Growing Awareness regarding balanced Lifestyle and Access to low cost budget fitness centers to drive market growth: Ken Research
- Digital Fitness App Market is expected to grow @25.1% CAGR as fitness centres are offering online classes and incorporating fitness-based apps for at-home exercise.
- Gyms and boutique studios are proactively adopting new creative ways to retain customers and transitioning to a more digital fitness practice, which are best positioned to succeed moving forward.
- High Tourist Influx for luxury services will encourage Hotels & Compounds to incorporate fitness centres in their properties and expand their offerings.
Increase in Penetration Rate and Active Members: Growth in the Fitness Industry will be triggered by a 10.0 % increase in the number of clubs across the country driving a total increase in members by 14.8 %. Steady increase in demand of certified personal trainers along with advancement of technologies adopted by majority of the fitness center and rising awareness among people about their health will intensify the number of subscribers.
Growth of Fitness Equipment Market: Sedentary lifestyles and hectic schedules along with COVID19 Outbreak are resulting a spike in the number of people working out from homes to avoid getting infected, thus fuelling the adoption of in-home fitness equipment. Elliptical and Fitness Machines along with Treadmill and Cardio training fitness equipment are expected to dominate the overall fitness equipment market.
Rise in Digital Offerings: Fitness Centers and Personal Trainers along with Fitness Bloggers are using social media platforms such as Facebook and Instagram to conduct live workshops for the ease and convenience of home workouts thereby leading to higher participation rate. Brick and Mortar fitness centres are facing competition from online weight loss programs owing to growing prominence of social marketing and platforms that have started online fitness tutorials.
The report titled “Israel Fitness Services Market Outlook to 2025 – Driven by the Growing Awareness for a more Balanced Lifestyle along with the Addition of State-of-the-Art Gyms in the country” by Ken Research suggested that the fitness market is further expected to grow in the near future owing to growing awareness of health benefits, increasing disposable income, rising awareness regarding obesity and to overcome health issues such as cardiovascular diseases along with growth of female only fitness centers has been the major key factors which drives the demand for fitness services centers in Israel. The market is expected to register a positive five year CAGR of 18.4% in terms of revenue during the forecast period 2020-2025F.
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- Direct Economic Impact of Fitness Centres
- Overview of Commercial Gyms in Israel 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
- Israel 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 Israel
- Direct and Indirect Economic Impact of Fitness Industry in Israel
- Overview of Commercial Gyms in Israel Health and Fitness Market
- Snapshot of Digital Fitness Market in Israel
- Assessment of the Indirect Economic Impact of Fitness Industry in Israel
- Israel Fitness Equipment Industry Market Size
- Evaluation of Premiumization on Real Estate Sector
- Assessment of the Indirect Economic Impact of Fitness Industry in Israel
- 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 Israel
- Future Outlook and Projections for Israel Fitness Services Market
- White space and Opportunities existing in the Israel Fitness Services Market
- Research Methodology
For More Information on the Research Report, refer to below link:
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
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