Gym and Health Clubs Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2021-2025

The gym and health clubs market share is expected to increase by USD 101.18 billion from 2020 to 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 gym and health clubs market segmentations 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 During the Forecast Period?

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Gym And Health Clubs Market: Key Drivers, Trends, and Challenges

The growing number of baby boomers and millennials joining gyms is notably driving the gym and health clubs market growth, although factors such as 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 market industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Gym And Health Clubs Market Driver

Growing number of baby boomers and millennials joining gyms is a key driving factor impacting the global gym and health clubs market growth. With an increase in health awareness, people are more inclined toward maintaining physical fitness and having healthy diets. It has led to a rise in membership in gyms and health clubs. Among all the demographics, the growth of membership enrollment among baby boomers has remained the highest in recent years. People above 60 years are more concerned about their health and try to adopt healthier diets and work out at gyms and health clubs for exercise and physical fitness. Gyms are their preferred choice for exercise and fitness activities. Hence, they have witnessed an increase in enrollment in recent years. The working millennials are attractive target consumers for the health industry as they are highly conscious of their health and fitness. Thus, baby boomers and millennials will reinforce the volume growth of the market.

Key Gym And Health Clubs Market Trend

Growing memberships in health and fitness clubs is a key trending factor impacting the global gym and health clubs market growth. The growing focus on health and fitness among people is triggering the growth of health and fitness clubs? brands. These health and fitness clubs are expected to expand during the forecast period. This increase in the number of health and fitness club outlets may directly influence the sales of gyms and health clubs around the world during the forecast period. The increase in health and fitness clubs give more option to the persons willing to do physical exercise, and it results in increased memberships in health and fitness clubs. Health and fitness clubs? memberships have witnessed a steady increase in the last decade.

Key Gym And Health Clubs Market Challenge

Dearth of trained workforce is a key challenging factor negatively impacting the global gym and health clubs market growth. There has been a growing demand for health clubs and gyms across the world, with more people becoming health conscious. In 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. 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 offering 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 hampers the growth of the market.

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.

Parent Market Analysis

Technavio categorizes the global gym and health clubs market as a part of the global leisure facilities market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the gym and health clubs market during the forecast period.

Who are the Major Gym and Health Clubs Market Vendors?

The report analyzes the global leisure facilities market within the overall global hotels, restaurants, and leisure 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 various organic and inorganic growth strategies to compete in the market.

Product Insights and News

• ClubCorp USA Inc. - The company offers golf and country clubs, city clubs, stadium clubs, bigshots golf and others.

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.

Gym and Health Clubs Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the gym and health clubs market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

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. US is the key market for gym and health clubs market in North America. Market growth in this region will be faster than the growth of the market in regions.

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 which 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.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 has brought a dynamic change in the lifestyles of people in North America. The lockdowns imposed to curb the spread of the disease restricted gyms, sports, and outdoor activities. This is negatively impacting gyms and health clubs, as most people cannot participate in such activities. The pandemic is disrupting the market by lowering the purchases of gym and health club memberships. As of August 26, 2021, more than 38.96 million COVID-19 cases were reported in the US, and the number of associated deaths crossed 0.64 million. The total number of COVID-19 cases in Canada and Mexico was 1.47 million and 3.24 million, respectively, as of August 25, 2021.

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. 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, thereby driving the demand of this segment.

Besides the above-mentioned factors, the post COVID-19 impact has brought forth a slowdown in or fast tracked the demand for the service or product. 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.

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What are the Key Data 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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