Global Health and Fitness Club Market 2024–2033

Reports Description

The CMI Team’s most recent market research predicts that from 2024 to 2033, the global health and fitness club market will grow at a CAGR of 8.5%. In 2023, the market size is projected to reach a valuation of USD 104.56 Billion. By 2033, the valuation is anticipated to reach USD 231.38 Billion.

Health and Fitness Club Market: Overview

A health and fitness club is an establishment that provides several types of wellness and exercise programs to enhance people’s lives. Exercise equipment such as weights, treadmills, and resistance machines are generally available at these clubs. In addition, they also have facilities like swimming pools, saunas and group classes.

Moreover, these clubs also offer nutrition counseling, personal training and other health-related services to help members reach certain wellness objectives. The health and fitness club market is driven by several variables, including growing health awareness, increasing urbanization and sedentary lifestyles, rising disposable income, diverse service offerings, a shift towards preventive healthcare and a growing corporate wellness program.

However, the high membership cost and increasing competition from At-home Fitness might hamper the expansion of the health and fitness club industry over the analysis period.

• According to secondary analysis, India’s disposable personal income hit a record high of 29,638,333,000 Indian rupees in 2023. India’s household disposable income is expected to reach US\$4.00 trillion in 2024, with a per capita disposable income of US$ 2.77k.

• According to the United Nations Report, by 2050, 68% of the world’s population—roughly 7 billion people—is predicted to reside in urban regions, up from the current 55%.

Health and Fitness Club Market: Growth Factors

Integration of health and wellness services

The integration of health and wellness services is one of the important factors propelling the expansion of the health and fitness club market. The integration of these services represents a wide approach to fitness, diet and mental health added over physical exercise. A crucial element of this integration is the provision of dietary guidance.

Many fitness facilities allow members to visit with licensed dietitians and nutritionists to develop personalized meal programs that support their exercise routines. Fitness and health clubs are also adding education services, including online courses, personal training, and access to metabolic testing equipment, to their list of services. Hot yoga studios and more designated facilities for general well-being have been added to the facility’s spaces.

Rising health awareness

People don’t have the time to care for their health in the fast-paced modern world. The prevalence of several diseases is rising worldwide due to this carelessness. As a result, customers are growing keener to enhance their fitness and general well-being and more health-conscious.

Consequently, more people are choosing to join health clubs. Fitness clubs are in high demand due to the rising number of fat people worldwide, more than any other ailment. For instance, as per the data shared by the World Health Organization, across the globe, 1 in 8 people lives with obesity.

Health and Fitness Club Market: Recent Development

The health and fitness club industry adopted several strategies, including product launches, acquisitions, collaboration, and expansion. Some of the company strategies include:

• In March 2023, Matrix Fitness, the world’s fastest-growing commercial fitness brand, announced an integration with Aplifit, a digital solutions company for sports facilities. The integration enables connected Matrix Target Training Consoles to report important user metrics to Aplifit’s system. The cloud-based integration is now available for all facilities with Matrix Target Training Cycles and Aplifit Cycling.

• In June 2024, Life Fitness partnered with Syn, a UK-based creative agency, to create a global marketing campaign for its new commercial fitness line – Symbio. With this new product line, they hope to set a new standard in commercial fitness.

These product launches and collaboration strategies have expanded the company’s market presence in the health and fitness club industry and gained its competitive edge. 

COMPARATIVE ANALYSIS OF THE RELATED MARKET

 Health and Fitness Club Market: Challenge

Increasing Competition from At-Home Fitness

The availability of at-home exercise is expected to pose a major challenge to the health and fitness club market. The home-based fitness is more appealing to a broad range of consumers. Smart treadmills, interactive stationary bikes and rowing machines are examples of home exercise equipment. The innovative technology allows consumers to develop a gym type environment in the home.

This equipment offers immersive and customized workouts, live streaming features and progress-tracking software. Furthermore, home workout equipment or monthly subscriptions to online fitness platforms are more affordable than club memberships, hampering the market expansion.

Health and Fitness Club Market: Category-Wise Insights

By Type:

The personal training segment is expected to dominate the market owing to the rising demand for personalized fitness. More members are seeking one-on-one help to develop personalized exercise regimens due to the growing emphasis on reaching certain health and wellness objectives.

Personal trainers cater to individual needs by assisting clients in achieving their goals—whether they be strength training, weight loss, or injury recovery—more quickly and safely. Furthermore, the rise of virtual and hybrid training drives the segment’s expansion.

Besides, the self-training segment is growing at a rapid rate. Since self-training is frequently the most affordable membership option, it draws many customers who might not need one-on-one training. Clubs can take advantage of this demand and boost membership volume by providing flexible membership plans, such as basic access to amenities.

By Age Group:

The segment between 20 and 40 years old captures a prominent market share in the health and fitness club industry. The demand for fitness services and gym memberships increases as people between the ages of 20 and 40 become more strongly motivated by their physical appearance and health.

To maintain a specific physique or level of physical fitness, this age group is particularly interested in strength training, cardio, and high-intensity activities.

Besides, the 40 to 55 years segment shows a rapid expansion. The segment expansion is attributable to the increasing focus of this age group on health maintenance, longevity, and functional fitness.

Report Scope

Health and Fitness Club Market: Regional Analysis

North America dominates the health and fitness club market. The growth in the region is attributed to the rising prevalence of many diseases, such as obesity and others. As per a recent survey by the CDC, in the US, 4 in 10 adults were obese.

Additionally, the increasing health awareness among the population and several clubs with modern technology influence the regional expansion.

However, the Asia Pacific is growing significantly in the global health and fitness club industry due to increasing disposable income.

List of the prominent players in the Health and Fitness Club Market:

• 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 Brand
• EXOS
• Others

The Health and Fitness Club Market is segmented as follows:

By Type

• Personal Training
• Group Training
• Self-Training

By Age Group

• Up to 20 Years
• Between 20 and 40 Years
• 40 to 55 Years
• Over 55 Years

Regional Coverage:

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Russia
• Italy
• Spain
• Netherlands
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Taiwan
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America