USA Fitness Industry Market Trends , livre ebook

Tablo Pty Ltd - Amanda L. Michel

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15 pages

English

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Description

Health and fitness clubs provide their customers with the infrastructure for their workouts and physical activity in exchange for a membership fee. The global fitness and health club industry generates more than 80 billion U.S. dollars in revenue per year. The North American market had an estimated size of more than 32 billion U.S. dollars in 2017, of which around 90 percent, around 30 billion U.S. dollars, was attributable to the United States. The United States is the single biggest market worldwide not only in terms of revenue but in regards to the number of members in health & fitness clubs as well.

Sujets

Exercise

Health

Fitness

Informations

Publié par	Tablo Pty Ltd
Date de parution	09 juillet 2019
Nombre de lectures	0
EAN13	9781925993677
Langue	English
Poids de l'ouvrage	4 Mo

Informations légales : prix de location à la page 0,0500€. Cette information est donnée uniquement à titre indicatif conformément à la législation en vigueur.

Extrait

Market Size and overview
Health and fitness clubs provide their customers with the infrastructure for their workouts and physical activity in exchange for a membership fee. The global fitness and health club industry generates more than 80 billion U.S. dollars in revenue per year. The North American market had an estimated size of more than 32 billion U.S. dollars in 2017, of which around 90 percent, around 30 billion U.S. dollars, was attributable to the United States. The United States is the single biggest market worldwide not only in terms of revenue but in regards to the number of members in health & fitness clubs as well.
The global market is fragmented with no particular chain taking a large share of the worldwide market. Market leaders are rather limited to more local (countries, geographical region) ranks. Amongst the health & fitness club companies with revenues in excess of one billion U.S. dollars in 2017 are Planet Fitness, Life Time Fitness, Anytime Fitness and ClubCorp. In 2017, a total of more than 200 thousand fitness & health clubs were in operation worldwide, of which about 38.5 thousand are located in the United States. These clubs in the U.S. had about 55 million members. Globally more than 170 million people were members of a health/fitness club.
About 25 percent of people in the United States, who work out at least once a month, say that exercise, workout or sports in general is part of their daily routine according to a Statista survey. Almost two thirds of people who regularly exercise are, or have been at some point, a member health club or gym. The main reasons for exercising are - to stay healthy, weight reduction, optimizing strength and/or endurance and to get a better looking body and improving overall appearance.
Revenue of the fitness, health and gym club industry in the United States from 2007 to 2021 (in billion U.S. dollars)
The statistic shows the revenue of the U.S. gym, health and fitness club industry from 2007 to 2021. In 2018, the gym, health and fitness club industry in the United States generated 28.8 billion U.S. dollars in revenue.
Industry Products and Services Membership fees Personal training services Guest admission Meals and beverages Merchandise sales Spa services
SWOT Analysis
Strengths Results-orientated approach to attracting and maintaining customers. A well-researched, detailed health wellness program that is long-term in focus. Intensively trained staff.
Weaknesses High costs associated with customized, personal service. The inability to work on a high volume business model. The costs of attracting a large corporate client.
Opportunities Participation within a growing market. The large increase in clients that follows with the acceptance of CF's program by a single company. The ability to leverage future quantitative analysis that supports the contention that long-term wellness programs have a significant, positive impact on a company's bottom line. As per capita disposable income rises, more individuals can purchase gym, health and fitness club memberships.
Threats Lack of immunity to an economic downturn. Potential competition from larger, well established competitors. A change in society where the individual begins to take far more responsibility for his/her health maintenance. In 2018, IBISWorld estimates that time spent on leisure and sports will decrease, representing a potential threat to the industry.
Source: International Health, Racquet and Sport Club Association (IHRSA) GDP growth per World Bank, projected Industry growth by IBISWorld.
Source: International Health, Racquet and Sport Club Association (IHRSA): Age 15+ plus per World Bank.
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