Algeria Fitness Equipment Market Research Report: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit What Is The Current Scenario Of Fitness Centres In Algeria? With a population of 44.2 million and $141.3 Bn GDP as of 2020, Algeria’s economy has been growing @2.9% 5-year compound annual growth. Population in Algeria, irrespective of age groups participate actively in regular physical activities such as walking, cycling & gymming in public parks, fitness centers or at home. Majority of the people in Algeria spend 1-4 hours exercising daily or performing some form of physical activity such as Yoga, Walking, Zumba and others to stay fit and healthy. Around 35.0% of the population in Algeria, majorly comprising of age group 25-35 years invest 5-8 hours/week are more health conscious and belong to a fitness club than any other age category representing the service addressable market for a fitness industry. The Algeria fitness Industry has expanded significantly over the last decade contributing ~% of GDP in 2020. Demand for fitness centers is mostly driven by rising health awareness and increased women’s participation in fitness centres. The industry is transitioning to customer-centric service emphasizing on customer acquisition rather than customer retention. Refining sustainable and customer-centric operations is now becoming the key to success via rich content, attentive service and diversified revenue streams. Growing awareness regarding the health risks associated with a sedentary lifestyle, increasing penetration of the key players of the market coupled with several numbers of innovations in the fitness equipment are driving the market. However, lack of availability of trained and experienced personnel is a major challenge in Algeria Fitness Market. Request for Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NDc5MDMz Direct Economic Impact Of Fitness Centres Algeria Health and Fitness Market contributed $~ Mn Revenue in 2020 with Offline and Online Fitness Centres contributing ~% and ~% respectively. The number of establishments grew by ~CAGR during 2015-2020. Commercial Gyms: Commercial gyms and fitness centers focusing on health & fitness of the customers contributed majority of the market revenue generating $~ Mn in 2020 with popular fitness centers dominating the market revenues. Hotel Gyms: Hotels and Resorts in Algeria contributed $~ revenue with only a few major international chains having the onsite fitness facility in their properties. The increase in number of star hotels with a well-equipped gym and professional trainers has accelerated the size of hotel-based fitness centres. Schools/Universities: 20-30% of the Universities in Algeria have well equipped gyms in their campuses/hostels for the students who aspire for physical well-being thus promoting an active healthy lifestyle. Residential Townships/Compounds: The fitness centres in residential compounds and townships in Algeria are well equipped with a wide range of equipment giving users a level of variety in their workout. The closure of public gyms, fitness centers and clubs since COVID 19 has led to an astounding demand for residential/community gyms. Medical Fitness Centres and Others: Most medical fitness & wellness centers offer a variety of services like physical therapy, massage, and health related workshops open to the community and have professionals that are well aware of providing individualized programs for people with medical conditions. Indirect Economic Impact Of Fitness Centres The fitness market has a ripple effect on other sectors such as fitness equipment industry, construction, real estate, apparel and footwear and technology. Fitness Equipment Market: Algeria Fitness Equipment Market generated a revenue of $~Mn in 2020. Majority of the Fitness Equipments in Algeria are locally manufactured and rest are imported from countries such as Germany, Italy and China and distributed to various end users. Premiumization of Real Estate: Renting in areas with recreational clubs & other amenities such as gym costs $`-$~ per sq. ft above the average standard rate. In big cities such as Algiers, the price difference in apartment buildings with gyms versus the city’s average rent tends to be higher than in other locations such as Oran and generally pricier than what an off-premise gym charge. Construction Sector: The cost of constructing a Fitness Centre in Algeria stands around $~ -$~ per square metre where labors involved in the construction and maintenance of the centres are paid $~ an hour, thereby generating employment in the industry. Building costs for existing rental space or new construction are affected by the geographical location of the club with higher costs of construction materials and labor in urban and developed cities. Socio Economic Impact Of Fitness Centres Algeria has been termed as the best Health rank in North Africa with extensive investment in the Healthcare sector with public healthcare network ranked as the 173rd most secure healthcare network. However, Algeria has been facing many healthcare challenges such as CVD, Diabetes and Cancer. Assuming a significant percentage of the population affected with lifestyle diseases goes to a fitness centre, the estimated savings in direct health care costs from Algeria’s fitness centres is $~ Mn in a year. The largest component of this saving arises from the avoided costs of cardiovascular disease, which provides a saving of around $~ Mn in a year along with increase in workforce participation and increase in workforce productivity ~% and ~% respectively. Future Catalysts In Algeria Fitness Market Market is anticipated to show a double-digit growth @19.4% CAGR due to rapidly rising interest in all kinds of wellness-related behaviors and lifestyles accompanied by accelerating consumer spending. The offline fitness centers in Algeria Health and Fitness market is expected to contribute majority of the revenue share with online fitness market anticipated to show a double digit growth @30.2% CAGR in the forecasted year. Initiatives by the Government to develop the Hospitality Sector will encourage Hotels & Resorts to incorporate fitness centres in their properties and expand their offerings. Key Segments Covered in Algeria Fitness Market: – Direct Economic Impact of Fitness Centers Overview of Commercial Gyms in Algeria Health and Fitness Market Overview of Fitness Centers in Hotels and Resorts Overview of Fitness Centers in Schools and Universities Overview of Fitness Centers in Residential Townships/Compounds Overview of Fitness Centers in Hospitals Overview of Fitness Centers in Sports Clubs and Govt. Organizations Indirect Economic Impact of Fitness Centers Algeria 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 Centers 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 Algeria Direct and Indirect Economic Impact of Fitness Industry in Algeria Overview of Commercial Gyms in Algeria Health and Fitness Market Snapshot of Digital Fitness Market in Algeria Assessment of the Indirect Economic Impact of Fitness Industry in Algeria Algeria Fitness Equipment Industry Market Size Evaluation of Premiumization on Real Estate Sector Assessment of the Indirect Economic Impact of Fitness Industry in Algeria 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 Algeria Future Outlook and Projections for Algeria Fitness Services Market White space and Opportunities existing in the Algeria Fitness Services Market Research Methodology For More Information on the research report, refer to below link: – COVID 19 Impact on Algeria Fitness Services Market Related Reports by Ken Research: – Philippines Health Tech Market Outlook to 2025- By Service Type (E-Pharmacy, Online Consultation and Healthcare IT Solutions) and By Region (Manila, Central Luzon, Mindanao/Davao, and Others Indonesia Health Tech Market Outlook to 2025-Lack of Medical Staff and Protective Gear to Lean on Healthcare Startups in Indonesia India Consumer Wearables Market Outlook to 2025- By Type (Fitness Trackers and Smart-watches), By Sales Channel (Online and Offline), By Price Segment (Under ₹ 1000 ,₹1000 – ₹ 10,000 , ₹10,000 – ₹ 20,000 and Above ₹ 20,000) and By Sales Contact Us: – Ken Research Ankur Gupta, Head Marketing & Communications Support@kenresearch.com +91-9015378249 Tags: Active Members in Algeria Fitness Industry, Algeria Fitness Centers Hybrid Model Analysis, Algeria Fitness Equipment Industry, Algeria Fitness Services Industry, Algeria Fitness Services Industry Research Report, Algeria Fitness Services Market, Algeria Fitness Services Market Analysis, Algeria Fitness Services Market Growth Rate, Algeria Fitness Services Market Key Players, Algeria Fitness Services Market Major Companies, Algeria Fitness Services Market Outlook, Algeria Fitness Services Market Research Report, Algeria Fitness Services Market Revenue, Algeria Fitness Services Market Share, Algeria Fitness Services Market Size, Algeria Health Cost Size, analysis of the fitness industry of Algeria, Commercial Gyms Market in Algeria, Cost of Constructing a Fitness Centre in Algeria, COVID 19 Impact Algeria Fitness Services Industry, COVID Impact on Algeria Fitness Services Market, Digital Fitness Services Market in Algeria, Direct Economic Impact of Fitness Industry in Algeria, Fitness Centers & Health Clubs Market in Algeria, Fitness Centre Construction Cost, Fitness Centres in Algeria, Fitness Centres in Hospitals Algeria, Fitness Equipment Distributors in Algeria, Fitness Equipment Manufacturers in Algeria, Fitness Equipment Market Sale Growth Algeria, Fitness Events in Algeria, Fitness Facilities Companies in Algeria, Fitness Franchise Opportunities in Algeria, Fitness Franchises in Algeria, Fitness GDP Contribution in Algeria, Fitness Market Algeria, Fitness Services Industry in Algeria, Fitness Services Market in Algeria, Fitness Services Penetration Algeria, Future Of Algeria Fitness Services Market, Government Fitness Initiatives Algeria, Health/Fitness Clubs & Gyms in Algeria, Hotel Fitness Services Centre in Algeria, Hotel Gyms Share in Algeria, Lifestyle Disease Algeria, Medical Fitness Services Centres Algeria, Member Penetration Algeria Fitness, Number of Sports Clubs in Algeria, Research Report on Algeria Fitness Services Market, Residential Gyms in Algeria, Sports Nutrition in Algeria, Technological Innovations in Algeria Fitness Industry, University Gyms Algeria, آفاق سوق اللياقة الجزائرية, إيرادات سوق اللياقة البدنية الجزائري, الشركات الكبرى في سوق اللياقة الجزائرية, اللاعبون الرئيسيون في سوق اللياقة الجزائرية, تحليل سوق اللياقة البدنية في الجزائر, تقرير أبحاث سوق اللياقة في الجزائر, تقرير أبحاث صناعة اللياقة البدنية في الجزائر, تقرير بحثي عن سوق اللياقة الجزائرية, حجم سوق اللياقة البدنية الجزائري, حصة سوق اللياقة الجزائرية, سوق اللياقة الجزائرية, سوق اللياقة في الجزائر, سوق مستقبل الجزائر للياقة البدنية, صناعة اللياقة البدنية الجزائرية, صناعة اللياقة البدنية في الجزائر, فتنس ماركت الجزائر, معدل نمو سوق اللياقة البدنية في الجزائر