Health and Fitness Club Market Size
| Study Period | 2018 - 2028 |
| Market Size (2023) | USD 87.07 Billion |
| Market Size (2028) | USD 154.21 Billion |
| CAGR (2023 - 2028) | 12.11 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Health and Fitness Club Market Analysis
The Health and Fitness Club Market size is expected to grow from USD 87.07 billion in 2023 to USD 154.21 billion by 2028, at a CAGR of 12.11% during the forecast period (2023-2028).
Post-COVID-19, the industry has seen a spike in memberships around the globe that has matched to some extent and even exceeded the numbers recorded in years past on account of increased fitness consciousness among the young population. Consumers are willing to spend more on health and fitness clubs, with the health aspects playing a key role in global market growth. The rising number of health clubs and gyms with personal training and the latest fitness equipment attracts consumers to join health and fitness clubs, likely influencing market growth over the coming years. In addition, a large part of the boom in the market can be attributed to the boom in online courses.
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 consumers, further supporting market growth. Fitness clubs offer attractive membership fees, and increasing marketing and advertisement spending are helping health and fitness clubs generate more revenue.
Health and Fitness Club Market Trends
This section covers the major market trends shaping the Health & Fitness Club Market according to our research experts:
Rising Health Awareness and Increasing Obesity Among Consumers
In this fast-paced modern life, people don’t have the time to take care of their health. As a result of this neglect, there is an increase in the prevalence of numerous diseases globally. Therefore, consumers are becoming more health-conscious and eager to improve their fitness and well-being. As a result, the number of people opting for health clubs has increased. Among all diseases, the growing number of obese people globally drives up demand for fitness clubs. Obesity is caused mostly by a lack of exercise and poor dietary habits, which can lead to cardiovascular and lifestyle disorders. More and more individuals are adopting a healthy diet and fitness regimen to live a longer and happier life, resulting in a sizable target market for the fitness business. Despite an unsteady economy, the health and fitness industry has continued to do well and become a powerhouse. As per independent research, in 2021, 1% of the population went to a gym in India compared to 20-25% in the United States and Europe. The pandemic brought a renewed focus on the health and wellness market, which is expected to drive growth for the industry further. This trend is projected to drive the global health and fitness club market.
North America Dominates the Health and Fitness Club Market
Rising health awareness and increasing obesity among consumers in the United States are likely to support market growth in the region. The number of adults aged between 20 and 64, the largest gym-going demographic, has increased, spurring demand for gym memberships in the recent past in the United States. As a result, many baby boomers are expected to sign up for health club memberships as they become more health-conscious. 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 regular exercise. Such initiatives are driving the health and fitness club market in the United States. Some examples are LA Fitness Irvine, Life Time Fitness Chanhassen, and MN.
Health and Fitness Club Industry Overview
The most active companies in the health and fitness club market globally include Planet Fitness, Town Sports International Holdings Inc., UFC GYM, Crunch Fitness, Gold's Gym International Inc., 24 Hour Fitness USA Inc., and Self Esteem Brand, among others. The major strategies companies operating in the global health and fitness club market are expansions, mergers, and acquisitions. Major players are focusing on expanding their geographical presence to cater to the interests of consumers and gain market share. Thus, expansion is the most preferred strategy in the health and fitness club market.
Health and Fitness Club Market Leaders
Planet fitness
The Bay Club Company
Equinox Holdings Inc.
Self Esteem Brand
Town Sports International Holdings, Inc
*Disclaimer: Major Players sorted in no particular order
Health and Fitness Club Market News
- In June 2022, RSG Group GMBH opened a premium fitness and wellness concept club HEIMAT, in 75,000 square feet spread across five floors in Los Angeles.
- In February 2022, Planet Fitness Inc. and Pla-Fit Holdings (together with the company, the “Buyers”) acquired 100% of the equity interests of franchisee Sunshine Fitness Growth Holdings, LLC, a Delaware limited liability company, and Planet Fitness franchisee (“Sunshine Fitness”). Sunshine Fitness operates 114 locations in Alabama, Florida, Georgia, North Carolina, and South Carolina. The strategy behind this move was to expand the company’s business.
- In January 2022, Grand Fitness Partners, one of the largest franchisees within the Planet Fitness group, announced that it had acquired a portfolio of 13 Planet Fitness locations across Virginia from the Asbell Group.
- In January 2022, Planet Fitness Inc. announced that it had signed a definitive agreement to acquire Sunshine Fitness Growth Holdings LLC, the owner, and operator of more than 100 Planet Fitness clubs in the Southeast United States, in a cash and stock transaction valued at USD 800 million.
Health and Fitness Club Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Buyers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Service Type
5.1.1 Membership Fees
5.1.2 Total Admission Fees
5.1.3 Personal Training and Instruction Services
5.2 By 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 United Kingdom
5.2.2.2 Germany
5.2.2.3 Spain
5.2.2.4 France
5.2.2.5 Italy
5.2.2.6 Russia
5.2.2.7 Rest of Europe
5.2.3 Asia-Pacific
5.2.3.1 China
5.2.3.2 Japan
5.2.3.3 India
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 Rest of South America
5.2.5 Middle East and Africa
5.2.5.1 South Africa
5.2.5.2 Saudi Arabia
5.2.5.3 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 Planet Fitness Inc.
6.4.2 Town Sports International Holdings Inc.
6.4.3 UFC GYM
6.4.4 Crunch Fitness
6.4.5 The Bay Club Company
6.4.6 Gold's Gym International Inc.
6.4.7 Equinox Holdings Inc.
6.4.8 24 Hour Fitness USA Inc.
6.4.9 Self Esteem Brand
6.4.10 EXOS
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Health and Fitness Club Industry Segmentation
Health and fitness clubs provide customers with the infrastructure for workouts and physical activities in exchange for a membership fee.
The global health and fitness club market is segmented by service type and geography. Based on service type, the market is segmented into membership fees, total admission fees, and personal training and instruction services. The market is segmented by geography, which provides the market for health and fitness clubs in established and emerging economies worldwide, including in regions such as North America, Europe, Asia-Pacific, South America, and Middle-East & Africa. For each segment, the market sizing and forecasts have been done based on value (in USD billion).
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| Membership Fees | |
| Total Admission Fees | |
| Personal Training and Instruction Services |
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Health and Fitness Club Market Research FAQs
How big is the Health and Fitness Club Market?
The Health and Fitness Club Market size is expected to reach USD 87,073.72 million in 2023 and grow at a CAGR of 12.11% to reach USD 154,208.70 million by 2028.
What is the current Health and Fitness Club Market size?
In 2023, the Health and Fitness Club Market size is expected to reach USD 87,073.72 million.
Who are the key players in Health and Fitness Club Market?
Planet fitness, The Bay Club Company, Equinox Holdings Inc., Self Esteem Brand and Town Sports International Holdings, Inc are the major companies operating in the Health and Fitness Club Market.
Which is the fastest growing region in Health and Fitness Club Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2023-2028).
Which region has the biggest share in Health and Fitness Club Market?
In 2023, the North America accounts for the largest market share in the Health and Fitness Club Market.
Health and Fitness Club Industry Report
Statistics for the 2023 Health and Fitness Club market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Health and Fitness Club analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.
