Launch of University based and Women Centric Fitness Clubs coupled with Government Initiatives
Awareness of the importance of a healthy lifestyle and establishment of additional universities with well-equipped sports facilities including fitness centres will lead to the growth of university-based gyms. Focus of government to improve the physical health of women in Israel will lead to launch of women centric fitness clubs. Coupled with those initiatives undertaken by government such as “National Program to promote Active, Healthy Lifestyle” and events like “Jerusalem Marathon” and “The Women Race-Life Run” to improve physical conditions of people due to rising health concerns such as obesity, and cardio vascular diseases in Israel has resulted in the growth of fitness equipment market in between 2016 and 2021.
Specialized Fitness Programs
Specialty fitness programs that focus on a particular style of exercise, piece of equipment or even philosophical approach are exploding across the country in recent years. Increasing equipment and facility spaces in fitness clubs, such as hot yoga studios, high altitude training rooms, metabolic testing equipment and day spas are gaining popularity among the consumers. The extensive use of fitness equipment for these purposes are paving a path for the fitness equipment distributors to integrate the market.
Import and Export Scenario of Israel Fitness Equipment Market
Majority of the fitness equipment imported in Israel in 2020 were from China, Taipe and USA; with China contributing to majority share of 68% of the overall imports in 2020 on the basis of revenue generated. Preference of consumers for high-tech enabled equipment in turn contributes to the increased demand of fitness equipment of foreign brands rather than domestic brands. Coupled with that, lack of domestic manufacturer’s ability to produce high end fitness equipment serve as a major threat to the domestic fitness equipment industry in Israel.
Impact of COVID-19 and Surging Demand for Home Based Fitness Equipment
In 2020, fitness equipment industry experienced a temporary downfall owing to the impact of COVID-19 on industry leading to closure of the fitness centers and health clubs due to country wide lockdown. With mandatory protocol such as to avoid physical contact and maintenance of social distancing to prevent the transmission of virus restrained a major chunk of population from availing fitness services in fitness centers and health clubs. These factors have however led to increased demand of home-based fitness equipment yoga mats, resistance bands and dumbbells along with exercise bike, elliptical and treadmills and adaptation to digital fitness services, as people preferred to follow fitness regimes at their home to ensure safety. Also, increased awareness on health and hygiene followed by the advent of COVID-19 is acting as a catalyst for the surging demand of fitness services across Israel as people are inclined towards improving their physical health. This in turn has contributed in rising number of commercial fitness centres and clubs which is positively contributing in the growing demand of fitness equipment.
The publication titled “Israel Fitness Equipment Market Outlook to 2026: Driven by increase in commercial gyms and home fitness due to growing awareness towards a healthy lifestyle and impetus by the government to promote health and fitness” provides a comprehensive analysis of the fitness equipment industry. The report covers various aspects including fitness equipment industry market size on the basis of on the basis revenue, market overview, value chain analysis, ecosystem, operating model, gym joining decision making parameters, SWOT analysis, major trends and developments, government initiatives promoting health awareness, and impact of COVID-19. Insights on competitive landscape of fitness equipment industry, list of major distributors in Israel, and company profile of major players along-with cross comparison between fitness equipment distributors operating in the ecosystem on the basis of company overview, revenue generated, countries served, product portfolio, revenue streams, type of customers, serviced offered, strengths, weaknesses, major clientele and key partnerships is also covered in the report. The report also covers trade scenario of fitness equipment (by imports and exports of fitness equipment from major countries), along-with end user analysis of demand side highlighting key demand clusters on the basis of region, customer decision making factors in joining fitness centers, target and service addressable market of Israel health and fitness industry. Further report also focuses on the Israel Fitness Equipment Market Segmentation by Type of End User (Commercial Fitness Centers & Health Clubs, Universities, Office & Hotels) By Value (In USD Mn), By Location of Manufacturing (Import and Domestic Manufacturing) By Value (In USD Mn). Israel Fitness Equipment Market report concludes with projections for the future of the industry including forecasted industry size by revenue by 2026, and analysts’ take on the future highlighting the major opportunities.
Key Segments Covered in Israel Fitness Equipment Industry
Israel Fitness Equipment Market
- By Type of End User
- Commercial Fitness Centers & Health Clubs
- Universities
- Office & Hotels
- By Foreign and Domestic Manufacturing
- Foreign
- Domestic
- Israel Offline Fitness Market Assessment
- Commercial (Exclusive/Boutique Centers, Popular Fitness Centers, and Local Gyms & Fitness Clubs)
- Hotels and Resorts (5 Star Hotels & Resorts, 4 Star Hotels & Resorts, and 3 Star Hotels & Resorts or Less)
- Universities
- Fitness Equipment Import and Export Scenario on the basis of Revenue, By Country, 2016-2020
- Economic Impact of Fitness Centers in Israel (Direct and Indirect)
- Key Demand Clusters for Fitness Equipment, By Region, 2021
Israel Fitness and Health Industry
- Target Addressable Market and Service Addressable Market in Israel Health and Fitness Industry
Key Target Audience
- Fitness Equipment Manufacturers
- Fitness Equipment Distributors
- Fitness Equipment Retailers and Importers
- Commercial and Private Fitness Centers
- Hotels & Resorts
- Government Bodies
Time Period Captured in the Report:
- Historical Period: 2016-2021
- Forecast Period: 2021-2026F
Israel Fitness Equipment Industry Players/Ecosystem
- Manufacturers
- Technogym
- Les Mills International
- Head Fitness
- Spirit Fitness
- Nautilus
- York Fitness
- SportsArt
- Freemotion
- Reebok
- BodySolid
- Powertec
- Vision Fitness
- Bowflex
- Schwinn
- Everyoung
- Target Fitness
- LifeGear
- Sportop
- Assault Fitness
- Concept2
- Eleiko
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- Distributors
- Abir Sport Co. Ltd.
- Sal Sport
- ProGym Performance Training
- Sportal Advanced Fitness Equipment
- Techno Sport
- Gym Service Ltd.
- Sport Tec
- BH Fitness
- X-Wear
- Sport Stock
- Everest Sport
- YGL – Living Well.
- Retailers
- Decathlon Israel
- Fitness Depot
- NineFit
- DesertCart
- CoolPool and Sport
- Sports Center
- Total Fitness
- Daniel Fitness
- Pro Fitness
- Commercial Fitness Centers
- ProFit Gym
- Studio C
- Iron Gym
- Free Fit
- Peleg’s Gym
- Orange Theory
- Holmes Place
- Hotel and Resorts
- Al Ahly SC
- Pyramids FC
- Dan Hotels
- Isrotel Hotels
- Hilton Hotels
- Fattal Hotels
- IHG Hotels and Resorts
- Marriott Bonvoy
- Brown Hotels, Selina Hotels
- Universities
- Petrojet
- Tel Aviv University
- Weizmann Institute of Science
- Hebrew University of Jerusalem
- Jerusalem College of Technology
- College of Management Academic Studies
- Technion – Israel Institute of Technology
- Ariel University
- Ben-Gurion University of the Negev
- University of Haifa.
- Associations
- AGSO (Association of Gym and Studio Owners)
Key Topics Covered in the Report
- Socio Demographic and Economic Outlook of Israel
- Overview of Fitness Equipment Market in Israel
- Ecosystem of Israel Fitness Equipment Market
- Value Chain Analysis of Israel Fitness Equipment Market
- Operating Model of Fitness Equipment Distributors in Israel
- Israel Fitness Equipment Market Size on the basis of Revenue
- Israel Offline Fitness Market Assessment
- Israel Fitness Equipment Market Segmentation (By Type of End User, By Domestic and Imported Manufacturing)
- SWOT Analysis
- Trends and Developments
- Government Initiatives in the Fitness Sector
- Economic Impact of Fitness Centers in Israel (Direct and Indirect)
- Impact of COVID-19 on Fitness Industry in Israel
- List of Fitness Equipment Distributors in Israel (Year of Establishment, Location, Contact, Mail Id, Country of Operation, and Brand Association)
- Cross Comparison of Major Fitness Equipment Distributors in Israel (Year of Establishment, Number of Employees, Countries Served, and Product Portfolio)
- Company Profile of Fitness Equipment Distributors in Israel (Company Overview, Type of Customers, Services Offered, Strengths, Weaknesses, Major Clientele, and Key Partnerships, Future Developments)
- Identifying the Customer Cohorts in Israel Health and Fitness Market
- Customer Decision Making Factors Fitness Centers
- Customer Mind-set for Fitness in Israel
- Target Addressable Market and Service Addressable Market in Israel Health and Fitness Industry
- Analyst Recommendations
For more information on the research report, refer to below link:
Israel Fitness Equipment Market Outlook to 2026
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