The report titled “KSA
Fitness Services Market Outlook to 2025F – Driven
by technological innovations and inventive training approaches along with
adoption of hybrid model by fitness centers” provides a comprehensive analysis of the fitness industry of KSA. 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.
KSA Fitness Services Market
KSA Fitness Services Market is under-penetrated market with
less than ~% of the population actively participating in a fitness centres. Substantial
increase in health problems since the past decade including diabetes, obesity,
hypertension and others has increased the demand for fitness services in KSA. Owing to this spur in demand for fitness services, major
fitness chains and gyms have been expanding their presence throughout Saudi
Arabia market. Other major multinational fitness service providers such as
Gold’s Gym and Curves have been taking the franchisee route to enter the Saudi
Arabia market. Growing youth population in the country, along with ease in laws
for women has benefitted the market.
Analyzing
the Direct Economic Impact of Fitness Industry in KSA
The growth of population driven by health and fitness norms, the
initiative of the government to open more parks, cycling and running lanes for
the public to support and promote active lifestyle has brought about a positive
change in the perception of people towards fitness. This is posterized by
increase in the number of fitness centers and gymnassiums in the country. Medium
sized fitness centers dominate the
sector generating ~70.0% of commercial
fitness industry revenue with personal trainers acquiring ~20% of revenue in
the total Saudi Arabia fitness services market size in 2020.
Commercial Gyms: Majority of
the fitness centres in KSA are clustered in prime locations such as Riyadh,
Jeddah and Damman. The growing number of women-only gyms in the kingdom are
reporting a booming business after grant of Licenses with Few popular Ladies
only gyms such as NuYu, Sukoun Wellness, Glowfit, Kinetico and more.
Hotels/Resorts: A
significant number of hotels have adopted fee-based membership programs to
drive revenue by offering to use facilities such as pool and Gym. Few gyms are
separated into two sections for male and female guests and include
a health & fitness studio with full range of
state-of-the-art gym equipment, squash court, sauna and steam rooms.
Schools/Universities: 40%-45% of
the Universities in KSA have well equipped gyms in their campuses/hostels and membership
fees is included in tuition fees. Separate gyms for males and females along
with segregated lockers, showers and changing areas are present. Air
conditioned gyms has trainers organizing classes for Yoga, Zumba, Spinning,
Pilates, and more.
Assessment of the Indirect Economic Impact of Fitness
Industry in KSA
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 KSA Fitness Equipment Market.
Assessment the
Socio-Economic Implications for Fitness Industry in KSA
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 KSA’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.
KSA Fitness Market Future Outlook and Projections
The fitness
market in KSA Market is anticipated to show a double digit growth @20.8% CAGR
on account of growing popularity of digital fitness applications and expansion
of fitness centers in the sub-urbs. The rising number of obese population,
growing demand for personal training, expanding geographical presence of major
fitness centers and diversifying services portfolio will act as the tailwind in
the future. Increase in ladies only fitnessc centers along with health
awareness would supplement growth in the market.
Key
Segments Covered in KSA Fitness Market:-
Direct
Economic Impact of Fitness Centres
Overview
of Commercial Gyms in KSA 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
KSA 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 KSA
Direct and Indirect Economic Impact of Fitness Industry in KSA
Overview of Commercial Gyms in KSA Health and Fitness Market
Snapshot of Digital Fitness Market in KSA
Assessment of the Indirect Economic Impact of Fitness
Industry in KSA
KSA Fitness Equipment Industry Market Size
Evaluation of Premiumization on Real Estate Sector
Assessment of the Indirect Economic Impact of Fitness
Industry in KSA
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 KSA
Future Outlook and Projections for KSA Fitness Services
Market
White space and Opportunities existing in the KSA Fitness
Services Market
Research Methodology
For more information
on the research report, refer to below link:-
KSA
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
Algeria
Fitness Services Market Outlook to 2025F - Driven by technological innovations
and inventive training approaches along with adoption of hybrid model by
fitness centers
Follow Our Social Media Pages:-
Facebook: - https://www.facebook.com/kenresearch
Twitter: - https://twitter.com/KenResearch
LinkedIn: - https://in.linkedin.com/company/ken-research
Instagram:- https://www.instagram.com/kenresearch
Youtube:- https://www.youtube.com/c/KenResearchKen
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249
