Sat. Apr 20th, 2024
Saudi Arabia Health & Fitness Service Market

Saudi Arabia Health & Fitness Service Market Insights Report Overview

According to the latest market study by MarkNtel Advisors titled Saudi Arabia Health & Fitness Service Market Industry Size, Share, Trends, Growth, Opportunity Analysis 2024-2030” presents a thorough examination of market drivers, opportunities and challenges.

Utilizing a quantitative approach, it offers precise insights into market size, share, and growth. Crafted by industry experts, the report delves into consumption patterns, geographical analysis, and competitive landscapes. Its objective is to furnish valuable insights for clients seeking to comprehend and leverage market dynamics. With a dual focus on historical achievements and future projections, it furnishes a nuanced understanding of the market terrain.

Saudi Arabia Health & Fitness Service Market Overview:

The Saudi Arabia Health & Fitness Service Market size was valued at USD 1.02 billion in 2023 and is estimated to grow at a CAGR of around 8.5% during the forecast period, i.e., 2024-30.

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Saudi Arabia Health & Fitness Service Market Driver:

Upsurge in Health Consciousness Due to Lifestyle-related Diseases to Influence the Market Demand – The demand for health and fitness services in Saudi Arabia is surging due to increasing awareness about the importance of physical fitness. This shift is driven by education and health campaigns, along with the availability of digital platforms disseminating health information. A 2022 survey revealed that over 60% of Saudis are adopting healthier lifestyles at present times, compared to five years ago. Lifestyle-related diseases like diabetes & hypertension, affecting around 23.9% and 25.5% of adults respectively, are motivating individuals to incorporate regular exercise into their routines. Additionally, the youth, comprising 70% of those under 30, are particularly receptive, leading to a significant rise in gym memberships. Thus, this tendency towards a healthy lifestyle is driving the growth of the Saudi Arabia Health & Fitness Service Market.

Competitor Insight: Saudi Arabia Health & Fitness Service Market

This report focuses on major market participants like:

  • Business Description
  • Al Manahil Entertainment Co.
  • NuYu Fitness
  • ARENA
  • Gold’s Gym Club Holdings, LLC
  • 9Round Franchising, LLC
  • Kinetico
  • Landmark Fitness Limited
  • Studio55
  • Kun Sports
  • Others

Explore Our Comprehensive Study: https://www.marknteladvisors.com/research-library/saudi-arabia-health-fitness-service-market.html

Segmentation Summary: Saudi Arabia Health & Fitness Service Market

This segmentation analysis outlines prominent sections in the report’s table of contents. Each segment undergoes thorough analysis, including sub-segments, to showcase both current and historical market sizes. The analysis underscores investment opportunities for rapid growth, particularly in the Saudi Arabia Health & Fitness Service Market, with notable highlighting on:

-By Gender

  • Male
  • Female

The Male segment has been dominating the Saudi Arabia Health & Fitness Service Market over the past period, securing the majority of the market share. Over half of the gym attendees are male, with the remaining attendees being female. Conservative norms, particularly regarding women in Middle Eastern nations, have historically led to a lower proportion of women participating in fitness services. However, as lifestyles, trends, attitudes, and health awareness evolve among the population, coupled with the lifting of bans on female participation, this landscape is gradually shifting. Consequently, more women are now joining fitness centers, contributing to an increase in their representation.

-By Revenue Stream

  • Personal Training & Instruction Services- (Market Size & Forecast 2019-2030, (USD Million)
  • Membership Subscription- (Market Size & Forecast 2019-2030, (USD Million)

-By Subscription Plan

  • 03 Months- (Market Size & Forecast 2019-2030, (USD Million)
  • 06 Months- (Market Size & Forecast 2019-2030, (USD Million)
  • 12 Months- (Market Size & Forecast 2019-2030, (USD Million)
  • Others (1.5 years, 2 years, etc.)- (Market Size & Forecast 2019-2030, (USD Million)

Saudi Arabia Health & Fitness Service Market Geographical Reach:

  • Riyadh
  • Makkah
  • Madinah
  • Dammam

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Key Questions Addressed:

  • Factors Driving Market Growth: Understand the primary drivers propelling the Saudi Arabia Health & Fitness Service market forward.
  • Access to Reliable Reports: Learn where to access dependable market reports for informed decision-making.
  • Growth Projections: Gain insights into anticipated growth projections for the coming years.
  • Geographical Hotspots: Identify geographical poised for significant market growth soon.

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MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 14.8 diverse industrial verticals.

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