Product Description:
Health and fitness clubs are in general places with equipment for physical exercises. With the current hectic lifestyle of the working population, health and fitness organizations play a major role in reducing stress and controlling external body conditions.
Market Overview
The global Health and Fitness Clubs Market was worth US$ xx million in 2020, and it is estimated to reach a valuation of US$ xx million by the end of 2025, growing at an annual compound rate of about 8% between 2020 and 2025.
Recent Developments and Trends
LA Fitness agreed with Attorney General Eric Schneiderman; the focus was on improving access by updating the policy so that all clients can access the location.
Life Time opened a member sales center at Baybrook Mall, before opening a gym. The Bay Brook Fitness Center is the second of three recently opened locations in the Houston area in mid-2019.
In June, Life Time opened a $ 42 million sports complex in Cypress and is developing a location in Greenway Plaza.
Gold's Gym offers the opportunity to enroll in term life insurance, which provides $ 10,000 coverage through Lincoln Financial.
Market Drivers
As the number of gyms with personal training and the latest fitness equipment increases, consumers are increasingly joining health and fitness clubs. The growing space of equipment and facilities in gyms, such as yoga studios, advanced training rooms, metabolic testing equipment, medical yards and day spas, is gaining popularity among consumers, supporting Health and Fitness Club Market growth. The attractive membership rates offered by gyms increase marketing and advertising spending and help generate more income. Increasing consumption of unhealthy foods and sugars worldwide leads to obesity, leading to diabetes, heart disease and high blood pressure. The growing awareness of millennials has increased spending on healthy lifestyles and physical activities, encouraging them to join fitness clubs.
In addition, the younger generation is more likely to be a consumer of a health club than any other demographic group, so the gym is focusing on maintaining its participation in the consumer sector and continuing to invest in memberships through the provision of personalized services. Due to the fierce competition in the market, the leading players strive to differentiate their service offerings by providing advanced equipment and services at affordable costs, which encourages more people to join the health and fitness clubs.
Restraints
However, as the demand for home gym equipment increases during the forecast period, it can become a restraint to the Health and Fitness Club market.
Market Segmentation
Depending on the type of service, the global Health and Fitness Club Market is divided into membership fees, total admission fees and personal training and instruction services. With the increasing number of gymnasiums across the world, the need for personal training and instructions multiplies in the global marketplace.
Regional Analysis
In 2018, Europe health and fitness clubs market had the most significant number of health clubs and gyms. However, in terms of revenue, North America health and fitness club market is expected to exceed the growth of the European market. In 2018, the US Health and Fitness Club Market was valued $ 317.8 billion and is likely to progress with an annual compound rate of 7.95% during the forecast period. Increasing awareness about health and obesity among consumers in the US will support market growth in the region. Many baby boomers are presumed to join gym memberships as their interest in health increases with age.
Most multipurpose health/exercise facilities offer a variety of special exercise services, equipment and programs designed to help people of all ages and fitness levels participate in the regular exercise that leads the club market. The growing demand in countries like India, China, Indonesia, Australia and Malaysia is accelerating a remarkable growth in the Asia Pacific health and fitness club market. Also, these countries are expected to be very attractive for fitness chains around the world.
Top Leading Company
LA Fitness International LLC is one of the most active companies in the Health and Fitness Club Market with numerous brands that offer a wide range of services worldwide.
Key Players
The key players in the market includes Planet Fitness, LA Fitness International LLC, 24 Hour Fitness, LTF Holdings Inc. and Gold's Gym International.
1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restaints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Health and Fitness Club Market, By Service Type
6.1.1 Membership Fees
6.1.2 Total Admission Fees
6.1.3 Personal Training and Instruction Services
6.1.4 Market Size Estimations & Forecasts (2019-2024)
6.1.5 Y-o-Y Growth Rate Analysis
6.1.6 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.1.1 USA
7.2.1.2 Canada
7.2.2 By Service Type
7.2.3 By Platform
7.3 Europe
7.3.1 By Country
7.3.1.1 UK
7.3.1.2 France
7.3.1.3 Germany
7.3.1.4 Spain
7.3.1.5 Italy
7.3.1.6 Rest of Europe
7.3.2 By Service Type
7.3.3 By Platform
7.4 Asia Pacific
7.4.1 By Country
7.4.1.1 China
7.4.1.2 India
7.4.1.3 Japan
7.4.1.4 South Korea
7.4.1.5 South East Asia
7.4.1.6 Australia & NZ
7.4.1.7 Rest of Asia-Pacific
7.4.2 By Service Type
7.4.3 By Platform
7.5 Latin America
7.5.1 By Country
7.5.1.1 Brazil
7.5.1.2 Argentina
7.5.1.3 Mexico
7.5.1.4 Rest of Latin America
7.5.2 By Service Type
7.5.3 By Platform
7.6 Middle East and Africa
7.6.1 By Country
7.6.1.1 Middle East
7.6.1.2 Africa
7.6.2 By Service Type
7.6.3 By Platform
8. Key Player Analysis
8.1 Gold's Gym International
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Planet Fitness
8.3 LA Fitness International LLC
8.4 24 Hour Fitness
8.5 LTF Holdings Inc.
8.6 Town Sports International Holdings Inc
8.7 The Bay Club Company
8.8 Equinox Holdings Inc.
9. Market Outlook & Investment Opportunities
Appendix
List of Tables
List of Figures
