Consumers’ continued focus on health and wellness will keep the market heading in an upward trajectory, with revenues expected to reach $30 billion by 2021.
Albany, NY -- (SBWIRE) -- 06/16/2017 -- The Gym, Health and Fitness Clubs industry has benefited from recent marketing campaigns aimed at fighting obesity, as well as consumer trends toward improved health. Gyms are opening at a faster rate than membership growth and the health & fitness market covers a variety of gym formats, which as a result bolstering market growth. To analyze the current trends and future prospects, Market Research Hub (MRH) has recently added a study titled as "Health and Fitness Clubs - US - May 2017". The study offers readers a holistic perspective of the United States market for health and fitness clubs. Insights on major trends, growth drivers, restraints, value forecasts and opportunities for companies during the period 2017 to 2021 are provided in the report.
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A gym and health club is a fitness center that provides fitness training and health consultancy to customers. An individual can avail different kinds of services such as spa services, yoga classes and gym training by paying an enrollment and membership fee. These clubs in the U.S. had about 55 million members. Globally, more than 150 million publics were members of a health/fitness club. About 25% of people in the United States, who work out at least once a month finds that exercise, workout or sports, in general, is part of their daily routine. Almost two-thirds of people who regularly exercise are a member of health club or gym. The research finds that Health and fitness club market will grow steadily in the USA, due to some prime factors including
Growing demand for fitness centers, gyms, and health clubs from ever-increasing, health-conscious folks
Steady disposable household income encouraging demand for fitness market
Population trends impact pool of potential gym members
Obesity remains an issue in the U.S.
Further, heavy demand for industry services, many health-conscious individuals have merged fitness into their daily regimen. Additionally, the number of adults aged 20 to 64, the largest gym-going demographic, has grown, encouraging demand for gym memberships over the period. Due to the consumers' continued focus on health and wellness, the market heading will expand in an upward trajectory, with revenues expected to reach $30 billion by 2021.
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The report presents an executive summary of the market along with issues and opportunities for future of fitness in the U.S. As per the findings, health and fitness club revenues increased from 2011-16 but are predictable to soften some into the coming years, a result of the markets' heavy dependency on adults aged 18-34 and competition from digital fitness tools. Home exercising also remains a key barrier to market growth.
Moreover, key players in the market are also profiled in detail. The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
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