South Korea Health and Fitness Club Market Size
| Study Period | 2024 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 4.32 Billion |
| Market Size (2029) | USD 6.95 Billion |
| CAGR (2024 - 2029) | 9.96 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
South Korea Health and Fitness Club Market Analysis
The South Korea Health And Fitness Club Market size is estimated at USD 4.30 billion in 2024, and is expected to reach USD 6.30 billion by 2029, growing at a CAGR of 9.87% during the forecast period (2024-2029).
South Koreans have become increasingly health-conscious in recent years, driven by factors such as an aging population, growing awareness of preventive healthcare, and the influence of global wellness trends. This heightened focus on personal health and well-being has fueled the demand for fitness and wellness services. Moreover, attractive membership fees offered by fitness clubs and increasing spending on marketing and advertisement are helping health and fitness clubs generate more revenue.
Additionally, the rising number of health and fitness clubs across the country, along with the increasing equipment and facility spaces in these 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, which is further supporting market growth. According to the Ministry of Culture, Sports, and Tourism, in 2021, the country was home to around 11.1 thousand registered fitness centers.
Moreover, owing to changing government norms, lifestyle, trends, mentality, and increasing health consciousness among the population, along with an increase in the female population, this scenario is gradually changing. The demand for female-specific services and fitness centers has already started picking up, and this trend is expected to continue in the future.
South Korea Health and Fitness Club Market Trends
Growing Prevalence of Gyms and Fitness Centers Driving the Market
Consumers' shift toward a healthy lifestyle is driving the demand for health and fitness club services. The rising prominence of sports activities, celebrity endorsements, international sports and fitness events, social media influence, and various government initiatives and campaigns, such as the National Fitness 100 project (by the National Sports Promotion Act of Korea in March 2021), is encouraging Koreans to take part in various fitness and sports-related activities, thus contributing to the increasing expenditure on a healthy lifestyle.
Moreover, South Korea has witnessed an elevated trend nationwide in the number of registered fitness centers in the past decade. Furthermore, health and fitness clubs encompass a holistic approach to health and wellness and have become one-stop destinations for individuals seeking comprehensive wellness solutions. Fitness clubs offer services like group fitness classes, personal training, nutritional counseling, and spa amenities to lure more consumers and provide access to fitness professionals, trainers, and wellness experts. The rising focus of consumers on health and wellness and an increasing number of consumers joining health and fitness clubs to stay fit and active encourages health and fitness clubs to take strategic initiatives like expansions, which are likely to augment the growth of the South Korean health and fitness club market.
Strong Demand for Personal Training Driving Market Growth
The demand for experienced personal trainers and fitness instructors in South Korea has grown over the past years due to a rise in the obese or overweight population, as well as a growing interest in personalized workout schedules. In this fast-paced modern life, people do not have the time to take care of their health. As a result, there is an increase in the prevalence of numerous lifestyle diseases. Some people are overweight due to slow metabolism or genetics, while others may be due to a lack of physical activity. Personal trainers can provide the necessary support, guidance, and accountability to help individuals achieve their fitness goals. Thus, consumers are increasingly seeking personalized health and fitness services. Furthermore, most traditional brick-and-mortar gyms do not provide much education on health and fitness.
Additionally, the aging population in South Korea is increasing, and with it, the demand for personal instructors is rising. Older people have different fitness needs compared to younger millennials. The seniors need to train to stay healthy; however, they are more susceptible to injuries and other issues. According to the Ministry of the Interior and Safety (South Korea), in 2023, the number of people aged 65 and older in South Korea was estimated to be 9.73 million.
South Korea Health and Fitness Club Industry Overview
The South Korean health and fitness club market is competitive due to the presence of various gyms and fitness centers that provide better services to maintain their position in the market studied. The number of memberships in gyms and fitness centers has considerably increased, and this is expected to keep rising over the forecast period. Major players in the market include James Gym Fitness Center, Punho Boxing Club, Fit Club Seoul, Lfl Co. Ltd (4tp Fitness), N&Co., and GoTo, holding a significant position in the market studied and embarking on business strategies including partnerships, strengthening their hold over online and offline marketing, and mergers & acquisitions to expand their visibility. Additionally, key players are using digital and social media advertisements to make consumers aware of health and fitness services.
South Korea Health and Fitness Club Market Leaders
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James Gym Fitness Center
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Punho Boxing Club
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Fit Club Seoul
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Lfl Co. Ltd (4tp Fitness)
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N&company Goto
*Disclaimer: Major Players sorted in no particular order
South Korea Health and Fitness Club Market News
- April 2024: Gangnam District Office opened a "smart fitness center" for elderly residents in Seoul, South Korea. The new gym center is filled with artificial intelligence-based fitness equipment. The smart fitness center is filled with AI-powered monitors installed in strength training machines, which helps users continuously monitor their exerted force during strength training and adjust the weight of the devices accordingly.
- March 2024: Ma Dong Seok, a South Korean–US actor, launched a new gym named Big Punch Boxing Club across South Korea. The gym's opening was graced by a South Korean rapper named SUGA from the BTS band.
- June 2021: Jamaica Fitness opened a new Gangnam BangBang with more fitness facilities, instructors, and programs across South Korea. This gym is considered one of the highest-satisfaction gyms by its members in the country.
South Korea 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 Penetration of Gyms and Fitness Centers
4.1.2 Influence of Healthy Lifestyle Trends
4.2 Market Restraints
4.2.1 Rise in Popularity of Outdoor Activities and Home Gym
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Service Type
5.1.1 Membership Fees
5.1.2 Personal Training and Instruction Services
5.1.3 Other Service Types
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Company Profile
6.2.1 James Gym Fitness Center
6.2.2 Punho Boxing Club
6.2.3 Fit Club Seoul
6.2.4 Lfl Co. Ltd (4tp Fitness)
6.2.5 N&company Goto
6.2.6 Samsung Leports Center
6.2.7 Star Kali Fitness
6.2.8 10th Planet Jiu Jitsu
6.2.9 Hit Fit Boxing Lounge
6.2.10 Jamaica Fitness Co. Ltd
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
South Korea Health and Fitness Club Industry Segmentation
Health and fitness club commercial establishments have members who pay a fee to use their health and fitness facilities. The South Korean health and fitness club market is segmented by service. The market is segmented by service type into membership fees, personal training and instruction services, and other service types. For each segment, the market sizes and forecasts have been offered based on value (USD).
| By Service Type | |
| Membership Fees | |
| Personal Training and Instruction Services | |
| Other Service Types |
South Korea Health and Fitness Club Market Research FAQs
How big is the South Korea Health And Fitness Club Market?
The South Korea Health And Fitness Club Market size is expected to reach USD 4.32 billion in 2024 and grow at a CAGR of 9.96% to reach USD 6.95 billion by 2029.
What is the current South Korea Health And Fitness Club Market size?
In 2024, the South Korea Health And Fitness Club Market size is expected to reach USD 4.32 billion.
Who are the key players in South Korea Health And Fitness Club Market?
James Gym Fitness Center, Punho Boxing Club, Fit Club Seoul, Lfl Co. Ltd (4tp Fitness) and N&company Goto are the major companies operating in the South Korea Health And Fitness Club Market.
What years does this South Korea Health And Fitness Club Market cover, and what was the market size in 2023?
In 2023, the South Korea Health And Fitness Club Market size was estimated at USD 3.89 billion. The report covers the South Korea Health And Fitness Club Market historical market size for years: . The report also forecasts the South Korea Health And Fitness Club Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
South Korea Health and Fitness Club Industry Report
Statistics for the 2024 South Korea Health And Fitness Club market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South Korea Health And Fitness Club analysis includes a market forecast outlook for 2024 to (2024to2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
South Korea Health and Fitness Club Market Report Snapshots
