The imposition of total lockdowns across the world led to a decline in the number of people participating in fitness activities. This significantly reduced the sales of memberships in gyms and health clubs in 2020. With things getting back to normal, many governments have eased the restrictions imposed on businesses. This is expected to increase the number of registrations in gyms and health clubs, thereby positively influencing the market growth.
The market is expected to be driven by factors such as the rising number of fitness centers and health clubs and the rising cost of healthcare services.
Request a Free Sample Report
Gym and Health Clubs Market: Opportunities
The prevalence of obesity is steadily increasing across the globe. This is driving a majority of the population to involve in regular fitness activities to stay healthy. Besides, the growing disposable incomes of people, especially in developing countries have increased consumer spend on recreational and fitness activities that involve the use of fitness equipment. Many such factors are expected to create significant opportunities for market players over the forecast period.
Gym and health clubs Market: Segmentation by Service
Based on the segmentation by service, the market generated maximum revenue in the membership fees segment in 2019. The growth of the segment is driven by the increasing number of gyms and fitness centers. However, the market growth in the segment is expected to be slower than the growth of the market in the personal training and instruction services segment.
Gym and Health Clubs Market: Segmentation by Geography
North America held the largest market share in 2019 and the market growth in the region is expected to be slower compared to the growth of the market in APAC, MEA, and South America. The growth of the market in North America can be attributed to the rise in the elderly population joining fitness and recreational sports centers, coupled with technologically innovative fitness equipment specially designed for elder end-users. In addition, the increasing rates of obesity and related diseases are expected to drive the growth of the gym and health clubs market in North America during the forecast period.
Develop strategies to make the most of future growth opportunities
Grab an Exclusive Report Now!
Gym and Health Clubs Market: Major Vendors
Bev Francis Powerhouse Gym
The company offers paid memberships to their customers that cover definite modules spread across the duration of the subscriptions.
Equinox Holdings Inc.
The company offers club memberships, personal training, pilates training, and other group fitness classes. The company has different types of gyms and health clubs in different locations.
Golds Gym International Inc.
The company offers different types of gym memberships and services. The company offers paid memberships to their customers that cover definite modules spread across the duration of the subscriptions.
Metroflex Gym
The company offers different types of gym memberships, services, and merchandise. The company keeps organizing events and championships to encourage fitness customers to participate in fitness activities and bodybuilding events.
Original Temple Gym
The company offers different types of gym memberships, customized training, and merchandise. The company offers paid memberships to its customers. The membership covers defined modules of training, spread over the duration of the subscription, as per the will and requirement of the customer.
Request for a complete report to know the strategy adopted by Vendors during the COVID-19 recovery phase
Related Reports on Gym and Health Clubs Market:
Global Gym Management Software Market – Global gym management software market is segmented by deployment (cloud-based and on-premise) and region (APAC, Europe, MEA, North America, and South America).
Download an Exclusive Free Sample Report
Global Connected Gym Equipment Market – Global connected gym equipment market is segmented by Product (Cardiovascular training equipment and Strength training equipment) and Geographic (North America, Europe, APAC, MEA, and South America).
Download an Exclusive Free Sample Report
Global Gymnastic Equipment Market – Global gymnastic equipment market is segmented by distribution channel (offline and online) and geography (APAC, Europe, MEA, North America, and South America).
Download an Exclusive Free Sample Report
Global Dumbbells Market – Global dumbbells market is segmented by distribution channel (offline and online) and geography (Europe, North America, APAC, South America, and MEA).
Download an Exclusive Free Sample Report
Global Licensed Sports Merchandise Market – Global licensed sports merchandise market is segmented by product (apparel and footwear, accessories and gifts, toys and games, and others), end-user (men, women, and children), distribution channel (offline and online), and geography (APAC, Europe, MEA, North America, and South America).
Download an Exclusive Free Sample Report
Executive Summary
Market Landscape
- Market ecosystem
- Market characteristics
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Service
- Market segments
- Comparison by Service
- Membership fees - Market size and forecast 2019-2024
- Personal training and instruction services - Market size and forecast 2019-2024
- Total admission fee - Market size and forecast 2019-2024
- Market opportunity by Service
Customer Landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Bev Francis Powerhouse Gym
- Equinox Holdings Inc.
- Golds Gym International Inc.
- Metroflex Gym
- Original Temple Gym
- Planet Fitness Inc.
- Titan Manufacturing and Distributing Inc.
- Town Sports International Holdings Inc.
- UFC Gym
- Virgin Active Ltd.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com
Report: www.technavio.com/report/gym-and-health-clubs-market-industry-analysis
SOURCE Technavio
Share this article