Health and Fitness Club Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Health and Fitness Club Market report is segmented by service type (membership fees, personal training & instruction service, and other service types) and by geography (North America, Europe, Asia-Pacific, South America, and Middle East and Africa). The report offers market size and forecast in value terms (in USD) for all the above segments.

Health and Fitness Club Market Size

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Major Players

*Disclaimer: Major Players sorted in no particular order

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Health and Fitness Club Market Analysis

The health and fitness club market size is estimated at USD 98.14 billion in 2023. It is projected to reach USD 172.95 million by 2028, registering a CAGR of 12.00% during the forecast period (2023-2028).

• Consumers are willing to spend more on health and fitness clubs, with the health aspects playing a pivotal role in global market growth. The rising number of health clubs and gyms with personal training and the latest fitness equipment attracts consumers to join health and fitness clubs, influencing the market. A sudden surge in online courses is further contributing to the market growth.
• For instance, in December 2022, Wondercise announced the launch of its gamified online and in-gym group fitness concept in Taiwan for the Consumer Electronics Show (CES) 2023. The company claims this concept helps users compete on the same leaderboard during the same class, whether in the studio or a remote location.
• Equipment and facility spaces in fitness clubs, such as hot yoga studios, high altitude training rooms, metabolic testing equipment, medical exercise areas, and day spas, are gaining popularity among consumers, further supporting market growth. Fitness clubs offer attractive membership fees while increasing marketing and advertisement spending, helping health and fitness clubs generate more revenue.
• For instance, Smart Fit is one of the leaders in the fitness sector across Latin America. According to the Smart Fit company financial statement, it is mentioned that the membership base at clubs continued to grow during the first two months of 2023, adding 361,000 new members. Hence, all the above factors positively drive the health and fitness club market.

Health and Fitness Club Market Trends

Rising Health Awareness and Increasing Prevalence of Obesity Among Consumers

• In this fast-paced modern life, people don't have the time to care for their health. As a result of this neglect, there is an increase in the prevalence of numerous diseases globally. Therefore, consumers are becoming more health-conscious and eager to improve their fitness and well-being. As a result, the number of people opting for health clubs has increased. Among all diseases, the growing number of obese people globally drives up demand for fitness clubs.
• Obesity is caused mainly by a lack of exercise and poor dietary habits, which can lead to cardiovascular and lifestyle disorders. More and more individuals are adopting a healthy diet and fitness regimen, resulting in a sizable target market for the fitness business. Despite an unsteady economy, the health and fitness industry has continued to do well and become a powerhouse.
• For instance, as of 2022, according to the body mass index (BMI), Italy consisted of almost 47% of the overall population that is overweight and obese. Notably, 11.4% of Italian adults were obese, while 35% were overweight. This trend is projected to drive the global health and fitness club market.

North America Dominates the Health and Fitness Club Market

• The number of adults aged between 20 and 64, the largest gym-going demographic, has increased, spurring demand for gym memberships in the recent past in the United States. Many baby boomers are expected to sign up for health club memberships as they become more health conscious. Most multipurpose health/fitness facilities offer specialty exercise services, equipment, and programs to encourage people of all ages and fitness levels to exercise regularly. Such initiatives drive the health and fitness club market in the United States.
• For instance, in January 2022, Planet Fitness Inc. announced that it signed a definitive agreement to acquire Sunshine Fitness Growth Holdings LLC, the owner and operator of more than 100 Planet Fitness clubs in the Southeast United States, in a cash and stock transaction valued at USD 800 million. Hence, all these factors aid in boosting the growth of the Health and Fitness Club Market in this region.

Health and Fitness Club Industry Overview

The global health and fitness club market is competitive. The most active companies in the market include Planet Fitness, The Bay Club Company, Equinox Holdings Inc., Self Esteem Brand, and Town Sports International Holdings, Inc. The major strategies companies operating in the global health and fitness club market adopt are expansions, mergers, and acquisitions. Major players are focusing on expanding their geographical presence to cater to the interests of consumers and gain market share. Thus, expansion is the most preferred health and fitness club strategy.

Health and Fitness Club Market Leaders

1. Planet fitness
2. The Bay Club Company
3. Equinox Holdings Inc.
4. Self Esteem Brand
5. Town Sports International Holdings, Inc

*Disclaimer: Major Players sorted in no particular order

Health and Fitness Club Market News

• April 2023: Anytime Fitness introduced its AF SmartCoaching technology and AF App. The company asserts that this app empowers its members to achieve and maintain comprehensive health and fitness benefits.
• March 2023: Life Fitness unveiled its cutting-edge cardio, strength, and digital product innovations at the IHRSA 2023 event.
• March 2023: Bamford revealed the inauguration of a private members' fitness and health club in the Cotswolds, characterized by sustainability and a science-based approach to luxury fitness.

Health and Fitness Club Market Report - Table of Contents

1. 1. INTRODUCTION
   1. 1.1 Study Assumptions and Market Definition
   2. 1.2 Scope of the Study
   1. 4.1 Market Drivers
      1. 4.1.1 Prevalence of Obesity Among Consumers
      2. 4.1.2 Demand for Online and Hybrid Models with Customization and Personalization
      1. 4.2.1 High Operational Costs and Competitive Pricing of Memberships
      1. 4.3.1 Bargaining Power of Suppliers
      2. 4.3.2 Bargaining Power of Buyers
      3. 4.3.3 Threat of New Entrants
      4. 4.3.4 Threat of Substitute Products
      5. 4.3.5 Intensity of Competitive Rivalry
      1. 5.1 Service Type
         1. 5.1.1 Membership Fees
         2. 5.1.2 Total Admission Fees
         3. 5.1.3 Personal Training and Instruction Services
         1. 5.2.1 North America
            1. 5.2.1.1 United States
            2. 5.2.1.2 Canada
            3. 5.2.1.3 Mexico
            4. 5.2.1.4 Rest of North America
            1. 5.2.2.1 United Kingdom
            2. 5.2.2.2 Germany
            3. 5.2.2.3 Spain
            4. 5.2.2.4 France
            5. 5.2.2.5 Italy
            6. 5.2.2.6 Russia
            7. 5.2.2.7 Rest of Europe
            1. 5.2.3.1 China
            2. 5.2.3.2 Japan
            3. 5.2.3.3 India
            4. 5.2.3.4 Australia
            5. 5.2.3.5 Rest of Asia-Pacific
            1. 5.2.4.1 Brazil
            2. 5.2.4.2 Argentina
            3. 5.2.4.3 Rest of South America
            1. 5.2.5.1 South Africa
            2. 5.2.5.2 Saudi Arabia
            3. 5.2.5.3 Rest of Middle East and Africa
            1. 6.1 Most Adopted Strategies
            2. 6.2 Market Share Analysis
            3. 6.3 Company Profiles
               1. 6.3.1 Planet Fitness Inc.
               2. 6.3.2 Town Sports International Holdings Inc.
               3. 6.3.3 UFC GYM
               4. 6.3.4 Crunch Fitness
               5. 6.3.5 The Bay Club Company
               6. 6.3.6 Gold's Gym International Inc.
               7. 6.3.7 Equinox Holdings Inc.
               8. 6.3.8 24 Hour Fitness USA Inc.
               9. 6.3.9 Self Esteem Brand
               10. 6.3.10 EXOS
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               Health and Fitness Club Industry Segmentation

               Health and fitness clubs provide customers with the infrastructure for workouts and physical activities in exchange for a membership fee. The global health and fitness club market is segmented by service type and geography. Based on service type, the market is segmented into membership fees, total admission fees, and personal training and instruction services. The market is segmented by geography into established and emerging economies, including in regions such as North America, Europe, Asia-Pacific, South America, and Middle-East & Africa. For each segment, the market sizing and forecasts have been done based on value (in USD).

               Service Type
               	Membership Fees
               	Total Admission Fees
               	Personal Training and Instruction Services

               North America
               	United States
               	Canada
               	Mexico
               	Rest of North America

               Europe
               	United Kingdom
               	Germany
               	Spain
               	France
               	Italy
               	Russia
               	Rest of Europe

               Asia-Pacific
               	China
               	Japan
               	India
               	Australia
               	Rest of Asia-Pacific

               South America
               	Brazil
               	Argentina
               	Rest of South America

               Middle East and Africa
               	South Africa
               	Saudi Arabia
               	Rest of Middle East and Africa