Industry Analysis & Industry Trends
As per capita disposable income declined during the five-year period, consumers became more budget conscious, which stimulated demand for low-cost gym memberships with few amenities. Moreover, because of rising competition from industry players that cater to a market niche of local consumers, operators lowered pricing and offered membership on a monthly basis, contracting revenue. However, in the five years to 2019, the industry will benefit from an increase in per capita disposable income and government initiatives to fight obesity and improve health... purchase to read more
Industry Report - Industry Analysis Chapter
Gym, health and fitness clubs have grown over the past five years, bolstered by public health initiatives that have shed light on fitness' role in fighting diabetes, obesity and other health ailments. This trend is evidenced by the number of health club memberships growing over the period, as more individuals have valued fitness as an integral component in their health regimen. Furthermore, population growth, particularly among individuals aged 20 to 64, which comprises the largest gym-going demographic, has spurred demand for health club memberships.
Over the five years to 2014, revenue is anticipated to grow at an annualized rate of 2.3% to $26.5 billion, including 2.4% revenue growth in 2014, driven by the increasingly active baby boomer population purchasing gym memberships... purchase to read more