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Vietnam Fitness Services Market will be driven by Increasing Number of Organized Fitness Centres and Rise in Personal Disposable Income: Ken Research

Vietnam Fitness Services Market
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Rise in the number of additional services, growing health consciousness among people under the age bracket (15-64) has driven the Fitness Services Market in Vietnam.

The report titled “Vietnam Fitness Services Market Outlook to 2023 – By Subscription Period, By Organized and Unorganized, By Revenue Streams (Membership Fee and Personal Trainer Fee) by Ken Research suggested that the Fitness Services market in Vietnam has been increasing 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.

Rising Obesity Rate: In Vietnam, it has been witnessed that the obesity rate has increased over the past five years. The obesity rate has grown at a CAGR of 8.4% during the period 2013-2018. Moreover, in future it is anticipated that obesity will reach 3.6% by the year ending 2023E. However, to cater the obesity problem in the country, Fitness centres such as Calikids, AKC Fitness, Nutrifort Fitness and several others has started helping children to lead a healthy life by providing them fitness training.

Dominance of Unorganized Gym Centres: One of the major reasons behind surging growth of the unorganised fitness centres is the low membership fees and easy accessibility of fitness centres from a customer’s house as they are majorly present in the housing locality only. People which are still looking forward to built their body into a muscular one usually focus towards unorganised fitness centres as these centres generally provides hardcore gym training to its customers.

Rising Popularity of Artificial Mountain Climbing: In Vietnam, majorly in Ho Chi Minh City artificial climbing is very popular among people. Artificial mountains are designed with rugged and steep slopes making it a complex and exciting exercise. Kick boxing is also a current trend among young people. Various organized fitness centres such as California Fitness and Yoga Center, Fit24, Citigym and others are offering kick fit as a service.

Vietnam Fitness Services Market

Surge in Demand of Group Exercise: Increase in group exercise such as Zumba, Pilates, cross fit, Martial Arts, Power Yoga is also contributing to the growth of the fitness service market as in future majority of the new fitness centres will be looking forward to offer these services at lower rates to capture majority of the customers into their fitness centres. Currently these group exercises has been majorly offered in organised fitness centres only but in future it has been expected various new unorganised fitness centres will also provide facility of group exercise to their customers to remain into the competition of the market.

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

Keywords:-

Vietnam Fitness Services Market

Fitness Services Industry Vietnam

Vietnam Fitness Club Market

Vietnam Yoga Market Revenue

Vietnam Gym Industry Size

Number of Gyms in Vietnam

Vietnam Fitness Services Sales

Fit24 Fitness Services Market

Curves Fitness Services Market

AE Fitness Services Market

Vietnam Fitness Services Market Scope

Vietnam Yoga Industry Analysis

Vietnam Private Equity Firms

For more information, refer to below link:-

Vietnam Fitness Services Market

Related Reports:-

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)

India Fitness Services And Equipment Industry Outlook To 2019 – Increasing Obesity And Disposable Income To Spur Future Growth

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

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
[email protected]
+91-9015378249

The post Vietnam Fitness Services Market will be driven by Increasing Number of Organized Fitness Centres and Rise in Personal Disposable Income: Ken Research appeared first on Ken Research.



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