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Analysis of Health and Fitness Club Market 2019-2024: Industry Trends, Share, Size, Price, Revenue, Business Strategy, Production Technology Forecast to 2024

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The “Health and Fitness Club Market” research report 2019-2024 delivers comprehensive information and valuable insights about the Health and Fitness Club industry. The information available in the Health and Fitness Club market report is not only based on the facts but also on the case studies, which analysts have included to convey appropriate information to the clients in a well-versed manner. Health and Fitness Club market report includes valuable information to assist new entrants, as well as established players, to understand the prevailing trends in the market.

Some Companies Are Covered in the Health and Fitness Club Market:

  • Planet Fitness Inc.
  • Town Sports International Holdings Inc.
  • UFC GYM
  • Crunch Fitness
  • The Bay Club Company
  • Gold’s Gym International Inc.
  • Equinox Holdings Inc.
  • 24 Hour Fitness USA Inc.
  • Self Esteem Brands LLC
  • EXOS
  • LTF Holdings INC.
  • LA Fitness International LLC
  • Goodlife Fitness

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    Market Overview:

  • The health and fitness club market was valued at USD 94.30 billion in 2018, and it is expected to reach USD 147.11 billion by 2024, witnessing a CAGR of 7.81% during the forecast period, 2019-2024. Consumers are willing to spend more on health and fitness club, with health aspect playing as a key role to drive the market growth across the world. The rising number of health clubs and gym with personal training and latest fitness equipment is attracting consumers to join the health and fitness clubs, which is likely to influence the market growth in upcoming years. Increasing equipment and facility spaces in fitness clubs, such as hot yoga studios, high altitude training rooms, metabolic testing equipment, medical exercise areas, and day spas are gaining popularity among the consumers, which is further supporting the market growth. Attractive membership fees offered by fitness clubs, increasing spending on marketing and advertisement, are helping the health and fitness clubs to generate more revenue.

    Scope of the Report:

  • The health and fitness club market report offers key insights into the latest developments. Based on the service type, the market is further segmented into membership fees, total admission fees, and personal training and instruction services. The geographical segmentation offers holistic, as well as specific market sentiments of every region around the world, along with their representative countries.

    Reasons for Buying Health and Fitness Club Market Report:

    • This report provides pin-point analysis for changing competitive dynamics
    • It provides a forward looking perspective on different factors driving or restraining market growth
    • It provides a five-year forecast assessed on the basis of how the market is predicted to grow
    • It helps in understanding the key product segments and their future
    • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
    • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

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    Key Market Trends:

    Increasing Inclination Toward Health Clubs for Fitness

    Globally, increased consumption of unhealthy food and sugar is causing obesity, which leads to diabetes, heart disease, and high blood pressure. The rise in awareness among millennials has resulted in an increase in expenditure on healthy lifestyle and fitness activities, which is encouraging them to join fitness clubs. Moreover, Gen X is more likely to be the consumer of health clubs than any other demographic, so health clubs are focusing to keep this consumer segment engaged, and continuing to invest in their gym and health memberships by offering personalized service offerings. Due to intense competition in the market, key players are trying to distinguish their service offerings by providing a unique value proposition and benefits to survive in the highly competitive environment, which is encouraging more people to join the fitness and health clubs.

    North America Dominates the Global Market

    The US health and fitness club market was valued at USD 31.81 billion in 2018, registering a CAGR of 7.95% during the forecast period. Rising health awareness and increasing obesity among consumers in the United States are likely to support the market growth in the region. The number of adults aged from 20 to 64, who are the largest gym-going demographic, has increased, spurring demand for gym memberships in the recent past. As a result, many baby boomers are expected to sign up for health club memberships, as they become more health conscious with age. Most multipurpose health/fitness facilities offer a wide variety of specialty exercise services, equipment, and programs designed to encourage people of all ages and fitness levels to participate in a regular exercise that drives the health and fitness club market in the United States. Some examples are LA Fitness Irvine and Life Time Fitness Chanhassen, MN, and many more.

    Health and Fitness Club Market Report Provides Comprehensive Analysis of:

    • Functional market industry outline
    • Up and downstream industry examination
    • Channels and propositions believability
    • Market challenge by key players
    • Enhancement suggestions examination

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    Report Highlights:

    • Market Dynamics – Drivers, Restraints, and Opportunities
    • Market Segmentation – Types, Applications, Regions, and Technology
    • Market Trends
    • Competitive Landscape
    • SWOT Analysis and Porter’s Five Forces Analysis

    Detailed TOC of Health and Fitness Club Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Market Drivers
    4.3 Market Restraints
    4.4 Porter Five Forces Framework
    4.4.1 Bargaining Power of Suppliers
    4.4.2 Bargaining Power of Buyers
    4.4.3 Threat of New Entrants
    4.4.4 Threat of Substitute Products and Services
    4.4.5 Degree of Competition

    5 MARKET SEGMENTATION
    5.1 Service Type
    5.1.1 Membership Fees
    5.1.2 Total Admission Fees
    5.1.3 Personal Training and Instruction Services
    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 Germany
    5.2.2.2 United Kingdom
    5.2.2.3 France
    5.2.2.4 Russia
    5.2.2.5 Spain
    5.2.2.6 Rest of Europe
    5.2.3 Asia – Pacific
    5.2.3.1 China
    5.2.3.2 India
    5.2.3.3 Japan
    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 South Africa
    5.2.4.4 Rest of South America
    5.2.5 Middle East & Africa
    5.2.5.1 South Africa
    5.2.5.2 United Arab Emirates
    5.2.5.3 Rest of Middle East & 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 Town Sports International Holdings Inc.
    6.3.3 UFC GYM
    6.3.4 Crunch Fitness
    6.3.5 The Bay Club Company
    6.3.6 Gold’s Gym International Inc.
    6.3.7 Equinox Holdings Inc.
    6.3.8 24 Hour Fitness USA Inc.
    6.3.9 Self Esteem Brands LLC
    6.3.10 EXOS
    6.3.11 LTF Holdings INC.
    6.3.12 LA Fitness International LLC
    6.3.13 Goodlife Fitness

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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