The KSA Fitness Market generated over $800 Mn Revenue in 2020 driven by evolving service offerings by fitness centers and government policies such as NTP. Does the future hold growth opportunities? 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 Saudi Arabia’s health and social affairs budget for 2019 outlines an 8% increase to USD 46 Bn as compared to USD 42 Bn in 2018 holding a massive market opportunity for industry enthusiasts, says a report by Ken Research Saudi Arabia’s health and social affairs budget for 2019 equates to about 15% of total government spending, budgeted at $260 Mn. Through the launch of National Transformation Program (NTP) 2020, Saudi Arabia government is trying to promote the health and fitness programs in the country. After it was revealed that only about 13% of the population is physically active (Health Club Management), the NTP seeks to transform Saudi population to be more physically active. Primarily, NTP will help in allocating significant investment to increase the number of active people from 13% to 20% by 2020, and up to 40% by 2030, as part of the government’s Vision 2030. This has opened up new arenas of development for the industry with companies taking interest in the same. Other Challenges in KSA Fitness Services Market 2.Saudi’s attractive market opportunities have compelled various fitness brands to enter the market leading to an increase in market size. The increasing fitness need among the Saudi Arabia population has created an opportunity in the fitness services industry and has forced many international brands to enter the Saudi Arabia market. Additionally, growth in family business conglomerates along with the increase in oil and gas business, industrial, manufacturing, consulting, and law firms have increased the international migration, contributing in the growth of Saudi Arabia fitness service industry. To cater the increasing demand, international brands such as Gold’s Gym, World Gym, Curves International, Fitness First and others have increased their presence in Saudi Arabia by opening new centers. This has increased the number of establishments (over 1500) & the total number of individuals participating in the fitness industry (over 1,000,000 members). Interested to Know More about this Report, Request for a sample report 3.Growth in the Fitness Industry will be triggered by an 86.5% increase in the number of clubs across the country & favorable government policies for female fitness enthusiasts. The market has been expected to grow up to USD 2000 Mn by the end of 2025, spurred on by rise in women participation with ease in regulations passed by the government. This shall prove to be a very successful revenue stream for major operating players, and will result in increasing the addressable target audience for fitness service operators. It is anticipated that gym prices will decline in the future, with fitness brands offering huge discounts to hike customer bases and expand their market presence. The fitness penetration rate is expected to reach close to 11%-14%, majorly due to the progress being made as part of the ‘Vision 2030’ and the spurt in the growth of the female fitness segment. The market is also poised to see the emergence of new players with companies showing increasing interest in the market & number of establishments growing at a CAGR of 11% by 2024. Visit this Link :- Request for custom report Key Segments Covered in KSA Fitness Market Direct Economic Impact of Fitness Centres Overview of Commercial Gyms in KSA 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 KSA 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 KSA Direct and Indirect Economic Impact of Fitness Industry in KSA Overview of Commercial Gyms in KSA Health and Fitness Market Snapshot of Digital Fitness Market in KSA Assessment of the Indirect Economic Impact of Fitness Industry in KSA KSA Fitness Equipment Industry Market Size Evaluation of Premiumization on Real Estate Sector Assessment of the Indirect Economic Impact of Fitness Industry in KSA 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 KSA Future Outlook and Projections for KSA Fitness Services Market White space and Opportunities existing in the KSA Fitness Services Market Research Methodology Contact Us: Ken Research Ankur Gupta, Head Marketing & Communications support@kenresearch.com +91-9015378249 Tags: B-Fit KSA Customer Base, Crossfit KSA Market Share, Emerging Players KSA Fitness Services Industry, Fit Room Annual Income, Fitox Istanbul Market Share, Gold Gyms KSA Annual Income, Gold’s Gym KSA Annual Income, Investment KSA Fitness Services Market, Jeddah Sports Club Market Outlook, KSA Commercial Gyms Market Outlook, KSA Digital Fitness Services Market, KSA Fitness Centers Industry Share, KSA Fitness Club Industry, KSA Fitness Equipment Industry Outlook, KSA Fitness Equipment Market Share, KSA Fitness Services Industry Outlook, KSA Fitness Services Industry Trends, KSA Fitness Services Market, KSA Fitness Services Market Competitors, KSA Fitness Services Market Opportunities, KSA Local Gyms Market Outlook, KSA Offline Fitness Services Industry Customer Base, KSA Online Fitness Services Market Outlook, KSA Residential Fitness Clubs Market, Leading Players KSA Fitness Equipment Market, Leading Players KSA Fitness Services Market, Life Fitness KSA Industry Share, Mac Fit KSA Market Share, Massport KSA Annual Income, No Of Average Members KSA, No Of Commercial Gyms KSA, No Of Digital Fitness Apps KSA, No Of Establishments KSA, No Of Fitness Centers KSA, No Of Local Gyms KSA Fitness Services Market, No Of Offline Fitness Service Centers KSA, Opportunities KSA Fitness Services Market, Riyadh Boutique Centers Customer Base, Riyadh Offline Fitness Services Market, True KSA Annual Income, World Gym Istanbul Income