Rise in the number of additional services, growing health consciousness
among people under the age bracket (15-64) has driven the Fitness Services
Market in Vietnam.
The report
titled “Vietnam
Fitness Services Market Outlook to 2023 - By Subscription Period, By Organized
and Unorganized, By Revenue Streams (Membership Fee and Personal Trainer Fee)” by Ken Research suggested that
the Fitness Services market in Vietnam has been increasing due to rising fitness awareness
among people, surge in disposable income, expansion in service portfolios of
organised fitness service centres and increasing penetration of organized gyms
in sub urban areas. The market is expected to register a positive CAGR of 19.5%
in terms of revenue during the forecast period 2018-2023E.
Rising
Obesity Rate: In Vietnam, it has been witnessed that the obesity
rate has increased over the past five years. The obesity rate has grown at a
CAGR of 8.4% during the period 2013-2018. Moreover, in future it is anticipated
that obesity will reach 3.6% by the year ending 2023E. However, to cater the
obesity problem in the country, Fitness centres such as Calikids, AKC Fitness,
Nutrifort Fitness and several others has started helping children to lead a
healthy life by providing them fitness training.
Dominance of
Unorganized Gym Centres: One of the major reasons behind surging growth of the
unorganised fitness centres is the low membership fees and easy accessibility
of fitness centres from a customer’s house as they are majorly present in the
housing locality only. People which are still looking forward to built their
body into a muscular one usually focus towards unorganised fitness centres as
these centres generally provides hardcore gym training to its customers.
Rising
Popularity of Artificial Mountain Climbing: In Vietnam,
majorly in Ho Chi Minh City artificial climbing is very popular among people.
Artificial mountains are designed with rugged and steep slopes making it a
complex and exciting exercise. Kick boxing is also a current trend among young
people. Various organized fitness centres such as California Fitness and Yoga
Center, Fit24, Citigym and others are offering kick fit as a service.
Surge in
Demand of Group Exercise: Increase in group exercise such as Zumba, Pilates,
cross fit, Martial Arts, Power Yoga is also contributing to the growth of the
fitness service market as in future majority of the new fitness centres will be
looking forward to offer these services at lower rates to capture majority of
the customers into their fitness centres. Currently these group exercises has
been majorly offered in organised fitness centres only but in future it has
been expected various new unorganised fitness centres will also provide
facility of group exercise to their customers to remain into the competition of
the market.
Key Segments Covered:-
By Type of Market (Number
of Gym Members and Number of Gyms)
Organized Market
Unorganized Market
By Source of Revenue-
Membership Fee
Personal Training
By Number of Gyms by Subscription Fee-
VND 0-5 Million
VND 5-12 Million
Above VND 12 Million
By Subscription Period-
1 Month
3 Month
6 Month
12 Month
Key Target Audience:-
Organized and Unorganized
Fitness Centres
Fitness Equipment Manufacturers
Sports Authority
Private Equity Firm
Fitness Training and Trainers Associations
Time Period Captured in the Report:-
Historical Period: 2013-2018
Forecast Period: 2019-2023
Major Fitness Centres Covered:-
California Fitness and Yoga Centre
Elite Fitness
Fit24
AKC Fitness
MMA Gym Fitness Centre
Citigym
Curves
Nutrifort Fitness
Advance Fitness
Yoga Center – VYOGA World 3/2
Star Fitness HCM
Diamond Fitness Center
Times Plus Fitness and Yoga
Body Fit Fitness and Yoga
Platinum Fitness and Kinesis
VShape Fitness & Yoga Center
Swequity Ultimate Fitness
Thanh Hai Gym
N Club
Vital fitness and yoga center
MD Fitness
Lykos Kickfitness Center
N-shape Fitness
KBE Fitness
AE Fitness
Universal Yoga
New Fitness and Yoga
Fitness and Yoga Centre Igym
Olympic Nha Trang Gym & Fitness
CLB gym T&V Fitness
Hanoi Kendo Club
Teekiu Fitness
Body SHAPE Gym
Keywords:-
Vietnam Fitness Services Market
Fitness Services Industry
Vietnam
Vietnam Fitness Club Market
Vietnam Yoga Market Revenue
Vietnam Gym Industry Size
Number of Gyms in Vietnam
Vietnam Fitness Services Sales
Fit24 Fitness Services Market
Curves Fitness Services Market
AE Fitness Services Market
Vietnam Fitness Services Market
Scope
Vietnam Yoga Industry Analysis
Vietnam Private Equity Firms
For more information, refer to
below link:-
Related
Reports:-
Contact
Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
