Health and Fitness Club provide people, access to controlled environmental condition space and services focused on health and fitness in exchange for a fee. Presently, various attractive membership fees offered by fitness and health clubs, increasing spending on advertisement and marketing, are helping the fitness and health clubs to attract mass segments. Rising awareness among people to avail healthy lifestyle and an increasing number of lifestyle-oriented diseases are some major forces, contributing towards the growth of the health and fitness club market globally. Changing lifestyle and eating habits have led to a significant rise in lifestyle-oriented diseases such as obesity, heart disease, and diabetes. This is increasing the value and necessity of being fit and healthy. People are realizing the importance of exercise and physical activity in order to prevent such diseases from occurring due to unhealthy lifestyles. According to Obesity Statistics (2018), a significant rise in adult obesity is observed from 23.6% in 2006 to 26.2% in 2016. This is significantly driving the importance of health and fitness clubs, thereby contributing towards market growth. Apart from this, modernization, rising disposable income in developing countries, rising number of fitness clubs and gyms are expected to create a positive impact on the growth of the market over the forecast period.
Global Health and Fitness club Market is valued approximately at USD 87.64 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 7.7% over the forecast period 2019-2026 and is estimated to reach USD 154.24 billion by 2026.
The regional analysis of the Global Health and Fitness club market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the surging number of gymnasiums and fitness clubs, escalating number of individuals indulging into Fitness clubs which includes both male and female population along with escalating obesity rate. Whereas, Europe is also anticipated to exhibit the highest growth rate / CAGR over the forecast period 2019-2026. Factors such as escalating number of individuals joining gyms, the presence of many fitness organization chains along a surging number of health & fitness clubs would create lucrative growth prospects for the Health and Fitness club market across the European region.
Major market players included in this report are 24 Hour Fitness, Gold’s Gym International, Inc, Equinox, Life Time, Inc. Planet Fitness, McFIT GmbHVirgin Active, CrossFit Inc, and Fitness First
The detailed segments and sub-segment of the market are explained below:
By Service Type: Membership fees, Total admission fees, Personal Training and instruction services
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