Future Outlook of Egypt Fitness Equipment Market, 2021-2026E: Ken Research

Fitness equipment market is expected to expand at a five-year CAGR of ~XX% in between 2021 and 2026 on the basis of revenue generated. It is anticipated that fitness equipment industry will grow at a substantial rate owing to factors such as the rising health concerns among population suffering from non-communicable diseases namely, obesity and chronic diseases due to unhealthy lifestyle, establishment of organized fitness centers with diversified services along with various government initiatives such as "100 Million Heath" and "Your Bike, Your Health campaign" to encourage people to regularly engage themselves in physical and fitness activities. Coupled with that, determinants such as launch and expansion of nearly 50 hotel and resort project such as Marriott, Accor and Hilton by the end of 2030 as envisaged, will also contribute in the increased demand of fitness equipment at these facilities. The market is poised to gain significant traction with the rise in the number of women centric health clubs and fitness centers incorporating advanced equipment catering to the changing health patterns and consumer demands. On the other hand, high set up or installation cost of devices or equipment and rising demand for resale of used fitness equipment for saving cost are estimated to obstruct the market's growth within the above-mentioned forecast period.

Research Methodology

Market Definitions and Assumptions:

Egypt Fitness Equipment Market: Fitness equipment market is defined as the revenue generated through sales of all types of mechanical and non-mechanical devices and apparatus used during physical activity, which directly or indirectly enhance the strength, conditioning and accessibility of the user. Fitness equipment can be classified into two broad categories: Cardiovascular Equipment and Strength Training Equipment. Fitness consumables such as accessories (belts, gloves), resistance bands, steppers, etc have not been included as a part of the market.
Strength training equipment: is defined as the set of mechanized and non-mechanized devices used to enhance physical strength and build muscles. Some examples are - dumbbells, kettlebells, barbells, weight plates, benches and body part specific weight training machines.
Fitness centers and Health Clubs are defined as commercials establishments, which house fitness equipment for physical activities. Private Fitness Centers and Health Clubs are used for personal purposes or for the internal use by residents of housing complexes. Commercial Fitness Centers and Health Clubs offer paid services on a pay-per-use or paid subscription basis.
Fitness equipment distributors: are defined as business that procure products directly from manufacturers in the same geography and sell them directly to end users via retail outlet or to other retailer.
Importers on the other hand are businesses, which procure products from manufacturers or suppliers in other geographies for the purpose of wholesale or retail distribution.

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Establishments: Number of Establishments are inclusive of all Commercial Gym Centers(Exclusive Gym Centers, Popular and local Gyms), Hotel Gyms, Gyms in Compounds and Residential Townships and Universities present in Egypt.
Commercial A Gym Centers are Exclusive/ Boutique Gyms providing Unique Class Concepts, Personal Customised Training and more individual attention to the clients.
Commercial B Gym Centers are Popular Fitness Centers having Branches at Multiple Locations all Over Egypt. They have generally Huge target Audience and Provide Multiple Fitness training with Class Schedules.
Commercial C Gyms are Local Gyms and Fitness Centers that have access to limited Gym Equipments and have 1-2 branches all over the country.
Hotels includes all the Hotels gyms that provides gym access to outsiders apart from their in-house guest through monthly, quarterly, half yearly and annual memberships.
Compounds and Universities will not generate Revenues as they are maintained by residential communities and university authorities. The gym facility is provided as an additional service to the members and the fees is included in the maintenance charges and college fees.
Market Sizing Approach:

Hypothesis Creation: After analyzing the major industry factors a hypothesis is framed about the market size based on reports from magazines, journals, online articles, government, market association, industry articles and many others. We have used both public and proprietary databases to define the market and collect data points about the same.
Hypothesis Testing: The research team conducted computer assisted telephonic interviews (CATIs) with several industry professionals such as Fitness Equipment Distributors, Commercial Gym Center Procurement Managers, Equipment Manufacturers and Others to collect their insight and industry pattern about Fitness Equipment market.
Future Forecasting Methodology: The outlook of industry estimated was further sanity checked with respect to the interviews conducted with industry veterans, gym managers and C-level executives regarding all the important parameters of the fitness industry.

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Market Assessment:

To derive the revenue of the Fitness Equipment Market in Egypt, our team followed a streamlined approach which has been described below:

Primary interviews across Egypt with Fitness Centres, Hotel Establishment, Real Estate Agents, Universities and other Industry Veterans etc. through CATI Mode. In this method, interviews are carried out by telephone and are guided by a questionnaire displayed on the screen of a computer. The interviewer records answers via the keyboard to correspond with the pre-coded responses displayed on the screen. The advantage of this method is that, there would be high accuracy as participants can clear their queries related to any questions and we can probe them on answers within the interview on a real time basis which would eliminate any chance of incorrect responses or biasness.
We ensure that all the questions have been duly inculcated and the desired outcome is achieved post the completion of the process.
The interview comprised of both subjective as well as objective questions to understand the industry challenges, growth drivers, price points, margins, overall market scenario and other relevant details.
Key Topics Covered in the Report

Socio Demographic and Economic Outlook of Egypt
Overview of Fitness Equipment Market in Egypt
Ecosystem of 'Egypt Fitness Equipment Market'
Value Chain Analysis of Egypt Fitness Equipment Market
Operating Model of Fitness Equipment Distributors in Egypt
Egypt Fitness Equipment Market Size on the basis of Revenue
Egypt Offline Fitness Market Assessment
Egypt Fitness Equipment Market Segmentation (By Type of End User, By Domestic and Imported Manufacturing, and By Type of Customer)
SWOT Analysis
Trends and Developments
Government Initiatives in the Fitness Sector
Economic Impact of Fitness Centers in Egypt (Direct and Indirect)
Impact of COVID-19 on Fitness Industry in Egypt
List of Fitness Equipment Distributors in Egypt (Year of Establishment, Location, Contact, Mail Id, Country of Operation, and Brand Association)
Cross Comparison of Major Fitness Equipment Distributors in Egypt (Year of Establishment, Number of Employees, Countries Served, and Product Portfolio)
Company Profile of Fitness Equipment Distributors in Egypt (Company Overview, Type of Customers, Services Offered, Strengths, Weaknesses, Major Clientele, and Key Partnerships, Future Developments)
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Identifying the Customer Cohorts in Egypt Health and Fitness Market
Customer Decision Making Factors Fitness Centers
Customer Mind-set for Fitness in Egypt
Target Addressable Market and Service Addressable Market in Egypt Health and Fitness Industry
Analyst Recommendations
Industry Speaks

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https://www.kenresearch.com/healthcare/general-healthcare/egypt-fitness-equipment-market-outlook-to-2026/538940-91.html

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