The Vietnam Fitness Services industry revenue has improved at a positive double digit CAGR during the period of 2013-2018. The market is placed is at mounting stage with high impending in future enlargement in both urban and sub urban locations. The entire addressable market across Vietnam for fitness services has been intensifying. Various factors subsidiary growth include substantial expenditure by establishments towards brand promotion activities & marketing comprising television advertisements, celebrity promotions, newspaper advertisement so as to conserve fitness centers reflectiveness, increasing health consciousness in populace especially within age grouping of (15-64) years. Whereas, the Saudi Arabia fitness services market has observed a tremendous growth during the past few years observing a strong double digit growth from 2012 to 2017. Speedily rising obesity rate, heart problems, and intensification in the consciousness about the personal health have boosted momentum to the market. Additionally, influences such as the collective pervasiveness of obesity amongst the youth, scaling up through franchising, snowballing urban population and mounting health concerns have propelled the fitness services market across Indonesia for numerous years during the past and this trend is projected to continue during the future.
By Region
The Americas province underwritten the uppermost revenue
percentage share in the international market as the United States of America is
the principal market of home healthcare with one of the most wide-ranging conventions
overriding the wage-earners and has manifestation of a well-organized market. The
Home Healthcare Market through European regions such as UK and Germany is also
well structured and regulated, applauded by the excessive geriatric share of
populace in such regions. The APAC region has the extreme growth rate due to the
effervescent investment choices. However, MEA region has the bottom most share
of revenue as the elderly populace is temperately lower across the region and
laws distressing to home healthcare are not prevailing in most regions.
The Australia Fitness Service market has principally been
fragmented and organized in terms of revenue engendered. The market is
dominated by the organized segment in view of the revenue, number of fitness
centers and the number of gym members. The market is exceedingly concentrated
across New South Wales, Victoria and Queensland with the intense competition.
However, the competition across the UAE fitness services market has been
decidedly fragmented as it has few foremost organized fitness service centers
which have roughly fewer outlets along with numerous other fitness centers
which are under category of unorganized fitness service centers. Foremost
competition is being propelled through specialty in services and delivering the
additional services such as swimming pool, in house juice bar, sports facility
and several others along with marketing initiatives. Dependent on the Unorganized
Fitness Centers Market, the Personal
trainers have been another prime aspect for competition amongst the organized
and unorganized fitness centers.
Market
Future Outlook
Growth during the forthcoming period is anticipated to be
supported by augment in the number of fresh entrants in the market, growth in
household disposable income of the individuals, increase in populace under the
age bracket 15 - 64 years and additional services suggest by the fitness
service centers in the market. Not only has this, Fitness
Products and Services Market Revenue
states
that the growing unhealthy eating habits, increasing
demand for personal training, enlarging geographical presence of foremost
fitness centers and expanding services portfolio will act as tailwind for
market growth.
For More Information,
refer to below links:-
Gym
And Fitness Service Centre Market
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
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