Further driving demand for industry services, many health-conscious individuals have incorporated fitness into their daily regimen. The number of adults aged 20 to 64, the largest gym-going demographic, has grown, spurring demand for gym memberships over the period. As a result, in the five years to 2016, industry revenue is expected to grow at an annualized rate of 2.4% to $30.1 billion, including a 2.2% rise in 2016, as more consumers value fitness as a means to bolster their overall health.
Over the five years to 2021, many baby boomers are expected to sign up for health club memberships as they grow more health-conscious due to their age. Consequently, industry revenue is forecast to grow over the five-year period. According to IBISWorld Industry Analyst Andrew Alvarez, "consumers are anticipated to increasingly substitute large, all-inclusive clubs for low-cost memberships, propelling industry revenue upward."
Golf Driving Ranges & Family Fun Centers
Weight Loss Services
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