The report titled “Egypt Fitness Services Market Outlook to 2025F – Driven by Growing health and fitness consciousness and Increasing Obesity among Consumers in the Country” provides a comprehensive analysis of the fitness industry of Egypt. The report covers various aspects including the Market Size, Current Penetration, Total Number of Establishment, Total Number of Active Members, Direct Economic Impact and Indirect Economic Impact, Socio Economic Implications, Consumer Preferences and Trends Analysis, Technological Disruptions, Major Trends and Development, Government Initiatives and COVID Impact. The report concludes with market projections for future of the industry including forecasted industry size by revenue.
Egypt Fitness Services
Market
Egypt Fitness Services Market is a largely under-penetrated
market with less than ~% of the population actively participating in a Fitness
Centres. Rising disposable income accompanied with improvement in
infrastructure pertaining to fitness centres are fueling the market growth. Tech-enabled
high-end fitness offerings, usually backed by strong social media credentials
and cult following along with budget fitness chains are expanding in Egypt.
Analyzing the Direct Economic Impact of Fitness
Industry in Egypt
The
fitness industry in Egypt is expanding significantly over the last few years
with increase in the awareness around obesity and other chronic disesases
perturbed by low physical activity. This is posterized by increase in the
number of fitness centers and gymnassiums in the country. Medium sized fitness
centers dominate the sector genearitng ~70.0%
of commercial fitness industry revenue and employing fewer than 10 people each
during 2020.
Commercial
Gyms: Currently, most fitness brands in the market are
positioned towards the mid-to-low end of the market, targeting the mass public.
Entry of major fitness chains such as UFC, Science gym, Be Fit 360, Gold’s Gym are
providing more attentive and personalized services focusing on specialized offerings
to differentiate themselves and strengthen their competitiveness.
Hotels/Resorts:
Egypt
only hosts a small number of hotels operated by indegenious chains with
fitness centers, with options limited to
a handful of establishment spread across the urbanized regions. A substantial
number of facilities such as Safir Hotel Cairo, Helnan Dreamland Hotel Inn have
been opened in urban areas such as Cairo and Alexandria, thereby increasing the
number of hotel based fitness center establishments.
Assessment of the
Indirect Economic Impact of Fitness Industry in Egypt
The fitness
market has a ripple effect on other sectors such as fitness equipment industry,
construction, real estate, apparel and footwear and technology. Sedentary
lifestyles and hectic schedules along with COVID19 outbreak has resulted a
spike in the number of people working out from homes to avoid getting infected,
thus fueling the adoption of in-home fitness equipment. Fitness Machine,
Exercise Equipment, Treadmill & Cardio Equipment are the best selling
equipments in Egypt Fitness Equipment Market.
Assessment the Socio-Economic Implications for Fitness
Industry in Egypt
The exercise services provided
through fitness centres provide preventative heath benefits to customers,
essentially reducing the incidence of chronic diseases attributable to physical
inactivity. Assuming a significant percentage of the population affected with
lifestyle diseases goes to a fitness centre, the estimated savings in direct
health care costs from Egypt’s fitness centres is high in the country. The
largest component of this saving arises from the avoided costs of
cardiovascular disease in a year along with increase in workforce participation
and increase in workforce productivity.
Egypt Fitness Market Future
Outlook and Projections
The fitness market in Egypt is
expected to experience double digit growth due to rapidly rising interest in
all kinds of wellness-related behaviors and lifestyles accompanied by
accelerating consumer spending. The
offline fitness centers in Egypt Health and Fitness market is expected to contribute
majority of the revenue share with online fitness market anticipated to show a
double digit growth of more than 30.0% CAGR in the forecasted year.
Key
Segments Covered in Egypt Fitness Market:-
Direct Economic Impact of
Fitness Centres
Overview of Commercial
Gyms in Egypt 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
Egypt
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 Egypt
Direct and
Indirect Economic Impact of Fitness Industry in Egypt
Overview of
Commercial Gyms in Egypt Health and Fitness Market
Snapshot of
Digital Fitness Market in Egypt
Assessment
of the Indirect Economic Impact of Fitness Industry in Egypt
Egypt Fitness
Equipment Industry Market Size
Evaluation
of Premiumization on Real Estate Sector
Assessment
of the Indirect Economic Impact of Fitness Industry in Egypt
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 Egypt
Future
Outlook and Projections for Egypt Fitness Services Market
White space
and Opportunities existing in the Egypt Fitness Services Market
Research
Methodology
For more information
on the research report, refer to below link:-
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