Boxing Gyms & Clubs in the US - Industry Market Research Report

Boxing Gyms & Clubs in the US - Industry Market Research Report

Boxing Gyms & Clubs in the US

Over the past five years, boxing gyms and clubs benefited from growth in consumer spending and interest in fitness. Since their services are primarily considered discretionary, more consumers have splurged on boxing gym memberships in recent years as disposable income has trended upward. However, the COVID-19 pandemic resulted in a substantial collapse in revenue in 2020. Strict social distancing measures and reduced capacity usage resulted in a high number of business closures during the pandemic, both voluntary and mandatory. While operators exhibited positive growth trends throughout the majority of the period, the pandemic reversed the trend. Altogether, revenue has been falling at a CAGR of 7.7% over the past five years, and is expected to reach $1.0 billion in 2023. This includes a 0.4% boost in 2023. Profit is expected to pull back in 2023, as economic resurgence and post-pandemic reopening is offset by higher inflationary pressures poised to eat away at consumers' disposable income.

Boxing gyms and clubs include facilities that provide instruction on the sport of boxing, the practice of fist fighting with padded gloves within a roped square ring. This industry does not include boxing event promoters or organizers.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.