The Gyms and Fitness Centres industry ran into trouble in relatively recent times. Challenging economic conditions caused some gym goers to cancel their gym membership or opt to exercise independently at no cost. Other gym goers have traded down to a new breed of budget gyms, which do not require long-term contracts and charge less because they only offer basic services. As a result, a number of established players suffered from falling membership numbers and have been forced to sell or close gyms. Meanwhile, newer budget operators have done well, attracting the investment to finance further expansion in the next five years.
Operators in this industry provide fitness facilities, specifically gyms and health clubs. These organisations typically provide services on a membership basis, and benefits include the use of exercise equipment and weights, personal training, group classes and other club facilities.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.