Sport
KSA Fitness Industry Flexes Its Muscles: Market to Reach $87.7 Billion by 2027, Fueled by Boutique Gyms and Wellness Focus
The KSA fitness industry currently boasts a market size of over $800 million , contributing a significant 0.15% to the Kingdom's GDP. This sector employs over 23,360 individuals across various fitness establishments, showcasing its potential as a key job creator. Several key factors are fueling this impressive growth:
The report dives deeper by analyzing the KSA fitness market through various segments:
The report paints a promising picture for the KSA fitness market, driven by several factors:
The KSA fitness industry is at a pivotal moment, experiencing dynamic growth and evolving trends. With its focus on personalized experiences, government support, and increasing health awareness, the market offers immense potential for investors, businesses, and stakeholders. By understanding the key drivers and future outlook, as outlined in Ken Research's report, participants can develop informed strategies and contribute to the industry's continued success.
Membership
Personal Training
Exclusive/Boutique Centers
Popular Fitness Centers
Local Gym & Fitness Centers
1 Month
3 months
6 Months
12 Months
Jeddah
Riyadh
Dammam
Al Khobar
Makkah
Others
Independent Fitness Centers
Chained Fitness Centers
The market will grow at a CAGR of 5.72% during 2022-2027 due to increasing recognition of the benefits of employee wellness which has led to the implementation of corporate wellness programs, contributing to the growth of the fitness market. Potential government initiatives or policies such as fitness campaign (BEACTIVE DAY) promoting physical activity and wellness may further stimulate growth in the fitness market.
According to Ken Research estimates, the France Fitness Services Market which grew at a CAGR of ~% from 2017-2022 & is forecasted to grow at a CAGR of ~% from 2023-2027F driven by increase in health & fitness consciousness. Focus on growing health and fitness consciousness, increasing obesity and lifestyle are major factor contributing towards development of Fitness Service Services in France . Market Growth is driven by increase in number of clubs all over the country, driving a total increase in members.
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 European Fitness Services market has recorded robust growth over the last few years, offering exciting opportunities for fitness companies.
According to Ken Research estimates, the Bahrain Fitness Services market – which grew from approximately ~% in 2017 to approximately ~% in 2022P – is forecasted to grow further into ~% opportunity by 2027F. The Bahrain Fitness Services market contributed to a global growth rate of ~%. Bahrain Fitness Services market has recorded robust growth over the last few years, offering exciting opportunities for fitness companies.
Ken Research Private Limited
Ankur Gupta , Director Strategy and Growth
+91-9015378249
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