KSA News
Offering
programs that are relevant to women and to millennial such as Ladies only
Fitness Centres or separate timings for ladies in a unisex gym is encouraging
women participation in the country.
Rise in Local Gyms and
Fitness Clubs: The fitness industry in
KSA was once dominated by the wealthy and expats, now a new wave of local gyms
and dance and martial arts studios are emerging to serve a fast-rising number
of young, less affluent fitness enthusiasts.
Introduction of Fitness Services for Women: Women fitness services centers were under shadowed which was
majorly due to the societal norms and government regulations. In February 2017,
the regulations related to women joining gyms were eased resulting into
tremendous growth in women specific fitness centers in the country.
Transition towards Value Added Services: It has been observed that various existing players (including
Men’s Gym, Women’s Gym, and Mixed Gym) have started diversifying their
portfolio by providing new value added services including Spa, Sauna, Jacuzzi
and others for greater customer satisfaction.
Government Initiatives: KSA Government has launched various
programs such as The KSA Women’s Fitness Festival, Quality of Life Program, Vision
2030 and Diriyah Equestrian Festival, in attempts to encourage increased
physical activity among population through personalized schemes.
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” by Ken Research suggested that growing awareness of health benefits, increasing disposable
income, rise of budget gyms and growth of ladies only fitness center has been the
major key factors which drives the demand for fitness services centers in KSA.
The market is further expected to register a positive five year CAGR of 20.8%
in terms of revenue during the forecast period 2020-2025F.
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:-
Related Reports:-
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