Rapid Growth in Women Fitness Centers along with Strong Government Support towards the National Transformation Plan's goal of Improving Fitness Levels among Saudi Arabians will Reduce the Growth Slump caused by the Covid Pandemic: Ken Research – Yahoo Finance

Another 340,000 Americans filed new claims, beating estimates of 345,000
GURUGRAM, India, Sept. 1, 2021 /PRNewswire/ — Saudi Arabia News
The government of Saudi Arabia lifted curfew across all regions of the country, except Makkah as of 26th April. While the order allows shopping centers to reopen, gyms, beauty clinics, salons, cinemas and restaurants will continue to be restricted from re-opening.
In light of the Covid situation, Fitness Time, the leading fitness services brand in Saudi Arabia, has drafted a brief outline for reopening its clubs post the opening of the curfew. It aims to start a Marketing Campaign in June 2020, and hopes to target SAR 100 million subscription income.
The Saudi government in March 2020, launched the "Your Home, Your Gym" campaign, encouraging citizens to workout at home and share their videos online. The initiative has been supported by the Ministry of Sports and the Saudi Arabian Olympics Committee.
Government Initiatives set to Drive Future Growth: The Saudi government is now playing an extensive part in developing the fitness levels of the citizens of the country. High obesity levels, high inactiveness levels and low participation rates in physical activities are problems prevalent across both men and women in Saudi Arabia. The licensing of female only gyms was a step in the right direction, towards improving fitness levels of women in the Kingdom. Regular health camps, releasing of online workout videos through partnership with fitness trainers and other initiatives towards enhancing the physical activity levels of Saudi Arabian citizens will act as a stimulus towards the growing adoption of fitness services in the Kingdom.
Fitness Services Diversification and Portfolio Expansion: There has been a stress towards developing additional and supplementary services, on the part of fitness service brands. The move has been a reaction to increasing demand for services such as Zumba classes, Pilates, Cross-fit, Kickboxing, MMA, Sauna, Salon and Spa among many others. Moreover, gyms are now offering their members the entire fitness service solution, by offering nutritional products such as dietary supplements and proteins, fitness apparel and fitness products. In this way, they are catering to the entire fitness journey of their members, from fitness activities, to diet to consultation. This trend would be in focus in the future, with fitness brands looking to focus more on enhancing member retention through enhanced customer satisfaction.
Emergence of Online Workouts: With the Covid situation restricting any face-to-face fitness activity during the curfew period in the Kingdom, many fitness brands have resorted to digital methods to keep their members fit and engaged. Fitness service brands have started to regularly post online workout videos accompanied by heath and diet tips, to assist their members to workout from the comfort of their home. Some fitness centres have also introduced paid online personal classes, which allow the customer to virtually simulate the workout routine, with the help of a personal trainer. The curfew period for gyms, may act as a blessing in disguise for gym centres, as with the help of technology, they are now able to target an even larger audience, which may enroll full-time at the gym and once the situation eases out.
Analysts at Ken Research in their latest publication "Saudi Arabia Fitness Services Market Outlook to 2025- By Market Structure (Organized and Unorganized), By Revenue Stream (Membership, Personal Trainer and Supplementary Services), By Regions (Riyadh, Jeddah, Dammam, Al Khobar, Makkah and Madinah and others), By Subscription (3 months, 6 months, 1 year and others), By Gender (Male and Female), By Age (Below 18 years, 19 to 30 years, 31 to 60 years and above 60 years) and By Income Group (Below SAR 38,000, SAR 38,000 to SAR 94,000, SAR 94,000 to SAR 150,000 and above SAR 150,000)" observed that rising female adoption of fitness services, heavy investment by fitness center brands to target remote areas & the nascent women fitness segment and supportive government measures in light of the realization of the National Transformation Plan's goals will drive steady growth in the Fitness Services Market in Saudi Arabia. The Saudi Arabia Fitness Services industry is expected to grow at a CAGR of ~10.7% in terms of revenues during the period 2019-2025.
Key Segments Covered:-
By Market Structure
By Revenue Stream
By Regions
By Subscription
By Gender
By Age
By Income Group
Key Target Audience
Fitness Service Providers
Fitness Service Equipment Manufacturers
Ministry of Sports
VC's/Investors
Industry Associations
Time Period Captured in the Report:-
Historical Period: 2014-2019
Forecast Period: 2019-2025
Fitness Brands Covered:-
Fitness Time
Body Masters
NuYu
Golds Gym
9 Round
Interval Plus Crossfit
Fitness First
Arena MMA Fitness
The Power Gym
Active Time
Lava Fitness
Spectrum Wellness for Women
Kore
Glow Fit
Studio 55
Pulse Studio
Kinetico
World Gym
Tytans Fitness
Curves
Glamour Fitness
Fit Zone
Fitness Maker
Muscles Factory
Other Players include G-Fit, B-Well Center, Fitness Inn, Areka, Iron Hill Crossfit, Fitness World, Marom Club, Rio Gym and Wazen Gym
Key Topics Covered in the Report:-
Benchmarking of Saudi Fitness Services Market and Global Fitness Services Market
Business Model of Fitness Service Operators in Saudi Arabia
Market Sizing Analysis of Fitness Services in Saudi Arabia
Market Segmentation Analysis of Fitness Services in Saudi Arabia
Emerging Trends and Developments in Saudi Arabia Fitness Services Market
Issues and Challenges in Saudi Arabia Fitness Services Market
Customer Decision Making Parameters
Pain Points of Customers
Competitive Landscape
Market Share of Unorganized Players in Fitness Services Market in Saudi Arabia
Company Profiles of Major Players (Fitness Time, Body Masters, NuYu, Fitness First, Glamour Fitness, NuYU and Gold's Gym)
Covid Impact on Saudi Arabia Fitness Services Market
Future Outlook of Saudi Arabia Fitness Services Market
Analyst Recommendations for New Entrants and Existing Players
Saudi Arabia Fitness Services Market Revenue
Fitness Centers in Saudi Arabia
Number Fitness Center KSA
Total Fitness Center Saudi Arabia
Popular Personal Training Packages Saudi Arabia
Saudi Arabia Fitness Services Market Stage
Saudi Arabia Fitness Services Competition Stage
Membership Revenue Saudi Arabia Fitness Services
Personal Training Revenue Saudi Arabia Fitness Services
Nutritional Services Revenue Saudi Arabia Fitness Services
Female Gyms Market Size Saudi Arabia
Crossfit Gyms Saudi Arabia
Kickboxing Gyms Saudi Arabia
Fitness Center Brands Saudi Arabia
Organized Fitness Centers Saudi Arabia
Unorganized Fitness Centers Saudi Arabia
Riyadh Fitness Centers Saudi Arabia
Al Khobar Fitness Centers Saudi Arabia
Jeddah Fitness Centers Saudi Arabia
Dammam Fitness Centers Saudi Arabia
Subscription Period Saudi Arabia Fitness Services
Male Fitness Centers Saudi Arabia
Emerging Trends Saudi Arabia Fitness Services
Customer Pain Points Saudi Arabia Fitness Services
The Power Gym Revenue
Interval Plus Crossfit Revenue
Market Share Saudi Arabia Fitness Services Market
Market Fitness Brands Saudi Arabia Fitness Services Market
Strengths and Weakness Major Fitness Brands KSA
Covid Impact Saudi Arabia Fitness Services
Covid Impact KSA Fitness Services
For More Information on the research report, refer to below link:-
Saudi Arabia Fitness Services Market
Related Reports:-
Vietnam Fitness Services Market Outlook to 2023 – By Subscription Period, By Organized and Unorganized, By Revenue Streams (Membership Fee and Personal Trainer Fee)
The Vietnam Fitness Services industry revenue has increased at a positive double digit CAGR during 2013-2018. The market is placed is at growing stage with high potential in future expansion in both urban and sub urban areas. The total addressable market in Vietnam for fitness services has been expanding. Various factors supporting growth include heavy expenditure by companies towards brand promotion activities & marketing including television advertisements, celebrity promotions, newspaper advertisement so as to maintain fitness centers visibility, increasing health consciousness in population especially within age category of (15-64) years. Increasing disposable income, rising awareness regarding obesity and to overcome health issues such as diabetes, hypertension and cardiovascular diseases have been the major factors which have driven the demand for fitness services centers in Vietnam.
Oman Fitness Services Market Outlook to 2022 – By Gym Membership and Personal Training, by Region (Al Batinah North, Al Batinah South, Ad Dakhiliyah, Dhofar and Muscat) , by Gender and by Membership Subscription (Annual, 6 months, 3 months, 1 month)
Oman fitness services market has witnessed a substantial growth in the past few years with a CAGR of close to 7% during 2012 to 2017. Rapidly rising obesity rate, heart problems, and increase in the consciousness about the personal health have propelled momentum to the market. Male and female population between 15 to 44 years has increased at a rate of more than 7% and 3% respectively during the review period. The number of fitness centres in Oman has increased with the expansion in the number of organized gyms and increase in the number of female specific fitness centers. Major contributing factors to the boost in revenue had been the addition of integrated fitness services such as, Yoga, Pilates and Swimming; provided under one roof, demand for personal training and others. Various macro economic factors have also contributed to the increase in demand. These include factors such as rise in total population, increase in obese population, increase in household consumption expenditure and GDP. All these factors have contributed to increasing the market for fitness services in Oman.
UAE Fitness Services Market Outlook to 2022 – By Market Structure (Organized and Unorganized), By Subscription Period (1month, 3months, 6months and 1year), By Region (Dubai, Abu Dhabi, Sharjah and others), By Revenue Stream (Membership Fee and Personal Trainer Fee)
The UAE Fitness Services market has grown at a strong CAGR during 2012-2017. Currently, the market is placed at growing stage with high potential in future expansion in both urban and sub urban areas. The total addressable market in UAE for fitness services has been expanding. Various factors supporting growth include heavy expenditure by companies towards brand promotion activities & marketing including television advertisements, celebrity promotions, newspaper advertisement so as to maintain fitness centers visibility, increase in population especially having age (15-64) years has been the largest end-user segment of the market. Growing health conscious population, increasing disposable income, rising awareness regarding obesity and to overcome health issues such as diabetes, hypertension and cardiovascular diseases has been the major key factors which drives the demand for fitness services centers in UAE. A substantial increase in awareness amongst population in cities & smaller towns has provided major thrust to this market. Shift in demand of people from hard core gym training exercise to other group exercise such as Pilates, Zumba, Aerobics, Martial Arts, Cross Fit has been the major fitness exercises which has drive the market. The market has been swelled with unorganized fitness centers which majorly do not offer these services and majorly focuses on hardcore gym exercises due to less availability of space and low membership subscription charged. Major catchment areas of fitness service centers has been Dubai (Jumeirah, Dubai Internet City, Al Barsha), Abu Dhabi (Al Khalidiyah, Al Zahiyah, Al Wahdah), Sharjah (Al Majaz, Maliha Road, Al Nahda), Al Ain (Central District, Al Mutawaa) and many others.
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Support@kenresearch.com
Tel.: +91-9015378249
View original content:https://www.prnewswire.com/news-releases/rapid-growth-in-women-fitness-centers-along-with-strong-government-support-towards-the-national-transformation-plans-goal-of-improving-fitness-levels-among-saudi-arabians-will-reduce-the-growth-slump-caused-by-the-covid-pandemic-301367026.html
SOURCE Ken Research
In the recovery from the pandemic, brands are aiming for something loftier than just experiential retail.
The regulator said a class of drug known as JAK inhibitors increased the risk of cancer, serious heart-related events, and death.
AbbVie stock collapsed Wednesday after the FDA said it would have to add a warning to the label for arthritis drug Rinvoq.
To say that Moderna (NASDAQ: MRNA) and BioNTech (NASDAQ: BNTX) investors have had a great year would be an understatement. Demand for the companies' coronavirus vaccines has led investors to bid the shares up. Let's examine why Moderna and BioNTech are on track to be even more lucrative stocks to own at the end of this year than they were at the start.
The Food and Drug Administration is drawing reasonable conclusions, but not necessarily conclusions that matter much to consumers.
As a result, demand has surged for a particular treatment that wasn't always so popular: monoclonal antibodies. In July, the government shipped five times more antibody treatments to states than it did in the previous month. Now, this may be the big moment for two makers of monoclonal antibodies — and it's likely to lead to more revenue in the future too.
Benchmark analyst Aydin Huseynov wrote that the company's Dupixent, for autoimmune diseases, could be the top-selling drug in the world by 2030.
CytoSorbents Corporation (NASDAQ: CTSO) has announced topline results from its CytoSorb Therapy in COVID-19 (CTC) multicenter registry. The data were presented at the International Symposium on Intensive Care and Emergency Medicine. The CTC Registry included 52 consecutive critically ill COVID-19 patients with refractory acute respiratory distress syndrome (ARDS) on life support with ECMO and CytoSorb. The primary outcome of 90-day ICU mortality was 27% in the CTC Registry, below the 50% in the
Is BMY stock a buy after its second-quarter earnings beat forecasts and as investors look ahead to Revlimid generics?
Krispy Kreme recently announced that it is doubling its doughnut-a-day offer. New York City Mayor Bill de Blasio is offering free Avengers comic books to persuade the teen set. According to the New York Times tracker, 1,346 Americans are dying each day from the virus, an increase of 93% over two weeks ago.
AC Immune said Tuesday its drug slowed cognitive decline in Alzheimer's patients in a test, and ACIU stock rocketed.
Photo Illustration by Sarah Rogers/The Daily Beast / Photos GettyMIAMI—After ending a 12-hour shift on Sunday, an intensive-care unit nurse at Baptist Hospital was ready to put August behind her.The nurse, who spoke on condition of anonymity because she did not have permission from the hospital to speak to reporters, said the past month was the worst of the pandemic so far—echoing the horrific hard numbers in the state.“It’s horrible,” the nurse told The Daily Beast. “I’ve never bagged so many t
An analyst on Wall Street thinks the company's commercial and development pipeline has been underestimated.
The U.K. government, NHS England, and Novartis AG (NYSE: NVS) unveiled a "world-first" reimbursement deal for providing broader access to anti-cholesterol drug Leqvio (inclisiran) after the U.K.'s healthcare cost agency NICE approved the medicine. The news follows the January 2020 announcement of the deal parameters. The partners are now ready to move into the "implementation phase." After reviewing clinical data from three Phase 3 trials, England's NICE endorsed the drug in patients with a hist
More than a decade after the twin towers fell, Ron Kirchner began forgetting things. Buckling his belt. Closing his car door. Once, while visiting a preschool class on the 13th anniversary of 9/11, he even neglected to wear his customary necktie and New York City Fire Department hat. "He was in a panic," says his wife, Dawn. "He used to like to bring the kids something, like coloring books. And he couldn't find anything." This was unlike Ron, who had always been devoted and dutiful. He frequentl
The model, who welcomed son Hudson in late June, gets candid about her breastfeeding journey.
Dr. Andre Campbell, Professor of Surgery of UCSF & ICU Physician and Trauma Surgeon Zuckerberg San Francisco General Hospital, joins Yahoo Finance to discuss the latest on the coronavirus pandemic.
One Wall Street analyst thinks that COVID-19 booster shots will only be available to people at higher risk of cases of COVID-19, and not all vaccinated Americans.
Over the past few months, COVID cases have surged once again across the U.S., thanks in large part to the fast-spreading Delta variant. The majority of new infections are among unvaccinated individuals, but headlines about breakthrough infections—which have hit everyone from major Hollywood celebrities to U.S. senators—have some vaccinated individuals wondering just how protected they are against the variant. The reality is that while the vaccines are still very effective, many things can affect
Pfizer said its latest mid-to-late-stage trial will enroll 1,140 non-hospitalized adults diagnosed with coronavirus infection who are not at risk of severe illness. Patients in the trial will be given Pfizer's pill, known as PF-07321332, and a low dose of ritonavir, an older medication widely used in combination treatments for HIV infection.

source

Book an appointment