Egypt Fitness Services Market is extremely under-penetrated market with less than % of the population enormously participating in the Fitness Centres. The effective growth in disposable income accompanied with the advancement in infrastructure pertaining to the fitness centres are propelling the market growth. Tech-enabled high-end fitness offering, primarily backed by robust social media credentials and cult following along with the budget fitness chains are enlarging in Egypt.
According to the report analysis, ‘Egypt Fitness Services Market Outlook to 2025F – Driven by Growing health and fitness consciousness and Increasing Obesity among Consumers in the Country’ states that the fitness industry in Egypt is enlarging significantly over the last few years with augment in the awareness around obesity and several other chronic disesases perturbed by low physical activity. This is posterized by augment in the number of fitness centers and gymnassiums across the country. Medium sized fitness centers register the sector generating 70.0% of commercial fitness industry revenue and employing fewer than 10 people each throughout 2020.
In addition, the fitness market has a ripple effect on other segments such as fitness equipment industry, construction, real estate, apparel and footwear and technology. Sedentary lifestyles and chaotic schedules along with COVID19 outbreak have resulted a spike in the number of individuals working out from homes to evade getting infected, thus propelling the implementation of in-home fitness equipment. Fitness Machine, Exercise Equipment, Treadmill & Cardio Equipment are the bestselling equipments in Egypt Fitness Equipment Market.
The exercise services delivered through fitness centres convey the preventative health benefits to consumers, essentially decreasing the incidence of chronic diseases attributable to physical inactivity. Assuming a proficient percentage of the population affected with lifestyle diseases goes to a fitness centre, the predicted savings in direct health care costs from Egypt’s fitness centres is high across the country. The greatest component of this saving arises from the avoided costs of cardiovascular disease during a year along with augment in workforce participation and increment in workforce productivity. With the alarming grow in obesity-related issues in adults and health perils of the sedentary lifestyle, there is a requirement to stay fit now more than ever. In addition, active and healthy living has been motivated around the region, and the fitness services market has augmented speedily. Large-scale advancement, growing spending capacity in the developing regions, opening of fitness club and gyms, economic training equipment available, personal coaches, and efficient and extremely-improved wireless healthcare technologies have propelled the growth of the market progressively.
The fitness market in Egypt is expected to experience double digit growth due to rapidly rising interest in all kinds of wellness-related behaviors and lifestyles accompanied by accelerating consumer spending. The offline fitness centers in Egypt Health and Fitness market are expected to contribute majority of the revenue share with online fitness market anticipated to show a double-digit growth of more than 30.0% CAGR in the forecasted year.
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
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