Health and Fitness Club Comprehensive Study
Saurabh More
Senior Research Analyst @ AMA Research & Media | Business Insights, Market Segmentation
About Health and Fitness Club
Nowadays, People have a hectic lifestyle and stressed out throughout the day, regular exercise helps improve health and fitness. Health is defined as a state of physical, mental and social wellbeing. Fitness is the ability or energy to meet the demand of the environment. Exercise does not only boost the energy, increase lean muscle mass, decrease the risk for certain health condition and help manage weight but also improves the mood and enable to live stronger. Health and Fitness Club allows an individual to exercise by providing the customer with health equipment for the purpose of physical exercise.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Health and Fitness Club market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.Original Temple Gym (United Kingdom), Metroflex Gym (United States), Titan Fitness (Unites States), Crunch Fitness (United States), LA Fitness International (United States), 24 Hour Fitness (United States), Equinox Fitness (United States) and Gold's Gym International (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are The Bay Club, Capital Fitness, UFC Gym and Life Time.
Segmentation Overview
AMA Research has segmented the market of Global Health and Fitness Club market by and Region.On the basis of geography, the market of Health and Fitness Club has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Service Type, the sub-segment i.e. Membership Fees will boost the Health and Fitness Club market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing inclination Towards Health Club for Fitness
Market Growth Drivers:
Growing Inclination Towards Healthy Lifestyle, Rising Demand for Health and Fitness Club Owing to Hectic Life and Stress and Growing Sports Culture and Fashion Industry
Challenges:
Rising Adoption of Yoga
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Restraints:
High Cost Associated With Health and Fitness Club
Opportunities:
Growing Acceptance in Millennials, Growing Awareness Regarding Weight Management and Rising Demand from Emerging Economics such as India, China, Brazil, and others
Market Leaders and their expansionary development strategies
In April 2023, Chuze Fitness, a family-owned health club chain with 44 existing locations across the western United States whose mission is to build healthier communities through human connections and kindness, acquired of Jacksonville-based Bailey's Health & Fitness. With 16 locations, Bailey's has been a staple in its community for over 40 years. Together, these family-owned and operated fitness companies who focus on hospitality, cleanliness, and customer service are embarking on the ultimate collaboration with the closing of this acquisition.In January 2024, Total Fitness has launched a women-only concept called The Women’s Gym in Manchester, UK. Offering a new fitness space, the concept for The Women’s Gym has been informed by interviews with more than 150 women and a wider research study in which more than 3,500 women detailed their attitudes and preferences.
Key Target Audience
Supplier, End users’ industry, Research Organization, Government Regulatory and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.
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