Gurugram, India, May 11, 2023 (GLOBE NEWSWIRE) -- The Global Fitness Services Market is fragmented and has high intensified competition within industry players. Top players such as LA Fitness, Life Time Fitness, 24 Hour Fitness, and Anytime Fitness are the key players in Global Fitness Services Market. The market is largely driven by growing awareness about importance of health, the rising disposable incomes worldwide.
1. The pandemic helped the global fitness app market reach a valuation of nearly $4 billion in 2020
Fitness Apps Such as Fitbit Cure. Fit and Home Workout and Others are Enabling the Fitness Market to grow more in the coming years. The advent of fitness apps has played a key role in the increased popularity of exercising throughout the nation. This has encouraged health awareness and exercising to become an essential trend, which has been burgeoning among people in the world. The market size of the fitness industry in world reached more than USD 200 billion in 2021, with a robust CAGR.
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2. There Are More Than 180 Mn Gym Members in Total Worldwide: Showing Growing Health Awareness Amongst the People
Fitness industry is growing to be biggest in the world as more and more people are increasingly taking up gym membership in lieu of growing health awareness and stress management. During the forecast period, the increasing sense of health-consciousness amongst the consumers is expected to stimulate the demand for taking fitness services.
3. There Are More Than 200,000 Gyms Available to Members Worldwide
Fitness clubs provide customers with the infrastructure for their workouts and physical activity in exchange for a membership fee. The market size of the global fitness industry has been steadily increasing in recent years. Some of the largest health clubs worldwide in terms of revenue include 24 Hour Fitness and Life Time Fitness. At the very top of this list sits LA Fitness, which generated revenue exceedingly around 2 billion U.S. dollars in 2018. Moreover, the country with the most gyms is the United States with 41,370 locations. Brazil has the 2nd most gyms with around 29,000 and Mexico has the 3rd most with around 12,000.
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Market Taxonomy
By Market Structure
- Organized
- Unorganized
By Revenue Stream
- Membership
- Personal Trainer
- Supplementary Services
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By Subscription
- 3 months
- 6 months
- 1 year
- Others
By Gender
- Male
- Female
By Geography
- North America-USA, Canada, Mexico:
- Europe-France, Italy, Germany, Spain, UK, Rest of Europe:
- Asia Pacific-China, India, Japan, South Korea, Australia, Rest of Asia Pacific:
- LAMEA-Latin America, Middle East, Africa
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Global Fitness Market
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According to Ken Research estimates, the France Fitness Services Market which grew at a CAGR of ~% from 2017-2022 & is forecasted to grow at a CAGR of ~% from 2023-2027F driven by increase in health & fitness consciousness. Focus on growing health and fitness consciousness, increasing obesity and lifestyle are major factor contributing towards development of Fitness Service Services in France. Market Growth is driven by increase in number of clubs all over the country, driving a total increase in members.
According to Ken Research estimates, the Germany Fitness Services Market which grew at a CAGR of ~% from 2017-2022 & is forecasted to grow at a CAGR of ~% from 2023-2027F driven by increase in health & fitness consciousness. Focus on growing health and fitness consciousness, increasing obesity and lifestyle are major factor contributing towards development of Fitness Service Services in Germany. Market Growth is driven by increase in number of clubs all over the country, driving a total increase in members.
According to Ken Research estimates, the Bahrain Fitness Services market – which grew from approximately ~% in 2017 to approximately ~% in 2022P – is forecasted to grow further into ~% opportunity by 2027F. The Bahrain Fitness Services market contributed to a global growth rate of ~%. Bahrain Fitness Services market has recorded robust growth over the last few years, offering exciting opportunities for fitness companies. preventative health care is becoming increasingly popular. Instead of prescribing medicine, professionals are now thinking about lifestyle changes. Increased pressure on healthcare systems from chronic diseases is a major concern in many developing countries. The rise in preventable diseases means the need for healthy eating plans, fitness instruction, and flexible exercise is at an all-time high.
According to Ken Research estimates, Nigeria Fitness Service Market grew from approximately NGN ~ Bn in 2017 to approximately NGN ~ Bn in 2022 – is forecasted to grow further into NGN ~ Bn opportunity by 2027F, owing to the rising disposable income of consumers, increasing focus on fitness and healthy lifestyle among the population. 61% of Nigerian women indicated their interest in sport, with many of them involved in fitness and lifestyle enhancement regimes. In Nigeria, a growing number of hotel chains are providing a lot of wellness services complemented by an innovative variety of fitness classes such as Yoga, Gym, Zumba or HIIT, and other membership plans for their customers. Fitness apps and Virtual Classes are gaining wide popularity in Nigeria, especially after the covid period.
According to Ken Research estimates, the Kuwait Fitness Service Market – which grew from approximately KWD ~ Mn in 2017 to approximately KWD ~ Mn in 2022 – is forecasted to grow further into KWD ~ Mn opportunity by 2027F, owing to the demand for female trainers, rise in health consciousness and changing lifestyle. Increasing awareness about the consequences of lifestyle related diseases such as obesity that include high blood pressure, heart strokes, and diabetes are expected to intensify the number of subscribers in Kuwait. Studios are expected to adapt to the online space post pandemic and expand their offerings by providing digital fitness application with personalized training and highly discounted one-on-one virtual personal training sessions.
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