The health and fitness club market size is envisioned to have a transformative uplift of US$ 302.0 billion by 2034, up from US$ 124.7 billion in 2024. Likely to grow at 9.2% CAGR through 2034, the market is foreseen to broaden extensively.
| Attributes | Key Statistics |
|---|---|
| Health and Fitness Club Market Value (2024) | US$ 124.7 billion |
| Forecast Market Value (2034) | US$ 302.0 billion |
| Estimated Growth (2024 to 2034) | 9.2% CAGR |
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Boutique Fitness Studio
Demand for Boutique fitness centers has risen, particularly among millennials and Gen-Z. These fitness centers cater to individuals ready to pay a premium price for a curated workout experience. Rise of social media and influencer culture is making fitness a more attractive lifestyle choice.
With people spending half their time on social media, the craze to keep themselves in shape and look more attractive has added to these centers. This trend of bodybuilding, zero-figure, and fresh skin has added weight to the growth of the gym and health clubs market.
Corporatization of Jobs
The modern way of life is characterized by long working hours, which makes people stagnant with no body movements. Due to this increasing urbanization and a sedentary lifestyle, people are now more focused on their health to stay active. This, in turn, is also boosting the growth of corporate well-being programs and employee wellness initiatives, contributing to the overall demand for fitness clubs.
Health Concerns
Awareness about the importance of physical fitness and healthy lifestyle choices is a key factor driving the market of gyms and health fitness clubs. With the western lifestyle, the emergence of a snacking culture has heightened obesity and health issues.
Considering the rising incidence of chronic diseases in developed and developing economies, health and fitness chains in the market are introducing awareness campaigns and free trial periods for more entries. This attracts a substantial consumer base to the market.
Rising disposable income and changing consumer preferences contribute to increased health and wellness spending.
Conveniently Located Fitness Clubs
Thriving construction industry is giving rise to a greater number of apartments offering perks like fitness clubs and yoga centers. The availability of free or concessional fitness centers induces people to visit them more. This has upsurged the workout club market overall.
Technological Advancements
Advancements in technology have led to the development of new fitness equipment and wearable technology, attracting more consumers to fitness clubs. Wearables and mobile tracking trends have escalated the sense of fitness from the young to the older generation. The subconscious behavior of fulfilling this health target adds to the gym industry crowd.
Lack of awareness among the target audience regarding the benefits of health and fitness clubs is stymying the market growth of gyms or fitness clubs. Easy accessibility to a plethora of information on social media and short video platforms is forcing the general public to work out from their homes instead of joining expensive fitness clubs.
Limited accessibility of the club, specifically in areas with no proper transportation facilities, and thus high membership fees discourage potential clients from joining the club. Thus, the availability of low-cost alternative fitness options such as homework out of outdoor activities deters the health and fitness club market.
Shortage of skilled fitness trainers and instructors leads to poor quality of service, which upsets the clients on moving forward to fitness goals. Shortcomings of innovation and creativity in terms of fitness programs and classes offered by clubs demotivate the younger and older generations to go off track.
Fitness clubs are no longer relegated to being construed as halls for the wealthy. Affordable plans and a focus on fitness among consumers with tight purses is seeing the consumer base for fitness clubs widen.
Principal Consultant
Technology has played a vital role in the shift of personalized workout plans, nutrition guidance, and progress tracking. With a 9.0% CAGR, personal training is skyrocketing in the health and fitness club market through 2034.
| Attributes | Details |
|---|---|
| Top Type | Personal Training |
| CAGR (2024 to 2034) | 9.0% |
Celebrities play a significant role in shaping fitness trends and popularizing exercise routines. These celebrities often opt for personal trainers and thus personal training. This tendency among the affluent population is setting bars for personal training.
The trend of boutique fitness studios with smaller class sizes and high-quality personal trainers is catering to individuals who seek a tailored fitness experience. Personalization has become a key trend in the fitness industry as people are now more focused on goals and preferences and are seeking prioritized attention. The market of personal training in the health and fitness industry has been uplifted by promoting engagement and adherence to fitness regimes.
Age groups between 20 and 40 years are drawing the market statistics with an 8.8% CAGR for 2024 to 2034.
| Attributes | Details |
|---|---|
| Age Group | Between 20 and 40 Years |
| CAGR (2024 to 2034) | 8.8% |
Age group of 20 and 40 years desire a healthy lifestyle and are more health conscious. They are more likely to prioritize fitness and seek to connect with more people. Cities are a hub of opportunity to realize this potential of fitness, and younger are mostly shifting to cities for the betterment of their future. With this, the rising disposable income and lifestyle changes caused the growth of the gymnasium industry in these age groups.
The age group of 20 to 40 years is most likely to be connected with their appearance and seek out ways to improve their physique. Health and fitness clubs offer access to equipment and facilities that can help them achieve their aesthetic goals.
Convenience of location and flexible hours for workouts are other factors that make it easier for this age group to fit gym schedules into their busy lives.
In parallel with the above information, countries must adopt ongoing trends and expand their boundaries with innovative approaches. The fashion of staying in shape has infected people of all age groups. Personal appearance and health concerns are key factors emerging as social causes with benefits for people by people.
The countries mentioned reflect their consumers' preferences, age groups, climatic variations, and thus beauty scales, acquiring companies to increase market share. We are subjecting India, China, Japan, the United States, and South Korea here.
| Countries | CAGR through 2034 |
|---|---|
| South Korea | 11.1% |
| Japan | 10.9% |
| United Kingdom | 10.3% |
| China | 9.9% |
| United States | 9.6% |
South Korean virtual reality workouts have become a rage, allowing users a more immersive fitness experience. This technological advancement in South Korea has boosted the sweating experience with an 11.1% CAGR through 2034.
Versatility in fitness programs and offerings suggests the breadth of South Korean gym culture. The fashion industry, models, and influencers of South Korea have given a tough fight to the world, sparking results in fitness.
From yoga to CrossFit to aqua aerobics, the diversity shows the country's adaptability and willingness to participate in various fitness and wellness sectors. The health and fitness club market in South Korea is upsurging, with many new investors and companies contributing to this sector.
The emphasis of Japanese people on public awareness and fitness education reveals its depth in the health and fitness sector. The hectic lifestyle and lack of work-life balance have influenced the fitness center market in Japan. With a 10.9% CAGR, Japan is a prominent player in the fitness club market. Corporates in Japan provide incentives to their employees in the form of fitness club subscriptions and memberships, lifting the market growth
Japan, with its morning radio calisthenics tradition, radiates the embedding of fitness in daily life. With an adapted culture that educates its people about fitness, ensuring its longevity and growth, Japan has broadened its interest in fitness and gym industries.
The fusion of technology with fitness is a running trend in the United Kingdom. The country embraces this merger, offering smart equipment and virtual fitness solutions. This highlights the progressive gym culture in the countries, with a CAGR of 10.3% from 2024 to 2034.
The United Kingdom's population is one of the most sports-loving communities in the world, with an affinity to different sports like football, cricket, rugby, etc. This has invoked a kind of fitness in the running generation, aiding the popularity of fitness clubs and health centers.
The rise of boutique fitness studios, offering everything from spinning to HIIT to yoga, testifies to the country’s evolving gym culture. Events like the London Marathon draw international attention, while local initiatives promote community fitness and well-being.
Rising urbanization, which leads to a sizeable middle-class population, keeps the fitness club market on the right track in China. With a CAGR of 9.9% through 2034, the country is upticking the list in emerging markets.
Obesity and healthcare concerns among Chinese are key actors driving the fitness culture and uplifting the fitness club market in China. Trends like functional fitness, mental wellness, and holistic health have found their way into the gym culture. Gyms now integrate services like meditation, nutrition workshops, and recovery zones, evolving into wellness hubs in China.
Fitness has a rich history in the United States, making it a prominent player in the industry. According to IHRSA Data, more than 71.5 million individuals in the USA made use of health clubs in 2018, and the graph has green-flagged the market in the coming years with a 9.6% CAGR through 2034. Judging by these numbers, the United States leads the way, with the most gyms and the highest gym attendance rates.
Athletic lifestyle is bolstered by the continuing popularity of sports, especially due to recent sporting successes such as winning the cricket World Cup in 2023, which ensures that fitness clubs remain as popular as ever.
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The health and fitness club market is a highly competitive industry, with many key players vying for a market share. Some of the biggest companies in this space include 24 Hour Fitness, Gold's Gym, Anytime Fitness, Equinox, LA Fitness, and Planet Fitness. These companies offer a range of services and amenities, from advanced equipment and personalized training to group classes and spa treatments.
Each company has its plethora of offerings with the thought of expansion. This, with the ever-lasting spirit of physical health care, is opening doors for many companies to compete despite the presence of big players. As the concerns are going to rise with changing times, the expansion of the health and fitness club market has big grounds to cover.
Recent Advancements
The health and fitness club market is set to reach US$ 124.7 billion in 2024.
The health and fitness club market is expected to reach US$ 302.0 billion by 2034.
The health and fitness club market is expected to grow at a CAGR of 9.2% from 2024 to 2034.
Personal health and fitness club training increased at a CAGR of 9.0% through 2034.
The market in South Korea is expected to progress at a CAGR of 11.1% through 2034.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
4.1. Historical Market Size Value (US$ Million) Analysis, 2019 to 2023
4.2. Current and Future Market Size Value (US$ Million) Projections, 2024 to 2034
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) Analysis By Type, 2019 to 2023
5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Type, 2024 to 2034
5.3.1. Personal Training
5.3.2. Group Training
5.3.3. Self-Training
5.4. Y-o-Y Growth Trend Analysis By Type, 2019 to 2023
5.5. Absolute $ Opportunity Analysis By Type, 2024 to 2034
6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Age Group
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) Analysis By Age Group, 2019 to 2023
6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Age Group, 2024 to 2034
6.3.1. Up to 20 Years
6.3.2. 20 to 40 Years
6.3.3. 40 to 55 Years
6.3.4. Above 55 Years
6.4. Y-o-Y Growth Trend Analysis By Age Group, 2019 to 2023
6.5. Absolute $ Opportunity Analysis By Age Group, 2024 to 2034
7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ Million) Analysis By Region, 2019 to 2023
7.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2024 to 2034
7.3.1. North America
7.3.2. Latin America
7.3.3. Western Europe
7.3.4. Eastern Europe
7.3.5. South Asia and Pacific
7.3.6. East Asia
7.3.7. Middle East and Africa
7.4. Market Attractiveness Analysis By Region
8. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
8.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
8.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
8.2.1. By Country
8.2.1.1. USA
8.2.1.2. Canada
8.2.2. By Type
8.2.3. By Age Group
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Type
8.3.3. By Age Group
8.4. Key Takeaways
9. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
9.2.1. By Country
9.2.1.1. Brazil
9.2.1.2. Mexico
9.2.1.3. Rest of Latin America
9.2.2. By Type
9.2.3. By Age Group
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Type
9.3.3. By Age Group
9.4. Key Takeaways
10. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
10.2.1. By Country
10.2.1.1. Germany
10.2.1.2. UK
10.2.1.3. France
10.2.1.4. Spain
10.2.1.5. Italy
10.2.1.6. Rest of Western Europe
10.2.2. By Type
10.2.3. By Age Group
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Type
10.3.3. By Age Group
10.4. Key Takeaways
11. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
11.2.1. By Country
11.2.1.1. Poland
11.2.1.2. Russia
11.2.1.3. Czech Republic
11.2.1.4. Romania
11.2.1.5. Rest of Eastern Europe
11.2.2. By Type
11.2.3. By Age Group
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Type
11.3.3. By Age Group
11.4. Key Takeaways
12. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
12.2.1. By Country
12.2.1.1. India
12.2.1.2. Bangladesh
12.2.1.3. Australia
12.2.1.4. New Zealand
12.2.1.5. Rest of South Asia and Pacific
12.2.2. By Type
12.2.3. By Age Group
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Type
12.3.3. By Age Group
12.4. Key Takeaways
13. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
13.2.1. By Country
13.2.1.1. China
13.2.1.2. Japan
13.2.1.3. South Korea
13.2.2. By Type
13.2.3. By Age Group
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Type
13.3.3. By Age Group
13.4. Key Takeaways
14. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
14.2.1. By Country
14.2.1.1. GCC Countries
14.2.1.2. South Africa
14.2.1.3. Israel
14.2.1.4. Rest of MEA
14.2.2. By Type
14.2.3. By Age Group
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Type
14.3.3. By Age Group
14.4. Key Takeaways
15. Key Countries Market Analysis
15.1. USA
15.1.1. Market Share Analysis, 2023
15.1.1.1. By Type
15.1.1.2. By Age Group
15.2. Canada
15.2.1. Market Share Analysis, 2023
15.2.1.1. By Type
15.2.1.2. By Age Group
15.3. Brazil
15.3.1. Market Share Analysis, 2023
15.3.1.1. By Type
15.3.1.2. By Age Group
15.4. Mexico
15.4.1. Market Share Analysis, 2023
15.4.1.1. By Type
15.4.1.2. By Age Group
15.5. Germany
15.5.1. Market Share Analysis, 2023
15.5.1.1. By Type
15.5.1.2. By Age Group
15.6. UK
15.6.1. Market Share Analysis, 2023
15.6.1.1. By Type
15.6.1.2. By Age Group
15.7. France
15.7.1. Market Share Analysis, 2023
15.7.1.1. By Type
15.7.1.2. By Age Group
15.8. Spain
15.8.1. Market Share Analysis, 2023
15.8.1.1. By Type
15.8.1.2. By Age Group
15.9. Italy
15.9.1. Market Share Analysis, 2023
15.9.1.1. By Type
15.9.1.2. By Age Group
15.10. Poland
15.10.1. Market Share Analysis, 2023
15.10.1.1. By Type
15.10.1.2. By Age Group
15.11. Russia
15.11.1. Market Share Analysis, 2023
15.11.1.1. By Type
15.11.1.2. By Age Group
15.12. Czech Republic
15.12.1. Market Share Analysis, 2023
15.12.1.1. By Type
15.12.1.2. By Age Group
15.13. Romania
15.13.1. Market Share Analysis, 2023
15.13.1.1. By Type
15.13.1.2. By Age Group
15.14. India
15.14.1. Market Share Analysis, 2023
15.14.1.1. By Type
15.14.1.2. By Age Group
15.15. Bangladesh
15.15.1. Market Share Analysis, 2023
15.15.1.1. By Type
15.15.1.2. By Age Group
15.16. Australia
15.16.1. Market Share Analysis, 2023
15.16.1.1. By Type
15.16.1.2. By Age Group
15.17. New Zealand
15.17.1. Market Share Analysis, 2023
15.17.1.1. By Type
15.17.1.2. By Age Group
15.18. China
15.18.1. Market Share Analysis, 2023
15.18.1.1. By Type
15.18.1.2. By Age Group
15.19. Japan
15.19.1. Market Share Analysis, 2023
15.19.1.1. By Type
15.19.1.2. By Age Group
15.20. South Korea
15.20.1. Market Share Analysis, 2023
15.20.1.1. By Type
15.20.1.2. By Age Group
15.21. GCC Countries
15.21.1. Market Share Analysis, 2023
15.21.1.1. By Type
15.21.1.2. By Age Group
15.22. South Africa
15.22.1. Market Share Analysis, 2023
15.22.1.1. By Type
15.22.1.2. By Age Group
15.23. Israel
15.23.1. Market Share Analysis, 2023
15.23.1.1. By Type
15.23.1.2. By Age Group
16. Market Structure Analysis
16.1. Competition Dashboard
16.2. Competition Benchmarking
16.3. Market Share Analysis of Top Players
16.3.1. By Regional
16.3.2. By Type
16.3.3. By Age Group
17. Competition Analysis
17.1. Competition Deep Dive
17.1.1. Equinox Group
17.1.1.1. Overview
17.1.1.2. Product Portfolio
17.1.1.3. Profitability by Market Segments
17.1.1.4. Sales Footprint
17.1.1.5. Strategy Overview
17.1.1.5.1. Marketing Strategy
17.1.2. Gold's Gym International, Inc.
17.1.2.1. Overview
17.1.2.2. Product Portfolio
17.1.2.3. Profitability by Market Segments
17.1.2.4. Sales Footprint
17.1.2.5. Strategy Overview
17.1.2.5.1. Marketing Strategy
17.1.3. Life Time, Inc.
17.1.3.1. Overview
17.1.3.2. Product Portfolio
17.1.3.3. Profitability by Market Segments
17.1.3.4. Sales Footprint
17.1.3.5. Strategy Overview
17.1.3.5.1. Marketing Strategy
17.1.4. Planet Fitness Franchising, LLC
17.1.4.1. Overview
17.1.4.2. Product Portfolio
17.1.4.3. Profitability by Market Segments
17.1.4.4. Sales Footprint
17.1.4.5. Strategy Overview
17.1.4.5.1. Marketing Strategy
17.1.5. CrossFit, LLC
17.1.5.1. Overview
17.1.5.2. Product Portfolio
17.1.5.3. Profitability by Market Segments
17.1.5.4. Sales Footprint
17.1.5.5. Strategy Overview
17.1.5.5.1. Marketing Strategy
17.1.6. The Bay Club Company
17.1.6.1. Overview
17.1.6.2. Product Portfolio
17.1.6.3. Profitability by Market Segments
17.1.6.4. Sales Footprint
17.1.6.5. Strategy Overview
17.1.6.5.1. Marketing Strategy
17.1.7. 24 Hour Fitness USA, LLC
17.1.7.1. Overview
17.1.7.2. Product Portfolio
17.1.7.3. Profitability by Market Segments
17.1.7.4. Sales Footprint
17.1.7.5. Strategy Overview
17.1.7.5.1. Marketing Strategy
17.1.8. CRUNCH FITNESS
17.1.8.1. Overview
17.1.8.2. Product Portfolio
17.1.8.3. Profitability by Market Segments
17.1.8.4. Sales Footprint
17.1.8.5. Strategy Overview
17.1.8.5.1. Marketing Strategy
17.1.9. Basic-Fit
17.1.9.1. Overview
17.1.9.2. Product Portfolio
17.1.9.3. Profitability by Market Segments
17.1.9.4. Sales Footprint
17.1.9.5. Strategy Overview
17.1.9.5.1. Marketing Strategy
17.1.10. SATS Group
17.1.10.1. Overview
17.1.10.2. Product Portfolio
17.1.10.3. Profitability by Market Segments
17.1.10.4. Sales Footprint
17.1.10.5. Strategy Overview
17.1.10.5.1. Marketing Strategy
18. Assumptions & Acronyms Used
19. Research Methodology
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Health and Fitness Club Market
