Health and Fitness Club Market Report 2024

This Health And Fitness Club market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The health and fitness club market size has grown strongly in recent years. It will grow from $92.9 billion in 2023 to $101.46 billion in 2024 at a compound annual growth rate (CAGR) of 9.2%. The increase observed in the historic period can be linked to job corporatization, the rise in apartments offering amenities, rapid urban growth, government initiatives encouraging physical fitness, and the growing popularity of group fitness classes.

The health and fitness club market size is expected to see strong growth in the next few years. It will grow to $144.82 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%. The projected growth during the forecast period is due to a shift towards preventive healthcare, the expansion of fitness franchises, the rise of personalized fitness programs and training plans, the adoption of corporate wellness initiatives, and a focus on community building. Key trends expected during the forecast period include virtual classes, sustainability efforts, the use of artificial intelligence for tailored workout recommendations, the adoption of smart gym equipment, and the proliferation of health and fitness apps.

The increasing prevalence of obesity is anticipated to drive the growth of the health and fitness club market. Obesity, characterized by excessive body fat accumulation, can lead to various health issues such as diabetes, heart disease, and joint problems. This rise in obesity is due to factors such as sedentary lifestyles, poor dietary choices, and high consumption of calorie-dense, processed foods. Health and fitness clubs help combat obesity by offering structured exercise programs, fitness equipment, and professional guidance. These services promote regular physical activity and healthier habits, contributing to weight loss and overall improved health. For instance, the Office for Health Improvement and Disparities reported in May 2023 that approximately 25.9% of adults aged 18 and older in England were obese from 2021 to 2022, up from 25.2% in the previous year. As a result, the rising obesity rates are fueling the growth of the health and fitness club market.

Leading companies in the health and fitness club sector are focusing on developing advanced digital fitness solutions, such as personalized coaching apps, to enhance their market position and attract more clients. These apps provide customized fitness guidance and recommendations based on individual user data and goals, including tailored workout plans. For example, in April 2023, Anytime Fitness, a US-based health and fitness club, launched AF SmartCoaching technology and the AF App. This platform offers 24/7 personalized fitness, nutrition, and recovery coaching, accessible from anywhere. The AF SmartCoaching technology enables Anytime Fitness coaches to create customized health and fitness plans using real-time data, tracking activity and performance, and adjusting plans based on progress through predictive analytics.

In February 2022, Planet Fitness, a US-based fitness company, acquired Sunshine Fitness Growth Holdings LLC for $800 million. This acquisition aims to expand Planet Fitness's corporate store portfolio and integrate Sunshine Fitness’s successful operations, thereby driving overall growth while maintaining an asset-light business model. Sunshine Fitness Growth Holdings LLC operates health club franchises across the United States.

Major companies operating in the health and fitness club market are Equinox Holdings Inc., 24 Hour Fitness Inc., Life Time Fitness Inc., LA Fitness, Anytime Fitness LLC, Gold's Gym International Inc., New York Sports Clubs (NYSC), Planet Fitness, Virgin Active Ltd., InShape Health Clubs LLC, David Lloyd Clubs, Barry's Bootcamp, Crunch Fitness, The Bay Club Company, PureGym, SoulCycle, Snap Fitness, F45 Training, Self Esteem Brand, YMCA Canada, Genesis Health Clubs, Town Sports International, Club Pilates Franchise LLC, Bally's Total Fitness, Orangetheory Fitness.

North America was the largest region in the health and fitness club market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the health and fitness club market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the health and fitness club market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A health and fitness club is a facility aimed at enhancing physical exercise, wellness, and overall health through a range of services and amenities. These clubs generally feature gym equipment, group fitness classes, personal training, and wellness programs, as well as additional amenities such as saunas, swimming pools, and spa services. They offer a supportive environment for members to participate in physical activity, boost their fitness levels, and adopt a healthy lifestyle.

Key offerings of health and fitness clubs include aerobic classes, yoga sessions, a swimming pool, gym equipment, and more. Aerobic classes are organized group workouts that aim to increase heart rates and enhance cardiovascular fitness. These sessions encompass various exercises, including step aerobics, high-intensity interval training (HIIT), and dance-based routines. Clubs typically offer monthly and annual memberships and include options for personal training, group training, and self-training. These facilities cater to a diverse range of users, including both men and women.

The health and fitness club market research report is one of a series of new reports that provides health and fitness club market statistics, including health and fitness club industry global market size, regional shares, competitors with a health and fitness club market share, detailed health and fitness club market segments, market trends and opportunities, and any further data you may need to thrive in the health and fitness club industry. This health and fitness club market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The health and fitness club market includes revenues earned by entities by providing services such as strength and conditioning programs, functional training, physical therapy, and nutritional counseling. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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