GURUGRAM, India, Aug. 5, 2019 /PRNewswire/ --
- Increase in ageing population from 3.9 million in 2018 to 4.5 million in 2023 is expected to widen fitness services market for seniors.
- Over 63% of the Australians aged 18 and over are overweight and obese thereby driving the overall fitness services market in Australia.
- Organized fitness service centres is expected to increase majorly as they are providing various additional services such as swimming pool, lockers, showers, group exercises, sports facility. Along with additional services they are accessible due to large number of centers and offer various offers and discounts on fitness services.
Expansion of Organized Market: Growth in Australia fitness services market will mainly be facilitated by growing penetration of organized fitness service centres. Number of fitness outlets of existing players such as Anytime Fitness, F45 Aus Hold Co. Pty Ltd., Cross Fit, Snap Fitness, Good Life Health Clubs, Plus Fitness, Jetts Fitness, Fernwood Fitness, Virgin Active and others are expected to amplify service quality in the coming years, leading to growth in the overall industry. Furthermore, expected expansion of organized fitness centers to 3,681 fitness centers by 2023E, will enhance the accessibility for Australians to achieve better health regime.
Increasing demand for Personal Training Market: Daily monitoring of progress, extra attention and customized exercises and growing popularity of High intensity workouts are the major reasons behind the growing demand for personal training services. Personal Training market share is expected to increase in the forecast period (2018-2023E), consequently decreasing the market share of gym membership fee. This shows that there will be an increase in the demand of personal training in future owing to its benefits leading to growth in the fitness service market in Australia.
Technological advancement: Incorporation of technology in fitness services through the advent of online workout apps, virtual classes and wearables is expected to boost the growth of the fitness service market in Australia in future since it increases the convenience and accessibility of people in remote areas as well.
Ken Research in its latest study, "Australia Gym and Fitness Centre Market Outlook to 2023 - By Revenue Stream (Membership Fee and Personal Trainer Fee), By Subscription Period (1 month, 3 months, 6 months and 1 year), By Region, By Number of Gyms, by Subscription Fees and By Gender" suggests that the demand for fitness service centres in Australia would continue to grow at a CAGR of approximately 4.0% owing to expansion in service portfolios of organized fitness service centres, adaptation of attractive marketing strategies and technological upgradation
Key Segments Covered
By Revenue Streams
- Membership Fee
- Personal Training Fee
By Subscription period
- 1 month
- 3 months
- 6 months
- 1 year
- New South Wales
- Western Australia
- Southern Australia
- Australian Capital Territory
- Northern Territory
By Type of Market
- Organized Market
- Unorganized Market
By Number of Gyms by Subscription Fee
- Up to 850 AUD
- Between 850- 1200 AUD
- Above 1200 AUD
Key Target Audience
- Fitness Centers in Australia
- Fitness Equipment companies
- Private Equity firms
- Ministry of Health
Time Period Captured in the Report
- Historical Period: 2013-2018
- Forecast Period: 2019-2023E
Major Fitness Centers Covered
- Anytime Fitness
- YMCA Australia
- Good life Health Clubs
- Plus Fitness
- Snap Fitness
- Jetts Fitness
- F45 Aus Hold Co Pty Ltd
- World Gym
- Fernwood Fitness
- Virgin active
- Genesis Fitness
- Fit N Fast
- Zap Fitness
- Fitness First Australia Pty Ltd
- Powerhouse Gyms
- Furious Fitness 24/7
- Stepz Gym
- Derimut Gym
Key Topics Covered in the Report
- Australia fitness Services Market Genesis & Overview
- Australia fitness Services Market Size
- Australia fitness Services Market Segmentation by By Revenue Stream (Membership Fee and Personal Trainer Fee), By Subscription Period (1month, 3months, 6months and 1year), By Region (New South Wales, Victoria, Queensland, Western Australia, Southern Australia, Australian Capital Territory, Tasmania and Northern Territory), By number of gyms by subscription fees (Upto 850 AUD, Between 850-1200 AUD and Above 1200 AUD) and By Gender (Male & Female).
- Trends and Recent Developments in Australia Fitness Services Market
- Issues and Challenges in Australia Fitness Services Market
- Government rules and regulations, certifications in Australia Fitness Services Market
- Consumer Profile in Australia Fitness Services Market
- Business Profile in Australia Fitness Services Market
- Australia fitness Services Market SWOT analysis
- Australia fitness Services Market Competition Scenario
- Australia fitness Services Market Company Profiles of Major players
- Australia fitness Services Market Future & Segmentations
- Australia fitness Services Market Snapshot on Personal Training
- Snapshot on Other Fitness Services Market of Australia
- Australia fitness Services Market Analyst Recommendations
For more information on the market research report, please refer to the below link:
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Ankur Gupta, Head Marketing
Ken Research Private Limited
SOURCE Ken Research