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Gurugram, India, July 28, 2022 (GLOBE NEWSWIRE) --
Launch and expansion of approximately 50 hotel projects such as Marriott, Accor and Hilton as envisaged by 2030, is expected to act as a catalyst for the increased demand of fitness equipment required at their respective fitness facilities
Consumers shifting preference towards availing digital fitness services followed by the advent of COVID-19 will positively contribute in accelerating the demand of home-based fitness equipment such as yoga mats, resistance bands and dumbbells along with exercise bike, elliptical and treadmills in coming years
Growing Working Age Population and lifestyle diseases
Around 65.0% of the population in Egypt, majorly comprising of age group 25-40 years (working age population) suffers from lifestyle diseases which is expected spur in upcoming years due to unhealthy lifestyle and eating patterns making it mandatory for them to avail fitness services and invest 3-8 hours/week doing exercise. Also consumers belonging to this age group in Egypt are health conscious individuals who in order to maintain physical health resort to various fitness related activities such as cycling, walking and gymming among others. With the rise in awareness on the importance of physical health, the demand for high end fitness equipment will witness a surge driven by consumers belonging to this age group.
The future of Fitness Equipment Market is closely knit with expanding virtual fitness equipment market
The expanding virtual fitness market will spur the demand for high-quality fitness equipment that can be easily installed at homes. Busy working professionals prefer to undertake online fitness sessions to enjoy exercising in the comfort of their homes and as per convenience. In response to the growing home fitness equipment industry, market players are launching digitally connected solutions for consumers. Consumers are leveraging the benefits of digitally connected fitness equipment to enjoy a personalized training experience through online workout classes.
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Hybrid Clubs are the future
In upcoming future, the market will be driven by the hybrid clubs which are not only equipped with latest fitness equipment but will also offer bundled wellness services such as spa therapies, beauty services and salon services under a single roof. Collaboration of fitness centers with corporates, for instance, the Anytime Fitness Wellness Program encourages businesses to promote health and fitness levels of their employees are expected to increase revenues for fitness clubs and fitness equipment industry. It is also expected that the trend of 24-hour franchisee gym center will evolve in Egypt acquiring a new group of working population in fitness centers therefore increasing the demand of high-tech enabled fitness equipment.
Future Opportunities for Fitness Equipment Market in Egypt
Equipment distributors have an opportunity to cater to the surging demand of home-based fitness equipment as consumers are preferring to avail fitness services at the comfort of their home post COVID-19, which in turn will contribute to the growth of digital fitness services and equipment market in coming years. Subsequently, launch and expansion of 50 hotel projects such as Marriott, Accor and Hilton by the end of 2030 as envisaged by the government serve as an immediate opportunity for the equipment distributors to collaborate in supplying with fitness clubs, centers, universities, and hotels among others the necessary equipment demanded for their facilities.
The publication titled “Egypt Fitness Equipment Market Outlook to 2026: Driven by the avenues for empowerment, rising disposable income, increasing health concerns and home based fitness equipment” 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 Egypt, 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 Egypt health and fitness industry. Further report also focuses on the Egypt Fitness Equipment Market Segmentation by Type of End User (Commercial Fitness Centers & Health Clubs, Home, and Office & Hotels) By Value (In USD Mn), By Location of Manufacturing (Import and Domestic Manufacturing) By Value (In USD Mn), By Type of Customer (B2B and B2C) By Value (In USD Mn). Egypt 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 Egypt Fitness Equipment Industry Egypt Fitness Equipment Market By Type of End User
Commercial Fitness Centers & Health Clubs
By Foreign and Domestic Manufacturing
Egypt 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)
Fitness Equipment Import and Export Scenario on the basis of Revenue, By Country, 2016-2020 Economic Impact of Fitness Centers in Egypt (Direct and Indirect)
Egypt Fitness and Health Industry Target Addressable Market and Service Addressable Market in Egypt Health and Fitness Industry
Fitness Equipment Retailers and Importers
Commercial and Private Fitness Centers
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Time Period Captured in the Report:
Egypt Fitness Equipment Industry Players/Ecosystem Manufacturers
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Coldwell Banker Real Estate LLC
Al Ahly SC, Pyramids FC
Abu Qir Fertilizers and Chemical Industries Company
Al Watany Bank of Egypt
Bank of Alexandria, Bank of Cairo
Key Topics Covered in the Report
Socio Demographic and Economic Outlook of Egypt
Overview of Fitness Equipment Market in Egypt
Ecosystem of Egypt Fitness Equipment Market
Value Chain Analysis of Egypt Fitness Equipment Market
Operating Model of Fitness Equipment Distributors in Egypt
Egypt Fitness Equipment Market Size on the basis of Revenue
Egypt Offline Fitness Market Assessment
Egypt Fitness Equipment Market Segmentation (By Type of End User, By Domestic and Imported Manufacturing, and By Type of Customer)
Government Initiatives in the Fitness Sector
Economic Impact of Fitness Centers in Egypt (Direct and Indirect)
Impact of COVID-19 on Fitness Industry in Egypt
List of Fitness Equipment Distributors in Egypt (Year of Establishment, Location, Contact, Mail Id, Country of Operation, and Brand Association)
Cross Comparison of Major Fitness Equipment Distributors in Egypt (Year of Establishment, Number of Employees, Countries Served, and Product Portfolio)
Company Profile of Fitness Equipment Distributors in Egypt (Company Overview, Type of Customers, Services Offered, Strengths, Weaknesses, Major Clientele, and Key Partnerships, Future Developments)
Identifying the Customer Cohorts in Egypt Health and Fitness Market
Customer Decision Making Factors Fitness Centers
Customer Mind-set for Fitness in Egypt
Target Addressable Market and Service Addressable Market in Egypt Health and Fitness Industry
For more information on the research report, refer to below link:- Egypt Fitness Equipment Market Outlook to 2026
Israel Fitness Services Market Outlook To 2025 - Driven By Growing Awareness For A Balanced Lifestyle Along With The Addition Of State-Of-The-Art Gyms In The Country
Israel is a leading fitness and wellness destination with abundance of wellness retreats, spa breaks, and boot camps offering in a fitness centers with state of the art equipment. Growing awareness regarding balanced lifestyle, access to low cost budget fitness centers and growth of well equipped gyms with state-of the art equipment are fueling the market growth. Opening up of ladies dedicated gyms such as Fitwell Ladies Fitness Centers with female professional trainers to guide woman's pursuing exercises has created new segment and increased the female memberships in the country.
UAE Fitness Equipment Market Outlook to 2026: Driven by rising disposable income, increasing health concerns, growth of commercial fitness centres and home based fitness equipment
UAE fitness equipment market witnessed strong growth between 2016 and 2021 with considerable expansion in commercial fitness centers in which boutique and women centric fitness center dominated the market along-with growth in home-based fitness equipment industry. The factors such as rapid urbanization with influx of foreign population, rising disposable income of the consumers, rising health concerns such obesity, diabetes and cardiovascular diseases due to unhealthy lifestyle, inclination of consumers to undertake online fitness sessions to enjoy exercising in the comfort of their homes and as per their convenience collaborated with home-based fitness equipment post pandemic along-with various government initiatives and corporate wellness program are the major factors driving the growth of fitness equipment market. 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 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 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 shift in consumer’s preference towards availing digitally connected solutions for their fitness routine.
KSA Fitness Equipment Market Outlook to 2026: Driven by the growing demand of advanced fitness equipment by fitness clubs and government initiative to launch women centric fitness centers
KSA fitness equipment market expanded with a CAGR of ~13.7% in between 2016 and 2021 with considerable expansion in commercial fitness centers in which popular fitness centers and women centric fitness club dominated the market. Government initiatives to launch women centric fitness centers in 2017 along with “Your Home, Your Gym” and “Quality of Life” campaign to improve physical conditions of people coupled with rising health concerns such as obesity, diabetes and cardiovascular diseases due to unhealthy lifestyle, inclination of consumers to undertake online fitness sessions to enjoy exercising in the comfort of their homes and as per their convenience are the major determinant to drive the growth of fitness equipment industry. Surging demand of fitness equipment suitable for home/residential purposes post COVID-19 is also contributing in the growth of fitness equipment market.
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 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 shift in consumer’s preference towards availing digitally connected solutions for their fitness routine.
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