Dublin, Nov. 05, 2024 (GLOBE NEWSWIRE) — The “Saudi Arabia Health and Fitness Club Market Report and Forecast 2024-2032” report has been added to ResearchAndMarkets.com’s offering.
The Saudi Arabia health and fitness club market reached a value of USD 989.24 million in 2023. Aided by the introduction of favourable government initiatives aimed at driving the quality of life of citizens and promoting exercise, the market is projected to further grow at a CAGR of 9.7% between 2024 and 2032 to reach a value of USD 2.28 billion by 2032.
The primary driver of the Saudi Arabia health and fitness club market growth is the increasing health consciousness among the population. With rising cases of lifestyle-related diseases such as obesity, diabetes, and cardiovascular issues, there is a growing emphasis on preventive healthcare, which is significantly boosting the demand for fitness clubs. Additionally, the government’s Vision 2030 initiative, which aims to promote physical activity and sports, has further spurred the growth of health and fitness clubs in the country.
The rising disposable income and changing lifestyle preferences of the population are also key factors contributing to the Saudi Arabia health and fitness club market share. As more individuals have the financial capability to invest in fitness memberships and wellness programs, the demand for high-quality health and fitness services has surged. The increasing number of working professionals and their inclination towards maintaining a work-life balance have also led to a higher demand for fitness clubs that offer flexible membership plans and advanced fitness amenities.
Technological advancements in the fitness industry, such as the integration of wearable fitness technology, virtual training sessions, and mobile fitness applications, are playing a crucial role in attracting tech-savvy consumers to health and fitness clubs while significantly impacting the Saudi Arabia health and fitness club market development. These innovations enhance the overall fitness experience by providing personalised training programs, real-time progress tracking, and seamless connectivity with fitness trainers and nutritionists.
There is significant potential for the expansion of fitness clubs into untapped regions and smaller cities in Saudi Arabia. The growing awareness of health and fitness in these areas presents an opportunity for fitness clubs to establish a presence and cater to the local population. Corporate wellness programs are gaining traction as companies recognise the benefits of promoting employee health and well-being. Fitness clubs can collaborate with corporations to offer customized wellness programs, on-site fitness facilities, and special membership plans for employees. The rising demand for holistic wellness services, including mental health support, nutrition counselling, and stress management, provides an opportunity for fitness clubs to diversify their offerings. By integrating these services into their fitness programs, clubs can attract a broader clientele seeking a comprehensive approach to health and wellness.
As per the Saudi Arabia health and fitness club market analysis, the market is poised for significant growth in the coming years, driven by increasing health consciousness, rising disposable income, and supportive government initiatives. The market is expected to witness the continued expansion of fitness club chains, the rise of boutique fitness studios, and the integration of advanced technologies to enhance the member experience. Fitness clubs will need to address challenges such as cultural barriers, high membership costs, and competition from home fitness solutions to capitalize on the growth opportunities. By expanding into untapped markets, targeting corporate wellness programs, and developing holistic wellness services, fitness clubs can attract a broader customer base and drive market growth.
The health and fitness club market in Saudi Arabia is experiencing robust growth, fuelled by increasing health awareness, rising disposable income, and government support. The market presents significant opportunities for fitness clubs to expand their presence, innovate their offerings, and cater to the evolving needs of the population. As the market continues to evolve, fitness clubs that prioritize customer experience, technological integration, and holistic wellness will be well-positioned to thrive in the competitive landscape.
Competitive Landscape
The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the Saudi Arabia health and fitness club market. Some of the major players explored in the report are as follows:
- Leejam Sports Company (Fitness Time)
- Lava Fitness
- Al Manahil Entertainment Co.
- NuYu
- Arena
- Gold’s Gym Club Holding, LLC
- 9Round Franchising, LLC
- IntervalPlus
- Body Masters
- Kinetico
- Fitness Track Co. (Studio55)
- Landmark Fitness Limited
Key Attributes
| Report Attribute | Details |
| No. of Pages | 203 |
| Forecast Period | 2024 – 2032 |
| Estimated Market Value (USD) in 2024 | $1089.16 Million |
| Forecasted Market Value (USD) by 2032 | $2284.26 Million |
| Compound Annual Growth Rate | 9.7% |
| Regions Covered | Saudi Arabia |
Key Topics Covered
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Middle East and Africa Health and Fitness Club Market Overview
8.1 Key Industry Highlights
8.2 Middle East and Africa Health and Fitness Club Historical Market (2018-2023)
8.3 Middle East and Africa Health and Fitness Club Market Forecast (2024-2032)
9 Saudi Arabia Health and Fitness Club Market Overview
9.1 Key Industry Highlights
9.2 Saudi Arabia Health and Fitness Club Historical Market (2018-2023)
9.3 Saudi Arabia Health and Fitness Club Market Forecast (2024-2032)
10 Saudi Arabia Health and Fitness Club Market by Revenue Stream
10.1 Personal Training and Instruction Services
10.2 Membership Fees
10.3 Others
11 Saudi Arabia Health and Fitness Club Market by End Use
11.1 Men
11.2 Women
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter’s Five Forces Analysis
12.2.1 Supplier’s Power
12.2.2 Buyer’s Power
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators for Demand
12.4 Key Indicators for Price
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
14 Key Trends and Developments in the Market
For more information about this report visit https://www.researchandmarkets.com/r/7c1vnf
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