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Algeria Fitness Services Market Outlook to 2025F - Driven by technological innovations and inventive training approaches along with adoption of hybrid model by fitness centers
- KR1091
- Slides: 58
- October 2021
- Author(s): Apoorva Narula and Nishika Chowcharia
- Total Views:3943
- Region : Africa
- Ken Research
- Market Research Report
About the Report
About the Report
The report titled "Algeria Fitness Services Market Outlook to 2025F-Driven by technological innovations and inventive training approaches along with adoption of hybrid model by fitness centers" provides a comprehensive analysis of the fitness industry of Algeria. The report covers various aspects including the Market Size, Current Penetration, Total Number of Establishment, Total Number of Active Members, Direct Economic Impact and Indirect Economic Impact, Socio Economic Implications, Consumer Preferences and Trends Analysis, Technological Disruptions, Major Trends and Development, Government Initiatives and COVID Impact. The report concludes with market projections for future of the industry including forecasted industry size by revenue.
Algeria Fitness Services Market
The fitness market in Algeria is an underpenetrated market with one of the lowest penetration rate in the MENA market. Rising awareness about health risks of a sedentary lifestyle and adoption of tech innovations for connectivity and inventive training approaches are fueling the market growth . The participation of women is on the rise as trainers, fitness influencers, and entrepreneurs in fitness industry, thereby increasing the female memberships and employment.
Analyzing the Direct Economic Impact of Fitness Industry in Algeria
The fitness industry in Algeria is expanding significantly over the last few years with entry of international fitness chains offering flexible and modular subscription methods. It is characterized by a high proportion of part?time employment with majority of staff employed on a casual or part?time basis. Medium sized fitness centers dominate the sector genearitng 70.0% of commercial fitness industry revenue.
Commercial Gyms: Currently, most fitness brands in the market are positioned towards the mid-to-low end of the market, targeting the mass public. Entry of major fitness chains such as Anytime Fitness and ENERGYM are providing more attentive and personalized services focusing on specialized offerings to differentiate themselves and strengthen their competitiveness.
Hotels/Resorts: Algeria only hosts a small number of hotels operated by international chains with fitness centers, with options limited to a handful of establishments, even in the capital. A substantial number of branded facilities such as Sheraton and Holiday Inn have been opened in urban areas such as Algiers, thereby increasing the number of hotel based fitness center establishments.
Schools/Universities: Only 20%-30% of the Universities in Algeria have well equipped gyms either on campus or hostel for the students who aspire for physical well being thus promoting an active healthy lifestyle. It has been witnessed that the participation rate of female students in any sports activity or physical fitness was much lower compared to that of male students in Algeria.
Residential Townships/Compounds: Algeria's real estate market in recent years has seen a proliferation of private property developers seeking to tap into growing demand amongst the upper and middle classes for mid-to-high-end residential property. The closure of public gyms, fitness centers and clubs since COVID 19 has led to an astounding demand for residential/community gyms and are by far the highest motivating factor for joining and going to a gym due to the social interactions.
Assessment of the Indirect Economic Impact of Fitness Industry in Algeria
The fitness market has a ripple effect on other sectors such as fitness equipment industry, construction, real estate, apparel and footwear and technology. Sedentary lifestyles and hectic schedules along with COVID19 outbreak has resulted a spike in the number of people working out from homes to avoid getting infected, thus fueling the adoption of in-home fitness equipment. Fitness Machine, Exercise Equipment, Treadmill & Cardio Equipment are the best selling equipments in Algeria Fitness Equipment Market.
Assessment the Socio-Economic Implications for Fitness Industry in Algeria
The exercise services provided through fitness centres provide preventative heath benefits to customers, essentially reducing the incidence of chronic diseases attributable to physical inactivity. 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 high in the country. The largest component of this saving arises from the avoided costs of cardiovascular disease in a year along with increase in workforce participation and increase in workforce productivity.
Algeria Fitness Market Future Outlook and Projections
The fitness market in Algeria is expected to experience double digit growth 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 of more than 30.0% CAGR in the forecasted year.
Key Segments Covered in Algeria Fitness Market
Direct Economic Impact of Fitness Centres
- Overview of Commercial Gyms in Algeria 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
- 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 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 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
Products
Products
Key Segments Covered in Algeria Fitness Market
Direct Economic Impact of Fitness Centres
- Overview of Commercial Gyms in Algeria 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
- 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 Centres
- Government Organizations
Time Period Captured in the Report:
- Historical Period: 2015-2020
- Forecast Period: 2020-2025
Table of Contents
Table of Contents
1. Executive Summary
2. Socio-Economic Landscape of Algeria
Country Demographics, Population by Age Group, Population by Gender, GDP and Inflation Rates and Regional Analysis
Identifying the Customer Cohorts in Health and Fitness Market
Customer Mindset for Fitness Services
Customer Decision making factors for Fitness Centres
Target Addressable Market and Service Addressable Market in Algeria Health and Fitness Industrya
3. Direct and Indirect Economic Impact of Fitness Industry in Algeria
4. Analyzing the Direct Economic Impact of Fitness Industry in Algeria
Economic Contribution to the Fitness Club Industry
Algeria Fitness Services Market Revenue, 2020
Algeria Offline Market Assessment
Overview of Commercial Gyms in Algeria 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
Snapshot of Digital Fitness Market in Algeria
5. Assessment of the Indirect Economic Impact of Fitness Industry in Algeria
Indirect Impact on various Sectors by Fitness Industry
Supply Chain Scenario in Fitness Equipment Industry (Supply of local equipment manufacturing, distribution, etc.)
Algeria Fitness Equipment Industry Market Size
Evaluation of Premiumization on Real Estate Sector
Estimated Cost of Constructing a Fitness Centre (determined on the basis of per SQM and backed by assumptions such as size, location, floor level and others)
6. What has been the Socio-Economic Implications for Fitness Industry in Algeria?
Overview of Healthcare Scenario/Health Statistics
Potential Health Implications and Health Cost Reductions
7. How has the COVID impacted the entire Fitness Industry?
Impact of COVID 19 on Fitness Industry in the Algeria
Countermeasure from the Fitness Industry during Shutdown
8. Future Outlook and Projections for Algeria Fitness Services Market
Future Market Size Potential for Algeria Fitness Services Market
Future Potential of Commercial Gyms in the Algeria
Future Potential of Fitness Centres in Hotels, Universities and Residential Townships and Compounds
Future Potential of Digital Fitness Market in Algeria
9. Assessment of Franchisee Scenario across Gym Centers
White space and Opportunities existing in the Algeria Fitness Services Market
Analyzing the Expansion Route of Fitness Centres-Franchisee or Owned
10. Appendix
Research Methodology (Market Definitions, Abbreviations Used, Market Sizing Approach, Primary Research Approach & Entity Analysis-CATI's, Sample Size Inclusion, Research Limitations and Future Conclusions)
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