Rise in the number of additional services, growing health consciousness among people under the age bracket (15-64) has driven the Fitness Services Market in Vietnam.
The report titled “Vietnam Fitness Services Market Outlook to 2023 – By Subscription Period, By Organized and Unorganized, By Revenue Streams (Membership Fee and Personal Trainer Fee)” by Ken Research suggested that the Fitness Services market in Vietnam has been increasing due to rising fitness awareness among people, surge in disposable income, expansion in service portfolios of organised fitness service centres and increasing penetration of organized gyms in sub urban areas. The market is expected to register a positive CAGR of 19.5% in terms of revenue during the forecast period 2018-2023E.
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Rising Obesity Rate: In Vietnam, it has been witnessed that the obesity rate has increased over the past five years. The obesity rate has grown at a CAGR of 8.4% during the period 2013-2018. Moreover, in future it is anticipated that obesity will reach 3.6% by the year ending 2023E. However, to cater the obesity problem in the country, Fitness centres such as Calikids, AKC Fitness, Nutrifort Fitness and several others has started helping children to lead a healthy life by providing them fitness training.
Dominance of Unorganized Gym Centres: One of the major reasons behind surging growth of the unorganised fitness centres is the low membership fees and easy accessibility of fitness centres from a customer’s house as they are majorly present in the housing locality only. People which are still looking forward to built their body into a muscular one usually focus towards unorganised fitness centres as these centres generally provides hardcore gym training to its customers.
Rising Popularity of Artificial Mountain Climbing: In Vietnam, majorly in Ho Chi Minh City artificial climbing is very popular among people. Artificial mountains are designed with rugged and steep slopes making it a complex and exciting exercise. Kick boxing is also a current trend among young people. Various organized fitness centres such as California Fitness and Yoga Center, Fit24, Citigym and others are offering kick fit as a service.
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Surge in Demand of Group Exercise: Increase in group exercise such as Zumba, Pilates, cross fit, Martial Arts, Power Yoga is also contributing to the growth of the fitness service market as in future majority of the new fitness centres will be looking forward to offer these services at lower rates to capture majority of the customers into their fitness centres. Currently these group exercises has been majorly offered in organised fitness centres only but in future it has been expected various new unorganised fitness centres will also provide facility of group exercise to their customers to remain into the competition of the market.
Key Segments Covered:-
By Type of Market (Number of Gym Members and Number of Gyms)
Organized Market
Unorganized Market
By Source of Revenue-
Membership Fee
Personal Training
By Number of Gyms by Subscription Fee-
VND 0-5 Million
VND 5-12 Million
Above VND 12 Million
By Subscription Period-
1 Month
3 Month
6 Month
12 Month
Key Target Audience:-
Organized and Unorganized Fitness Centres
Fitness Equipment Manufacturers
Sports Authority
Private Equity Firm
Fitness Training and Trainers Associations
Time Period Captured in the Report:-
Historical Period: 2013-2018
Forecast Period: 2019-2023
Major Fitness Centres Covered:-
California Fitness and Yoga Centre
Elite Fitness
Fit24
AKC Fitness
MMA Gym Fitness Centre
Citigym
Curves
Nutrifort Fitness
Advance Fitness
Yoga Center – VYOGA World 3/2
Star Fitness HCM
Diamond Fitness Center
Times Plus Fitness and Yoga
Body Fit Fitness and Yoga
Platinum Fitness and Kinesis
VShape Fitness & Yoga Center
Swequity Ultimate Fitness
Thanh Hai Gym
N Club
Vital fitness and yoga center
MD Fitness
Lykos Kickfitness Center
N-shape Fitness
KBE Fitness
AE Fitness
Universal Yoga
New Fitness and Yoga
Fitness and Yoga Centre Igym
Olympic Nha Trang Gym & Fitness
CLB gym T&V Fitness
Hanoi Kendo Club
Teekiu Fitness
Body SHAPE Gym
Keywords:-
Vietnam Fitness Services Market
Fitness Services Industry Vietnam
Vietnam Fitness Club Market
Vietnam Yoga Market Revenue
Vietnam Gym Industry Size
Number of Gyms in Vietnam
Vietnam Fitness Services Sales
Fit24 Fitness Services Market
Curves Fitness Services Market
AE Fitness Services Market
Vietnam Fitness Services Market Scope
Vietnam Yoga Industry Analysis
Vietnam Private Equity Firms
For more information, refer to below link:-
Vietnam Fitness Services Market
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Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
