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 Country” by 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.
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:-
Related Reports:-
