Egypt Fitness Market is anticipated to grow at a tremendous rate @16.0% CAGR on account of increasing health concern among the population and their escalating willingness to spend on fitness services: Ken Research
GURUGRAM, India, Dec. 1, 2021 /PRNewswire/ -- 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 is 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 eestablishments 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
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:-
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