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

Ken Research

GURUGRAM, India, Aug. 29, 2019 /PRNewswire/ --

• The disposable income of the South Africans is witnessed to increase from ZAR 2.9 Million in 2018 to ZAR 4.1 Million in 2023, at a CAGR of 6.9% during the review period 2018 to 2023. This will positively impact the membership subscriptions of the fitness industry in the coming five years in South Africa.
• The boost in the economically active population, falling in the age bracket 15 to 44 years, is anticipated to increase to 18.5 Million by 2023 from 16.5 Million in 2018.
• In future, it is anticipated that the obese population in South Africa will increase at a CAGR of 7.3% during the period 2018-2023E.

Rising Penetration of the Digital Fitness Training: The technological advancements have made it convenient for the clients to maintain themselves updated with the fitness regime which is being followed at their fitness clubs. For Instance, Virgin Active, GO Health Gym, Ritual Gym, Yoga Experience are few of the fitness clubs who have their own App which can be used by the members to track their fitness training, sync cardio screen results, find the clubs using GPS locator, check timetable or schedules and book slots accordingly. This encourages the members and helps in improving the membership retention rates of the fitness gyms. 

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.