MENA News
- Underpenetrated
Markets such as Algeria and Morocco to provide ample opportunities for
international fitness chains to gain a foothold in the market.
- The
future of the gym industry is a “hybrid” model, where people do at-home
workouts for efficiency and make time for gyms as a social outing.
- Focus
towards offering group classes exercises which includes Pilates, Cross
fits, Zumba, Aerobics, Martial Arts and many others will be key to success
for independent gyms.
- Fitness
Centers are rolling out new membership packages to accommodate for
customers seeking more flexible and affordable packages, i.e., Class
Package or Pay per day vs 1/3/6/12 month memberships.
Increasing Penetration Rates: Increasing awareness about the
consequences of lifestyle related diseases such as obesity, high blood
pressure, heart strokes, and diabetes will intensify the number of subscribers.
The market is poised to gain significant traction with the rise in the number
of Health
Clubs and Fitness Centers
incorporating advanced equipment catering to the changing health patterns and
consumer demands.
Integrated Wellness Trends: Gyms/clubs/spas in countries such as
UAE and Saudi Arabia are adding in complimentary wellness services, such as
physio, massage, chiro, performance, nutrition, genetic testing and BCA, to
become more holistic, thereby increasing the demand for fitness services in the
region.
Growth in Digital Fitness Application Market: Adoption of digital fitness
applications in the MENA region skyrocketed as COVID-19 shuttered gyms &
studios in almost every country. The MENA digital fitness app market marked by
technological innovations is expected to generate a revenue of over USD 1 Bn by
2025, of which Turkey, KSA and Morocco will be the top contributors.
The
report titled “MENA
Fitness Services Market Outlook to 2025F – Driven by increasing health concerns
resulting in addition of number of health clubs and gyms in the region” by Ken Research suggested that the
fitness market is further expected to grow in the near future owing to growing
health conscious population, increasing disposable income, rising awareness
regarding obesity and to overcome health issues such as diabetes, hypertension
and cardiovascular diseases has been the major key factors which drives the
demand for fitness services centers in MENA region. The market is expected to
register a positive five year CAGR of 18.1% in terms of revenue during the
forecast period 2020-2025F.
Key Segments Covered in MENA Fitness Market
- Direct
Economic Impact of Fitness Centres
- Overview
of Commercial Gyms in MENA 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
- MENA
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
Request For Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NDc5MDQx
Key Topics Covered in the Report
- Socio-Economic
Landscape of MENA
- Direct
and Indirect Economic Impact of Fitness Industry in MENA
- Overview
of Commercial Gyms in MENA Health and Fitness Market
- Snapshot
of Digital Fitness Market in MENA
- Assessment
of the Indirect Economic Impact of Fitness Industry in MENA
- MENA
Fitness Equipment Industry Market Size
- Evaluation
of Premiumization on Real Estate Sector
- Assessment
of the Indirect Economic Impact of Fitness Industry in MENA
- 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 MENA
- Future
Outlook and Projections for MENA Fitness Services Market
- White
space and Opportunities existing in the MENA Fitness Services Market
- Research
Methodology
For more information on the research report, refer to
below link:
Active
Members in Fitness Market MENA
Related Reports
Contact Us:-
Ken
Research
Ankur
Gupta, Head Marketing & Communications
+91-9015378249
