Market Research Future (MRFR) has published on the “Global Health and Fitness club Market”. The global health and fitness club market is projected to register a CAGR of 7.88% during the forecast period of 2024 to 2032.
Global Health and Fitness Club Market Highlights
The global health and fitness club market is accounted to register a CAGR of 7.88% during the forecast period and is estimated to reach USD 211.20 billion by 2032.
There is a higher emphasis on maintaining individual health due to rising concerns about obesity, chronic diseases, and overall wellbeing. There has been an increasing trend of obesity in recent years, and if not treated or taken action on, it can lead to other diseases such as diabetes, cardiovascular diseases, and stomach-related problems. As per the World Health Organization, one in eight people worldwide will be living with obesity in 2022. Also, it has been analyzed that worldwide adult obesity has more than doubled since 1990 and adolescent obesity has quadrupled. Moreover, some renowned associations, including the Centers for Disease Control and Prevention, reported that physical activity helps prevent unhealthy weight gain and reduces the risk of many chronic diseases, including heart disease, type 2 diabetes, and cancer.
Moreover, as per the Office of Disease Prevention and Health Promotion, there is an initiative called Healthy People 2030 that aims to focus on improving well-being and health through helping people of all ages to provide enough muscle strengthening and aerobic activity. Further, the preferences of consumers in the health and fitness industry are frequently evolving with trends like boutique fitness studios, functional training, and virtual fitness classes. Consumers are willing to approach more personalized and holistic approaches, along with gym memberships that encompass not only physical exercise but also nutritional and mental well-being factors. Moreover, increasing technological advancements such as wearable fitness devices, health apps, and online communities have taken over traditional gym memberships due to higher access to information and tools for tracking and self-monitoring their health metrics. Moreover, as per secondary analysis, people prefer online fitness programs due to their cost effectiveness, and another reason is the ease of training from home. Thus, the constant change in consumer preferences to maintain their health and fitness is posing a challenge to the global health and fitness club market.
Key Players
MRFR recognizes the following companies as the key players in the global health and fitness club market CLUB4 Fitness (US), GOLD'S GYM (US), Life Time, Inc (US), CrossFit, LLC (US), The Bay Club Company (US), Equinox (US), Crunch Fitness (US), Basic-Fit (Netherlands), Planet Fitness Inc (US), Self Esteem Brands, LLC (US), among others.
Segment Analysis
The global health and fitness club market has been segmented into facility, trainer type, end user, and membership type.
On the basis of facility, the global health and fitness club market is segmented into aerobic classes, yoga classes, swimming pools, gym equipment, and others. The gym equipment is segmented into free weight, cardiovascular equipment, and others. The gym equipment segment accounted for the largest market with a market share of over 65.14% in 2023 due to versatility of gym equipment and widespread popularity. Moreover, advancements in technology which enhances the effectiveness and efficiency of exercise routines is burgeoning the market growth.
Based on trainer type, the global health and fitness club market is segmented into personal training, group training, and self-training. The personal training segment accounted for the largest market in 2022, and self-training is anticipated to be the fastest-growing for the forecast period of 2023–2032. The trainer type segment growth is fostering due to the strong preference among consumers for personalized fitness guidance and support and the convenience and flexibility of self-training in a busy schedule, which allows individuals to exercise on their own schedule.
On the basis of end users, the global health and fitness club market is segmented into men and women. The men segment accounted for the largest share in 2023, and women segment is the fastest-growing segment during the forecast period. Traditionally favored higher male participation in fitness activities and higher demand for fitness services among women due to the benefits regular exercise such as enhanced fitness levels and stress relief are factors boosting the market growth.
The global health and fitness club market, based on membership type, is segmented into monthly and annual The monthly segment accounted for the largest market with a market share of over 52.45% in 2023 due to convenience and flexibility in fitness commitments aligning with fluctuating schedules and diverse lifestyles.
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Regional Analysis
The global health and fitness club market, based on region, has been divided into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. North America further includes US and Canada. Europe includes countries namely Germany, France, UK, Italy, Spain, and the Rest of Europe. The global health and fitness club market in Asia-Pacific has been segmented into Japan India, China, South Korea, Australia & New Zealand, and the Rest of Asia-Pacific. Moreover, the South America is bifurcated into Argentina and Rest of South America, and Middle East & Africa is segmented into GCC Countries, Turkey, Northern Africa, Southern Africa, and Rest of Middle East & Africa.
North America is the leader in the global health and fitness club market owing to the increasing health consciousness among North Americans, increasing disposable incomes, and rising incidences of obesity in the US, Canada, and Mexico. For instance, according to the World Obesity Federation, there were 26.7% of the male population suffering from obesity and 22% of the female population suffering from obesity in 2019 in Canada. Moreover, as per the International Health, Racquet & Sportsclub Association (IHRSA) and the National Health & Fitness Alliance, there was a substantial increase in health and fitness club membership in 2022. For example, Planet Fitness reported that system-wide same-store sales increased by 15.9% in the first quarter of 2022. Thus, the above-mentioned factors fuel market growth.
Further, Europe shows significant growth during the forecast period due to increasing awareness and emphasis on wellness and health among the population. Also, changing lifestyles, including physical inactivity and sedentary lifestyles, led to an increased case of diabetes and obesity. Furthermore, the industry landscape has changed due to advancements in fitness technology and the integration of digital solutions.
Furthermore, the Asia-Pacific region is the fastest-growing during the forecast period due to increasing disposable income, rising incidences of chronic conditions across the globe, and heightened awareness about health and fitness clubs among all age groups.
Moreover, major countries such as Colombia and Brazil are burgeoning with the growth of the South American health and fitness club market. As per the analysis, the population in Brazil follows and follows both traditional gym and innovative fitness club concepts. Furthermore, the rise of social media and influencers promoting fitness and healthy living has helped to boost the South American health and fitness club market. More and more people are being inspired to take charge of their health and join fitness clubs to achieve their fitness goals.
Furthermore, in recent years, the Middle East and Africa (MEA) region's health and fitness club market has expanded significantly. The UAE, particularly Dubai and Abu Dhabi, has seen a surge in the health and fitness industry. High disposable incomes, a large expatriate population, and a growing emphasis on health and wellness have all contributed to this expansion. South Africa's fitness industry is expanding, due to urbanization, rising disposable incomes, and a growing awareness of health and fitness. However, obstacles such as infrastructure limitations, economic factors, and cultural differences may hinder the growth of the fitness industry in some African countries.
Key Findings of the Study
- The global health and fitness club market is expected to reach USD 211.20 billion by 2032, at a CAGR of 7.88% during the forecast period.
- The Europe region held the second largest market share of the global market in 2023 and is the fastest-growing region, owing to the presence of huge number of active health and fitness club.
- Based on trainer type, the personal training segment held the largest market with a market share of 44.72%in 2023 and self training is the fastest-growing segment during the forecast period.
- CLUB4 Fitness (US), GOLD'S GYM (US), Life Time, Inc (US), CrossFit, LLC (US), The Bay Club Company (US), Equinox (US), Crunch Fitness (US), Basic-Fit (Netherlands), Planet Fitness Inc (US), Self Esteem Brands, LLC (US), among others are the key players in the market.
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Companies Covered | 15 |
Pages | 208 |
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