Health and Fitness Club Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 109.70 Billion |
| Market Size (2029) | USD 182.96 Billion |
| CAGR (2024 - 2029) | 10.77 % |
| Fastest Growing Market | North America |
| Largest Market | North America |
| Market Concentration | Low |
Major Players.webp){kind=logo}
*Disclaimer: Major Players sorted in no particular order |
Health and Fitness Club Market Analysis
The Health And Fitness Club Market size is estimated at USD 109.70 billion in 2024, and is expected to reach USD 182.96 billion by 2029, at a CAGR of 10.77% during the forecast period (2024-2029).
Driven by heightened health consciousness and lifestyle changes, consumers are increasingly investing in health and fitness clubs. As chronic health issues like obesity and diabetes rise, more individuals are turning to gyms and fitness centers to maintain their well-being. The adoption of advanced equipment in health clubs has attracted a surge in memberships, especially from those seeking high-performance workouts. Furthermore, fitness chains are broadening their market share by launching hybrid studios that seamlessly blend physical facilities with digital services. This shift not only helped operators regain their pre-pandemic revenues but also opened up new income avenues through digital subscriptions and virtual training. The growing influence of social media, amplified by vigorous marketing from fitness studios, is shaping global trends. The rise of budget gyms and affordable fitness clubs, coupled with health clubs rolling out enticing discounts, tailored packages, and loyalty programs, highlights this trend. Franchising is emerging as a preferred strategy for fitness chains eyeing expansion in developing markets. Simultaneously, companies are actively seeking public and private equity investments and forging equipment partnerships to fuel their global footprint. These companies are diversifying their offerings, from workout regimens to personal training. For example, in March 2024, Equinox Holdings Inc. inaugurated its inaugural gym in Philadelphia, spanning 37,000 sq. ft. The new center boasts services like cycling, yoga, pilates, and barre, alongside personalized training and meal planning.
Health and Fitness Club Market Trends
Health and Fitness Clubs Witness Surge in Memberships Amid Rising Wellness Awareness
As global awareness of health and wellness surges, gyms and fitness centers are witnessing an influx of new members. Premium memberships, along with monthly and quarterly subscription options, have become popular. Flexible and cost-effective cancellation policies further entice consumers to commit to fitness club memberships. This burgeoning segment has not only boosted revenues for health and fitness clubs but has also spurred industry development. In densely populated developing nations, unisex health and fitness clubs are becoming increasingly popular. These clubs offer a valuable opportunity for health investment and fitness pursuits, even in space-limited areas. Fitness centers and gyms are diversifying their offerings, presenting a variety of training programs and membership packages. Such memberships not only draw in new clientele but also play a pivotal role in retaining existing members, due to perks tied to equipment and services. Common membership benefits encompass discounted rates, access to fitness instructors, and added amenities. Highlighting the trend, in May 2024, Equinox Holdings Inc. rolled out its premium membership program, "Optimize by Equinox," tagged at a hefty USD 40,000 annually. This exclusive "Optimize" membership boasts three weekly 60-minute training sessions with a top-tier trainer. Moreover, members enjoy two monthly half-hour consultations with a nutrition coach, another two with a sleep coach, and a complimentary monthly massage therapy session.
North America Dominates the Market
In the United States, heightened consumer awareness about health and fitness is propelling the growth of the health and fitness club market, boosting the demand for wellness club memberships. Data from the Bureau of Labor Statistics in 2023 revealed that 21.2% of the US population participated in sports, exercise, and recreational activities. Meanwhile, urbanization and the rise of desk jobs have led many Canadians to become less active during work hours. According to the International Monetary Fund in 2023, Canada's workforce comprised 20.18 million individuals. As a result, gyms and fitness centers have emerged as accessible solutions, providing opportunities for Canadians to counteract this sedentary trend and enhance their health. In Mexico, a nation grappling with one of the world's largest obesity rates, data from the Ministry of Health in 2023 highlighted alarming figures: 67.6% of those aged 20-39, 83.4% of individuals between 40-59, and 74.4% of seniors over 60 were classified as overweight or obese. These rising obesity rates have spurred a surge in commercial gyms and fitness centers, capitalizing on the pressing health concern. Consequently, health and fitness trends from the US, Canada, and Mexico are resonating with consumers in the region, amplifying the demand for health clubs. Businesses are seizing this momentum, capitalizing on the growing consumer enthusiasm for physical activities and wellness, thus fueling market growth.
Health and Fitness Club Industry Overview
The global health and fitness club market is highly competitive, with numerous global players vying for dominance. These players are launching new clubs and health programs, tailoring them to evolving consumer preferences, and actively expanding their regional presence. By doing so, they aim to diversify their customer base and capture a larger market share. Key strategies employed by these companies include expansions, mergers, and acquisitions. Notable players in this arena include Planet Fitness, 24-Hour Fitness Worldwide Inc., Equinox Holdings Inc., Life Time Group Holdings, Inc., and RSG Group GmbH.
Health and Fitness Club Market Leaders
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Planet fitness
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Equinox Holdings Inc.
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24-Hour Fitness Worldwide Inc.
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Life Time Group Holdings, Inc.
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RSG Group GmbH
*Disclaimer: Major Players sorted in no particular order
Health and Fitness Club Market News
- November 2024: Leejam Sports launched a new Fitness Time center exclusively for men in Riyadh, featuring state-of-the-art facilities and services that define the brand. The center is equipped with premium sports equipment and boasts modern hall designs.
- November 2024: Leejam Sports opened four new centers, including its first-ever Ladies' Center. Both the Men's and Ladies' Centers are located in the Alshifa district of Al-Rass city, Qassim Province. Meanwhile, Al-Qunfidah city in Makkah Province celebrates the opening of its first Men's Center and debut Ladies' Center, both situated in the Alburj district.
- November 2024: Alta Global Group partnered with UFC GYM to launch the inaugural 20-week Warrior Training Program at UFC GYM Costa Mesa and UFC GYM Huntington Beach in California. Through this alliance, Alta intends to integrate its innovative products and programs into UFC GYM's expansive network of over 150 gyms globally.
Health And Fitness Club Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.1.1 Rising Health Consciousness and Prevalence of Obesity Among Consumers
4.1.2 Social Media Revolutionizing the Fitness Industry
4.2 Market Restraints
4.2.1 Introduction of Self-Operated E-Health Platforms
4.3 Porter's Five Forces Analysis
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Buyers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Service Type
5.1.1 Membership Fees
5.1.2 Personal Training and Instruction Services
5.1.3 Other Service Types
5.2 Geography
5.2.1 North America
5.2.1.1 United States
5.2.1.2 Canada
5.2.1.3 Mexico
5.2.1.4 Rest of North America
5.2.2 Europe
5.2.2.1 United Kingdom
5.2.2.2 Germany
5.2.2.3 Spain
5.2.2.4 France
5.2.2.5 Italy
5.2.2.6 Russia
5.2.2.7 Rest of Europe
5.2.3 Asia-Pacific
5.2.3.1 China
5.2.3.2 Japan
5.2.3.3 India
5.2.3.4 Australia
5.2.3.5 Rest of Asia-Pacific
5.2.4 South America
5.2.4.1 Brazil
5.2.4.2 Argentina
5.2.4.3 Rest of South America
5.2.5 Middle East and Africa
5.2.5.1 South Africa
5.2.5.2 Saudi Arabia
5.2.5.3 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Planet Fitness Inc.
6.3.2 Crunch Fitness
6.3.3 The Bay Club Company
6.3.4 Equinox Holdings Inc.
6.3.5 24 Hour Fitness Worldwide, Inc.
6.3.6 Self Esteem Brands, LLC
6.3.7 EXOS
6.3.8 Leejam Sports Company
6.3.9 Endeavor Operating Company, Llc.
6.3.10 Rsg Group Gmbh
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Health and Fitness Club Industry Segmentation
Health clubs, often called gyms, fitness centers, or health spas, provide exercise equipment for physical activities. These venues can operate as for-profit commercial entities or as community-supported centers, catering to both serious athletes and casual users alike.
The global market for health and fitness clubs is divided by service type and geography. Service types include membership fees, personal training and instruction services, and other offerings. Geographically, the market spans established and emerging economies across North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.
Market sizing and forecasts for each segment are based on value (in USD).
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| Membership Fees | |
| Personal Training and Instruction Services | |
| Other Service Types |
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Health And Fitness Club Market Research Faqs
How big is the Health And Fitness Club Market?
The Health And Fitness Club Market size is expected to reach USD 109.70 billion in 2024 and grow at a CAGR of 10.77% to reach USD 182.96 billion by 2029.
What is the current Health And Fitness Club Market size?
In 2024, the Health And Fitness Club Market size is expected to reach USD 109.70 billion.
Who are the key players in Health And Fitness Club Market?
Planet fitness, Equinox Holdings Inc., 24-Hour Fitness Worldwide Inc., Life Time Group Holdings, Inc. and RSG Group GmbH are the major companies operating in the Health And Fitness Club Market.
Which is the fastest growing region in Health And Fitness Club Market?
North America is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Health And Fitness Club Market?
In 2024, the North America accounts for the largest market share in Health And Fitness Club Market.
What years does this Health And Fitness Club Market cover, and what was the market size in 2023?
In 2023, the Health And Fitness Club Market size was estimated at USD 97.89 billion. The report covers the Health And Fitness Club Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Health And Fitness Club Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Health And Fitness Club Industry Report
The Health and Fitness Club Market report provides a comprehensive industry analysis, focusing on various service types such as membership fees, personal training & instruction service, and other service types. The report offers a detailed market overview, including industry trends and industry statistics, which are essential for understanding the current market dynamics.
The market research encompasses a broad industry outlook, offering insights into market growth and market segmentation across different geographical regions like North America, Europe, Asia-Pacific, South America, and Middle East and Africa. This market forecast is crucial for stakeholders to make informed decisions based on the predicted market value and market data.
In addition, the industry reports include an industry profile and industry sales, which highlight the market leaders and their performance. The report also provides a market review, detailing the market predictions and market growth rate, which are key indicators of future market performance.
The report example and report pdf available offer a snapshot of the comprehensive research conducted, making it a valuable resource for research companies. The industry research and industry information provided in the report ensure that readers have access to the latest market outlook and industry size.
Overall, the Health and Fitness Club Market report is an essential tool for anyone looking to gain in-depth knowledge of the market, its trends, and future forecasts.
Health And Fitness Club Market Report Snapshots
