Launch of Women Centric Fitness Clubs and Government Initiatives
Focus of government to improve the physical health of women in Egypt as part of Egypt Vision 2030 will lead to launch of women centric fitness clubs. Coupled with that initiatives undertaken by government such as “100 Million Health”, “Annual Sponsored Events such as Marathon Cairo Event” and “Your Bike, Your Health” campaign to improve physical conditions of people due to rising health concerns such as obesity, and cardio vascular diseases in Egypt 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 Egypt Fitness Equipment Market
Majority of the fitness equipment imported in Egypt in 2020 were from China, USA and Italy; with China contributing to majority share of 64.4% 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 Egypt.
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 Egypt 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 “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, Office & Hotels) in Value (In USD Mn), By Location of Manufacturing (Foreign and Domestic Manufacturing) in Value (In USD Mn), By Type of Customer (B2B and B2C) in 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
- Home Users
- Office & Hotels
- By Foreign and Domestic Manufacturing
- Foreign
- Imported
- By Type of Customer
- Business Entities (B2B)
- Private Individuals (B2C)
- 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
Key Target Audience
- Fitness Equipment Manufacturers
- Fitness Equipment Distributors
- Fitness Equipment Retailers and Importers
- Commercial and Private Fitness Centers
- Hotels & Resorts
- Government Bodies
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Time Period Captured in the Report:
- Historical Period: 2016-2021
- Forecast Period: 2021-2026F
Egypt Fitness Equipment Industry Players/Ecosystem
- Manufacturers
- Cybex
- Impulse
- Octane
- Bata
- Precor
- Assault Fitness
- Life Fitness
- Hammer Strength
- Technogym
- Sci Fit
- Nautilus
- Life Span Fitness
- Nordic Track
- Bow Flex
- Concept 2
- Distributors
- Power Fitness
- Sobek sports
- Royal Tech
- Pro Fit Sports Solutions
- Fitness Sports
- Agatex
- Retailers
- Sports Mall
- Garage Gear
- Yaqeen
- GoSports
- Body Sculpture
- Intersport
- Decathlon
- Souq
- Commercial Fitness Centers
- UFC
- Science gym
- Be Fit 360
- Gold’s Gym
- Your Gym
- Private Fitness Centers
- Egypt Arab Contractors
- Coldwell Banker Real Estate LLC
- Associations
- Al Ahly SC, Pyramids FC
- Zamalek SC
- Misr Lel Makassa SC
- Ismaily SC
- Smouha SC
- Enppi SC
- Al Ittihad
- Egypt National Football Team
- Others
- Petrojet
- Abu Qir Fertilizers and Chemical Industries Company
- Air Arabia Egypt
- Air Cairo
- Air Memphis
- Air Sinai
- Al Watany Bank of Egypt
- Al Mansour Automotive
- 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)
- SWOT Analysis
- Trends and Developments
- 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
- Analyst Recommendations
- Industry Speaks
For more information on the research report, refer to below link:-
Egypt Fitness Equipment Market Outlook to 2026
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