Exploring Saudi Arabia Health & Fitness Service Market Opportunity, Latest Trends, Demand, and Development By 2030- MarkNtel Advisors

 According to Markntel Advisors Report, Saudi Arabia Health & Fitness Service Market is expected to grow at a significant growth rate, and the analysis period is 2024-2030, considering the base year as 2023. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.

Health & fitness services refer to a wide range of offerings focused on promoting physical well-being, improving fitness levels, and enhancing overall health. These services contain diverse activities, programs, and facilities designed to help individuals achieve their health & fitness-related goals.

 Saudi Arabia Health & Fitness Service Market Research Report & Summary:

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.         

Time Period Captured in the Report:

·         Historical Years: 2019-22

·         Base Years: 2023

·         Forecast Years: 2024-2030

Who are the Key Players Operating in the Saudi Arabia Health & Fitness Service Market?

The top companies of the Saudi Arabia Health & Fitness Service Market ruling the industry are: 

 Leejam, Inc., Al Manahil Entertainment Co., NuYu Fitness, ARENA, Gold’s Gym Club Holdings LLC, 9Round Franchising LLC, Kinetico, Landmark Fitness Limited, Studio55, Kun Sports, and others

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Saudi Arabia Health & Fitness Service Industry Recent Development:

2023: Beyond Activ has entered into a strategic partnership agreement with Leejam Sports Company for three years. The partnership aims to promote Leejam's businesses, develop the annual EMEA Festival, and encourage new investments in Saudi Arabia and the GCC region.

What is Included in Saudi Arabia Health & Fitness Service Market Segmentation?

The Saudi Arabia Health & Fitness Service Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic.  The further bifurcations are as follows:

-By Revenue Stream

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

-Membership Subscription- (Market Size & Forecast 2019-2030, (USD Million)

-By Gender

-Male- (Market Size & Forecast 2019-2030, (USD Million)

-Female- (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)

-By Region

-Riyadh

-Makkah

-Madinah

-Dammam

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Market Dynamics -Saudi Arabia Health & Fitness Service Market:

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.

Heightened Operational Costs to Limit the Market Expansion – A major obstacle hindering the growth of the Health & Fitness Service Market in Saudi Arabia is the high operational costs involved. This challenge encompasses various expenses, including property leasing or purchase, equipment maintenance, and hiring qualified staff. These costs are particularly burdensome for new entrants & smaller establishments aiming to establish themselves in the competitive market. Rental expenses for commercial spaces suitable for gyms in prime locations such as Riyadh have surged by approximately 20% in the past five years. Additionally, the initial investment required for setting up high-quality, technology-equipped gyms is substantial, serving as a significant barrier for start-ups in the industry.

Hence, the constraint of high operational costs not only impacts profitability but also hampers the scalability of fitness studios & gyms in Saudi Arabia, further significantly influencing the dynamics of the industry and posing a challenge for the market players.

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