About Gym and Health Clubs
The global Gym and Health Clubs market is expected to witness high demand in the forecasted period due to rising awareness of health and fitness across the globe. Due to widespread health awareness, people are becoming more health and fitness conscious and are focusing on adopting healthy diets and work out at gyms and health clubs. The growth in expenditure on healthy lifestyle and fitness activities, which is encouraging them to join fitness clubs. During the past month, the fitness industry suffered significant financial losses as thousands of gyms closed due to the COVID-19 pandemic. While this has left millions of people with nowhere to workout, it has also left owners and staff alike scrambling to stay afloat financially. In light of the recent pandemic, many people are staying home, working remotely, and social distancing. Following the indefinite closure of gyms, many people are turning to home workouts in an effort to preserve not only our strength but also sanity.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
The gym and health clubs market is fragmented by the presence of various key players scattered across the globe. These players compete based on factors such as the quality and range of services offered, service differentiation, pricing, the range of service offerings, and value-added services. The company has adopted strategic acquisition as the key strategy to increase its geographical presence and customer base. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Gym and Health Clubs market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Planet Fitness Inc. (United States), Town Sports International Holdings Inc. (United States), UFC GYM (United States), Crunch Fitness (United States), The Bay Club Company (United States), Gold's Gym International Inc. (United States), Equinox Holdings Inc. (United States), 24 Hour Fitness USA Inc. (United States), Body Vision Fitness Inc. (Canada) and HQ Gym Health and Wellness Center (Ireland) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Blink Fitness (United States), Crunch Fitness (United States), In-Shape Health Clubs, LLC. (United States), Powehouse Gym (United States), London Hammersmith Palais Gym (United Kingdom), Energy Fitness (United Kingdom) and Neoness Gym (France).
Segmentation Overview
AMA Research has segmented the market of Global Gym and Health Clubs market by Type (Gyms and Health Club [Yoga Centers, Dance Centers, Athletic Clubs, Others]) and Region.
On the basis of geography, the market of Gym and Health Clubs has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Membership Type, the sub-segment i.e. Membership Fees will boost the Gym and Health Clubs market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Men will boost the Gym and Health Clubs market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Gyming is Trending in the Young Populations and Upsurging Demand due to Increasing Equipment and Facility Spaces in Fitness Clubs, such as Hot Yoga Studios, High Altitude Training Rooms, Metabolic Testing Equipment, Medical Exercise Areas
Market Growth Drivers:
Increasing Inclination towards Health Clubs across the Globe and Growing Consumer Spendings on Health and Fitness Club
Challenges:
The Increasing Availability Of Local Gyms
Restraints:
The Growing Concern Related to the Wrong Diet Following as well as Gyming
Opportunities:
High Demand due to Increasing Spending on Marketing and Advertisement and High Demand for the Personal Traning
Market Leaders and their expansionary development strategies
On 23rd January 2020, Crunch Fitness announces Apple Watch integration at New York Crunch Signature locations including W83rd Street and FiDi. As an Apple Watch Connected fitness center, Crunch is committed to helping members achieve their goals and transform their fitness experience using Apple Watch in and out of the gym.
On 20th November 2019, Fitness franchise UFC GYM has announced its next big expansion strategy for India in order to woo body sculpting enthusiasts and fitness aficionados. The brand will open two UFC GYM Signature Clubs in Noida, and CORE UFC GYMS in Mumbai, Goa, Bareilly, and Bangalore, respectively.
Key Target Audience
Gym and Health Clubs Providers, Government Research Organisation, Private Research Organisation, Government Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.