Driven by rise of lifestyle-related illness, preventative health care, influence of social media and health-conscious audience contributing to the ample growth of Belgium fitness services market in the coming years.
Increasing Health-Conscious Audience in Belgium: The rise of the health-conscious consumer has created a massive impact on the health and fitness industry. Whether it’s healthy food alternatives, boutique gyms, personalized nutrition or smart technology, consumer awareness is at an all-time high. Younger consumers are leading the charge with healthy diets and are more health-conscious than any other generation before them. Younger consumers are willing to pay a premium price in a bid to meet their overall wellness goals. It’s not just about the younger generation, baby boomers born between 1946 and 1964 seem to be engaged more than ever in their quest for good health. With active retirement, longevity, and independence driving the need for a healthy diet and regular exercise. Regardless of age, those who wish to lead a more wellness-orientated life care more about fitness, nutrition, exercise, and health.
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Impact of Covid Safe Ticket (CST) to gain access to fitness centers in Belgium: Many of the fitness entrepreneurs indicated that members stopped or froze their subscriptions because of the introduction of the CST in fitness centers. Few gyms lost up to a fifth of their members which was a huge setback for the business. In addition to the loss of revenue, many entrepreneurs also had to invest extra in staff to scan members for disinfection and general hygiene.
Emergence of Online/Virtual Fitness Services Market: The global online/virtual fitness market has witnessed significant growth in past few years. Due to the outbreak of the COVID-19 pandemic, the market witnessed a sudden rise in 2020 as the larger number of the global population was working out daily at their homes using virtual/online fitness platforms. This was attributed to the implementation of lockdown by governments in majority of the countries and the shutdown of gyms and fitness clubs across the world to prevent the transmission of virus. The online fitness market is projected to prosper during the COVID-19 pandemic as well as in the upcoming years post pandemic. Growing popularity of online or virtual fitness programs among older adult age group due to their growing focus on health & fitness is expected to further drive the growth of the virtual fitness market in the upcoming years.
Analysts at Ken Research in their latest publication “Belgium Fitness Services Market Outlook to 2027F- By Type of Market (Organized Market, Unorganized Market), By Source of Revenue (Membership Fee, Personal Training), By Payment Method (Card, Cash, Bank Transfer, Digital wallet, Others), By Subscription Period (1 Month, 3 Month, 6 Month, 12 Month), By Session Type (Group, Solo) and By Gender (Female, Male).” observed the potential of the Fitness Services market in Belgium. A large number of Fitness Services companies are operating in the Belgium Fitness Services Market. These companies compete on various strengths such as pricing of the service offered, amenities, hygiene, presence on social media platforms etc. The Belgium Fitness Services Market is expected to grow at CAGR of ~% over the forecasted period i.e., 2022-2027F.
Key Segments Covered in the report
Belgium Fitness Services Market
- By Type of Market:
- Organized Market
- Unorganized Market
- By Source of Revenue:
- Membership Fee
- Personal Training
- By Payment Method
- Card
- Cash
- Bank Transfer
- Digital wallet
- Others
- By Subscription Period:
- 1 Month
- 3 Month
- 6 Month
- 12 Month
- By Session Type:
- Group
- Solo
- By Gender:
- Female
- Male
Key Target Audience
- Fitness Equipment Manufacturers
- Fitness Equipment Distributors
- Fitness Centers
- Government Organizations
- Investors
- Industry Associations
- Consulting Agencies
Time Period Captured in the Report:
- Historical Year: 2017-2022P
- Base Year: 2022P
- Forecast Period: 2022P– 2027F
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Companies Covered:
Fitopia
Spotoase
Martin’s Spa Bodywealth
Electro Gym
Botanic health spa
David Lloyd Club
Olympia
Aspria Brussels Arts-Loi
Spotclub Het Eiland
Gym TC
Dao Mons
Bio Gym
Bodycomplex
The fitness house
Escale wellness club
Svetlana coach
Key Topics Covered in the Report
- Socio-Economic Landscape of Belgium
- Direct and Indirect Economic Impact of Fitness Industry in Belgium
- Overview of Commercial Gyms in Belgium Health and Fitness Market
- Snapshot of Digital Fitness Market in Belgium
- Assessment of the Indirect Economic Impact of Fitness Industry in Belgium
- Belgium Fitness Equipment Industry Market Size
- Evaluation of Premiumization on Real Estate Sector
- Assessment of the Indirect Economic Impact of Fitness Industry in Belgium
- 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 Belgium
- Future Outlook and Projections for Belgium Fitness Services Market
- White space and Opportunities existing in the Belgium Fitness Services Market
- Research Methodology
For more insights on the market intelligence, refer to the link below:-
Belgium Fitness Services Market
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