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 Analysis Chapter
Gym, health and fitness clubs have grown over the past five years, bolstered by public health initiatives that have shed light on the role of exercise in fighting diabetes, obesity and other health ailments. The number of health club memberships has grown over the period, as more individuals have valued fitness as being integral to their health. Furthermore, population growth, particularly among individuals aged 20 to 64, which composes the largest gym-going demographic, has spurred demand for health club memberships.
Over the five years to 2016, revenue is expected to grow at an annualized rate of 2.5% to $30.3 billion, including 3.2% growth in 2016 alone, driven by rising gym membership among the increasingly active baby boomer population... purchase to read more