IBISWorld Industry Market Research: The U.S. Gym, Health & Fitness Clubs Industry Is Expected To Earn Revenue Of $30.1 Billion In 2016
The industry has benefited from recent marketing campaigns aimed at fighting obesity, as well as consumer trends toward improved health. For this reason, industry research firm IBISWorld has updated a report on Gym, Health and Fitness Clubs.
NEW YORK, Nov. 23, 2016 /PRNewswire/ -- According to International Health, Racquet and Sportsclub Association (IHRSA) data, the number of health club memberships in the United States rose in 2014 (latest data available) to 54.1 million, up from 51.4 million in 2011. Over the past five years, more gym attendees have memberships to both niche establishments (e.g. yoga studios) and chain gyms.
For the full report, visit IBISWorld's Gym, Health & Fitness Clubs in the U.S. industry report page. Further driving demand for industry services, many health-conscious individuals have incorporated fitness into their daily regimen. The number of adults aged 20 to 64, the largest gym-going demographic, has grown, spurring demand for gym memberships over the period. As a result, in the five years to 2016, industry revenue is expected to grow at an annualized rate of 2.4% to $30.1 billion, including a 2.2% rise in 2016, as more consumers value fitness as a means to bolster their overall health. Over the five years to 2021, many baby boomers are expected to sign up for health club memberships as they grow more health-conscious due to their age. Consequently, industry revenue is forecast to grow over the five-year period. According to IBISWorld Industry Analyst Andrew Alvarez, "consumers are anticipated to increasingly substitute large, all-inclusive clubs for low-cost memberships, propelling industry revenue upward." Similar industries:Golf Driving Ranges & Family Fun CentersWeight Loss Services Follow IBISWorld on Twitter: https://twitter.com/#!/IBISWorldFriend IBISWorld on Facebook: http://www.facebook.com/pages/IBISWorld/121347533189IBISWorld industryReport Key Topics Industry PerformanceProducts & MarketsGlobalization & TradeMajor CompaniesOperating ConditionsKey Statistics