Gym and Health Clubs Market by Service and Geography - Forecast and Analysis 2021-2025
- Published: Sep 2021
- Pages: 120
- SKU: IRTNTR44222
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The gym and health clubs market has the potential to grow by USD 101.18 billion during 2021-2025, and the market’s growth momentum will decelerate at a CAGR of 15.39%.
This gym and health clubs market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by service (membership fees, personal training and instruction services, and total admission fee) and geography (North America, APAC, Europe, MEA, and South America). The gym and health clubs market report also offers information on several market vendors, including Bev Francis Powerhouse Gym, ClubCorp USA Inc., Equinox Holdings Inc., Golds Gym International Inc., Metroflex Gym, Original Temple Gym, Planet Fitness Inc., UFC Gym, Virgin Active Ltd., and XSport Fitness among others.
What will the Gym and Health Clubs Market Size be in 2021?
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Gym and Health Clubs Market: Key Drivers and Trends
Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The growing number of baby boomers and millennials joining gyms is notably driving the gym and health clubs market growth, although factors such as the dearth of trained workforce may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the gym and health clubs industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
This gym and health clubs market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Who are the Major Gym and Health Clubs Market Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- Bev Francis Powerhouse Gym
- ClubCorp USA Inc.
- Equinox Holdings Inc.
- Golds Gym International Inc.
- Metroflex Gym
- Original Temple Gym
- Planet Fitness Inc.
- UFC Gym
- Virgin Active Ltd.
- XSport Fitness
This statistical study of the gym and health clubs market encompasses successful business strategies deployed by the key vendors. The gym and health clubs market is fragmented and the vendors are deploying growth strategies such as using digital advertising to create awareness about the products to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The gym and health clubs market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Which are the Key Regions for Gym and Health Clubs Market?
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39% of the market’s growth will originate from North America during the forecast period. The US is the key market for gym and health clubs in North America. Market growth in this region will be faster than the growth of the market in Europe and South America.
The rise in the elderly population joining fitness and recreational sports centers will facilitate the gym and health clubs market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
What are the Revenue-generating Service Segments in the Gym and Health Clubs Market?
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The gym and health clubs market share growth by the membership fees segment will be significant during the forecast period. One of the key factors driving the market share of the segment is the provision of low-cost memberships for gyms and health clubs to mass-segment consumers by the vendors. On the other hand, vendors are also offering exclusive membership packages to attract premium consumers, which has significant business opportunities. These factors clubbed with the extensive rise in the demand for health and fitness clubs are contributing to the growing need for membership management solutions, mostly in the cloud-based sector.
This report provides an accurate prediction of the contribution of all the segments to the growth of the gym and health clubs market size and actionable market insights on post COVID-19 impact on each segment.
What are the Key Factors Covered in this Gym and Health Clubs Market Report?
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive gym and health clubs market growth during the next five years
- Precise estimation of the gym and health clubs market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the gym and health clubs industry across North America, APAC, Europe, MEA, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of gym and health clubs market vendors
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Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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Frequently Asked Questions?
- Growing number of baby boomers and millennials joining gyms
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