Industry Analysis & Industry Trends
The Personal Trainers industry has enjoyed steady growth over the past five years, fueled by rising demand for weight-loss services and greater interest in customized workout regimes. However, consumers have increasingly preferred inexpensive do-it-yourself exercise methods to industry services. Consequently, industry revenue growth has been subdued in recent years. Rising disposable income over the next five years will enable a greater share of consumers to spend on higher-priced personal training sessions. Moreover, the percentage of Americans who are overweight or obese is expected to increase over the five years to 2021, fostering greater demand for industry services... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Personal Trainers industry is in the mature stage of its industry life cycle. Industry value added, which measures an industry's contribution to the overall economy, is estimated to rise at an annualized rate of 3.2% over the 10 years to 2021. Comparatively, GDP is forecast to increase an annualized 2.1% over the same period of time. Consequently, the industry is maintaining its share of the overall economy, which is a key indicator of an industry in the mature stage of its life cycle.
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