outlook to 2026
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