Working out: As disposable incomes rise, more individuals will purchase gym memberships

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 over the past five years. Further driving demand for industry services, many health-conscious individuals have incorporated fitness into their daily regimens. Additionally, the number of adults aged 20 to 64, the largest gym-going demographic, has grown, spurring demand for gym memberships during the period. As a result, over the five years to 2018, industry revenue has grown. Over the five years to 2023, many baby boomers are expected to sign up for health club memberships, as they grow more health-conscious due to their age. Consequently, industry revenue is forecast to grow over the next five years...purchase to read more.

Industry Statistics & Market Size
Revenue
$34bn
Annual Growth 13-18
2.8%
Forecast Growth 18-23
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Profit
x.x%lock
Employment
808,664
Businesses
112,539
Market Share of Companies

Industry Threats & Opportunities

  • Many health-conscious individuals have incorporated fitness into their daily regimen
  • Demographic trends have helped shape the industry’s landscape over the past five years
  • Profit will remain high as many gyms offer more high-margin services

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    Industry Report - Industry Key Buyers Chapter

    The Gym, Health and Fitness Clubs industry exhibits a low level of market share concentration, with the top four operators in the industry comprising 20.0% of total revenue in 2018. The industry's low level of market concentration can be attributed to high fragmentation, due to many industry operators having a market niche with local clientele.The larger players in this industry have numerous locations throughout the United States, while small players are generally independently owned and operate in one or two states. However, over the past five years, the proportion of businesses that employ 20 people or more has increased, indicating that concentration is rising. The...purchase to read more.

    Additional Insights for the Gym, Health & Fitness Clubs Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Gym, Health & Fitness Clubs Industry are

  • Easy access for clients
  • Effective product promotion
  • Economies of scale

    • IBISWorld analysts also discuss how external factors such as Participation in sports and Time spent on leisure and sports in the Gym, Health & Fitness Clubs industry impact industry performance..

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    What's in this report

    Industry Products

    What is the Gym, Health & Fitness Clubs Industry?

    This industry operates fitness and recreational sports facilities that feature exercise and other active physical fitness conditioning or recreational sports activities, such as swimming, skating or racquet sports. Operators are also involved in facilities management and fitness instruction.

    Industry Products
  • Membership fees
  • Personal training services
  • Guest admission
  • Meals and beverages
  • Merchandise sales
  • Spa services
    • Industry Activities
  • Operating aerobic dance and exercise centers
  • Operating athletic club facilities for physical fitness
  • Operating bodybuilding studios for physical fitness
  • Operating fitness centers, health clubs and gyms
  • Operating recreational sports club facilities
  • Operating ice or roller skating rinks
  • Operating spas
  • Operating squash, racquetball or tennis clubs
  • Operating swimming pools
    • Table of Contents

    About this Industry

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources

    Industry at a Glance

    Industry Statistics Snapshot
    Industry Structure
    Executive Summary

    Industry Performance

    Executive Summary
    Key External Drivers
  • Participation in sports
  • Time spent on leisure and sports
  • Per capita disposable income
  • Number of adults aged 20 to 64
  • Yield on 10-year Treasury note

    • Current Performance
  • Industry landscape
  • Fitness trends
  • Chart: Revenue Growth

    • Industry Outlook
  • New demographics
  • Industry landscape
  • Table: Gym, Health & Fitness Clubs Industry Revenue Outlook

    • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Gym, Health & Fitness Clubs Industry Lifecycle vs The Economy

    • Products & Markets

    Supply Chains
    Key Buying Industries
  • Consumers

    • Key Selling Industries
  • Athletic & Sporting Goods Manufacturing
  • Gym & Exercise Equipment Manufacturing
  • Heating & Air-Conditioning Contractors
  • Plumbers
  • Steam & Air-Conditioning Supply

    • Products & Services
  • Membership fees
  • Personal training services
  • Other
  • Meals and beverages
  • Guest admission
  • Merchandise sales
  • Spa services
  • Chart: Gym, Health & Fitness Clubs Industry Products and Services Segmentation

    • Demand Determinants
    Major Markets
  • Consumers aged 18 to 35
  • Consumers aged 35 to 50
  • Consumers aged 50 and older
  • Consumers aged 18 and younger
  • Chart: Major Market Segmentation for the Gym, Health & Fitness Clubs Industry

    • International Trade
    Business Locations
    Chart: Business Locations by State

    Competitive Landscape

    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Rent and utilities
  • Depreciation and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Gym, Health & Fitness Clubs

    • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Gym, Health & Fitness Clubs Industry

    • Industry Globalization

    Major Companies

    Fitness International LLC,
  • Table: Fitness International LLC - financial performance

    • Operating Conditions

    Capital Intensity
  • Chart: Level of Capital Intensity for the Gym, Health & Fitness Clubs Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

    • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

    • Regulation & Policy
    Industry Assistance

    Key Statistics

    Table: Industry Data for the Gym, Health & Fitness Clubs Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Healthy eating index (2009-2023)

    • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios

    Jargon & Glossary

    Baby Boomer
  • A person born between 1946 and 1964 accounting for a major proportion of the population.
    • Cardiovascular Equipment
  • Equipment used for aerobic exercise, meant to be used at light to medium intensity for a long period of time, e.g. treadmills, elliptical trainers and stationary bikes.
    • Pilates
  • A physical fitness system developed in the early 20th century by Joseph Pilates with a focus on the strength and endurance of core muscle groups.
    • Retention Rate
  • A rate comparing the number of new gym memberships to canceled gym memberships.
    • What Our Customers Say
    Why buy this report?

    IBISWorld’s Industry Market Report on Gym, Health & Fitness Clubs is a comprehensive guide to market size and growth prospects. Ensure due diligence in your research with our strategic analysis of the factors influencing companies, including new product developments; economic, lifestyle and demographic influences; distribution and supply chain factors; and pricing issues.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Gym, Health & Fitness Clubs:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Gym, Health & Fitness Clubs market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Gym, Health & Fitness Clubs, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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