Global Fitness and Health Clubs Market
Global Fitness and Health Clubs Market Size study, by Service Type (Member Ship Fees, Total Admission Fees, Personnel Training and Instruction Services And Others) and Regional Forecasts 2018-2025
Global fitness & health clubs market is valued approximately at USD 85.20 billion in 2017 and is anticipated to grow with a healthy growth rate of more than 2.7 % over the forecast period 2018-2025. Rising awareness among people to avail a healthy lifestyle, an increasing number of lifestyle-oriented diseases and rising incidences of obesity are the primary driving factors for the global fitness industry. With increasing healthcare costs and increasing health consciousness, people across the globe are encouraged to follow healthy and active living. Out of various ways of staying healthy and fit, joining a fitness club is becoming the most preferable option. Modernization, rising disposable income in developing countries, rising number of fitness clubs and gyms, have propelled the growth of the market significantly. Furthermore, social media influence is another major factor feeding growth in the global fitness industry. Social media basically plays the role of influential marketing for the industry. Furthermore, the number of health clubs and memberships are also increasing at significant growth rates. However, increasing demand for home fitness equipment over the forecast period may serve as a restraint market.
Growing incidences of obesity are one of the key factors driving market growth. According to researchers at Institute for Health Metrics and Evaluation at the University of Washington, In 2015-16, American adults over the age of 20 representing about 39.6% of the total population were obese as compared to 33.7% in 2007-08.
Further, as per the report by the Centers for Disease Control and Prevention, the prevalence of obesity is highest among the age group of 40-59. This age group represents the highest growth of obesity as in 2007-08 about 36.2% of this age group were obese in the United states that increased to 42.8% in 2015-16. Thus, with the growing obesity incidences is highly driving market growth.
The regional paradigm of the global fitness market is dominated by European region. Europe is valued at $ 34.78 billion in 2017 and estimated to rise $36.40 by 2025. Europe has the largest number of health and fitness clubs which is 63638 health clubs in 2017. However, in terms of revenue North America is anticipated to surpass the European market growth. North America fitness market is anticipated to reach USD 36.91 by 2025 growing at 4.08% CAGR during 2018-2025. The region currently has the highest number of fitness club members which is 67969 in 2017 and the region is also anticipated to witness highest 6.26% growth in a number of fitness clubs. The U.S. contributes to almost 90% revenue share in North America. Increasing prevalence of lifestyle-oriented diseases in the region is anticipated to fuel market growth. Increasing demand from countries like India, China, Indonesia, Australia, and Malaysia is fueling notable growth in the Asia Pacific fitness market. Moreover, these countries are anticipated to witness significant attraction from global fitness chains.
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Market player included in this report are:
24 Hour Fitness
Gold s Gym
Life Time Fitness
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Fitness and Health Clubs Market By Service Type
Member ship fees
Total admission fees
Personnel training and instruction services
Fitness and Health Clubs Market By Regions:
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2015, 2016
Base year – 2017
Forecast period – 2018 to 2025
Target Audience of the Global Fitness & Health Clubs Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers VARs
Third-party knowledge providers
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