Health and Fitness Club Market Size, Trends, and Insights By Service Type (Membership Fees, Total Admission Fees, Personal Training & Instruction Service, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032


Report Code: CMI22453

Published Date: February 2023

Pages: 220+

Category: Consumer Goods

Report Snapshot

CAGR: 7.5%
78.0B
2021
83.24B
2022
125.23B
2030

Source: CMI

Study Period: 2021-2023
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • Planet Fitness Inc.
  • Crunch Fitness
  • UFC GYM
  • Two Sports International Holdings Inc.
  • Others

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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

Feature of the Report Details
Market Size in 2021 USD 78.0 Billion
Projected Market Size in 2030 USD 125.23 Billion
Market Size in 2022 USD 83.24 Billion
CAGR Growth Rate 7.5% CAGR (2022-2030)
Base Year 2022
Forecast Period 2023-2032
Key Segment By Service Type (Membership Fees, Total Admission Fees, Personal Training & Instruction Service, Others), and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

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.

Global Health and Fitness Club Market 2022–2030 (By Billion)

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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

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Health and Fitness Club Market, (2022 – 2030) (USD Billion)
    • 2.2 Global Health and Fitness Club Market : snapshot
  • Chapter 3. Global Health and Fitness Club Market – Industry Analysis
    • 3.1 Health and Fitness Club Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Consumers are eager to spend more money on health and fitness facilities since health-related variables
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Service Type
  • Chapter 4. Global Health and Fitness Club Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Health and Fitness Club Market: company market share, 2021
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Health and Fitness Club Market – Service Type Analysis
    • 5.1 Global Health and Fitness Club Market overview: By Service Type
      • 5.1.1 Global Health and Fitness Club Market share, By Service Type, 2021 and 2030
    • 5.2 Membership Fees
      • 5.2.1 Global Health and Fitness Club Market by Membership Fees, 2022 – 2030 (USD Billion)
    • 5.3 Total Admission Fees
      • 5.3.1 Global Health and Fitness Club Market by Total Admission Fees, 2022 – 2030 (USD Billion)
    • 5.4 Personal Training & Instruction Service
      • 5.4.1 Global Health and Fitness Club Market by Personal Training & Instruction Service, 2022 – 2030 (USD Billion)
  • Chapter 6. Health and Fitness Club Market – Regional Analysis
    • 6.1 Global Health and Fitness Club Market Regional Overview
    • 6.2 Global Health and Fitness Club Market Share, by Region, 2021 & 2030 (USD Billion)
    • 6.3. North America
      • 6.3.1 North America Health and Fitness Club Market, 2022 – 2030 (USD Billion)
        • 6.3.1.1 North America Health and Fitness Club Market, by Country, 2022 – 2030 (USD Billion)
    • 6.4 North America Health and Fitness Club Market, by Service Type, 2022 – 2030
      • 6.4.1 North America Health and Fitness Club Market, by Service Type, 2022 – 2030 (USD Billion)
    • 6.5. Europe
      • 6.5.1 Europe Health and Fitness Club Market, 2022 – 2030 (USD Billion)
        • 6.5.1.1 Europe Health and Fitness Club Market, by Country, 2022 – 2030 (USD Billion)
    • 6.6 Europe Health and Fitness Club Market, by Service Type, 2022 – 2030
      • 6.6.1 Europe Health and Fitness Club Market, by Service Type, 2022 – 2030 (USD Billion)
    • 6.7. Asia Pacific
      • 6.7.1 Asia Pacific Health and Fitness Club Market, 2022 – 2030 (USD Billion)
        • 6.7.1.1 Asia Pacific Health and Fitness Club Market, by Country, 2022 – 2030 (USD Billion)
    • 6.8 Asia Pacific Health and Fitness Club Market, by Service Type, 2022 – 2030
      • 6.8.1 Asia Pacific Health and Fitness Club Market, by Service Type, 2022 – 2030 (USD Billion)
    • 6.9. Latin America
      • 6.9.1 Latin America Health and Fitness Club Market, 2022 – 2030 (USD Billion)
        • 6.9.1.1 Latin America Health and Fitness Club Market, by Country, 2022 – 2030 (USD Billion)
    • 6.10 Latin America Health and Fitness Club Market, by Service Type, 2022 – 2030
      • 6.10.1 Latin America Health and Fitness Club Market, by Service Type, 2022 – 2030 (USD Billion)
    • 6.11. The Middle-East and Africa
      • 6.11.1 The Middle-East and Africa Health and Fitness Club Market, 2022 – 2030 (USD Billion)
        • 6.11.1.1 The Middle-East and Africa Health and Fitness Club Market, by Country, 2022 – 2030 (USD Billion)
    • 6.12 The Middle-East and Africa Health and Fitness Club Market, by Service Type, 2022 – 2030
      • 6.12.1 The Middle-East and Africa Health and Fitness Club Market, by Service Type, 2022 – 2030 (USD Billion)
  • Chapter 7. Company Profiles
    • 7.1 Planet Fitness Inc.
      • 7.1.1 Overview
      • 7.1.2 Financials
      • 7.1.3 Product Portfolio
      • 7.1.4 Business Strategy
      • 7.1.5 Recent Developments
    • 7.2 Crunch Fitness
      • 7.2.1 Overview
      • 7.2.2 Financials
      • 7.2.3 Product Portfolio
      • 7.2.4 Business Strategy
      • 7.2.5 Recent Developments
    • 7.3 UFC GYM
      • 7.3.1 Overview
      • 7.3.2 Financials
      • 7.3.3 Product Portfolio
      • 7.3.4 Business Strategy
      • 7.3.5 Recent Developments
    • 7.4 Two Sports International Holdings Inc.
      • 7.4.1 Overview
      • 7.4.2 Financials
      • 7.4.3 Product Portfolio
      • 7.4.4 Business Strategy
      • 7.4.5 Recent Developments
    • 7.5 Gold’s Gym International Inc.
      • 7.5.1 Overview
      • 7.5.2 Financials
      • 7.5.3 Product Portfolio
      • 7.5.4 Business Strategy
      • 7.5.5 Recent Developments
    • 7.6 Equinox Holdings Inc.
      • 7.6.1 Overview
      • 7.6.2 Financials
      • 7.6.3 Product Portfolio
      • 7.6.4 Business Strategy
      • 7.6.5 Recent Developments
    • 7.7 The Bay Club Company
      • 7.7.1 Overview
      • 7.7.2 Financials
      • 7.7.3 Product Portfolio
      • 7.7.4 Business Strategy
      • 7.7.5 Recent Developments
    • 7.8 Self Esteen Brands LLC
      • 7.8.1 Overview
      • 7.8.2 Financials
      • 7.8.3 Product Portfolio
      • 7.8.4 Business Strategy
      • 7.8.5 Recent Developments
    • 7.9 LTF Holdings Inc.
      • 7.9.1 Overview
      • 7.9.2 Financials
      • 7.9.3 Product Portfolio
      • 7.9.4 Business Strategy
      • 7.9.5 Recent Developments
    • 7.10 Goodlife Fitness.
      • 7.10.1 Overview
      • 7.10.2 Financials
      • 7.10.3 Product Portfolio
      • 7.10.4 Business Strategy
      • 7.10.5 Recent Developments
    • 7.11 Others.
      • 7.11.1 Overview
      • 7.11.2 Financials
      • 7.11.3 Product Portfolio
      • 7.11.4 Business Strategy
      • 7.11.5 Recent Developments
List Of Figures

Figures No 1 to 15

List Of Tables

Tables No 1 to 27

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2030
  • Market revenue estimates and forecasts up to 2030, by technology
  • Market revenue estimates and forecasts up to 2030, by application
  • Market revenue estimates and forecasts up to 2030, by type
  • Market revenue estimates and forecasts up to 2030, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Players

  • 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

FAQs

“North America” region will lead the global Health and Fitness Club market during the forecast period 2022 to 2030.

The key factors driving the market is Consumers are eager to spend more money on health and fitness facilities since health-related variables.

The key players operating in the Health and Fitness Club market are 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.

The global Health and Fitness Club market is expanding growth with a CAGR of approximately 7.5% during the forecast period (2022 to 2030).

The global Health and Fitness Club market size was valued at USD 78.0 Billion in 2021 and it is projected to reach around USD 125.23 Billion by 2030.

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