Building muscle: Rising per capita disposable income and health conciousness will boost industry revenue

Over the five years to 2017, revenue for the Gym, Health and Fitness Clubs industry in Illinois is expected to grow as more consumers value fitness as a means to bolster their overall health. Some gym, health and fitness clubs have appealed to consumers on the basis of convenience by offering low-cost memberships with full operational hours. Comparatively, niche studios have appealed to consumers by offering classes within a community setting. Overall, memberships offered on a monthly basis with low cancellation fees have fared well over the five-year period; these low-commitment options attract on-the-fence consumers, and increase revenue from members who would otherwise evade industry establishments...read more.

Industry Statistics & Market Size
Revenue
$1bn
Annual Growth 12-17
0.8%
Forecast Growth 17-22
Profit
Employment
32,198
Businesses
1,357
What Our Customers Say

Industry Threats & Opportunities

  • Demand has grown as more consumers value fitness as beneficial to their overall health
  • Despite the rise in health-consciousness, the industry has contended with consumer time constraints
  • Initiatives that shed light on the health benefits of exercise will likely proliferate, stimulating revenue
  • Industry Report - Industry Investment Chapter

    The Gym, Health and Fitness Clubs industry is moderately capital intensive. In 2017, for every dollar spent on wages, the industry incurs an estimated $0.20 in capital costs. Wages are expected to account for 34.3% of total industry revenue. Capital costs are moderate for the industry and includes the cost of fitness equipment, buildings, vehicles, furniture and computers. Nevertheless, labor costs remain relatively significant because of administration, training, supervision and maintenance requirements. Gyms and fitness centers seek to minimize their labor costs by employing a part-time labor force and employing instructors and personal trainers on an as-needed basis...purchase to read more.

    Additional Insights for the Gym, Health & Fitness Clubs in Illinois Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Gym, Health & Fitness Clubs in Illinois 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 Per Capita Disposable Income in Illinois in the Gym, Health & Fitness Clubs in Illinois industry impact industry performance..

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    What is the Gym, Health & Fitness Clubs in Illinois 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
  • Personal trainers
  • 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
  • Similar Industries
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  • Hotels & Motels
  • Weight Loss Services
  • Tanning Salons
  • Golf Courses & Country Clubs in California
  • Gym, Health & Fitness Clubs in California
  • Golf Courses & Country Clubs in New York
  • Gym, Health & Fitness Clubs in New York
  • Golf Courses & Country Clubs in Illinois
  • Golf Courses & Country Clubs in Texas
  • Gym, Health & Fitness Clubs in Texas
  • Golf Courses & Country Clubs in Florida
  • Gym, Health & Fitness Clubs in Florida
  • Golf Courses & Country Clubs in Massachusetts
  • Gym, Health & Fitness Clubs in Massachusetts
  • Golf Courses & Country Clubs in Ohio
  • Gym, Health & Fitness Clubs in Ohio
  • Golf Courses & Country Clubs in Pennsylvania
  • Gym, Health & Fitness Clubs in Pennsylvania
  • Golf Courses & Country Clubs in New Jersey
  • Gym, Health & Fitness Clubs in New Jersey
  • Golf Courses & Country Clubs in Georgia
  • Golf Courses & Country Clubs in Michigan
  • Gym, Health & Fitness Clubs in Michigan
  • Golf Courses & Country Clubs in Wisconsin
  • Gym, Health & Fitness Clubs in Wisconsin
  • Golf Courses & Country Clubs in Washington
  • Gym, Health & Fitness Clubs in Washington
  • Golf Courses & Country Clubs in Virginia
  • Gym, Health & Fitness Clubs in Virginia
  • Golf Courses & Country Clubs in Tennessee
  • Gym, Health & Fitness Clubs in Tennessee
  • Gym, Health & Fitness Clubs in Missouri
  • Golf Courses & Country Clubs in North Carolina
  • Gym, Health & Fitness Clubs in North Carolina
  • Golf Courses & Country Clubs in Minnesota
  • Gym, Health & Fitness Clubs in Minnesota
  • Golf Courses & Country Clubs in Maryland
  • Gym, Health & Fitness Clubs in Maryland
  • Golf Courses & Country Clubs in Colorado
  • Gym, Health & Fitness Clubs in Colorado
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Participation in sports
  • Per Capita Disposable Income in Illinois
  • Time spent on leisure and sports
  • Access to Credit in Illinois
  • Number of adults aged 20 to 64 in Illinois

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

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

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

  • 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
  • Personal trainers
  • Meals and beverages
  • Other
  • Merchandise Sales
  • Spa services
  • Guest admission
  • Chart: Gym, Health & Fitness Clubs in Illinois Industry Products and Services Segmentation

  • Major Markets
  • Consumers age 35 to 50
  • Consumers age 18 to 35
  • Consumers over 50
  • Consumers under 18
  • Chart: Major Market Segmentation for the Gym, Health & Fitness Clubs in Illinois Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchasesRent and utilitiesDepreciation and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Gym, Health & Fitness Clubs in Illinois

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Gym, Health & Fitness Clubs in Illinois Industry

  • Fitness International LLCLife Time Fitness Inc.Chicago Athletic ClubsEquinox FitnessFitness Formula ClubsGold's Gym International Inc.
  • Table: Fitness International LLC - financial performance
  • Table: Life Time Fitness Inc. - financial performance
  • Table: Chicago Athletic Clubs - financial performance
  • Table: Equinox Fitness - financial performance
  • Table: Fitness Formula Clubs - financial performance
  • Table: Gold's Gym International Inc. - financial performance

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

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

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Gym, Health & Fitness Clubs in Illinois Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Per Capita Disposable Income in Illinois (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    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.
  • Why buy this report?

    The Gym, Health & Fitness Clubs in Illinois Industry Research Report measures market size, analyses current and future trends, and provides an indication of market share for the industry’s largest companies. IBISWorld’s collection of industry market research reports gives you insightful, up-to-date information on the supply chains, economic drivers, and key buyers and markets for hundreds of industries.

    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 in Illinois:
    • 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 in Illinois 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 in Illinois, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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