Industry revenue is growing at a slightly higher rate of 8.4% and is currently estimated at $35 billion. The US is the world’s largest health and wellness market, with 41,370 clubs, and an annual growth rate of 4.5% (pre-Covid). However, this doesn’t include all of the related industries within fitness, such as equipment, trackers, or supplements.Ģ022 Fitness Industry Market Report US Fitness Market Size In terms of fitness market growth, this is an increase of 1 million members since 2019 (a slower growth rate than previous years). The global health club market is worth approximately $96.7 billion, with 210,000 clubs and over 184 million members worldwide. Plus, investors and banks are more likely to be supportive, if you can demonstrate that fitness is a growth industry.
Learning how big players like Fitness First and Anytime Fitness are performing can give you franchise and competitive insights. Understanding the size of the opportunity, predicted growth, and current trends will help you create a solid business plan. If you’re currently running (or thinking of starting) a fitness business, then it’s important to have a good grasp of the market. In this article – we’ve collated the latest fitness market data and statistics so that you have all of the essential information in one place… Despite setbacks in 2020, the sector has demonstrated how quickly it can adapt with online and virtual training now mainstream activities. The fitness market is evolving at an incredible pace, with new business models, training concepts, and trends emerging constantly.
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