PUBLISHER: TechNavio | PRODUCT CODE: 1384512
PUBLISHER: TechNavio | PRODUCT CODE: 1384512
The gym and health clubs market is forecasted to grow by USD 20.58 bn during 2023-2028, accelerating at a CAGR of 3.91% during the forecast period. The report on the gym and health clubs market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing number of baby boomers and millennials joining gyms, rise in number of fitness centers and health clubs, and increasing focus on fitness initiatives by government bodies and corporates.
Market Scope | |
---|---|
Base Year | 2023 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 3.71% |
CAGR | 3.91% |
Incremental Value | $20.58bn |
Technavio's gym and health clubs market is segmented as below:
By Service
By Type
By Geographical Landscape
This study identifies the integration of health and wellness services as one of the prime reasons driving the gym and health clubs market growth during the next few years. Also, the emergence of specialized and boutique gyms and growing personalization in the fitness industry will lead to sizable demand in the market.
The report on the gym and health clubs market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading gym and health clubs market vendors that include 24 Hour Fitness USA LLC, Bev Francis Powerhouse Gym, Chelsea Piers LP, ClubCorp USA Inc., Crunch LLC, David Lloyd Leisure Ltd., Diverse Retails Pvt. Ltd., Equinox Holdings Inc., Exos Works Inc., Life Time Inc., Metroflex Gym, Planet Fitness Inc., RSG Group GmbH, Scandinavian Fitness, Self Esteem Brands LLC, Temple gym, The Bay Clubs Co. LLC, UFC Gym, Virgin Active Ltd., and XSport Fitness. Also, the gym and health clubs market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
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