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Health and Fitness Club Market Size, Trends, and Insights By Service Type (Membership Fees, Total Admission Fees, Personal Training & Instruction Service, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032
Overview
Global Health and Fitness Club Market
Health and Fitness Club Market: Overview
Health and Fitness Club Market Size, Trends, and Insights By Service Type (Membership Fees, Total Admission Fees, Personal Training & Instruction Service, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032
According to Custom Market Insights (CMI), The Health and Fitness Club Market size was estimated at USD 78 Billion in 2021 and is expected to hit around USD 125.23 Billion by 2030, poised to grow at a compound annual growth rate (CAGR) of 7.5% from 2022 to 2030.
A health and fitness club is a physical space where fitness freak people invest and spend money to meet their health benefits. It includes exercise equipment, machinery, a trainer, and among other fitness stuff. These clubs are organized with workout areas, functional and circuit training, yoga & meditation, indoor running tracks, and others. The young generation and millennials are more conscious regarding their physical, mental, and spiritual health, due to which the health and fitness club market is growing at a rapid pace.
Furthermore, growing health and fitness clubs in both developed and developing countries have driven major health and fitness club market growth.
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Health and Fitness Club Market: Growth Drivers
Increasing consumption of sugar, and other fast food in turn leads to an increase in the number of Obese people, and most often people, are being diagnosed with high blood pressure, diabetes, and many other diseases. These factors will attract millennials to join fitness clubs, gyms, and other ongoing health-related activities. This is anticipated to increase the overall demand for the health and fitness club market during the forecast period.
Report URL: https://www.custommarketinsights.com/report/health-and-fitness-club-market/
Health and Fitness Club Market: Regional Analysis
Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. North America is the dominant health and fitness club market region, with a total share of 28.67%. Rising awareness about healthy lifestyles will likely boost the market during the forecast period. An increase in well-established fitness clubs in the U.S. has increased the potential sales of the market. Moreover, the number of adults aged between 20 and 64 years, which is the largest gym-going demographic, has increased, spurring demand for gym memberships in the recent past in the United States. As a result, many baby boomers are expected to sign up for health club memberships as they become more health-conscious with age.
Most multipurpose health/fitness facilities offer a wide variety of speciality exercise services, equipment, and programs designed to encourage people of all ages and fitness levels to participate in regular exercise. Such initiatives are driving the health and fitness club market in the United States. Some examples are LA Fitness Irvine and Life Time Fitness Chanhassen. In addition, the U.S. has witnessed high growth in the gym and equipment field. For instance, according to an article published by IBIS World in July 2022, the gym, health & fitness clubs industry is expected to grow by $32.0 bn in 2022. These factors are projected to enhance the overall demand for the health and fitness club market in the North American region.
Health and Fitness Club Market: Recent Developments
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May 2021: In May 2021, Planet Fitness and IFIT Company entered into a strategic partnership to increase the number of footfalls and announced a minority investment in iFIT, a leading global health and fitness technology company that develops and sells interactive software, content, and equipment. This strategic partnership has driven the company’s fitness equipment during the forecast period.
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March 2019: In March 2019, Planet Fitness, Inc., one of the largest and fastest-growing franchisors and operators of fitness centers in the U.S., announced a strategic collaboration with Kohl’s to open up to 10 Planet Fitness stores adjacent to select Kohl’s stores. This strategic collaboration has widened Planet fitness’s product portfolio in the U.S.
Key Players:
- Planet Fitness Inc.
- Crunch Fitness
- UFC GYM
- Two Sports International Holdings Inc.
- Gold’s Gym International Inc.
- Equinox Holdings Inc.
- The Bay Club Company
- Self Esteen Brands LLC
- LTF Holdings Inc.
- Goodlife Fitness.
- Others
Press Release: https://www.custommarketinsights.com/press-releases/health-and-fitness-club-market-size/
The Health and Fitness Club Market is segmented as follows:
By Service Type
- Membership Fees
- Total Admission Fees
- Personal Training & Instruction Service
- Others
On the basis of Geography
North America
- The US
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- New Zealand
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
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