Belgium Fitness Services Market Outlook to 2027F

The report provides a comprehensive analysis of the potential of Fitness Services Industry in Belgium. The report covers an overview and genesis of the industry, market size in terms of number of products sold and revenue generated.

Its market segmentations include by Type of Market, By Source of Revenue, By Payment Method, By Subscription Period, By Session Type and By Gender; growth enablers and drivers; challenges and bottlenecks; trends driving adoption trends; regulatory framework; end-user analysis, industry analysis, competitive landscape including competition scenario and market shares of major players. The report concludes with future market projections of each market segmentation and analyst recommendations.

Market Overview:

According to Ken Research estimates, the Belgium Fitness Services market – which grew from approximately ~% in 2017 to approximately ~% in 2022P – is forecasted to grow further into ~% opportunity by 2027F. The Belgium Fitness Services market contributed to a global growth rate of ~%. The Euorpean Fitness Services market has recorded robust growth over the last few years, offering exciting opportunities for fitness companies.

• Fitness wearables have been around for a few years now but they continue to take the fitness world by storm. Wearable technology is allowing users’ to be more aware of their own health and fitness. This segment is set to grow in the coming years.
• Virtual or online fitness is encouraging regular exercises among older adults to stay fit and prevent various health problems which arise with age. The adoption of virtual fitness is gaining momentum among elderly age group as they are hiring personal virtual trainers, for the correct execution of fitness training routines.

Key Trends by Market Segment:

By Source of Revenue: On the basis of revenue model, the subscriptions segment exhibited the highest growth in Belgium fitness market. It is expected to maintain its dominance in the upcoming years owing to the growing adoption of subscription-based fitness training sessions by customers due to its cost effectiveness as compared to signing up with a coach in-person.

By Payment Method: Card is the dominant payment method in Mexico. Cash and digital wallets tie as the second-most used payment method.Digital wallets are expected to rise sharply in use, in line with growing smartphone penetration in Mexico.

Competitive Landscape

In Belgium Fitness Services Market there are about ~ players operating in the overall market, and top players accounted ~% share in the market in terms of revenue. Belgium Fitness Services market is fragmented in nature. These market players compete on the basis of Membership fees, Quality of Services, Expertise and Value-Added Services. Personal trainers have been another prime factor for competition between organized and unorganized fitness centers.

Future Outlook

During the forecast period of 2022-2027, it is anticipated that the Fitness Services in Belgium will grow at a CAGR of ~%, leading to consumption of ~ tons by 2027F. The rising number of obese populations, growing demand for personal training, expanding geographical presence of major fitness centers and diversifying services portfolio will act as the tailwind in the future. Increase in ladies only fitness centers along with health awareness would supplement growth in the market. New markets are forming, and established markets have the potential to grow even more in the forecasted period.