Vietnam Fitness Club Market is Expected to Reach Over USD 3.5 Billion by the Year Ending 2023


Theo tin Ken Research hay prnewswire.com

GURUGRAM, India, July 15, 2019 /PRNewswire/ —

In future, it is anticipated that the revenue share of organized gym centers will reach to 18.5% by the year ending 2023E.
Penetration rate of fitness services in Vietnam is expected to increase in future and will reach up to 7.7% by the year end 2023E.
Shift in choice of people towards total body endurance exercise from hardcore gym training is acting as major catalyst for growth in Vietnam fitness services market. Major companies such as Citigym, MMA Gym Fitness Centre will be expanding its number of fitness outlets leading to growth in the market.
Entry of New Players in the Market: Growth in Vietnam fitness services market will mainly be facilitated by growing penetration of organised fitness service centres. Number of fitness outlets of existing players such as California Fitness and Yoga Centre, Elite Fitness, Fit24 and others are expected to amplify service quality in the coming years. Moreover, new players are also projected to enter the organised fitness market, leading to growth in the overall industry. Furthermore, additional services offered by organised fitness service market players will enhance the confidence of Vietnam people to achieve better health regime.

Increasing Penetration of Organized Gym Centres: Penetration of organised fitness service centres in the space is also likely to incline at a rapid pace as major organised gyms are focusing towards expanding their services into sub – urban areas as well. It is expected that number of organized fitness gyms will be more than 600 by 2023E, leading to further growth in awareness about health consciousness among the people in the country. Growing demand of group exercises will also lead to contribute unorganised fitness service centres to provide additional services to its customers in future.

Rising Preference for Group Exercise: Shift in choice has been observed among people of Vietnam from hardcore gym training to full body endurance exercise as they are opting for more number of zumba, Pilate’s classes. Demand for Zumba, Pilates, Cross fit, Martial arts is expected to increase significantly over the coming years. Group classes’ exercises are more energetic and result oriented and attracts all age type of people irrespective of their genders.

Analyst at Ken Research in their latest publication “Vietnam Fitness Services Market Outlook to 2023 – By Subscription Period, By Organized and Unorganized, By Revenue Streams (Membership Fee and Personal Trainer Fee)” believed that the demand for fitness service in Vietnam will increase due to rising fitness awareness among people, surge in disposable income, expansion in service portfolios of organised fitness service centres and increasing penetration of organized gyms in sub urban areas.

The market is expected to register a positive CAGR of 19.5% in terms of revenue during the forecast period 2018-2023E.

Key Segments Covered
By Type of Market (Number of Gym Members and Number of Gyms)

Organized Market
Unorganized Market
By Source of Revenue

Membership Fee
Personal Training
By Number of Gyms by Subscription Fee

VND 0-5 Million
VND 5-12 Million
Above VND 12 Million
By Subscription Period

1 Month
3 Month
6 Month
12 Month
Key Target Audience

Organized and Unorganized Fitness Centres
Fitness Equipment Manufacturers
Sports Authority
Private Equity Firm
Fitness Training and Trainers Associations
Time Period Captured in the Report

Historical Period: 2013-2018
Forecast Period: 2019-2023
Major Fitness Centres Covered

California Fitness and Yoga Centre
Elite Fitness
Fit24
AKC Fitness
MMA Gym Fitness Centre
Citigym
Curves
Nutrifort Fitness
Advance Fitness
Yoga Center – VYOGA World 3/2
Star Fitness HCM
Diamond Fitness Center
Times Plus Fitness and Yoga
Body Fit Fitness and Yoga
Platinum Fitness and Kinesis
VShape Fitness & Yoga Center
Swequity Ultimate Fitness
Thanh Hai Gym
N Club
Vital fitness and yoga center
MD Fitness
Lykos Kickfitness Center
N-shape Fitness
KBE Fitness
AE Fitness
Universal Yoga
New Fitness and Yoga
Fitness and Yoga Centre Igym
Olympic Nha Trang Gym & Fitness
CLB gym T&V Fitness
Hanoi Kendo Club
Teekiu Fitness
Body SHAPE Gym
Key Topics Covered in the Report

Vietnam fitness Services Market Genesis & Overview
Vietnam fitness Services Market Ecosystem
Vietnam fitness Services Market Snapshot on Personal Trainer
Vietnam fitness Services Market Size
Vietnam fitness Services Market Segmentation by Market Structure (Organized and Unorganized),
Vietnam Fitness Services Market Segmentation by Subscription Period (1 month, 3 months, 6 months and 1 year),
Vietnam fitness Services Market Segmentation by Revenue Stream (Membership Fee and Personal Trainer Fee)
Vietnam fitness Services Market Segmentation by Subscription Fee (0-5 Million VND, 5-12 Million VND and Above 12 Million VND)
Vietnam fitness Services Market SWOT analysis
Vietnam fitness Services Market Competition Scenario
Vietnam fitness Services Market Company Profiles of Major players
Vietnam fitness Services Market Future & Segmentations
Snapshot on Other Fitness Services Market of Vietnam
Vietnam fitness Services Market Analyst Recommendations
For more information on the market research report, please refer to the below link:

https://www.kenresearch.com/healthcare/general-healthcare/vietnam-fitness-services-market/214916-91.html

Other Related Reports:

Philippines Fitness Service Market Outlook To 2023 – By Revenue Streams (Membership Fee And Personal Training), By Membership Subscription Package (1 Month, 3 Months, 6 Months & 12 Months), By Regions (Luzon, Visayas And Mindanao) And By Gender

The report covers market size by organized and unorganized fitness service providers along with market segmentation by revenue stream (membership subscription and personal training), by market structure (organized and unorganized), by region (Luzon, Visayas and Mindanao), by gender (male and female), and by membership subscription packages (12 months, 6 months, 3 months and 1 month) on the basis of revenue generated, number of fitness gym members and number of fitness centers for the period 2013-2023. The report also covers emerging growth drivers and trends; issues and challenges; customer pain points and decision making parameters; and competitive landscape of players in organized sector with special focus on Anytime Fitness, Pound for Pound, Fitness First, Snap Fitness, UFC Gym, Krav Maga, Gold’s Gym, Bliss Yoga, Beyond Yoga, Kerry Sports Manila, Slimmer’s World, 360 Fitness Club, Curves Fitness and others. The report also explores the Personal Training Market and Yoga Service Market as brief market-snapshots, future outlook & projections along with analyst recommendation & macroeconomic variables highlighting the major opportunities & cautions to the reader. The key target audience includes women fitness service centers, mixed fitness service centers, major fitness equipment manufacturers, investors, fitness managers, fitness club franchisers, personal training certification institutes and standalone yoga centers. This report will particularly help the readers to identify the ongoing trends in the industry and anticipated growth in the future depending upon changing industry dynamics in upcoming years.

UAE Fitness Services Market Outlook To 2022 – By Market Structure (Organized And Unorganized), By Subscription Period (1month, 3months, 6months And 1year), By Region (Dubai, Abu Dhabi, Sharjah And Others), By Revenue Stream (Membership Fee And Personal Trainer Fee)

The report provides a comprehensive analysis of fitness services market genesis and overview, market ecosystem, market structure, market size, and market segmentations by Market Structure (Organized and Unorganized), by Subscription Period (1month, 3 months, 6 months and 1 year), by Region (Dubai, Abu Dhabi, Sharjah and others), by Revenue Stream (Membership Fee and Personal Trainer Fee) and by Personal Trainer Market Structure (Organized and Unorganized). The report profoundly covers major market growth drivers, market trends and challenges, snapshot on personal trainer market, snapshot on other fitness services market, customer profile in fitness services market (by gender and by fitness level), Target profile of personal trainers (by gender, by experience, by major nationality and by annual salary), decision making parameters for a customer to choose fitness center, major pain points faced by customer for a fitness center and SWOT analysis. Competition landscape, competition nature, major competition parameters and company profile of major players (Fitness first, Gold’s Gym, Lifeline Wellness, Target Gym, Fitness 360, Fitness Time, Fitness Terminal) have been given prime importance. The report also covers future market size along with market segmentation and analyst recommendation including where to set up fitness center, which all services should be offered, what better practice should be followed for attracting customers,

Saudi Arabia Fitness Services Market Outlook to 2022 – By Revenue Stream (Gym Membership and Personal Training), by Organized and Unorganized, by Region, Gender and Membership Subscription

The report covers market size by organized and unorganized fitness services providers along with market segmentation by revenue stream (membership subscription and personal training), by market structure (organized and unorganized), by region (Riyadh, Makkah, Madinah, Dammam, and others including Tabuk, Asir, Hail, and Jizan), by gender (male and female), and by membership subscription (12 months, 6 months, 3 months and others including 1 month and 2 months). It also includes market size (by revenue, membership and number of fitness centres), emerging trends and developments, issues and challenges, customer pain points and decision making parameters, investment model, and competitive landscape of players in organized sector including Fitness First, Gold’s Gym, Fitness Time, World Gym, Active Time, Arena MMA Fitness, Bodyline VIP center, Central care, Al Manahil, Al Multaka, Interval Plus CrossFit, NuYu, Curves, Spectrum Wellness for Women, Kore, Lava Fitness, Glow Fit, Kinetico, Fit Zone, Pulse Studio, Studio 55, 9 Round, The Power Gym, Body Masters, Muscles Factory, and Fitness Maker. The report also covers government rules and regulation, future outlook and projections analysis along with analyst recommendation and macroeconomic variables highlighting the major opportunities and cautions.

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)

The report covers market size by organized and unorganized fitness service providers along with market segmentation by revenue stream (membership subscription and personal training), by market structure (organized and unorganized), by region (Muscat, Dhofar, Al Batinah North, Al Batinah South, Ad Dakhiliyah and others), by gender (male and female), and by membership subscription (12 months, 6 months, 3 months and 1 month) on the basis of revenue generated and number of centers. It also includes emerging growth drivers and trends, issues and challenges, customer pain points and decision making parameters, investment model, and competitive landscape of fitness centers chain including Horizon Fitness, Flex Fitness, Jasmine for Her, UFC Gym, Gold’s Gym and others The report also explores the Personal Training market and Yoga Service market as market snapshots, future outlook & projections along with analyst recommendation & macroeconomic variables highlighting the major opportunities & cautions to the reader.

The key target audience includes women fitness service centers, mixed fitness service centers, major fitness equipment manufacturers, investors, personal training certification institutes and standalone yoga centers.

Contact Us:
Ankur Gupta, Head Marketing
Ken Research Private Limited
Ankur@kenresearch.com
+91-9015378249

SOURCE Ken Research




Table of contents

1. Executive Summary

2. Research Methodology

2.1. Market Definitions
2.2. Abbreviations
2.3. Consolidated Research Approach
2.4. Variables (Dependent and Independent)
2.5. Correlation Matrix
2.6. Regression Matrix
2.7. Limitations

3. Ecosystem – Supply Side

4. Overview and Genesis

4.1. Market Overview
4.2. Business Cycle

5. Market Size, (2013-2018)

5.1. By Revenue, Number of Members and Number of Fitness Centers, 2013-2018

6. Market Segmentation

6.1. By Market Structure (Organized and Unorganized) and By Source of Revenue (Membership Fee and Personal Trainer), 2018
6.2. By Number of gyms and gym members (Organized and Unorganized), 2018
6.3. By Subscription fee (0-5 Million VND, 5-12 Million VND and above 12 Million VND), 2018
6.4. By Subscription Period (1 Month, 3 Months, 6 Months and 12 Months), 2018

7. Snapshot on Personal Training Market

7.1. Personal Training Market in Vietnam (CPD, Number of Personal Trainers, Personal Trainer Demand, Freelancing Personal Training)
7.2. Certificate Course for Trainers
7.3. Cross Comparison on Personal Trainer (Number of Personal Trainers, Number of Sessions taken in a day and Fees charged per day in Organized Fitness Centers), 2018

8. Investment Model to set up a Fitness Center in Vietnam

9. Government Regulations

10. Trends and Developments

11. Issues and Challenges

12.1. Decision Making Parameter to Join a Fitness Center in Vietnam
12.2 Major Pain Points Faced by Customers in a Fitness Center

13. Snapshot of Other Fitness Services in Vietnam (Zumba, Pilates, Power Yoga and Martial Arts)

14. SWOT Analysis of Vietnam Fitness Services Market

15. Competitive Landscape in Vietnam Fitness Market

15.1 Competitive Scenario (Market Structure, Major Players, Competition Parameters)
15.2. Market Share of Major Players – By Revenue, 2018
15.3. Market Share of Major Players – By Number of Membership, 2018
15.4. Market Share of Major Players – By Number of Centers, 2018
15.5. Cross Comparison of Major Players (Number Of Centers, Average Member per Center, Total Number Of Members, Annual Fee, Monthly Fee, Number Of Personal Trainer (PT) per Centre, Total Personal Trainers, Cost Of One PT Session, Daily Number of PT Sessions)
15.6. Heat Map of Major Organized Fitness Centers (Yoga, Pilates, Zumba, Aerobics, Body Pump, Body Attack, Kick Boxing, Martial Arts, Spinning, Sauna, Locker Rooms, AB Blaster, Boot Camp, Salsa, Juice Bar, Gym Floor, Weight Area, Group Exercise, Personal Training, Swimming Pool, Members Lounge, Tennis, RPM, SPA/Jacuzzi, Virtual Exercise, Fat Analyzer, Steam Room, Salons and Gym Gears)

16. Company Profile of Major Players (Company Overview, Major Services, Marketing Strategies, Business Strategies, Subscription Fees, Number of Personal Trainers, Number of Members, USP and various other parameters)

16.1. California Fitness and Yoga Center
16.2. Elite Fitness
16.3. Fit24
16.4. AKC Fitness
16.5. MMA Gym Fitness Center
16.6. Citigym
16.7. Curves
16.8. Nutrifort Fitness
16.9. Advance Fitness and Gym
16.10. Yoga Center – Vyoga world 3/2

17. Future Outlook and Projections, (2018-2023E)

17.1. By Revenue, Number of Members and Number of Fitness Centers, 2018-2023E
17.2. By Market Structure (Organized and Unorganized) and By Source of Revenue (Membership Fee and Personal Trainer), 2023E
17.3. By Number of Gyms and Gym Members (Organized and Unorganized), 2023E

18. Snapshot of Vietnam Fitness Equipment

19. Analyst Recommendations – Success Factors

Disclaimer
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