GURUGRAM, India, November 21, 2018
GURUGRAM, India, November 21, 2018 /PRNewswire/ --
Growth in Oman Fitness Services market will be facilitated by the rising number of obese population, increasing demand for personal training, expanding geographical presence of major fitness centers, diversifying services portfolio and others. Increase in health awareness and lifestyle changes would supplement growth in the market. Many new services and new technologies are expected to be launched in the forecast period having a positive impact on demand for fitness services. The future share of female population in the Oman fitness service revenue is expected to increase substantially at a double digit CAGR. The scenario is improving for females because of the changing mindset and improving socio economic norms. More female participation is expected owing to rising lifestyle diseases and health concerns amongst women.
Similarly, due to increasing number of organized centers, expansion of existing centers and entry of more number of international players in the market, the share of organized sector fitness centers in terms of total number of fitness centers will almost double by 2022E. Number of fitness services centers in unorganized sector, on the other hand, is expected to increase by more than 20% from 2017 to 2022E. The household consumption expenditure is expected to increase at a CAGR of more than 4% while population will grow at a CAGR of more than 5% during the next 5 years. The various market growth catalysts considered are entry of foreign players, increased focus towards services diversification, exploring various untapped regions, focus towards marketing and entry of more foreign players with already established brand image.
Ken Research in its latest study, The report titled, "Oman Fitness Services Market Outlook to 2022 - By Gym Membership and Personal Training, by Region (Al Batinah North, Al Batinah South, Ad Dakhiliyah, Dhofar and Muscat), by Gender and by Membership Subscription (Annual, 6 months, 3 months, 1 month)", suggests that the demand for fitness services would continue to grow owing to imbalanced work life, increasing diseases such as heart problems, diabetes, and asthma among the population, boost in personal training requirement and expansion of fitness services centres, in both organized and unorganized sector.
For more information on the research report, refer to below link:
Key Segments Covered
Key Target Audience
Oman Organized Fitness Services Providers:
Oman Unorganized Fitness Services Providers:
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Ankur Gupta, Head Marketing