KSA Fitness Services Market Outlook to 2025F: Ken Research

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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”  provides a comprehensive analysis of the fitness  industry of KSA. The report covers various aspects including the Market Size, Current Penetration, Total Number of Establishment, Total Number of Active Members, Direct Economic Impact and Indirect Economic Impact,  Socio  Economic Implications, Consumer Preferences and Trends Analysis, Technological Disruptions, Major Trends and Development, Government Initiatives and COVID Impact. The report concludes with market projections for future of the industry including forecasted industry size by revenue.

KSA Fitness Services Market

KSA Fitness Services Market is under-penetrated market with less than ~% of the population actively participating in a fitness centres. Substantial increase in health problems since the past decade including diabetes, obesity, hypertension and others has increased the demand for fitness services in KSA. Owing to this spur in demand for fitness services, major fitness chains and gyms have been expanding their presence throughout Saudi Arabia market. Other major multinational fitness service providers such as Gold’s Gym and Curves have been taking the franchisee route to enter the Saudi Arabia market. Growing youth population in the country, along with ease in laws for women has benefitted the market.

Analyzing the Direct Economic Impact of Fitness Industry in KSA

The growth of population driven by health and fitness norms, the initiative of the government to open more parks, cycling and running lanes for the public to support and promote active lifestyle has brought about a positive change in the perception of people towards fitness. This is posterized by increase in the number of fitness centers and gymnassiums in the country. Medium sized  fitness centers dominate the sector generating  ~70.0% of commercial fitness industry revenue with personal trainers acquiring ~20% of revenue in the total Saudi Arabia fitness services market size in 2020.

Commercial Gyms: Majority of the fitness centres in KSA are clustered in prime locations such as Riyadh, Jeddah and Damman. The growing number of women-only gyms in the kingdom are reporting a booming business after grant of Licenses with Few popular Ladies only gyms such as NuYu, Sukoun Wellness, Glowfit, Kinetico and more.

Hotels/Resorts: A significant number of hotels have adopted fee-based membership programs to drive revenue by offering to use facilities such as pool and Gym. Few gyms are separated into two sections for male and female guests and include a health & fitness studio with full range of state-of-the-art gym equipment, squash court, sauna and steam rooms.

Schools/Universities: 40%-45% of the Universities in KSA have well equipped gyms in their campuses/hostels and membership fees is included in tuition fees. Separate gyms for males and females along with segregated lockers, showers and changing areas are present. Air conditioned gyms has trainers organizing classes for Yoga, Zumba, Spinning, Pilates, and more.

ksa-fitness-services-market

Assessment of the Indirect Economic Impact of Fitness Industry in KSA

The fitness market has a ripple effect on other sectors such as fitness equipment industry, construction, real estate, apparel and footwear and technology. Sedentary lifestyles and hectic schedules along with COVID19 outbreak has resulted a spike in the number of people working out from homes to avoid getting infected, thus fueling the adoption of in-home fitness equipment. Fitness Machine, Exercise Equipment, Treadmill & Cardio Equipment are the best selling equipments in KSA Fitness Equipment Market.

Assessment the Socio-Economic Implications for Fitness Industry in KSA

The exercise services provided through fitness centres provide preventative heath benefits to customers, essentially reducing the incidence of chronic diseases attributable to physical inactivity. Assuming a significant percentage of the population affected with lifestyle diseases goes to a fitness centre, the estimated savings in direct health care costs from KSA’s fitness centres is high in the country. The largest component of this saving arises from the avoided costs of cardiovascular disease in a year along with increase in workforce participation and increase in workforce productivity.

KSA Fitness Market Future Outlook and Projections

The fitness market in KSA Market is anticipated to show a double digit growth @20.8% CAGR on account of growing popularity of digital fitness applications and expansion of fitness centers in the sub-urbs. The rising number of obese population, growing demand for personal training, expanding geographical presence of major fitness centers and diversifying services portfolio will act as the tailwind in the future. Increase in ladies only fitnessc centers along with health awareness would supplement growth in the market.

Key Segments Covered in KSA Fitness Market:-

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:-

KSA Fitness Services Market

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