Health and Fitness Club Market
Growth Factors of Health and Fitness Club Market
The health and fitness club market size were valued at USD 104.05 billion in 2022, and the market is now projected to grow from USD 112.17 billion in 2023 to USD 202.78 billion by 2030, exhibiting a CAGR of 8.83% during the forecast period of 2023-2030.
The COVID-19 pandemic had a significant effect on the global health and fitness club market because many overtraining centers shut down in response to lockdown measures or people’s concern with infection risks. The facilities reported that the U.S health club industry was down USD 20.4 billion in yearly revenues in 2020, and 27 percent of the health clubs and gyms had to shut down.
There is a trend toward higher per capita spending on well-being caused by growing obesity, diabetes, cardiovascular diseases, and high blood pressure in the global population. Thirdly more disposable income being available is driving the growth of the health and wellness club industry. For instance, according to CDC, more than seven out of ten adult Americans who are 20 years and above are either obese or overweight.
Fitness clubs have since adopted mobile application and online classes as new ways of service delivery in an increasingly digital world. Such a transition has been made possible by the COVID-19 pandemic leading to closure of gyms and, thus, use of online workouts. Now clubs provide customers with digital workouts and activity tracking, teach how to use pieces of equipment through applications to attract more customers and have more additional sources of income.
Comprehensive Analysis of Health and Fitness Club Market
The health and fitness club market growth are rising at an exponential rate due to its market segmentation. This market expansion rightly provides a thorough market breakdown near to the industry considering the leading supply and demand forces. These segmentations are methodically segregated by type analysis, and by age group analysis. By type analysis include personal training, group training, and self-training. By age group analysis include up to 20 years, between 20 and 40 years, 40 to 55 years, and over 55 years.
The North America region lead the health and fitness club market share by benefitting a market size of USD 44.32 billion in 2022 due to increasing demand for health and fitness clubs.
The top players in the markets have a central responsibility in the consumer goods industry to be sure of industrial prospectus development and to establish the market norms. These players include, 24 Hour Fitness USA LLC, Gold's Gym International Inc., Life Time Inc., Planet Fitness Franchising LLC, CrossFit LLC, The Bay Club Company, Equinox Group, CRUNCH FITNESS, Basic-Fit, SATS Group these market players provide a level-playing competitive landscape.
In May 2023, Virtuagym, a digital health and fitness company, partnered with Hidden Profits Marketing to launch a product integration to assist fitness studios and clubs in improving lead management.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2030
Base Year 2022
Estimated Year 2023
Forecast Period 2023-2030
Historical Period 2019-2021
Growth Rate CAGR of 8.83% from 2023 to 2030
Unit Value (USD Billion)
Segmentation By Type
Personal Training
Group Training
Self-Training
By Age Group
Up to 20 Years
Between 20 and 40 Years
40 to 55 Years
Over 55 Years
By Region
North America (By Type, Age Group, and Country)
U.S. (By Age Group)
Canada (By Age Group)
Mexico (By Age Group)
Europe (By Type, Age Group, and Country)
Germany (By Age Group)
France (By Age Group)
Italy (By Age Group)
Spain (By Age Group)
U.K. (By Age Group)
Rest of Europe (By Age Group)
Asia Pacific (By Type, Age Group, and Country)
China (By Age Group)
India (By Age Group)
Japan (By Age Group)
Australia (By Age Group)
Rest of Asia Pacific (By Age Group)
South America (By Type, Age Group, and Country)
Brazil (By Age Group)
Argentina (By Age Group)
Rest of South America (By Age Group)
Middle East & Africa (By Type, Age Group, and Country)
UAE (By Age Group)
South Africa (By Age Group)
Rest of the Middle East & Africa (By Age Group)
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