Egypt News
- Increasing awareness about the consequences of obesity that include high blood pressure, heart strokes, and diabetes will spur the demand for boutique and budget fitness centers in the country.
- The offline fitness centers in Egypt Health and Fitness market are expected to contribute majority of the revenue share with online fitness market anticipated to show a tremendous double digit growth @31.7% CAGR in the forecasted year.
- Reform in curriculum by Egyptian Government to accommodate more formal Physical Education with hope to create positive perception public towards health and fitness will drive the growth of University based Fitness Centers.
Growth in Hotel Based Fitness Centers: A growing desire for maintaining healthy lifestyles and enjoying unique experiences while traveling along with establishments of 50 more star hotels, belonging to hospitality giants like Marriott, Accor, Hilton which are in the pipeline will result into growing hotel-based fitness centres in Egypt.
Diversified Offerings: In upcoming future, the market will be driven by the hybrid clubs which are not only equipped with fitness equipments but will also offer bundled wellness services such as spa therapies, beauty services and salon services under a single roof.
Growth of Digital Fitness Applications: Digital fitness application in Egypt is expected to contribute $75.1 Mn Revenue in 2025 with total penetration to increase from 13.1% in 2020 to 29.6% in 2025. Digital variations and tech innovations such as including online database engines that customize fitness training programs based on an individual’s profile and a system that displays live heart-rate data so the leader of a group-exercise session can offer one-on-one guidance in real time will lead to the growth of digital fitness market.
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.
Key Segments Covered in Egypt Fitness Market:-
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
Request For Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NDc5MDMy
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
Egypt Fitness Services Industry
Egypt Fitness Services Market Revenue
Egypt Fitness Services Market Sales
Covid-19 Impact Egypt Fitness Services Industry
Fitness Industry Egypt
Fitness Market Egypt
Digital Fitness Market in Egypt
Commercial Gyms in Egypt Health and Fitness Market
Egypt Fitness Centres in Hotels and Resorts
Egypt Fitness Centres in Schools and Universities
Egypt Fitness Centres in Hospitals
Egypt Fitness Centres in Sports Clubs
Egypt Fitness Centres in Government Organizations
Egypt Fitness Equipment Industry
Fitness Equipment Market Egypt
Residential Gyms Egypt
University Gyms Egypt
Medical Fitness Centres Egypt
For More Information on the research report, refer to below link:-
Related Reports:-
Philippines Health Tech Market had a slow growth initially. The slow growth corresponded to poor internet penetration and lack of technology awareness. Unorganized health tech infrastructure and a less tech-savvy population led to the accumulation of unharmonized healthcare data. The government faced a major difficulty when the healthcare challenges kept on increasing with the growing population. Increasing need and high government interest positively drove the Philippines health tech industry.
Indonesia Health Tech market grew at a very high growth rate over the review period 2017-2020 and was further supported by an increase in health awareness among the younger population, the advancement of technology in the market, introduction of new platforms in the market. The entry of domestic players with international investments has also contributed to the same. Strong growth was observed in Indonesia’s health tech industry majorly due to high-end user demand.
The India Consumer Wearable industry has grown at a CAGR of 32.0% on the basis of revenue over the period 2015-2020. The young demographics and high disposable income in the country is one of the largest growth drivers of the industry. Continuous investment in research & development and marketing activities by the wearables manufacturers is positively impacting the industry’s growth.
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.
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Support@kenresearch.com
+91-9015378249
