Showing posts with label Gym Market South Africa. Show all posts
Showing posts with label Gym Market South Africa. Show all posts

Thursday, July 25, 2019

South Africa Fitness Services Market will be driven by Increasing Number of Membership Subscriptions and Launch of New Fitness Centers: Ken Research

The advancement in technology, expanding disposable income and the rise in the obese population are the key factors for driving growth in South Africa Fitness Service Market”
The report titled “South Africa Fitness Service Market Outlook to 2023 – By Market Structure (Organized and Unorganized), By Revenue Streams (Membership Fee and Personal Training), by Membership Subscription Package (1 Month, 3 Months, 6 Months & 12 Months), by Provinces and by Gender” by Ken Research suggested that the Fitness Services market in South Africa has been increasing due to rising disposable income and increasing awareness towards a healthy lifestyle, adoption of active marketing strategies and focusing more on establishing female-specific fitness centers. The market has witnessed a positive CAGR of 5.1% in terms of revenue during the forecast period 2018-2023E.
South Africa Fitness Service Market
Government initiatives to promote healthy lifestyles: There is an increase in awareness among the people to adopt a healthy lifestyle due to the prevalent diseases owing to obesity. Therefore, the government of South Africa has come up with several initiatives, such as Vuka SA- Move for your health, Sport and Recreation’s Mass Participation program, the Youth Fitness and Wellness Charter, and the Health-Promoting Schools Initiative, in order to promote a daily fitness regime among the people in South Africa.
Corporate Fitness Programs: The growing trend of establishing partnerships with medical aid companies in South Africa such as Discovery Vitality and Momentum Multiply enables a fitness gym to provide the fitness services to the corporate employees. This encourages the working population to join a fitness gym and adopt a healthy lifestyle. It has been anticipated that there will be an increase in consumer spending in the coming five years. In South Africa, fitness centers such as Cape CrossFit, Dream Body Fitness, Ignite Fitness, and other fitness centers have started offering corporate packages in South Africa.
Digital Technology brings motivation among the members: Virgin Active, GO Health Gym and Yoga Experience are few of the fitness clubs which offers their own mobile app which can be used by the members to track their fitness training, sync cardio screen results, find the clubs using GPS locator, check timetable or schedules and book slots accordingly. This brings enjoyment and excitement among the fitness enthusiasts which makes them motivated to keep following their fitness regime. This is a major factor for retaining the members in the fitness centers.
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 the future majority of the new fitness centers will be looking forward to offer these services at lower rates to capture the majority of the customers into their fitness centers.
Key Segments Covered:-
By Market Structure (On the basis of Revenue, Number of Members, Number of Gyms Centers)
Organized
Unorganized
By Revenue Streams
Membership Fees
Personal Training Fees
By Membership Subscription Packages (On the basis of Revenue, Number of Members)
1 Month
3 Months
6 Months
12 Months
By Provinces (On the basis of Number of Gyms)
Gauteng
KwaZulu-Natal
Western Cape
North West
Mpumalanga
Eastern Cape
Limpopo
Free State
Northern Cape
By Gender (on the basis of Revenue and Number of Members)
Male
Female
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: 2019E - 2023E
Major Fitness Centers Covered:-
Virgin Active
Planet Fitness
Zone Fitness
Gym Company
Viva Gym
Moove Motion Fitness
Motion Fitness
Go Health Gym, Ignite
Keywords:-
South Africa Planet Fitness Market Share
South Africa Zone Fitness Market Revenue
South Africa Viva Fitness Gym Competition
South Africa Curves Market Revenue
South Africa Gym Company Sales
Go Health Gym South Africa Sales
Yoga Experience Members in South Africa
Bodytec South Africa Revenue
Yoga South Africa Market Share
Adventure Boot Camp for Women South Africa Price
Curves Fitness South Africa Fee
Bold Fitness South Africa Revenue
South Africa Personal Training Market Growth
Gym Franchise in South Africa
For More Information, Refer To Below Link:-
Related Reports:-
Contact Us:-Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249

Tuesday, July 23, 2019

South Africa Fitness Service Market Outlook to 2023: Ken Research

The report titled South Africa Fitness Service Market Outlook to 2023 – By Market Structure (Organized and Unorganized), By Revenue Streams (Membership Fee and Personal Training), by Membership Subscription Package (1 Month, 3 Months, 6 Months & 12 Months), by Provinces and by Gender” provides a comprehensive analysis of fitness services market of South Africa. The report covers the market overview, the business cycle, ecosystem, emerging growth drivers and trends; issues and challenges; customer pain points and decision making parameters, competitive the landscape of players in the organized sector and government regulations. The report concludes with the market projection and analysis recommendations highlighting the major opportunities and cautions.
South Africa Fitness Service Market
Market Overview
The fitness services market has experienced a positive single-digit CAGR from 2013 to 2018. South Africa Fitness Service Market is at the growth stage witnessing a cut-throat competition amongst players in the unorganized & organized sectors. Due to the prevalence of few health problems including diabetes, obesity, hypertension, cholesterol, and others in South Africa, there has been an increased demand for fitness services as people have become more health-conscious and aware. The prevalence of obesity was observed to be higher in the urban regions as compared to the rural regions in South Africa due to the higher consumption of junk food. The need for fitness services providers is required more in areas such as Gauteng, KwaZulu-Natal, and other urban areas.
In South Africa, the consumers spending witnessed a decline in 2017 due to the recession in the country. The fitness service market is still expected to recover in the next 5 years with expected slow revenue growth by 2023.
Market Segmentation
By Market Structure: The organized fitness centers dominated the fitness industry in South Africa in terms of revenue and number of subscribers in 2018. Organized chains such as Virgin Active, Planet Fitness, and Zone Fitness have dominated the market in terms of revenue generation in 2018. The unorganized centers have been in a better position to enter the fitness industry due to reasonably priced membership plans and easier to set up an unorganized fitness center as compared to the organized ones.
By Revenue Streams: In South Africa, the major portion of the revenue is generated from the Gym membership. The Gym Membership segment dominated the fitness market due to the availability of premium and diverse services, such as Yoga, High-Intensity Interval Training, Swimming pool, sauna, steam, and many others, at affordable membership packages. Personal Training accounted for small revenue in the South Africa Fitness Services Market.
By Membership Subscription (1 Month, 3 Months, 6 Months and 12 Months): The annual membership packages are the major revenue-generating streams as the customers find the annual membership packages more pocket-friendly as compared to the other membership packages. The second major revenue-generating stream is the 6 months membership package, which is followed by 3 months. The 1-month membership packages are expensive as compared to the other packages due to which clients tend to opt for these packages less often.
By Provinces: In South Africa, the majority of the fitness centers have been registered in Gauteng province. This province is followed by KwaZulu-Natal which has the second-highest number of fitness centers in the country. The least number of fitness centers have been registered in the province Free State and Northern Cape.
By Gender: The market for fitness services in South Africa has been driven slightly more by the male population. The female penetration in the fitness industry is low due to the lack of female-specific fitness centers in South Africa. The rise in disposable income of working mothers will give them the motivation to join fitness gyms which will result in a rise in female membership subscriptions and will drive the share of female membership in the future.
Competitive Landscape
The competition in the South African fitness industry is highly concentrated in terms of revenue generated and membership subscriptions, with the top 10 major fitness services players capturing the major portion of the market share in 2018. The major parameters on the basis of which the players in the market compete include technological advancement and equipment, variety in services and facilities offered, experienced and qualified fitness personnel, membership packages in terms of different durations and prices, offers and discounts, marketing strategies, personal training services and timings of classes. Major players operating in the market include Virgin Active, Planet Fitness, Zone Fitness, Curves Fitness, Gym Company, Bodytec, Go Health Gym, Viva Gym, Motion Fitness, Moove Motion Fitness, and others.
South Africa Fitness Services Market Future Outlook and Projections
In the long run, it has been anticipated that the South Africa Fitness Service market would register a slow growth at a single-digit CAGR during the period 2018 to 2023. The growth would be slow in the next five years due to the recession and low economic conditions of the consumers. Growth during this period is expected to be supported by an increase in the number of fitness centers in the untapped regions, growth in consumer spending, increase in population under the age bracket 15 - 44 years and a boost in the personal training services offered by the fitness service centers in the market.
Key Segments Covered:-
By Market Structure (On the basis of Revenue, Number of Members, Number of Gyms Centers)
Organized
Unorganized
By Revenue Streams
Membership Fees
Personal Training Fees
By Membership Subscription Packages (On the basis of Revenue, Number of Members)
1 Month
3 Months
6 Months
12 Months
By Provinces (On the basis of Number of Gyms)
Gauteng
KwaZulu-Natal
Western Cape
North West
Mpumalanga
Eastern Cape
Limpopo
Free State
Northern Cape
By Gender (on the basis of Revenue and Number of Members)
Male
Female
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: 2019E - 2023E
Major Fitness Centers Covered:-
Virgin Active
Planet Fitness
Zone Fitness
Gym Company
Viva Gym
Moove Motion Fitness
Motion Fitness
Go Health Gym, Ignite
Key Topics Covered in the Report:-
South Africa Fitness Service Market Size
South Africa Fitness Service Market Genesis
South Africa Fitness Service Market Ecosystem
South Africa Fitness Service Market Segmentations
SWOT Analysis of South Africa Fitness Service Market
Trends and Development in South Africa Fitness Service Market
Issues and Challenges in South Africa Fitness Service Market
South Africa Fitness Service Market Investment Model
Regulatory Framework in South Africa Fitness Services Market
Competitive Landscape in South Africa Fitness Service Market
Competitive Scenario in South Africa Fitness Service Market
Profiles of Major Fitness Clubs in South Africa Fitness Service Market
Customer Decision Making Parameters
Pain Points of Customers
Strengths and Weaknesses of Major Players
Snapshot on South Africa Personal Training Market
Snapshot of South Africa Yoga Market
Case Study of Virgin Active
South Africa Fitness Service Market Future Outlook and Projections, 2018-2023E
South Africa Fitness Service Future Market Segmentation, 2018-2023E
Analyst Recommendation in South Africa Service Fitness Market
For More Information, Refer To Below Link:-
Related Reports:-
Contact Us:-Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249