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Gym and Health Clubs Market to grow by USD 20.31 Billion in 2020, Bev Francis Powerhouse Gym and Equinox Holdings Inc. Emerge as Key Contributors to Market Growth | Technavio

January 4, 2021 GMT
Technavio has announced its latest market research report titled Global Gym and Health Clubs Market 2020-2024 (Graphic: Business Wire)
Technavio has announced its latest market research report titled Global Gym and Health Clubs Market 2020-2024 (Graphic: Business Wire)

LONDON--(BUSINESS WIRE)--Jan 4, 2021--

Technavio has been monitoring the gym and health clubs market and it is poised to grow by USD 20.31 billion during 2020-2024, progressing at a CAGR of almost 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210104005436/en/

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Technavio has announced its latest market research report titled Global Gym and Health Clubs Market 2020-2024 (Graphic: Business Wire)

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Impact of COVID-19

The COVID-19 pandemic continues to transform the growth of various industries. However, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the gym and health clubs market. The market growth in 2020 is likely to decrease compared to the market growth in 2019.

Frequently Asked Questions-

  • Based on segmentation by service, which is the leading segment in the market?

  • The personal training and instruction services are expected to be the leading segment based on services in the global market during the forecast period.

  • What are the major trends in the market?

  • Rising cost of healthcare services is one of the major trends in the market.

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  • At what rate is the market projected to grow?

  • Growing at a CAGR of almost 4%, the incremental growth of the market is anticipated to be USD 20.31 billion.

  • Who are the top players in the market?

  • Bev Francis Powerhouse Gym, Equinox Holdings Inc., Golds Gym International Inc., Metroflex Gym, Original Temple Gym, Planet Fitness Inc., Titan Manufacturing and Distributing Inc., Town Sports International Holdings Inc., UFC Gym, and Virgin Active Ltd. are some of the major market participants.

  • What are the key market drivers and challenges?

  • The rising number of fitness centers and health clubs is one of the major factors driving the market. However, the dearth of trained workforce restraints the market growth.

  • How big is the North America market?

  • The North America region will contribute to 34% of market growth.

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Bev Francis Powerhouse Gym, Equinox Holdings Inc., Golds Gym International Inc., Metroflex Gym, Original Temple Gym, Planet Fitness Inc., Titan Manufacturing and Distributing Inc., Town Sports International Holdings Inc., UFC Gym, and Virgin Active Ltd. are some of the major market participants. The rising number of fitness centers and health clubs will offer immense growth opportunities. In a bid to help players strengthen their market foothold, this gym and health clubs market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.

Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Gym and Health Clubs Market 2020-2024: Segmentation

Gym and Health Clubs Market is segmented as below:

  • Service
    • Membership Fees
    • Personal Training and Instruction Services
    • Total Admission Fee
  • Geographic Landscape
    • North America
    • Europe
    • APAC
    • South America
    • MEA

To learn more about the global trends impacting the future of market research, download a free sample:https://www.technavio.com/talk-to-us?report=IRTNTR44222

Gym and Health Clubs Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The gym and health clubs market report covers the following areas:

  • Gym and Health Clubs Market Size
  • Gym and Health Clubs Market Trends
  • Gym and Health Clubs Market Analysis

This study identifies rising cost of healthcare services as one of the prime reasons driving the gym and health clubs market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Gym and Health Clubs Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist gym and health clubs market growth during the next five years
  • Estimation of the gym and health clubs market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the gym and health clubs market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of gym and health clubs market vendors

Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Service

  • Market segments
  • Comparison by Service
  • Membership fees - Market size and forecast 2019-2024
  • Personal training and instruction services - Market size and forecast 2019-2024
  • Total admission fee - Market size and forecast 2019-2024
  • Market opportunity by Service

Customer Landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • APAC - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Bev Francis Powerhouse Gym
  • Equinox Holdings Inc.
  • Golds Gym International Inc.
  • Metroflex Gym
  • Original Temple Gym
  • Planet Fitness Inc.
  • Titan Manufacturing and Distributing Inc.
  • Town Sports International Holdings Inc.
  • UFC Gym
  • Virgin Active Ltd.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

     

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com:https://www.businesswire.com/news/home/20210104005436/en/

CONTACT: Technavio Research

Jesse Maida

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UK: +44 203 893 3200

Email:media@technavio.com

Website:www.technavio.com/

KEYWORD:

INDUSTRY KEYWORD: FITNESS & NUTRITION HEALTH

SOURCE: Technavio Research

Copyright Business Wire 2021.

PUB: 01/04/2021 08:32 AM/DISC: 01/04/2021 08:32 AM

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