MENA Fitness Service Market Growth 2023- Industry Trends, Revenue, Business Challenges, Opportunities, and Future Investment till 2032: SPER Market Research
Gyms, fitness centres, and wellness programmes are just a few of the organisations that fall under the umbrella of the fitness service industry. It serves those looking to enhance their lifestyles via exercise and physical activity. Growing public awareness of health advantages, easy access to fitness centres, and a variety of training options have all contributed to the industry’s expansion.
According to SPER market research, MENA Fitness Service Industry Market Size- By Market Structure, By Economic Impact of Fitness Centres, By Revenue Streams, By Membership Subscriptions Packages, By Gender- Regional Outlook, Competitive Strategies and Segment Forecast to 2032’state that the MENA Fitness Service Industry is predicted to reach USD 3.31 billion by 2032 with a CAGR of 18.32%.
Robust growth of 18.32% CAGR driven by a significant increase in the number of low-cost and boutique fitness centres that directly support the economy and propel market expansion. The majority of participants in fitness classes are millennials and Gen Z, who are driven by workouts that emphasise balance, routine, and prevention.
The increasing awareness of a balanced lifestyle, accessibility to affordable fitness centers, and the development of well-equipped gyms with state-of-the-art facilities are driving demand. Israel, recognized as a fitness and wellness hub, offers a plethora of health retreats, gym breaks, and boot camps with advanced equipment. The establishment of women-only gyms with female trainers has attracted new members, particularly women. Independent gyms focusing on guest health have significantly contributed to demand. In Egypt, most fitness brands target the mid-to-low-end market, while the rise of women-only centers, online fitness apps, and the growth of local gyms propel commercial fitness demand in the UAE. Advanced fitness offerings, supported by technology and social media, are expanding in Egypt, driven by increased demand. Major fitness chains and gyms are expanding their presence in Saudi Arabia due to the rising demand for fitness services.
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Impact of COVID-19 on MENA Fitness Service Market
As COVID-19 closed gyms and studios in nearly every nation, the MENA region saw a sharp increase in the adoption of digital exercise programmes. It is anticipated that the technologically advanced MENA digital fitness app market would bring in over USD 1 billion in revenue, with Morocco, Turkey, and the Kingdom of Saudi Arabia leading the way. Despite significant development, the MENA fitness sector is still in its infancy when compared to other nations like the UK, where just 1.4% of the population uses fitness centres. With Israel and Saudi Arabia being the two biggest fitness markets and accounting for more than 50% of the region’s projected revenues in 2020, the MENA fitness market is changing and becoming more disruptive. The MENA region’s penetration rate is highest in Israel, followed by the UAE and Saudi Arabia.
MENA Fitness Service Market Key Player
Additionally, some of the market key players are Anytime Fitness, Arena, Be Fit 360, Curves, ENERGYM, Flex Fitness, Oxygen Gym, Science Gym, Sky Gym, UFC Gym, Warehouse Gym and many others.
MENA Fitness Service Market Segmentation:
The SPER Market Research report seeks to give market dynamics, demand, and supply Forecast for the years up to 2032. This report contains statistics on product type segment growth estimates and forecasts.
By Market Structure
- Fragmented Market
- Popular Fitness Centers
- Local Gyms,
- Moderately Concentrated
- Boutique Gyms
By Economic
- Impact of Fitness Centers
- Direct Economic Impact
- Fitness Centers,
- Indirect Economic
- Impact of Fitness Centers
By Revenue Streams
- Membership Fees,
- Personal Training Fees
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
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MENA Fitness Service Industry Market Revenue
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