Global Market Research Reports : Ken Research

Friday, May 29, 2020

Emerging Trend In Global Electronic And Appliance Stores Market Outlook: Ken Research

Based on the report analysis, ‘Electronics And Appliance Stores Global Market Report 2019’ states that in the electronics and appliance stores global market there are several companies which recently functioning more significantly for dominating the highest market growth and registering the great value of market share around the globe in the near years while developing the applications of the electronic and appliances, studying and analyzing the government regulations, advancing the features and benefits of the electronics and appliances, offering the numerous fascinated offers to the consumers, spreading the awareness related to the electronics and appliances, increasing the demand for electronics and appliances, and decreasing the linked price includes Best Buy, Conn's, Fry's Electronics, GameStop, Apple, and several others.

The number of retailers utilizing big data analytics is increasing as they have started comprehending that they require the data in order to know their consumers and deliver the customized shopping observations. The Swarm app, for instance, allows brick and mortar stores to analyze footfall so that they can create better decisions and tailor consumer observations. There is also the gathering platform that provides the merchants' insight into the expenditure habits of their customers, and so enables them to send modified rewards and offers.

The key trend of the global electronic retailing market such as it doesn’t require physical infrastructure and its low maintenance cost as compared to the physical retail store maintenance.

Although, there are several aspects propelling the growth of worldwide electronics and appliance store market such as effective growth in the penetration of 3G/4G internet with prodigious speed around the globe along with the growing market size of electronic gadget such as laptop, smartphones & tablets also the dissimilar gorgeous offers and services given by the different e-tailor market players are growing their implementation around the people features involve the cash on delivery choices, speedy delivery to a doorstep, gorgeous discounts on the products and also the speedy and relaxed internet banking is playing a countless role as growth drivers for worldwide electronics and appliances store market.

Based on the region, the market of electronic and appliance store is categorized around the globe which majorly involves North America, Asia Pacific, Europe, and Rest of the World. Whereas, the Asia Pacific region was the largest region in the worldwide electronics and appliance stores market, dominating for 55% of the market in 2018. North America was the second greatest region registering for 14% of the worldwide electronics and appliance stores market. Eastern Europe was the minimum level region in the international electronics and appliance stores market.

Not only has this, but the effective growth in the strength of online shopping has also been a foremost driver. Apart from this, the significant increase in smartphone penetration across regions is propelling the e-commerce channel. Electronics and appliance store is a speedily increasing segment of e-commerce with the gorgeous services given by the vendors and is predicted to increase in the future as well. Therefore, in the coming years, it is predicted that the market of electronic and appliances stores will increase around the globe more progressively over the forthcoming decades.

For More Information on the Research Report, refer to below links: -

Global Electronic And Appliance Stores Market

Contact Us: –

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Future of UAE Online Grocery Delivery Market: Ken Research

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How Is The Online Grocery Delivery Market Positioned In UAE?

UAE Online Grocery Delivery service gained traction among consumers as it allows customers to avoid the hassle of crowds, payment & parking queues and offers convenience as one doesn’t need to be at home to pick up the order. Major grocery delivery companies entered the market between 2015 and 2017.

The Online Grocery Delivery Market in UAE is positioned to be at a growth stage with number of orders increasing at a CAGR ~% during the period 2016-2019. The number of grocery users in 2019 were ~.

High internet penetration, rising working population and increasing number of single families led to growth in number of orders in the region. Service providers in UAE are constantly upgrading themselves to adapt to the needs of the customers. Over the years, companies have expanded their product portfolios from food & beverages to household supplies, baby food, fresh food, fish & meat and other product categories.

How Is The Market Segmented?

By Product Category: Food & Beverages mapped as most demanded product category. This was followed by other categories. Carrefour, Lulu Hypermarket, Bawiq, El Grocer, Talabat specializes are major players in food & beverage category. Fresh food (fruits, vegetables, dairy & eggs) and baby food recognised as the emerging categories.

By Mode of Payment: Demand is dominated by pre-delivery online payment such as credit and debit cards. This was followed by card on delivery and cash on delivery. In Dubai and Abu Dhabi majority of household chores are taken care by house helps and they usually collect the order delivery therefore customer prefers pre delivery payment.

By Region: Dubai and Abu Dhabi major cities based on demand and supply of online grocery services. Dubai & Abu Dhabi is more commercialized in terms of setting up warehousing facility, transportation, procurement of grocery and carrying out other backend operations. Working professionals, who are the major end users of online grocery delivery services, are concentrated in Dubai and Abu Dhabi.

Who is the Target Customer?

The demand for online grocery is rising among working professionals & married couples as they have less time to physically visit a store for grocery shopping. Currently there are close to ~ million working professionals living in the UAE.

~ % of grocery orders were placed by customers belonging to 25-44 age groups. In addition to this, ~% of the grocery orders was placed by women whereas ~% of the orders was placed by men in 2019.

~% of the online grocery buyers are frequent shoppers. They place the order between ~ times a month. ~% of average monthly household expenditure valued at ~ AED is spent on grocery shopping.

Operating Models

Marketplace model of grocery delivery refers to a company providing an e commerce platform that connects customers and grocery stores for the purpose of buying and selling groceries respectively. Instashop, Bawiq, El Grocer has been following marketplace model in UAE. Pureplay model refers to an operating model where inventory of groceries is owned by the company and is sold to the consumers directly. Kibsons, Bawiq, Noon, Amazon follows pureplay model. Omnichannel model provides customers access to groceries from offline and online platform. Carrefour, Lulu Hypermarket, Aswaaq, Choithrams have been following omnichannel model.

Competitive Landscape

The competition in the industry is fragmented with presence of more than more than 25 players in the industry. Some of the major players include Carrefour, Lulu Hypermarket, Instashop, Bawiq, Noon.com, Amazon, Bulkwhiz, ElGrocer, Kibsons, Trolley.ae and Farmbox.

Companies are increasingly evolving their business strategies in order to elevate the user experience. Companies have been battling against each other to acquire and retain clients, expand geographical presence, expand product offering and improve unit economics to increase margins. Companies with large product assortment, wide regional presence and express delivery are indentified as clear leaders in the industry.

What Is The Future Of Uae Online Grocery Delivery Market?

The online grocery delivery market GMV in UAE is expected to reach ~AED million by the end of 2025. In addition to this, the number of orders is expected to increase from ~ Million in 2019 to ~ Million by 2025. It is anticipated that the average order size in the region would decline owing to increase in frequency of orders placed by the customer.

Impact of Covid-19: As a result of the global pandemic COVID-19 there will be a drastic increase in the number of orders, average order size and delivery time across the industry. Companies partnered with third party delivery companies to manage last-mile logistics. In addition to this, in Abu Dhabi and Dubai, companies partnered with taxi fleets to take care of door-to-door delivery.

Key Segments Covered: -

By Region

Dubai

Abu Dhabi

Other Emirates

By Age Group

18-24 years

25-34 years

35-44 years

45+ years

By Product Category

Food & Beverages

Household Supplies

Beauty and Health

Baby and Kids

Fresh Food

By Gender

Male

Gender

By Mode of Payment

Pre-Delivery Online Payment

Card on Delivery

Cash on Delivery

Companies Covered

Carrefour

Lulu Hypermarket

Instashop

Kibsons

El Grocer

Trolley.ae

Bawiq

Amazon

Noon

Farmbox

Bulkwhiz

Key Target Audience

Online Grocery Delivery Companies

Supermarkets & Hypermarkets

E-commerce Companies

Food Delivery Companies

Investors

Time Period Captured in the Report:-

Historical Period: 2016–2019

Forecast Period: 2020-2025

Key Topics Covered in the Report:-

Difference between Online & Offline Grocery Shopping. Why Online Grocery is the Way Forward?

Target Addressable Audience

Supply Ecosystem and Competition Parameters

Demand Scenario, Target Customer and Factor Influencing Consumer Behavior

Technologies Facilitating Online Grocery Delivery Industry

Upcoming Technologies in Online Grocery Delivery Industry

Cross Comparison of Operating Models (Marketplace, Pureplay and Omni-channel)

Revenue Streams

Marketing Strategies

Addressable Gap in the Market and Possible Solutions

Emerging Business Strategies

Best Practices in Business

Seasonality Trends

Covid-19 Impact on UAE Online Grocery Delivery Market (Impact on KPIs, Monthly Orders, Impact on Consumer Behavior, What companies did to meet Excess Demand?)

Analyst Recommendations

For More Information on the Research Report, refer to below links: –

UAE Online Grocery Delivery Industry Future

Related Reports by Ken Research: -

UK Online Retail Market Outlook to 2025 - By Product Categories (Apparel and Footwear, Food and Drink, Media Products, Consumer Electronics and Others), By Desktop and Mobile Mode, By Gender (Male and Female) and By Mode of Payment (Debit+Credit Card, Net Banking and Cash on Delivery)

Taiwan E-Commerce Market Outlook to 2023 - Online Retail (By Product Categories, By Desktop and Mobile, By Gender); Online Travel (By Intermediary and Direct Online Sale and By Desktop and Mobile); Online Payment Gateway Market

UAE Logistics and Warehousing Market Outlook to 2025 – By Road , Sea and Air Freight Forwarding; Domestic and International Freight, Major Flow Corridors, Integrated and Contract Freight Forwarding; By Warehousing (Industrial / Retail, CFS / Inland Container Depot & Cold Storage, Agriculture), End Users (Manufacturing, Retail, Food and Beverage, Automotive, Oil and Gas, Healthcare), Type of Warehouses; By Courier Express & Parcel Market , and, E-commerce Logistics

Contact Us: -
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

Thursday, May 28, 2020

UAE Online Grocery Delivery Market Outlook to 2025: Ken Research

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The report titled “UAE Online Grocery Delivery Market Outlook to 2025- Driven by Increasing Working Population, Introduction of Express Delivery and Regional Expansion" provides a comprehensive analysis of Online Grocery Delivery Market in UAE. The report covers various aspects including the current online grocery delivery scenario in UAE, need & opportunities describing the target addressable market, addressable gap in the market and possible solutions.

It also covers current supply and demand in the region, detailed working of marketplace, Onmichannel and pureplay operating model, trends, developments, challenges, seasonality trends, current & upcoming technologies facilitating online grocery delivery industry, revenue streams and marketing strategies driving the industry. It gives detailed explanation of competitive scenario including cross comparison between major players, SWOT, and detailed company profiles of major players and concluding with future scope and analyst recommendations.

Market Overview and Demand- Supply Scenario

Gaps in offline grocery shopping such as inconvenience of commute, long payment queues and cost of impulse buying led to the introduction of the e-grocery delivery in UAE. Population aged between 25 and 44, is considered an influential customer base for online grocery shopping. The industry is currently positioned in a growth stage registering a double digit growth rate close to 31% between 2016 and 2019. High internet penetration, rising working population and increasing number of single families has led to the growth of e-grocery services in UAE. The number of companies offering grocery delivery services in UAE has increased over the years. Companies have expanded their product portfolios from food & beverages to household supplies, baby food, fresh food, fish & meat and other product categories.

Demand by Product Category (Food & Beverages, Household Supplies, Beauty and Health, Baby & Kids and Fresh Food)

Food & Beverages mapped as most demanded product category. This was followed by household supplies, beauty & health, baby & kids and fresh food. Carrefour, Lulu Hypermarket, Bawiq, El Grocer, Talabat specializes are major players in food & beverage category.

Demand by Region (Dubai, Abu Dhabi & Other Emirates)

Dubai and Abu Dhabi mapped as major cities based on demand and supply of online grocery services. This is mainly due to the concentration of population in these regions. Working professionals, who are the major end users of online grocery delivery services, are concentrated in Dubai and Abu Dhabi.

Demand by Mode of Payment (Pre Delivery Online Payment, Card on Delivery and Cash on Delivery)

The demand is still dominated by pre delivery online payment followed by card on delivery and cash on delivery. People who order online are usually not present to collect delivery and therefore pre-payment is preferred. In Dubai and Abu Dhabi majority of household chores are taken care by house helps and they usually collect the order delivery therefore customer prefers online mode of payment.

Competitive Landscape

The industry is fragmented with presence of more than 25 players operating across marketplace, pureplay and omnichannel model. Delivery Cost, Delivery Time, App Interface, Discounts & Offers, Return Policy, Ease of Payment have been major factors influencing customer behavior. The major players include Carrefour, Instashop, Lulu Hypermarket, El Grocer, Kibsons, Bulkwhiz and Bawiq. Companies with large product assortment, wide regional presence and express delivery are indentified as clear leaders in the industry.

Operating Models

Service providers have been following marketplace, Pureplay and Omnichannel model to deliver customer orders in UAE. Instashop, Bawiq, El Grocer has been following marketplace model in UAE. Kibsons, Bawiq, Noon, Amazon follows pureplay model. Whereas Carrefour, Lulu Hypermarket, Aswaaq, Choithrams follows Omnichannel model.

Impact of COVID-19

Online grocery sales in the region have surged recently, as more people are avoiding crowded places and turning to online shopping owing to corona pandemic. Average basket size of online order has increased to 15-20 times during the corona pandemic. Average delivery time for Omnichannel companies during the pandemic increased to 8-10 days. On the other hand, pureplay and marketplace companies were offering grocery delivery within 2-4 days and one day respectively.

Future Outlook and Projection

The demand is expected to grow with a CAGR of 22% on the basis of GMV between 2019 and 2025. Companies are anticipated to focus on expanding tie ups with suppliers & grocery stores to fulfill customer orders. The demand is expected to be driven by upcoming technologies such as Drone Delivery, Warehouse Automation, Voice Ordering and others. Market consolidation is expected in future as players with heavy financial backing and better brand value will acquire small players.

Key Segments Covered: -

By Region

Dubai

Abu Dhabi

Other Emirates

By Age Group

18-24 years

25-34 years

35-44 years

45+ years

By Product Category

Food & Beverages

Household Supplies

Beauty and Health

Baby and Kids

Fresh Food

By Gender

Male

Gender

By Mode of Payment

Pre-Delivery Online Payment

Card on Delivery

Cash on Delivery

Companies Covered

Carrefour

Lulu Hypermarket

Instashop

Kibsons

El Grocer

Trolley.ae

Bawiq

Amazon

Noon

Farmbox

Bulkwhiz

Key Target Audience

Online Grocery Delivery Companies

Supermarkets & Hypermarkets

E-commerce Companies

Food Delivery Companies

Investors

Time Period Captured in the Report:-

Historical Period: 2016–2019

Forecast Period: 2020-2025

Key Topics Covered in the Report:-

Difference between Online & Offline Grocery Shopping. Why Online Grocery is the Way Forward?

Target Addressable Audience

Supply Ecosystem and Competition Parameters

Demand Scenario, Target Customer and Factor Influencing Consumer Behavior

Technologies Facilitating Online Grocery Delivery Industry

Upcoming Technologies in Online Grocery Delivery Industry

Cross Comparison of Operating Models (Marketplace, Pureplay and Omni-channel)

Revenue Streams

Marketing Strategies

Addressable Gap in the Market and Possible Solutions

Emerging Business Strategies

Best Practices in Business

Seasonality Trends

Covid-19 Impact on UAE Online Grocery Delivery Market (Impact on KPIs, Monthly Orders, Impact on Consumer Behavior, What companies did to meet Excess Demand?)

Analyst Recommendations

For More Information on the Research Report, refer to below links: –

UAE Online Grocery Delivery Industry Future

Related Reports by Ken Research: -

Contact Us: -
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

Digital Remittance Propels Worldwide Remittance Market Outlook: Ken Research

Remittance denotes to transmission of the money by foreign migrants to their home regions. It comprises of numerous channels such as banks, money transfer operators, mobile network operators, and numerous others. In addition, the remittance has augmenting massively in present duration owing to the businesses included with the customers & clients functioning overseas.

However, the Digital remittance is well-defined as one of the maximum powerful monitory solutions that can have the impending to cause positive advancement on the local and worldwide region. An amount of the economic situations can be handled through the banking offering connectivity, identity, and it also consist the literacy solutions as well. The vast mainstream of the remittances go to underdeveloped regions, major of which have missing infrastructure that would allow the digital remittances to unlock cost savings for the citizens.

Due to the effective growth in the digitization and automation, deduction in the remittance cost and transfer duration, and growth in the implementation of the banking and financial services, there has been an augmenting growth of the worldwide digital remittance market. Augment in the internet utilization is also one of the foremost aspects which are delivering the choices to this market. Not only has this, the regulatory initiatives that embolden all financial institutions to become more translucent and nurture comfortable ecosystems of data & partners add on to the market growth. Despite these aspects, nonexistence of the awareness & guidance is a foremost aspect restricting the people from implementing the digital remittance transfer mode.

Whereas, the outpouring in the international migrant populace, deduction of the remittance price& transfer services duration, and augment in the implementation of the banking & financial services influence the remittance market growth. However, deficiency of the awareness and weakening of the growth of the remittance industry in Asia-Pacific regions is predicted to impede the market growth. Contrariwise, aspects such as growth in the internet & mobile penetration and technological modernization in remittance industry are predicted to deliver the lucrative choices for the remittance market in the forthcoming years.

The banks segment registered the remittance industry research report during the recent past years and is predicted to preserve its dominance throughout the review period. Due to their enormous financial power, banks are having momentous control over the remittance services in the market. In addition, to advance the competitive advantage over other the players, banks are speedily implementing the digital innovation and fluctuating toward the digitalized cross-border money transfer amenities.

Moreover, the significant increment in the smartphone penetration, combined with growing amount of the digital-savvy consumers choosing for the digital remittances, is predicted to propel the market over the review duration. Additionally, the growing internet penetration has allowed the consumer to access the financial remittance services. Moreover, the growth in the payment automation and digitalization is predicted to generate the growth opportunities for market over the review duration. Furthermore, growing amount of economic migrants traveling from the underdeveloped regions to developed economies in search of better work choices is anticipated to underwrite to market growth. Therefore, in the coming years, it is anticipated that the market of remittance will increase around the globe more progressively over the near future.

For More Information, refer to below link:-

Remittance Market Major Companies

Related Report:-

Philippines Remittance and Payments Market Outlook to 2024 - Growth Backed by Sustained Internal Migration, Rise in Overseas Filipino Workers and Surge in BPO Sector.

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-901537824

In-Depth Analysis of the COVID-19 Impact on Saudi Arabia Fitness Services Market: Ken Research

The corona virus pandemic has put global systems on a standstill with respect to functioning, and industries in Saudi Arabia are no different. The fitness services industry was planning for expansion and diverse inclusion as part of the government’s Vision 2030 plan, when the pandemic hit the Kingdom, resulting in a major jolt to the industry. As a response to the spread of the virus, the General Sports Authority (GSA) announced the indefinite closure of fitness and sport centres in the Kingdom on 14^th March, 2020. The impact of the virus has been severely felt across the fitness services industry in the Kingdom; however, some players are bucking the trend by adopting innovative strategies and outlooks to stay afloat.

Impact on Fitness Service Offerings: Fitness service players are seeing virtually no new demand due to the impact of the curfew imposed in the country. The partial lifting of the curfew on April 26^th did not make the situation any better for gyms, as fitness centers in the country weren’t allowed to re-open. While Saudi gym owners supported the decision of the government, they were identified to be worried about their finances and long-term business operations. Many fitness players considered the said decision a great idea for the health and welfare of all people. However they also urged people/members to help gyms survive the financial impact that coronavirus will undoubtedly have on their business. They requested the members not to freeze their accounts or not to stop paying the gyms, as the smaller businesses/fitness centers might close down if member subscriptions are not kept active.

Government Initiatives to Keep Saudi Population Fit: The Saudi government in March 2020, launched the “Your Home, Your Gym” campaign, encouraging citizens to workout at home and share their videos online. The initiative has been supported by the Ministry of Sports and the Saudi Arabian Olympics Committee.

Strategies Adopted by Fitness Services Players: It is expected that the cascading effects of the pandemic will continue for another 3-4 months and every player is and will bear the brunt of what the world is going through. However, the situation is more worrisome for small players as they don’t have the budget to go digital and to spend big on digital advertising. However, big brands or established fitness studios are coming up with different initiatives to make sure that their consumers stay healthy inside their homes. They are increasingly launching online training sessions, a mix of both live and pre-recorded classes, where gym members are instructed on how to perform their workouts at home, with or without certain equipment. They have also been putting more into their digital marketing budget to make workout from home possible. Gyms such as Fitness Time, Body Masters, Fitness Time, NuYu, BeWellCrossfit, Gracie Jiu Jitsu and Interval Plus Crossfit among other gyms, have been posting online workout videos on their social media handles allowing their members to stay fit at home.

Unorganized and small sized players are now rethinking their strategies of expansion, and now are focusing more on staying afloat. With a remarked focus on

NuYu Fitness: The largest female exclusive gym operator in the Kingdom, NuYU recently introduced Online Team Training sessions for its members, allowing them to stay fit at home. It is also offering Online Personal Training sessions along with free home workout exercises through online videos. The brand is also offering its members the option of renting out its Spinning Bike, Olympic Bar, Plate Set, Dumbbells and Kettlebell, to facilitate a seamless transition from gym workout to home workout.

Fitness Time: The largest fitness services brand in the Kingdom, Fitness Time has led the way for the industry, through its three-point strategy to combat the effects of Covid-19. As part of its Cash flow strategy, the company is holding onto cash reserves and is delaying non-critical expenses for the brand. As part of its customer strategy, the brand is allowing members to freeze their membership absolutely free of charge and encouraging them to workout at home, by posting online workout videos and fitness content. With regards to its workforce, the company has imposed a travel ban on its employees and implemented a Work from Home policy throughout the organization.

Other Players: Many other fitness players in the Kingdom has also embraced the digital innovation in their service offerings such as players like ‘RK Fit’ is sending their clients’ daily workout plans to keep them active and fit while away. ‘BeWellCrossfit’ is also providing online classes for their clients and is thinking to expand its digital service portfolio. On the other hand, ‘Gracie Jiu-Jitsu’, is providing their clients, training at home, with tailored classes, as long as they have an exercise partner and internet access.

The Changing Shift in the Industry: Many fitness influencers are also exploiting the current business opportunity to promote exercise in the context of general well-being when people are unable to go to the gyms and mental stress is taking a toll on many amidst lockdown. Fitness coaches are now holding daily live PE sessions on YouTube and Instagram. This is helping many influencers with increased engagement as they rely on monetization from these social networks, making it a smart move all around. For influencers who previously focused on gym-based workouts, there is an opportunity to capitalize on the changing habits of consumers, and to branch out into content that focuses on health and well-being when everyone is scared due to the spread of the virus.

Industry’s Future-The Way Forward: As of 26^th May 2020, Saudi Arabia will join other Gulf countries in lifting restrictions. Dubai, a part of the United Arab Emirates, has shortened nightly curbs on movement and allowed businesses such as gyms and cinemas to reopen. Saudi Arabia government is also planning to begin a three-phase plan on May 28. In the first phase, which will be initiated during May 28^th to May 30^th, the curfew in all parts of Saudi Arabia, except Makkah, will be lifted daily from 6am-3pm. Business activities such as malls as well as wholesale and retail shops will be allowed to reopen outside of the curfew hours. In the second phase, which will be implemented between May 31^st to June 20^th, the curfew will be lifted daily from 6am-8pm across the country except in Makkah and by the third phase, due to begin by June 21^st , all restrictions will be lifted to allow a return to normal. Saudi Arabia, which gets most of its revenue from crude exports, has also announced a slew of austerity measures to cope with the impact of the pandemic and the fallout from the collapse in oil prices by tripling value-added tax from 5% to 15% and cutting cost-of-living allowances for government workers.

It is expected that post Ramadan and lifting of restrictions/curfew in the country, a significant number of people will join fitness centers across Saudi Arabia to re-focus on physical and mental wellbeing and therefore the industry might witness a V-shaped growth in the number of members and market revenue within the coming 1-2 years. However, the improvement of online fitness content, availability of and accessibility to free courses and online support are a few silver linings that have emerged during these uncertain times and the industry is expected to adopt and focus more on these disruptions post the pandemic scenario as well.

Key Segments Covered:-

By Market Structure

Organized

Unorganized

By Revenue Stream

Membership

Personal Training

Supplementary Services

By Regions

Riyadh

Jeddah

Dammam

Al Khobar

Makkah and Madinah

Others

By Subscription

3 Months

6 Months

1 Year

Others

By Gender

Male

Female

By Age

Below 18 years

19 to 30 years

31 to 60 years

Above 60 years

By Income Group

Below SAR 38,000

SAR 38,000 to SAR 94,000

SAR 94,000 to SAR 150,000

Above SAR 150,000

Key Target Audience:-

Fitness Service Providers

Fitness Service Equipment Manufacturers

Ministry of Sports

Industry Associations

Investors/VC’s

Time Period Captured in the Report:-

Historical Period: 2014-2019

Forecast Period: 2019-2025

Fitness Brands Covered:-

Fitness Time

Body Masters

NuYu

Golds Gym

9 Round

Interval Plus Crossfit

Fitness First

Arena MMA Fitness

The Power Gym

Active Time

Lava Fitness

Spectrum Wellness for Women

Kore

Glow Fit

Studio 55

Pulse Studio

Kinetico

World Gym

Tytans Fitness

Curves

Glamour Fitness

Fit Zone

Fitness Maker

Muscles Factory

Other Players include G-Fit, B-Well Center, Fitness Inn, Areka, Iron Hill Crossfit, Fitness World, Marom Club, Rio Gym and Wazen Gym

Key Topics Covered in the Report:-

Benchmarking of Saudi Fitness Services Market and Global Fitness Services Market

Business Model of Fitness Service Operators in Saudi Arabia

Market Sizing Analysis of Fitness Services in Saudi Arabia

Market Segmentation Analysis of Fitness Services in Saudi Arabia

Emerging Trends and Developments in Saudi Arabia Fitness Services Market

Issues and Challenges in Saudi Arabia Fitness Services Market

Customer Decision Making Parameters

Pain Points of Customers

Competitive Landscape

Market Share of Unorganized Players in Fitness Services Market in Saudi Arabia

Company Profiles of Major Players (Fitness Time, Body Masters, NuYu, Fitness First, Glamour Fitness, NuYU, Gold’s Gym and Others)

Covid Impact on Saudi Arabia Fitness Services Market

Future Outlook of Saudi Arabia Fitness Services Market

Analyst Recommendations for New Entrants and Existing Players

B Platform Choosing Criteria for Packaging manufacturers

Penetration of Online Retail Products & their Packaging Implications

For More Information on the research report, refer to below link:-

Saudi Arabia Fitness Services Market

Related Reports By Ken Research:-

Vietnam Fitness Services Market Outlook to 2023 - By Subscription Period, By Organized and Unorganized, By Revenue Streams (Membership Fee and Personal Trainer Fee)

Oman Fitness Services Market Outlook to 2022 - By Gym Membership and Personal Training, by Region (Al Batinah North, Al Batinah South, Ad Dakhiliyah, Dhofar and Muscat) , by Gender and by Membership Subscription (Annual, 6 months, 3 months, 1 month)

UAE Fitness Services Market Outlook to 2022 - By Market Structure (Organized and Unorganized), By Subscription Period (1month, 3months, 6months and 1year), By Region (Dubai, Abu Dhabi, Sharjah and others), By Revenue Stream (Membership Fee and Personal Trainer Fee)

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249