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The gym and health clubs market size is estimated to grow at a CAGR of 3.91% between 2023 and 2028. The market size is forecast to increase by USD 20.58 billion. The growth of the market depends on several factors such as the growing number of baby boomers and millennials joining gyms, the rise in the number of fitness centers and health clubs and the increasing focus on fitness initiatives by government bodies and corporates.
The report offers extensive research analysis on the gym and health clubs market with a categorization based on Service, including membership fees, personal training and instruction fees, and total admission fees. It further segments the market by Type, encompassing public and private. Additionally, the report provides Geographical segmentation, covering APAC, Europe, North America, Middle East and Africa, and South America. Market size, historical data (2018-2022), and future projections are presented in terms of value (in USD billion) for all the mentioned segments.
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Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The rise in the number of fitness centers and health clubs is notably driving market growth. The increasing prevalence of obesity in the global population is positively impacting the global gym and health clubs market. According to the World Obesity Federation World Obesity Atlas 2022, one billion people worldwide including one in five women and one in seven men will have obesity by 2030. Obesity is known to be a result of changing urban lifestyles. Junk foods and high-calorie intake have increased obesity in these cities. People are relying on gyms to reduce weight and maintain their health. This has led to an increase in the number of gyms in urban areas, which has consequently raised the demand for gym management software.
Moreover, the growing influence of fashion and body-building trends has led to a rise in the number of people visiting gyms. These trends are quickly adopted by young people active on social media platforms such as Facebook and Instagram. Such trends are expected to potentially drive the growth of the global gym and health clubs market during the forecast period.
Growing personalization in the fitness industry is an emerging trend shaping the market growth. Personalization is a prominent trend in the global gym and health clubs market, offering members a more customized fitness experience. This approach recognizes that one-size-fits-all fitness routines may not be effective for everyone and aims to tailor workouts and services to individual needs and goals. One of the key elements of personalization is the development of individualized fitness plans. Gyms and health clubs are increasingly using data and assessments to create tailored workout programs that take into account a member's fitness level, goals, and preferences. These plans may include specific exercises, intensities, and progressions, providing a more targeted and effective path toward achieving desired outcomes.
Furthermore, technology plays a pivotal role in personalization. Many gyms now utilize apps and wearables to track members' fitness data, allowing them to adjust their routines in real time. This data-driven approach enables greater precision in setting goals, measuring progress, and optimizing workouts. Thus, the growing personalization in the fitness industry is expected to drive the growth of the market in focus during the forecast period.
The lack of a trained workforce is a significant challenge hindering market growth. There has been a growing demand for health clubs and gyms across the world, with more people becoming health conscious. In a few developed countries of the Americas and Europe, gyms and health clubs have all the modern fitness equipment and trainers to provide necessary and sequential training to the members. In renowned gyms and healthcare clubs in the UK, Germany, Brazil, and the US, members are provided with personal trainers for fitness training. People join health clubs to get access to the latest exercise equipment and get trained by a good mentor who guides them in using the equipment and offers a module of healthy exercises.
However, health clubs and gyms are facing a scarcity of good trainers and supervisors to monitor and train their members. Due to the unavailability of a high-quality workforce and trainers, the growth in the number of memberships in gyms and health clubs has become stagnant. This can hamper the growth of the market in focus during the forecast period.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Gym and Health Clubs Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Bev Francis Powerhouse Gym - The company offers gym and health clubs with a variety of services like physical training for bodybuilding and equipment training.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The membership fees are estimated to witness significant growth during the forecast period. To appeal to mass-segment consumers and raise consumer demand, some gyms, and health clubs offer low-cost memberships. Many memberships include basic amenities such as free weights and elliptical equipment but require an additional fee for services such as yoga classes and pool access.
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The membership fees were the largest and were valued at USD 84.14 billion in 2018. The increasing need for membership management is a key trend in the market. This feature is being implemented in gym software solutions offered by vendors such as MINDBODY and RhinoFit. Membership management features in gym management software include the tracking of membership information, communication with members, and the planning of events accordingly. Cloud-based gym management software solutions offer cloud-based tools that are designed for the people management needs of gyms and fitness centers. Thus, the growing enrollment in gyms and health clubs will drive the growth of this segment in the market in focus during the forecast period.
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North America is estimated to contribute 40% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. A rise in the elderly population joining fitness and recreational sports centers, coupled with technologically innovative fitness equipment specially designed for elder end-users, will drive the growth of the gym and health clubs market in the region. For instance, SciFit AC5000M Clinical Grade Treadmill is a treadmill specially made for older adults, which provides them with easy-access, heart-rate monitors with a low-starting speed, low-sized platform. A rise in the millennial population joining fitness and recreational sports centers, coupled with technologically innovative fitness equipment specially designed for end-users, will drive the growth of the gym and health clubs market in the region.
Additionally, in the US, the use of smart connected fitness devices, such as wristbands and smartwatches, is high in gyms and health clubs among trainees and personal trainers to evaluate their performance and scope of improvement. The increasing rates of obesity and related diseases have also led people to stay fit and join fitness and recreational sports centers. Therefore such factors are expected to drive the regional market growth during the forecast period.
The gym and health clubs market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
Gym And Health Clubs Market Scope |
|
Report Coverage |
Details |
Page number |
159 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.91% |
Market Growth 2024-2028 |
USD 20.58 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
3.71 |
Regional analysis |
North America, APAC, Europe, Middle East and Africa, and South America |
Performing market contribution |
North America at 40% |
Key countries |
US, China, Japan, UK, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
24 Hour Fitness USA LLC, Bev Francis Powerhouse Gym, Chelsea Piers LP, ClubCorp USA Inc., Crunch LLC, David Lloyd Leisure Ltd., Diverse Retails Pvt. Ltd., Equinox Holdings Inc., Exos Works Inc., Life Time Inc., Metroflex Gym, Planet Fitness Inc., RSG Group GmbH, Scandinavian Fitness, Self Esteem Brands LLC, Temple gym, The Bay Clubs Co. LLC, UFC Gym, Virgin Active Ltd., and XSport Fitness |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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