Ecosystem of Belgium Fitness Services Market
Belgium’s Fitness Service Market is at a growing stage and is a fragmented market with few major fitness providers. The Belgium Fitness Services Market has seen emergence of more players over the past 5 years. Few of them include Fitopia, Spotoase, Martin’s Spa Body Wealth, Electro Gym, Botanic health spa, David Lloyd Club etc.
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Key Findings
- Fitness wearables have been around for a few years now but they continue to take the fitness world by storm. Wearable technology is allowing users to be more aware of their own health and fitness. This segment is set to grow in the coming years.
- Virtual or online fitness is encouraging regular exercises among older adults to stay fit and prevent various health problems which arise with age. The adoption of virtual fitness is gaining momentum among elderly age group as they are hiring personal virtual trainers, for the correct execution of fitness training routines.
Innovations in Fitness Technology: Changes in technology impact almost every industry and everything we do. You now have wearable technology, smart fitness clothing, and high-spec home gyms with personal coaching underpinned by artificial intelligence. Wearable technology is allowing users to be more aware of their own health and fitness. With the ability to track every step, calorie, what their heart rate and blood pressure is, and how to improve their health. In the next few years, no doubt we will see gyms and fitness clubs become even more integrated with their members’ wearable technology and data.
Demand for At-Home Workouts: One of the most active groups of people on the planet is Millennials. The Millennial generation is more committed to exercising and eating right than any other generation. But they have major time constraints. Due to this, there is a demand for at-home workouts, and technology is reshaping home workouts for many. With the explosion of boutique studios, you can find a class for just about anything. But now you can indulge in super high-quality content from the comfort of your own home from highly trained PTs and instructors in an engaging way. High-tech brand Mirror is just one of many companies looking to shake up traditional gyms.
Hybrid Studios is the future trend: It’s already a common site for health clubs and fitness centers to offer products like protein bars, smoothies, and snacks. Establishments are now taking it a step further to become a fully integrated one-stop-shop for health and wellness. Fitness, nutrition, and health are fully intertwined and brands are combining several services into one place, providing members with more value. Hybrid locations can combine training and fitness with services like meal planning and dietary advice.
Analysts at Ken Research in their latest publication “Belgium Fitness Services Market Outlook to 2027F- By Type of Market (Organized Market, Unorganized Market), By Source of Revenue (Membership Fee, Personal Training), By Payment Method (Card, Cash, Bank Transfer, Digital wallet, Others), By Subscription Period (1 Month, 3 Month, 6 Month, 12 Month), By Session Type (Group, Solo) and By Gender (Female, Male).” observed the potential of the Fitness Services market in Belgium. A large number of Fitness Services companies are operating in the Belgium Fitness Services Market. These companies compete on various strengths such as pricing of the service offered, amenities, hygiene, presence on social media platforms etc. The Belgium Fitness Services Market is expected to grow at CAGR of ~% over the forecasted period i.e., 2022-2027F.
Key Segments Covered in the report
Belgium Fitness Services Market
- By Type of Market:
- Organized Market
- Unorganized Market
- By Source of Revenue:
- Membership Fee
- Personal Training
- By Payment Method
- Card
- Cash
- Bank Transfer
- Digital wallet
- Others
- By Subscription Period:
- 1 Month
- 3 Month
- 6 Month
- 12 Month
- By Session Type:
- Group
- Solo
- By Gender:
- Female
- Male
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Key Target Audience
- Fitness Equipment Manufacturers
- Fitness Equipment Distributors
- Fitness Centers
- Government Organizations
- Investors
- Industry Associations
- Consulting Agencies
Time Period Captured in the Report:
- Historical Year: 2017-2022P
- Base Year: 2022P
- Forecast Period: 2022P– 2027F
Companies Covered:
Fitopia
Spotoase
Martin’s Spa Bodywealth
Electro Gym
Botanic health spa
David Lloyd Club
Olympia
Aspria Brussels Arts-Loi
Spotclub Het Eiland
Gym TC
Dao Mons
Bio Gym
Bodycomplex
The Fitness House
Escale wellness club
Svetlana coach
Key Topics Covered in the Report
- Socio-Economic Landscape of Belgium
- Direct and Indirect Economic Impact of Fitness Industry in Belgium
- Overview of Commercial Gyms in Belgium Health and Fitness Market
- Snapshot of Digital Fitness Market in Belgium
- Assessment of the Indirect Economic Impact of Fitness Industry in Belgium
- Belgium Fitness Equipment Industry Market Size
- Evaluation of Premiumization on Real Estate Sector
- Assessment of the Indirect Economic Impact of Fitness Industry in Belgium
- 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 Belgium
- Future Outlook and Projections for Belgium Fitness Services Market
- White space and Opportunities existing in the Belgium Fitness Services Market
- Research Methodology
For more insights on the market intelligence, refer to the link below:-
Belgium Fitness Services Market
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