Global Health and Fitness Club Market 2024–2033

Reports Description

According to Custom Market Insights (CMI), the Global Health and Fitness Club Market size was estimated at USD 78.0 Billion in 2021 and is expected to reach USD 83.24 billion in 2022 and is expected to hit around USD 125.23 Billion by 2030, poised to grow at a compound annual growth rate (CAGR) of 7.5% from 2022 to 2030.

A health and fitness club is a physical space where fitness freak people invest and spend money to meet their health benefits. It includes exercise equipment, machinery, a trainer, and among other fitness stuff. These clubs are organized with workout areas, functional and circuit training, yoga & meditation, indoor running tracks, and others. The young generation and millennials are more conscious regarding their physical, mental, and spiritual health, due to which the health and fitness club market is growing at a rapid pace.

Furthermore, growing health and fitness clubs in both developed and developing countries have driven major health and fitness club market growth.

Growth Factors.

The growing use of health and fitness clubs in the gym and clubs sectors will aid the market growth

Increasing consumption of sugar, and other fast food, which in turn leads to an increase in the number of obese people, and most often people, are being diagnosed with high blood pressure, diabetes, and many other diseases. These factors will attract millennials to join fitness clubs, gyms, and other ongoing health-related activities. This is anticipated to increase the overall demand for the global health and fitness club market during the forecast period.

In response to this rapid shift in lifestyle, a rise in health concerns among people has positively impacted the market growth during the forecast period.

Moreover, growing facilities and equipment space in fitness clubs, which includes high altitude rooms, yoga rooms, medical exercise areas, Zumba studios, and among others, are key emerging trends in the growing fitness club market.

Furthermore, the rise in the cases of the orthopaedics department has driven the physiotherapist, which in turn leads to a rise in the health and fitness club market in upcoming years. Moreover, several physicians opt for health and fitness clubs due to their quick monitoring and health benefits. In response to this, the growing awareness related to good health and the rapid shift in the healthy lifestyle has increased the consumer purchasing power in fitness equipment. These factors are anticipated to enhance the overall demand for the health and fitness club market during the forecast period; thus, offering the most lucrative opportunities.

Health and Fitness Club Market Segmentation.

Health and Fitness Club Market, segmented by Service Type

Depending upon the type, the health and fitness club market is segmented into membership fees, total admission fees, personal training & instruction service, and others.

The membership fees segment dominated the market in 2021 and is expected to grow over the forecast period with a total share of 16.87%. This is attributed to the fact that the latest launch of attractive fitness equipment has captured the overall market share and escalated the demand for health and fitness clubs during the forecast period.

Furthermore, an increase in the global population, rising disposable income among people, and adoption of membership fees among people are driving the overall membership fees-based segment. Health and fitness club equipment is driving the market owing to its efficiency and accuracy with advanced software solution has boosted the market growth in the upcoming years.

Report Scope

Regional Analysis

Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. North America is the dominant health and fitness club market region, with a total share of 28.67%. Rising awareness about healthy lifestyles will likely boost the market during the forecast period. An increase in well-established fitness clubs in the U.S. has increased the potential sales of the market.

Moreover, the number of adults aged between 20 and 64 years, which is the largest gym-going demographic, has increased, spurring demand for gym memberships in the recent past in the United States. As a result, many baby boomers are expected to sign up for health club memberships as they become more health-conscious with age. Most multipurpose health/fitness facilities offer a wide variety of speciality exercise services, equipment, and programs designed to encourage people of all ages and fitness levels to participate in regular exercise. Such initiatives are driving the health and fitness club market in the United States.

Some examples are LA Fitness Irvine and Life Time Fitness Chanhassen. In addition, the U.S. has witnessed high growth in the gym and equipment field. For instance, according to an article published by IBIS World in July 2022, the gym, health & fitness clubs industry is expected to grow by $32.0 bn in 2022. These factors are projected to enhance the overall demand for the health and fitness club market in the North American region.

Also, the region has well established medical sector, where the club’s demand for health and fitness has increased, which will positively help in a growing market in upcoming years.

The Europe region and Asia-Pacific region are also anticipated to maintain their dominance throughout the forecast period. Countries such as China, Japan, and India have significant contributions to the growth of the health and fitness club market in the region. Rising awareness about healthy life and growing fitness trends are expected to witness potential growth for the market in India.

For instance, according to data revealed by Business World in August 2021, the Indian fitness industry is expected to grow at 40% at a CAGR during the forecast period. These factors are anticipated to increase the overall potential sales of health and fitness equipment. In addition, key factors for the growth of the market in the Asia Pacific region are the growing population, an increase in the number of heart-related diseases, and rising awareness about health fitness equipment manufacturing plants in developed and developing nations.

Key Findings:

• On the basis of the service type segment, membership fee type service is expected to grow with a total share of 16.87%.
• On the basis of region, the North American region is expected to hold 28.67% of the total share during the forecast period.

Key market players in the health and fitness club market

• Planet Fitness Inc.
• Crunch Fitness
• UFC GYM
• Two Sports International Holdings Inc.
• Gold’s Gym International Inc.
• Equinox Holdings Inc.
• The Bay Club Company
• Self Esteen Brands LLC
• LTF Holdings Inc.
• Goodlife Fitness.
• Others

Key Development:

• In May 2021, Planet Fitness and IFIT Company entered into a strategic partnership to increase the number of footfalls and announced a minority investment in iFIT, a leading global health and fitness technology company that develops and sells interactive software, content, and equipment. This strategic partnership has driven the company’s fitness equipment during the forecast period.
• In March 2019, Planet Fitness, Inc., one of the largest and fastest-growing franchisors and operators of fitness centers in the U.S., announced a strategic collaboration with Kohl’s to open up to 10 Planet Fitness stores adjacent to select Kohl’s stores. This strategic collaboration has widened Planet fitness’s product portfolio in the U.S.
• In 2019, the Metro Detroit franchise expanded its new branch named Crunch Fitness gym in Waterford Township in the United States. It is the company’s fifth fitness center to be set up, after its other branches in Farmington Hills, Dearborn, Taylor, and Westland. This strategic business expansion is expected to increase the demand for fitness equipment.
• In November 2018, The Bay Club Company entered into strategic collaborations with Leisure Sports, Inc. to ramp up its revenue figures. This strategic collaboration has positively impacted the Bay Club Company’s product portfolio in the upcoming years.

COVID-19 Analysis

The novel coronavirus is an incomparable global pandemic that has spread to over 180 countries and caused huge losses of lives and the economy around the globe. The guidelines and policies of the logistics and supply chain of the health and fitness club equipment were affected slightly. In the first quarter of 2020, reductions in transportation and running clubs & gyms around the world have led to concerns about the growth of the health and fitness club market.

In addition, the increase in the number of COVID patients in turn leads to the imposition of strict lockdowns. For instance, in India, there were complete restrictions on opening fitness clubs, gyms, and many other health clubs which has affected the market adversely.  Furthermore, several manufacturers either shut down or shrunk their production capacities for exercise equipment.

In addition, as the restrictions imposed due to lockdowns are being lifted in the fourth quarter of the pandemic, the healthcare and fitness clubs and other sectors are expected to recover soon owing to the record of health and fitness club production units in both developed and developing economies.

Segments covered in the report

By Service Type

• Membership Fees
• Total Admission Fees
• Personal Training & Instruction Service
• Others

By Region

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Italy
• Spain
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America