Health and Fitness Club Market Demand Status 2019 | Industry Analysis by Major Companies, Regions, Opportunities, and Forecast to 2024

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Health and Fitness Club

Report Titled: “Global Health and Fitness Club Market Size - Growth, Trends, and Forecast (2019 - 2024)

The Health and Fitness Club Market report 2019 provides complete information of key players across the globe. Company provides detailed analysis of market and future aspects of “Health and Fitness Club Market”. The report focuses on critical and significant data which makes the research a very important tool for experts, analysts and managers to get ready-to-access analysis.

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.
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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.
  • Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

    The report provides key statistics on the market status of the Health and Fitness Club Market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the Health and Fitness Club .

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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.

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    Health and Fitness Club Market Report Also Covers Marketing Strategy Analysis, Top Manufacturers:

  • 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
  • What Health and Fitness Club Market Report Provides:

    • Value chain analysis
    • Ecosystem analysis
    • Key players in ecosystem
    • Report highlights top manufacturers/suppliers/providers
    • Analysis of portfolio
    • Key distributors

    Some Major Points Covered in Health and Fitness Club Market Report:

    • Introduction and Market Overview
    • Industry Chain Analysis
    • Market, by Type
    • Market, by Application
    • Production, Value ($) by Region (2014-2019)
    • Production, Consumption, Export, Import by Regions (2014-2019)
    • Market Status and SWOT Analysis by Regions
    • Competitive Landscape
    • Analysis and Forecast by Type and Application
    • Analysis and Forecast by Region
    • New Project Feasibility Analysis
    • Research Finding and Conclusion

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