Showing posts with label Egypt Fitness Services Industry Research Report. Show all posts
Showing posts with label Egypt Fitness Services Industry Research Report. Show all posts

Friday, November 12, 2021

Egypt Fitness Services Market Outlook to 2025F: Ken Research

The report titled Egypt Fitness Services Market Outlook to 2025F – Driven by Growing health and fitness consciousness and Increasing Obesity among Consumers in the Countryprovides 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.

Schools/Universities: A strong growth in school and university  based fitness centers have been observed as overweight and obesity among school children constituted an emerging concern and has increased from 15% in 2010 to 24.1 in 2020. Almost 90-92% of the Universities in Egypt have well equipped gyms in their campuses/hostels providing physical fitness facilities and wellness support. These gyms are usually equipped with Cardiovascular Fitness Equipments (Treadmills & Elliptical machines), Strength Training Equipment (Free weight and weight machines, Resistance machines, Kettle bells & others).

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:-

Egypt Fitness Services Market

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Ken Research
Ankur Gupta, Head Marketing & Communications
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