South Africa Fitness Services Industry Revenue is Expected to Reach Over USD 580 Million by the Year Ending 2023: Ken Research

Boost in the Number of Fitness Centers in the Untapped Regions: In future, the provinces such as Gauteng, KwaZulu-Natal and Western Cape have a huge scope in terms of expansion of the fitness centers in the country. Gauteng is a commercial hub in the country. Western Cape and KwaZulu-Natal are tourist destinations due to which the population of the expatriates is expected to increase in these provinces. Membership penetration is expected to rise in the fitness market in South Africa by the year ending 2023.

Boost in the Number of Fitness Centers in the Untapped Regions: In future, the provinces such as Gauteng, KwaZulu-Natal and Western Cape have a huge scope in terms of expansion of the fitness centers in the country. Gauteng is a commercial hub in the country. Western Cape and KwaZulu-Natal are tourist destinations due to which the population of the expatriates is expected to increase in these provinces. Membership penetration is expected to rise in the fitness market in South Africa by the year ending 2023.

Increasing Focus towards Female Centric Fitness Centers: The increasing focus towards establishing women specific fitness centers will pose a positive impact on female penetration in the fitness industry in South Africa. The female population participating in the fitness gyms in South Africa is expected to register a positive single digit CAGR during the review period 2018 to 2023.

Analysts at Ken Research in their latest publication "South Africa Fitness Service Market Outlook to 2023 – By Market Structure (Organized and Unorganized), By Revenue Streams (Membership Fee and Personal Training), by Membership Subscription Package (1 Month, 3 Months, 6 Months & 12 Months), by Provinces and by Gender" believe that the demand for fitness service in South Africa will increase due to rising fitness awareness among people, surge in disposable income, and increasing penetration of organized gyms in sub urban areas. 

The market is expected to register positive CAGR of 5.1% in terms of revenue during the forecasted period 2018-2023E.

Key Segments Covered

Time Period Captured in the Report:

Major Fitness Centres Covered:

Key Topics Covered in the Report

For more information on the market research report, please refer to the below link:

https://www.kenresearch.com/healthcare/general-healthcare/south-africa-fitness-service-market-outlook/234838-91.html

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