The global health and fitness club market is estimated to reach US$96.6 billion in 2024, growing at a CAGR of 7.70% for the period spanning from 2020 to 2024. The factors such as increasing per capita disposable income, growing urban population, increasing obesity, rising fitness clubs and gym, inclination towards health clubs for fitness are expected to drive the market. However, growth of the industry will be challenged by increasing physical outdoor activity, increased cost and increasing demand for home equipments. A few notable trends include rise of lifestyle related illness, influence of social media, increasing number of health clubs and memberships, technology advancement, increasing healthcare costs, increasing health conscious audience and growing hybrid studios.
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The global health and fitness club market is expected to grow in future owing to rising awareness among people to avail healthy lifestyle, increasing number of lifestyle-oriented diseases and rising incidences of obesity. In terms of geographical areas, America is the major contributor to the global health and fitness club memberships supported by growing millennial population and rising obesity. Asia is the fastest growing market for health and fitness club with attractive membership fees offered by fitness clubs and increasing spending on marketing and advertisement.
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Table of Content
1. Introduction1.1 Fitness Clubs1.2 Different Fitness Centers1.3 Different Facilities and Services
2. Impact of COVID-192.1.1 Fall in Memberships2.1.2 Gyms Bankruptcy2.1.3 Rising Sales of Home Fitness Equipments
3. Global Health and Fitness Club Market Analysis
3.1 Global Health and Fitness Club Market by Value3.2 Global Health and Fitness Club Market Forecast by Value3.3 Global Health and Fitness Penetration Rate by Region3.4 Global Health and Fitness Club Market by Region3.5 Global Health and Fitness Club Membership3.6 Global Health and Fitness Club Membership Forecast3.7 Global Health and Fitness Club Membership by Region3.8 Global Number of Gym by Region
4. Regional Health and Fitness Club Market Analysis4.1 North America4.1.1 North America Health and Fitness Club Market by Value4.1.2 North America Health and Fitness Club Market Forecast by Value4.1.3 North America Health and Fitness Club Membership4.1.4 North America Health and Fitness Club Membership Forecast4.1.5 Number of Gyms in North America4.1.6 Number of Gyms in North America Forecast4.1.7 U.S. Gym Market by Value4.1.8 U.S. Gym Market Forecast by Value4.1.9 U.S. Gym Membership4.1.10 U.S. Gym Membership Forecast4.1.11 Number of Gyms in the U.S.4.1.12 Number of Gyms in the U.S. Forecast4.2 Europe4.2.1 Europe Health and Fitness Club Market by Value4.2.2 Europe Health and Fitness Club Market Forecast by Value4.2.3 Europe Health and Fitness Club Membership4.2.4 Europe Health and Fitness Club Membership Forecast4.2.5 Number of Gyms in Europe4.2.6 Number of Gyms in Europe Forecast4.3 Asia-Pacific4.3.1 Asia-Pacific Health and Fitness Club Market by Value4.3.2 Asia-Pacific Health and Fitness Club Market Forecast by Value4.3.3 Asia-Pacific Health and Fitness Club Membership4.3.4 Asia-Pacific Health and Fitness Club Membership Forecast4.3.5 Number of Gyms in Asia Pacific4.3.6 Number of Gyms in Asia Pacific Forecast
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5. Market Dynamics5.1 Growth Drivers5.1.1 Increasing Per Capita Disposable Income5.1.2 Growing Urban Population5.1.3 Increasing Obesity5.1.4 Rising Fitness Clubs and Gym5.1.5 Inclination Towards Health Clubs for Fitness5.2 Key Trends & Developments5.2.1 Rise of Lifestyle Related Illness5.2.2 Influence of Social Media5.2.3 Increasing Number of Health Clubs and Memberships5.2.4 Technology Advancements5.2.5 Increasing Healthcare Costs5.2.6 Increasing Health Conscious Audience5.2.7 Growing Hybrid Studios5.3 Challenges5.3.1 Increasing Physical Outdoor Activity5.3.2 Increased Cost5.3.3 Increasing Demand for Home Equipments
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