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 t
Region:Middle East
Product Code:KROD127
February 2023
70
About the Report
The report provides a comprehensive analysis of the potential of fitness service industry in Kuwait. The report covers an overview and genesis of the industry, market size in terms of revenue generated.
Its market segmentations include by market structure, be revenue stream, by subscription, by age, by income group and by region; growth enablers and drivers; challenges and bottlenecks; trends driving adoption trends; regulatory framework; end-user analysis, industry analysis, competitive landscape including competition scenario and market shares of major players. The report concludes with future market projections of each market segmentation and analyst recommendations.
Market Overview:
According to Ken Research estimates, the Kuwait Fitness Service Market – which grew from approximately KWD ~ Mn in 2017 to approximately KWD ~ Mn in 2022 – is forecasted to grow further into KWD ~ Mn opportunity by 2027F, owing to the demand for female trainers, rise in health consciousness and changing lifestyle.
- Increasing awareness about the consequences of lifestyle related diseases such as obesity that include high blood pressure, heart strokes, and diabetes are expected to intensify the number of subscribers in Kuwait.
- Studios are expected to adapt to the online space post pandemic and expand their offerings by providing digital fitness application with personalized training and highly discounted one-on-one virtual personal training sessions.
Key Trends by Market Segment:
By Gender: Due to traditional restrictions connected with women in Kuwait, the market for fitness services has been primarily driven by the country's male population. Women have become more conscientious, and there has been an increase in the number of female members at various fitness service facilities across the country. Female-specific services and fitness centers are already in high demand, and this trend is expected to grow.
By Market Structure: The unorganized sector has supplied the vast majority of the revenue generated by fitness services. The organized sector, which comprises institutions such as men's gyms, women's gyms, mixed gyms, and cross fit, provided the remaining market share.
Competitive Landscape
Future Outlook
Kuwait Fitness Service Market is on the rise, and more and more Kuwait population are demanding fitness services. Therefore, it will boost the market in Kuwait. Additionally, factors like virtual fitness training, growing health and fitness consciousness, increasing obesity and lifestyle will also support the market in future.
Scope of the Report
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Kuwait Fitness Service Market Segmentation |
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By Market Structure |
Organized Unorganized |
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By Revenue Stream |
Membership Personal Trainer Supplementary Services |
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By Subscription |
3 months 6 months 1 year Others |
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By Gender |
Male Female |
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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 |
Products
Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report
- Fitness Equipment Manufacturers
- Fitness Equipment Distributors
- Fitness Centers
- Government Organizations
Time Period Captured in the Report
- Historical Period: 2017-2022
- Base Year: 2022
- Forecast Period: 2022-2027F
Companies
Major Players Mentioned in the Report
- Fitness First
- Flex Fitness
- Spark Athletic Center
- 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
- 20 7 Fitness Studio
- Hype Gym
- Hiltonia
- Gold's Gym
Table of Contents
1. Executive Summary
2. Kuwait Fitness Service Market Overview
2.1 Taxonomy of the Kuwait Fitness Service Market
2.2 Industry Value Chain
2.3 Ecosystem
2.4 Government Regulations/Initiatives for the Kuwait Fitness Service Market
2.5 Growth Drivers of the Kuwait Fitness Service Market
2.6 Issues and Challenges of the Kuwait Fitness Service Market
2.7 Impact of COVID-19 on the Kuwait Fitness Service Market
2.8 SWOT Analysis
3. Kuwait Fitness Service Market Size, 2017 – 2022
4. Kuwait Fitness Service Market Segmentation
4.1 By Service Type, 2017 - 2022
4.2 Subscription, 2017 – 2022
4.3 By Regional Split (Al Asimah, Al Farwaniyah, Al Ahmadi, Hawalli, Jahra and Mubarak Al-Kabeer), 2017 - 2022
5. Competitive Landscape of Kuwait Fitness Service Market
5.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
5.2 Strategies Adopted by Leading Players
5.3 Company Profiles – (Top 7 Major Players)
5.3.1 Platinum Health Clubs
5.3.2 Oxygen Gym
5.3.3 Fitness First
5.3.4 Circuit + Fitness
5.3.5 Flex Fitness
5.3.6 Inspire Gym
5.3.7 Ras Al Salmiya
6. Kuwait Fitness Service Future Market Size, 2022 – 2027
7. Kuwait Fitness Service Future Market Segmentation
7.1 By Service Type, 2022 - 2027
7.2 By Subscription, 2022 - 2027
7.3 By Regional Split (Al Asimah, Al Farwaniyah, Al Ahmadi, Hawalli, Jahra and Mubarak Al-Kabeer), 2022 - 2027
8. Analyst Recommendations
9. Research Methodology
10. Disclaimer
11. Contact Us
Research Methodology
Step 1: Identifying Key Variables:
Ecosystem creation for all the major entities and referring to multiple secondary and proprietary databases to perform desk research around market to collate industry level information.
Step 2: Market Building:
Collating statistics fitness service over the years, penetration of offline and online fitness service ratio to compute overall revenue generated. We will also review key drivers, restraints, and opportunities statistics to understand revenue generated which can ensure accuracy behind the data points shared.
Step 3: Validating and Finalizing:
Building market hypothesis and conducting CATIs with industry exerts belonging to different companies to validate statistics and seek operational and financial information from company representatives.
Step 4: Research output:
Our team will approach multiple fitness services providing channels and understand consumer preference and other parameters, which will support us validate statistics derived through bottom to top approach from corporate training providers.
Frequently Asked Questions
01 What is the Study Period of this Market Report?
The Kuwait Fitness Service Market is covered from 2017–2027F in this report, including a forecast for 2022-2027F.
02 What is the Future Growth Rate of the Kuwait Fitness Service Market?
The Kuwait Fitness Service Market is expected to witness a CAGR of ~% over the next years.
03 What are the Key Factors Driving the Kuwait Fitness Service Market?
Growing health and fitness consciousness, increasing obesity, virtual training and lifestyle are likely to fuel the growth in the Kuwait Fitness Service market.
04 Which is the Largest Gender Type Segment within the Kuwait Fitness Service Market?
The male segment held the largest share of the Kuwait Fitness Service Market in 2022.
05 Who are the Key Players in the Kuwait Fitness Service Market?
Al Corniche, Fitness First, Flex fitness, Circuit Plus, Palms Beach Club
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