Health and Fitness Club Market

Global Health and Fitness Club Market Size (2024 to 2029)

The global health and fitness clubs market is expected to grow at a CAGR of 13.52% from 2024 to 2029 and the market size is predicted to be valued at USD 205.68 billion by 2029 from USD 109.10 billion in 2024. Health and fitness clubs are 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.

Global Health and Fitness Club 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 the 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 health and fitness clubs.

 Global Health and Fitness Club Market 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.

REPORT COVERAGE:

This research report on the global health and fitness club market has been segmented and sub-segmented based on service type, and region

Global Health and Fitness Club Market – By Type of Service:

• Membership Fees
• Total Admission Fees
• Personal Training
• Instruction Services

With the increasing number of gymnasiums across the world, the need for personal training and instructions multiplies in the global marketplace.

Global Health and Fitness Club Market – By Regional Analysis:

• North America 
• Europe 
• Asia Pacific 
• Latin America 
• Middle East and Africa

In 2023, the European health and fitness clubs market had the most significant number of health clubs and gyms. However, in terms of revenue, the North American 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 at USD 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 multi-purpose 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 remarkable growth in the Asia Pacific health and fitness club market. Also, these countries are expected to be very attractive to fitness chains around the world.

 KEY MARKET PLAYERS:

Companies such as Planet Fitness, LA Fitness International LLC., 24 Hour Fitness, LTF Holdings Inc., and Gold's Gym International are playing a leading role in the global health and fitness club market.

RECENT HAPPENINGS IN THE MARKET:

• 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.