The Oman fitness services market has grown significantly in the past few years, with a CAGR of nearly 7% from 2012 to 2017. Rapidly growing obesity, coronary heart issues, and a boom within the consciousness about non-public fitness have propelled momentum to the marketplace. For the assessment period, the male and female populace aged 15 to forty-four years has expanded at a price of more than 7% and 3%, respectively. The wide variety of health centers in Oman has improved with the enlargement within the range of organized gyms and boom within the number of female unique health centers. Major contributing elements to the rise in sales had been the addition of incorporated fitness services such as Yoga, Pilates, and Swimming, provided under one roof, demand for non-public education, and others.
Various macroeconomic factors have also contributed to the growth in demand. These include rising total population, overweight population growth, family intake expenditure, and GDP. All these elements have contributed to increasing the marketplace for health services in Oman.
Future Projections
Oman Fitness Services marketplace revenue has been expected to develop at a double-digit CAGR throughout the forecast length (2017-2022E). Growth for this period is anticipated to be supported with the aid of the rising range of overweight population, increasing demand for non-public schooling, increasing geographical presence of central fitness facilities, diversifying services portfolio, and others. An increase in fitness focus could complement the rise in the market. The destiny percentage of the female population inside the Oman fitness service sales is predicted to increase via the stop of 2022E. The scenario is improving for girls because of the changing lifestyle and norms. More ladies’ participation is expected, attributable to growing sicknesses and health issues. Similarly, the boom in call for the range of fitness centers in the organized quarter is likewise predicted to nearly double via 2022E.
Competitive Analysis
The range of health club chains operating within the organized market has been 15, with fifty-three retailers. These offer gymnasium services with supplementary centers and Spas, Saunas, Swimming Pools, Showers, and land ocker facilities, of the essential organized players, encompass Horizon Fitness, Flex Fitness, Jasmine for Her, UFC Gym, Gold’s Gym, Sky Gym, etc.
Market Segmentation
By Market Structure: The prepared zone has contributed significantly to the general Oman Fitness Services marketplace sales. This region consists of two entities, mainly combined gyms and women’s gyms, indulged in imparting all kinds of fitness services,s including Yoga, Pilates, Aerobics, Zumba, and Personal Training. Unorganized centers have also been able to use the opportunities and enter the fitness industry because they decrease club fees and are less difficult to install.
