Vietnam Fitness Services Market Size, Share & Trend Analysis- By Type of Market, By Source of Revenue, By Subscription Fee, By Subscription Period, Regional Outlook, Competitive Tactics, and Segment Forecast to 2031

The Vietnam Fitness Services Market size was estimated to hit around USD 3.78 billion by 2030 and is poised to grow at a compound annual growth rate (CAGR) of 19.08% from 2022 to 2030.

Vietnam Fitness Services Market: Breakup by Region, 2022 & 2031

Source: Primary Research and Secondary Research Analysis

Since people have become more conscious of the value of fitness and health, the market for fitness services in Vietnam has grown significantly. The market offers a wide range of services, including sales of fitness equipment, personal training, group exercise programmes, and gym memberships. Some of the main factors driving the market growth are increased disposable incomes, greater health consciousness among the populace, and the expansion of the middle class.

The fitness services market in Vietnam is dominated by gym memberships, which hold around 55% of the overall market share. Due to the rising number of gyms and fitness facilities around the nation as well as the accessibility of reasonably priced memberships, this market is expanding.

As more people are willing to spend money on specialised training programmes to attain their fitness goals, personal training and group fitness classes are expanding market segments. Sales of fitness equipment are also increasing as consumers want to work out at home in the wake of the COVID-19 outbreak.

There are several noteworthy trends in the Vietnam fitness service market. Firstly, there is a growing interest in fitness technology, with an increasing number of individuals using fitness apps, wearable fitness trackers, and other digital tools to monitor their progress and receive personalized training plans. Secondly, there is a rise in popularity of boutique fitness studios that offer specialized classes like yoga, Pilates, and HIIT workouts, despite traditional gyms and fitness centers still dominating the market. Thirdly, there is a heightened focus on overall health and wellness, resulting in a growing demand for fitness services that include nutrition coaching, mindfulness training, and stress management. Fourthly, the COVID-19 pandemic has accelerated the adoption of virtual and at-home fitness solutions, including online fitness classes and sales of fitness equipment for home use. Finally, businesses are investing in corporate wellness programs to promote health and wellness among their employees, which includes providing fitness services like gym memberships, onsite fitness classes, and wellness coaching.

California Fitness and Yoga, Elite Fitness, Fitness First, Yoga Plus, and others are some of the major participants in the Vietnamese fitness services sector. Several players are developing new fitness programmes and technology, as well as focusing on new consumer segments, to broaden their product offers.

Overall, it is anticipated that Vietnam's market for fitness services would keep expanding due to rising middle class levels and public awareness of health issues.

 

Market Segmentation:

Market Breakup: By Type of Market

  • Organized Market
  • Unorganized Market

Market Breakup: By Source of Revenue

  • Membership Fee
  • Personal Training

Market Breakup: By Subscription Fee

  • VND 0-5 Million
  • VND 5-12 Million
  • Above VND 12 Million

Market Breakup: By Subscription Period

  • 1 Month
  • 3 Month
  • 6 Month
  • 12 Month

Regional Analysis

The Vietnam fitness service market can be analysed regionally, as there are some regional differences in the demand for fitness services.

Ho Chi Minh City: With a huge number of gyms and fitness facilities, Ho Chi Minh City—the largest city in Vietnam—has a sizable market for fitness services. The city is an ideal location for specialised fitness services like boutique studios and personal training because of its younger population, better finances, and more health-conscious way of life.

Hanoi: Hanoi is the second-largest city in Vietnam, and the need for fitness services there is rising. There are many students in the city, which makes it a desirable market for low-cost gym memberships and group exercise programmes. Also, there is a growing need for fitness technology, as more people in Hanoi are utilising wearable fitness trackers and fitness applications which affect demand and growth.

Danang: Danang is a well-liked vacation spot with a developing market for fitness services. Due to its beachside setting, the city is a great place to engage in outdoor physical activities like cycling and running. Tourists have a need for upscale fitness facilities, such as wellness resorts and top-notch gyms.

Other areas: Although Ho Chi Minh City, Hanoi, and Danang are the biggest markets in Vietnam for fitness services, there is a rising need for these services in other areas as well. People in more remote locations can now more easily obtain fitness services because to the growing popularity of fitness technology and virtual fitness services.

Overall, the Vietnam fitness service market is growing across all regions, driven by an increasing awareness of the importance of fitness and a more health-conscious lifestyle.

 Market Breakup By Region

  • Ho Chi Minh City
  • Hanoi
  • Danang
  • Others

Competitive Landscape

The Vietnam Fitness Services Market competitive landscape provides details by competitor. Details included are company outline, company financials, revenue generated, market potential, investment in research and development, new market initiatives, worldwide occurrence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The overhead data points providing are only related to the businesses’ focus related to Vietnam Fitness Services marketplace.

Major players operating in the Vietnam Fitness Services Market are:

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

Vietnam Fitness Services Market Research Report, 2020-2031

Table of Contents

  1. 1. Introduction
    1. Report description
    2. Key market segments
    3. Regional Scope
    4. Executive Summary
  2. 2. Research Methodology
    1. Secondary Research
    2. Primary Research
    3. Secondary Analyst Tools and Models
  3. 3. Market Dynamics
    1. Market driver analysis
    2. Market restraint analysis
    3. Market Opportunity    
    4. Market Challenges
    5. Impact analysis of COVID-19 on the Vietnam Fitness Services Market
  4. 4. Market Variables and Outlook
    1. SWOT Analysis
      1. Strengths
      2. Weaknesses
      3. Opportunities
      4. Threats
    2. Supply Chain Analysis
    3. PESTEL Analysis
      1. Political Landscape
      2. Economic Landscape
      3. Social Landscape
      4. Technological Landscape
      5. Environmental Landscape
      6. Legal Landscape
    4. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitute
      4. Threat of New Entrant
      5. Competitive Rivalry
  5. 5. Vietnam Fitness Services Market: Types of Market Estimates & Trend Analysis
    1. Vietnam Fitness Services Market value share and forecast, (2020 to 2031)
    2. Incremental Growth Analysis and Infographic Presentation
    3. Organized Market
      1. Market Size & Forecast, 2020-2031
    4. Unorganized Market
      1. Market Size & Forecast, 2020-2031

 

  1. 6. Vietnam Fitness Services Market: Subscription Fee Estimates & Trend Analysis
    1. Vietnam Fitness Services Market value share and forecast, (2020 to 2031)
    2. Incremental Growth Analysis and Infographic Presentation
    3. VND 0-5 Million
      1. Market Size & Forecast, 2020-2031
    4. VND 5-12 Million
      1. Market Size & Forecast, 2020-2031
    5. Above VND 12 Million
      1. Market Size & Forecast, 2020-2031
  2. 7. Vietnam Fitness Services Market: Subscription Period Estimates & Trend Analysis
    1. Vietnam Fitness Services Market value share and forecast, (2020 to 2031)
    2. Incremental Growth Analysis and Infographic Presentation
    3. 1 Month
      1. Market Size & Forecast, 2020-2031
    4. 3 Month
      1. Market Size & Forecast, 2020-2031
    5. 6 Month
      1. Market Size & Forecast, 2020-2031
    6. 12 Month
      1. Market Size & Forecast, 2020-2031
  3. 8. Vietnam Fitness Services Market: Source of Revenue Estimates & Trend Analysis
    1. Vietnam Fitness Services Market value share and forecast, (2020 to 2031)
    2. Incremental Growth Analysis and Infographic Presentation
    3. Membership Fee
      1. Market Size & Forecast, 2020-2031
    4. Personal Training
      1. Market Size & Forecast, 2020-2031
  4. 9. Vietnam Fitness Services Market: Regional Estimates & Trend Analysis
    1. Vietnam Fitness Services Market value share and forecast, (2020 to 2031)
    2. Incremental Growth Analysis and Infographic Presentation
    3. Ho Chi Minh City
      1. Market Size & Forecast, 2020-2031
    4. Hanoi
      1. Market Size & Forecast, 2020-2031
    5. Danang
      1. Market Size & Forecast, 2020-2031
    6. Others
      1. Market Size & Forecast, 2020-2031
  5. 10. Competitive Landscape
    1. Company Market Share Analysis
    2. Vendor Landscape
    3. Competition Dashboard
  6. 11. Company Profiles
    1. Business Overview, Product Landscape, Financial Performanceand Company Strategies for below companies
    2. Advance Fitness Advance Fitness
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    3. AE Fitness
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    4. AKC Fitness
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    5. Body Fit Fitness and Yoga
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    6. Body SHAPE Gym
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    7. California Fitness and Yoga Centre
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    8. Citigym
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    9. CLB gym T&V Fitness
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    10. Curves
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    11. Diamond Fitness Center
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    12. Elite Fitness
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    13. Fit24
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    14. Fitness and Yoga Centre Gym
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    15. Hanoi Kendo Club
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    16. KBE Fitness
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    17. Lykos Kickfitness Center
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    18. MD Fitness
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    19. MMA Gym Fitness Centre
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    20. N Club
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    21. New Fitness and Yoga
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    22. N-shape Fitness
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    23. Nutrifort Fitness
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    24. Olympic Nha Trang Gym & Fitness
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    25. Platinum Fitness and Kinesis
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    26. Star Fitness HCM
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    27. Swequity Ultimate Fitness
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    28. Teekiu Fitness
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    29. Thanh Hai Gym
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    30. Times Plus Fitness and Yoga
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    31. Universal Yoga
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    32. Vital fitness and yoga center
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    33. VShape Fitness & Yoga Center
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    34. Yoga Center – VYOGA World 3/2
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
  7. 12. Conclusion

On Request



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