Showing posts with label Egypt Fitness Services Market Major Players. Show all posts
Showing posts with label Egypt Fitness Services Market Major Players. Show all posts

Monday, September 5, 2022

Egypt Fitness Services Market Growth, Industry Sales, Forecast and Outlook to 2025F: Ken Research

 Egypt Fitness Services Market is extremely under-penetrated market with less than % of the population enormously participating in the Fitness Centres. The effective growth in disposable income accompanied with the advancement in infrastructure pertaining to the fitness centres are propelling the market growth. Tech-enabled high-end fitness offering, primarily backed by robust social media credentials and cult following along with the budget fitness chains are enlarging in Egypt.

According to the report analysis, ‘Egypt Fitness Services Market Outlook to 2025F - Driven by Growing health and fitness consciousness and Increasing Obesity among Consumers in the Countrystates that the fitness industry in Egypt is enlarging significantly over the last few years with augment in the awareness around obesity and several other chronic disesases perturbed by low physical activity. This is posterized by augment in the number of fitness centers and gymnassiums across the country. Medium sized fitness centers register the sector generating 70.0% of commercial fitness industry revenue and employing fewer than 10 people each throughout 2020.

In addition, the fitness market has a ripple effect on other segments such as fitness equipment industry, construction, real estate, apparel and footwear and technology. Sedentary lifestyles and chaotic schedules along with COVID19 outbreak have resulted a spike in the number of individuals working out from homes to evade getting infected, thus propelling the implementation of in-home fitness equipment. Fitness Machine, Exercise Equipment, Treadmill & Cardio Equipment are the bestselling equipments in Egypt Fitness Equipment Market.

The exercise services delivered through fitness centres convey the preventative health benefits to consumers, essentially decreasing the incidence of chronic diseases attributable to physical inactivity. Assuming a proficient percentage of the population affected with lifestyle diseases goes to a fitness centre, the predicted savings in direct health care costs from Egypt's fitness centres is high across the country. The greatest component of this saving arises from the avoided costs of cardiovascular disease during a year along with augment in workforce participation and increment in workforce productivity. With the alarming grow in obesity-related issues in adults and health perils of the sedentary lifestyle, there is a requirement to stay fit now more than ever. In addition, active and healthy living has been motivated around the region, and the fitness services market has augmented speedily. Large-scale advancement, growing spending capacity in the developing regions, opening of fitness club and gyms, economic training equipment available, personal coaches, and efficient and extremely-improved wireless healthcare technologies have propelled the growth of the market progressively.

egypt-fitness-services-market

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 are 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

For More Information on the research report, refer to below link:-

Egypt Fitness Services Market

Related Reports:-

Philippines Health Tech Market Outlook to 2025- By Service Type (E-Pharmacy, Online Consultation and Healthcare IT Solutions) and By Region (Manila, Central Luzon, Mindanao/Davao, and Others

Indonesia Health Tech Market Outlook to 2025-Lack of Medical Staff and Protective Gear to Lean on Healthcare Startups in Indonesia

India Consumer Wearables Market Outlook to 2025- By Type (Fitness Trackers and Smart-watches), By Sales Channel (Online and Offline), By Price Segment (Under ₹ 1000 ,₹1000 - ₹ 10,000 , ₹10,000 - ₹ 20,000 and Above ₹ 20,000) and By Sales

Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Support@kenresearch.com
+91-9015378249

Friday, November 12, 2021

Growing Obesity Rates leading to Increase in Health, Fitness and Diet Programmes along with Growth of Budget Fitness Centres in Egypt has significantly led to increase in revenues of fitness centres: Ken Research

Egypt News

Currently, the fitness industry in Egypt is still in a growth stage and traditional gyms tend to offer homogenous products focusing on providing strength training and HIIT.

Focus on Targeting Mass Market: Most fitness brands in Egypt are positioned towards the mid-to-low end of the market, targeting the mass public. A number of boutique fitness centers have sprung due to increase in disposable income and high member participation rate but demand for budget fitness centers is still on the rise.

High Obese and Obesity Rate: Over a third (30-35%) of adults in Egypt are obese which is one of the highest rates in the world. Overweight and obesity among school children constitutes an emerging concern and has increased from 15% in 2010 to 24.1 in 2020 making it essential for people to join fitness centers.

Concentrated Locations for Fitness Centers: Majority of the fitness centres in Egypt are clustered in prime locations near Cairo and Alexandria (or particularly the north east part of the country) as an increasing number of Baby Boomers are driving gym memberships as an active subscriber base in such locations. Majority of the hotel based fitness centers are also clustered in four key cities in Egypt, namely Cairo, Alexandria, Hurghada, and Sharm El Shiekh.

Government Initatives: Initiatives such as National Sports Day and Annual sponsored fitness events like Ooredoo Marathon are taken up by the government to raise awareness about healthy lifestyle and physical activity, which in turn has led to active participation and increased memberships in fitness centers.

The report titled Egypt Fitness Services Market Outlook to 2025F – Driven by Growing health and fitness consciousness and Increasing Obesity among Consumers in the Countryby Ken Research suggested that growing awareness of health benefits, increasing disposable income, rising awareness regarding obesity along with growing annual sponsored events has been the major key factors which drives the demand for fitness services centers in Egypt. The market is further expected to register a positive five year CAGR of 17.2% in terms of revenue during the forecast period 2020-2025F.

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

Related Reports:-

Philippines Health Tech Market Outlook to 2025- By Service Type (E-Pharmacy, Online Consultation and Healthcare IT Solutions) and By Region (Manila, Central Luzon, Mindanao/Davao, and Others

Indonesia Health Tech Market Outlook to 2025-Lack of Medical Staff and Protective Gear to Lean on Healthcare Startups in Indonesia

India Consumer Wearables Market Outlook to 2025- By Type (Fitness Trackers and Smart-watches), By Sales Channel (Online and Offline), By Price Segment (Under ₹ 1000 ,₹1000 - ₹ 10,000 , ₹10,000 - ₹ 20,000 and Above ₹ 20,000) and By Sales

Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249