Kuwait Fitness Service Market Technology Trends – Ken Research
Ecosystem of Fitness Service Market in Kuwait
Kuwait Fitness Service Market is at growing stage and has fragmented market with many organized and unorganized players in market. Players are competing against each other on the basis of packages, number and type of equipment, service portfolio, fee’s structure. Al Corniche, Fitness First, Flex fitness, Circuit Plus, Palms Beach Club are few leading organized players.
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Key Findings
- Digital Fitness and At- Home workouts will gain traction in the near future as majority of the population intend to make virtual classes a regular part of their routine post pandemic.
- Fitness operators have an enormous opportunity to capture an ever-increasing segment of the population who are exercising or considering doing so.
The advent of integrated exercise services: Profitability associated with fitness services in Kuwait is highly correlated with multiple factors such as improving the effectiveness of fitness services provided, cost reduction related to equipment procurement, customer retention, and using the most up-to-date gym equipment, among others. Furthermore, the advent of integrated exercise services such as Yoga, Pilates, and Swimming will play a significant role in the income increase of the fitness industry in Kuwait.
Significant Rise after Covid: Despite being confined to their homes, exercise aficionados did not let their ambitions for improving their health go. Many people are inspired to create a home exercise regimen that can go beyond requirements for social distance. Specialized gyms and fitness studios start to become more and more well-liked as hectic lifestyles reduced the amount of time available for workouts.
Ladies Fitness Center and Services Diversification: Opening up of ladies dedicated gyms with female professional trainers to guide woman's pursuing exercises has created new segment and increased the female memberships in the country. The market growth would be facilitated by the increase in number of value-added services like Pilates, Zumba, Martial Arts, Spa, Jacuzzi, salon, aqua aerobics, yoga & others.
Analysts at Ken Research in their latest publication “Kuwait Fitness Service Market Outlook to 2027F- Segmented by Market Structure (Organized and Unorganized), By Revenue Stream (Membership, Personal Trainer and Supplementary Services), 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), By Income Group and By Region” observed that Fitness Service Market in Kuwait is at growing stage. The consumer preferences, online fitness services, female participation and healthy lifestyle with government initiatives are expected to contribute to the market growth over the forecast period. The market is expected to grow at an ~% CAGR during 2022-2027F.
Key Segments Covered in the report:
Kuwait Fitness Service Market
- By Market Structure:
- Organized
- Unorganized
- By Revenue Stream:
- Membership
- Personal Trainer
- Supplementary Services
- By Subscription:
- 3 months
- 6 months
- 1 year
- Others
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- By Gender:
- Male
- Female
- By Income Group:
- Below KWD 38,000
- KWD 38,000 to KWD 94,000
- KWD 94,000 to SAR 150,000
- Above KWD 150,000
- By Region:
- Northern Region
- Southern Region
- Western Region
- Eastern Region
- Central Region
Key Target Audience:
- Fitness Equipment Manufacturers
- Fitness Equipment Distributors
- Fitness Centres
- Government Organizations
Time Period Captured in the Report:
- Historical Period: 2017-2022
- Base Year: 2022
- Forecast Period: 2022-2027F
Companies Covered:
- Fitness First
- Flex Fitness
- Spark Athletic Centre
- Flare Fitness
- Al Corniche
- Palms Beach Club
- C-Club
- Platinum Health Club
- Peak Fitness
- Desert Fitness
- Circuit Plus
- Orange Theory Fitness
- Studio X
- Hero Gym
- Steam Gym
- Trim Club
- Hype Gym
- Physique
- Alta Fitness
- Vie Fitness Studio
- 207 Fitness Studio
- Hiltonia
- Gold's Gym
Key Topics Covered in the Report:
- Kuwait Fitness Service Market Introduction
- Kuwait Fitness Service Market Size, 2017-2022
- Kuwait Fitness Service Market Segmentation, 2022
- Growth Driver and Issues in Kuwait Fitness Service Market
- SWOT Analysis and Trends in Kuwait Fitness Service Market
- Snapshot of Personal Training in Kuwait Fitness Service Market, 2022
- Company Profiles of Major Players
- Future Outlook to Kuwait Fitness Service Market
- Analyst Recommendations
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