Industry Analysis & Industry Trends
The Gym, Health and Fitness Clubs industry has benefited from recent marketing campaigns aimed at fighting obesity, as well as consumer trends toward improved health. In the coming years, many baby boomers are expected to sign up for health club memberships, as they grow more health-conscious due to their age. Moreover, consumers are anticipated to increasingly substitute large, all-inclusive clubs for low-cost memberships, propelling industry revenue upward... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Gym, Health and Fitness Clubs industry is in the growth life cycle stage, because consumers continue to be interested in exercise to boost their fitness and health. During the 10 years to 2021, industry value added (IVA), a measure of an industry's contribution to the overall economy, is expected to grow at an annualized rate of 2.9%. Comparatively, GDP is anticipated to grow an annualized 2.3% over the same period.
Since many consumers were budget conscious, some purchased low-cost gym memberships with fewer amenities, hampering industry profitability and constraining industry revenue growth... purchase to read more