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. Further driving demand for industry services, many health-conscious individuals have incorporated fitness into their daily regimen. Additionally, the number of adults aged 20 to 64, the largest gym-going demographic, has grown, spurring demand for gym memberships over the period. As a result, in the five years to 2016, industry revenue is expected to grow. Over the five years to 2021, 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 during the five-year period... 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. Over 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 2.7%. Comparatively, GDP is anticipated to grow at an annualized rate of 2.1% 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. How.. purchase to read more