Gym membership has grown rapidly in the past five years as consumers have become increasingly health conscious, bolstering revenue for the Gym, Health and Fitness Clubs industry. However, the emergence of budget-conscious gym members has transformed the industry's landscape, and the provision of low-cost, contract-free memberships has hampered profitability among gyms unable to maintain high customer retention rates. Over the next five years, demographic changes are expected to expand the industry's potential market, and increased consumer spending will boost sales of higher-value services. As a result, industry revenue growth is projected to accelerate through 2020.
This industry operates fitness and recreational sports facilities that feature exercise and other active physical fitness conditioning or recreational sports activities, such as swimming, skating or racquet sports. Operators are also involved in facilities management and fitness instruction.
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.
