Showing posts with label Egypt Fitness Equipment Market Growth. Show all posts
Showing posts with label Egypt Fitness Equipment Market Growth. Show all posts

Monday, July 11, 2022

Future Outlook of Egypt Fitness Equipment Market, 2021-2026E

 

Fitness equipment market is expected to expand at a five-year CAGR of ~XX% in between 2021 and 2026 on the basis of revenue generated. It is anticipated that fitness equipment industry will grow at a substantial rate owing to factors such as the rising health concerns among population suffering from non-communicable diseases namely, obesity and chronic diseases due to unhealthy lifestyle, establishment of organized fitness centers with diversified services along with various government initiatives such as “100 Million Heath” and “Your Bike, Your Health campaign”  to encourage people to regularly engage themselves in physical and fitness activities. Coupled with that, determinants such as launch and expansion of nearly 50 hotel and resort project such as Marriott, Accor and Hilton by the end of 2030 as envisaged, will also contribute in the increased demand of fitness equipment at these facilities. The market is poised to gain significant traction with the rise in the number of women centric health clubs and fitness centers incorporating advanced equipment catering to the changing health patterns and consumer demands. On the other hand, high set up or installation cost of devices or equipment and rising demand for resale of used fitness equipment for saving cost are estimated to obstruct the market’s growth within the above-mentioned forecast period.

Research Methodology

Market Definitions and Assumptions:

  • Egypt Fitness Equipment Market: Fitness equipment market is defined as the revenue generated through sales of all types of mechanical and non-mechanical devices and apparatus used during physical activity, which directly or indirectly enhance the strength, conditioning and accessibility of the user. Fitness equipment can be classified into two broad categories: Cardiovascular Equipment and Strength Training Equipment. Fitness consumables such as accessories (belts, gloves), resistance bands, steppers, etc have not been included as a part of the market.
  • Strength training equipment: is defined as the set of mechanized and non-mechanized devices used to enhance physical strength and build muscles. Some examples are – dumbbells, kettlebells, barbells, weight plates, benches and body part specific weight training machines.
  • Fitness centers and Health Clubs are defined as commercials establishments, which house fitness equipment for physical activities. Private Fitness Centers and Health Clubs are used for personal purposes or for the internal use by residents of housing complexes. Commercial Fitness Centers and Health Clubs offer paid services on a pay-per-use or paid subscription basis.
  • Fitness equipment distributors: are defined as business that procure products directly from manufacturers in the same geography and sell them directly to end users via retail outlet or to other retailer.
  • Importers on the other hand are businesses, which procure products from manufacturers or suppliers in other geographies for the purpose of wholesale or retail distribution.
  • Establishments: Number of Establishments are inclusive of all Commercial Gym Centers(Exclusive Gym Centers, Popular and local Gyms), Hotel Gyms, Gyms in Compounds and Residential Townships and Universities present in Egypt.
  • Commercial A Gym Centers are Exclusive/ Boutique Gyms providing Unique Class Concepts, Personal Customised Training and more individual attention to the clients.
  • Commercial B Gym Centers are Popular Fitness Centers having Branches at Multiple Locations all Over Egypt. They have generally Huge target Audience and Provide Multiple Fitness training with Class Schedules.
  • Commercial C Gyms are Local Gyms and Fitness Centers that have access to limited Gym Equipments and have 1-2 branches all over the country.
  • Hotels includes all the Hotels gyms that provides gym access to outsiders apart from their in-house guest through monthly, quarterly, half yearly and annual memberships.
  • Compounds and Universities will not generate Revenues as they are maintained by residential communities and university authorities. The gym facility is provided as an additional service to the members and the fees is included in the maintenance charges and college fees.

Market Sizing Approach:

  • Hypothesis Creation: After analyzing the major industry factors a hypothesis is framed about the market size based on reports from magazines, journals, online articles, government, market association, industry articles and many others. We have used both public and proprietary databases to define the market and collect data points about the same.
  • Hypothesis Testing: The research team conducted computer assisted telephonic interviews (CATIs) with several industry professionals such as Fitness Equipment Distributors, Commercial Gym Center Procurement Managers, Equipment Manufacturers and Others to collect their insight and industry pattern about Fitness Equipment market.
  • Future Forecasting Methodology: The outlook of industry estimated was further sanity checked with respect to the interviews conducted with industry veterans, gym managers and C-level executives regarding all the important parameters of the fitness industry.

Market Assessment:

To derive the revenue of the Fitness Equipment Market in Egypt, our team followed a streamlined approach which has been described below:

  • Primary interviews across Egypt with Fitness Centres, Hotel Establishment, Real Estate Agents, Universities and other Industry Veterans etc. through CATI Mode. In this method, interviews are carried out by telephone and are guided by a questionnaire displayed on the screen of a computer. The interviewer records answers via the keyboard to correspond with the pre-coded responses displayed on the screen. The advantage of this method is that, there would be high accuracy as participants can clear their queries related to any questions and we can probe them on answers within the interview on a real time basis which would eliminate any chance of incorrect responses or biasness.
  • We ensure that all the questions have been duly inculcated and the desired outcome is achieved post the completion of the process.
  • The interview comprised of both subjective as well as objective questions to understand the industry challenges, growth drivers, price points, margins, overall market scenario and other relevant details.

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)

Request for Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTM4OTQw

  • 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

Related Reports

Egypt Fitness Services Market Outlook to 2025F - Driven by Growing health and fitness consciousness and Increasing Obesity among Consumers in the Country

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

UAE Fitness Equipment Market Outlook to 2026: Driven by rising disposable income, increasing health concerns, growth of commercial fitness centres and home based fitness equipment

KSA Fitness Equipment Market Outlook to 2026: Driven by the growing demand of advanced fitness equipment by fitness clubs and government initiative to launch women centric fitness centers

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Ankur Gupta, Head Marketing & Communications
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Wednesday, April 13, 2022

Egypt Fitness Equipment Market - Growth, Share, Trends, Size and Forecast 2026: Ken Research

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Launch of Women Centric Fitness Clubs and Government Initiatives

Focus of government to improve the physical health of women in Egypt as part of Egypt Vision 2030 will lead to launch of women centric fitness clubs. Coupled with that initiatives undertaken by government such as “100 Million Health”, “Annual Sponsored Events such as Marathon Cairo Event” and “Your Bike, Your Health” campaign to improve physical conditions of people due to rising health concerns such as obesity, and cardio vascular diseases in Egypt has resulted in the growth of fitness equipment market in between 2016 and 2021.

Specialized Fitness Programs

Specialty fitness programs that focus on a particular style of exercise, piece of equipment or even philosophical approach are exploding across the country in recent years. Increasing equipment and facility spaces in fitness clubs, such as hot yoga studios, high altitude training rooms, metabolic testing equipment and day spas are gaining popularity among the consumers. The extensive use of fitness equipment for these purposes are paving a path for the fitness equipment distributors to integrate the market.

Import and Export Scenario of Egypt Fitness Equipment Market

Majority of the fitness equipment imported in Egypt in 2020 were from China, USA and Italy; with China contributing to majority share of 64.4% of the overall imports in 2020 on the basis of revenue generated. Preference of consumers for high-tech enabled equipment in turn contributes to the increased demand of fitness equipment of foreign brands rather than domestic brands. Coupled with that, lack of domestic manufacturer’s ability to produce high end fitness equipment serve as a major threat to the domestic fitness equipment industry in Egypt.

Impact of COVID-19 and Surging Demand for Home Based Fitness Equipment

In 2020, fitness equipment industry experienced a temporary downfall owing to the impact of COVID-19 on industry leading to closure of the fitness centers and health clubs due to country wide lockdown. With mandatory protocol such as to avoid physical contact and maintenance of social distancing to prevent the transmission of virus restrained a major chunk of population from availing fitness services in fitness centers and health clubs. These factors have however led to increased demand of home-based fitness equipment yoga mats, resistance bands and dumbbells along with exercise bike, elliptical and treadmills and adaptation to digital fitness services, as people preferred to follow fitness regimes at their home to ensure safety. Also, increased awareness on health and hygiene followed by the advent of COVID-19 is acting as a catalyst for the surging demand of fitness services across Egypt as people are inclined towards improving their physical health. This in turn has contributed in rising number of commercial fitness centres and clubs which is positively contributing in the growing demand of fitness equipment. 

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 Equipmentprovides 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, Office & Hotels) in Value (In USD Mn), By Location of Manufacturing (Foreign and Domestic Manufacturing) in Value (In USD Mn), By Type of Customer (B2B and B2C) in 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

Request for Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTM4OTQw

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

Related Reports

Egypt Fitness Services Market Outlook to 2025F - Driven by Growing health and fitness consciousness and Increasing Obesity among Consumers in the Country

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

UAE Fitness Equipment Market Outlook to 2026: Driven by rising disposable income, increasing health concerns, growth of commercial fitness centres and home based fitness equipment

KSA Fitness Equipment Market Outlook to 2026: Driven by the growing demand of advanced fitness equipment by fitness clubs and government initiative to launch women centric fitness centers

Follow Us

LinkedIn | Facebook | Twitter YouTube

Contact Us: 
Ken Research

Ankur Gupta, Head Marketing & Communications
Support@kenresearch.com
+91-9015378249