Dublin, Oct. 10, 2023 (GLOBE NEWSWIRE) -- The "Global Boutique Fitness Studio Market (2023 Edition): Regional and Country Analysis By Number of Studios, Brand Share, Membership Cost, Studio Type, Exercise Type: Market Insights and Forecast (2019-2029)" report has been added to ResearchAndMarkets.com's offering.
The boutique fitness industry is experiencing remarkable growth, with the global market projected to reach a staggering USD 79.66 billion by the end of 2029, as compared to USD 48 billion in 2022. This surge in popularity can be attributed to the unique and meticulously curated experience offered by boutique fitness studios.
Boutique fitness studios stand out from generic gym settings with their trendy decor, specialized equipment, and inviting ambiance. This distinctive approach has captivated fitness enthusiasts worldwide, driving the demand for boutique fitness.
According to the report, during the forecast period of 2024-2029, the global boutique fitness market is expected to expand at an impressive CAGR of 7.63%. Factors such as a growing population and urbanization rate are fueling the boutique fitness market's upward trajectory.
One key advantage of boutique fitness studios is their flexibility, offering a range of class times throughout the day to accommodate busy schedules. This flexibility empowers individuals to seamlessly integrate workouts into their daily routines.
The Americas, encompassing North, Central, Latin, and South America, emerge as a prominent market for Boutique Fitness Studio Types. Boutique studios excel in building strong brand identities and effective marketing strategies, targeting specific demographics and fitness niches. Despite their higher costs compared to traditional gyms, boutique fitness enthusiasts willingly pay a premium for the unique experience, specialized classes, and personalized attention they receive.
Many boutique fitness studios foster a sense of community among their members through smaller class sizes and intimate atmospheres. This camaraderie enhances motivation, accountability, and overall satisfaction.
Furthermore, boutique studios prioritize helping clients achieve specific fitness goals, whether it's weight loss, muscle building, flexibility improvement, stress reduction, or athletic performance. Tailored workouts and goal-oriented programs attract individuals seeking tangible results.
Key Highlights of the Report:
- The report analyzes the Boutique Fitness Market by Value (USD Million) and Volume (Number of Studios).
- Historical data for the period of 2019-2022, the estimated year 2023, and the forecast period of 2024-2029 are presented.
- The Boutique Fitness Market is analyzed by Studio Type (Gym, Health and fitness Clubs, Corporate Offices, and Other Studio Types).
- Exercise Types include HIIT, Functional Strength, Yoga, Pilates, Barre, Boxing, and Other Exercise Types.
- Ownership categories comprise Franchised and Standalone studios.
- End-User segmentation is split into Male and Female clientele.
- The report provides insights through SWOT and Porter's Five Forces Analysis.
- Market attractiveness is assessed by Country.
- Major opportunities, trends, drivers, and challenges in the industry are analyzed.
- Competitive developments, strategies, mergers and acquisitions, and new product development are tracked, with companies such as Xponential Fitness, F45 Training, Orangetheory, 9Round, Burn Boot Camp, Barry's Bootcamp, Cure.Fit, L'Orange Bleue, Trib3, and SoulCycle under scrutiny.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 220 |
| Forecast Period | 2024 - 2029 |
| Estimated Market Value (USD) in 2024 | $55.16 Billion |
| Forecasted Market Value (USD) by 2029 | $79.66 Billion |
| Compound Annual Growth Rate | 7.6% |
| Regions Covered | Global |
Key Topics Covered:
1. Market Background
2. Strategic Recommendations
3. Global Boutique Fitness Studio Market: Historic and Forecast (2019-2029)
4. Americas Boutique Fitness Studio Market: An Analysis (2019-2029)
5. Europe Boutique Fitness Studio Market: An Analysis (2019-2029)
6. Asia Pacific Boutique Fitness Studio Market: An Analysis (2019-2029)
7. Middle East & Africa Boutique Fitness Studio Market
8. Market Dynamics
9. Industry Ecosystem Analysis
10. Competitive Positioning
For more information about this report visit https://www.researchandmarkets.com/r/ate4c8
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