United States Health & Fitness Club Market Size, Share, and COVID-19 Impact Analysis, By Type (Personal Training, Group Training, and Self-Training), By Age Group (Up to 20 years, Between 20 and 40 years, 40 to 55 years, and Over 55 years), and United States Health & Fitness Club Market Insights, Industry Trend, Forecasts to 2033
Industry: Consumer GoodsUnited States Health & Fitness Club Market Insights Forecasts to 2033
- The U.S. Health & Fitness Club Market Size Was valued at USD 4.40 Billion in 2023.
- The Market Size is Growing at a CAGR of 4.69% from 2023 to 2033
- The U.S. Health & Fitness Club Market Size is expected to reach USD 6.96 Billion by 2033
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The United States Health & Fitness Club Market Size is anticipated to exceed USD 6.96 Billion by 2033, Growing at a CAGR of 4.69% from 2023 to 2033. The growing move towards preventative healthcare is driving the growth of the health & fitness club market in the US.
Market Overview
Health and fitness clubs are places that offer exercise equipment and activities for the purpose of full-body wellness. A wide range of amenities, including swimming pools, fitness equipment, steam rooms, physical therapy, group sports, and healthy snack bars, are provided by health and fitness clubs. They also provide amenities like swimming pools, saunas, and personal trainers in addition to offering group fitness classes like yoga and spin as well as access to cardio and strength training equipment. Health and fitness clubs are associated with health-promoting behaviours as they offer a structured and supportive environment for individuals to achieve their fitness goals, thereby contributing to overall well-being and a sustained commitment to a healthy lifestyle. To draw in more members and provide additional revenue streams, clubs are placing a strong emphasis on growing their offerings. Examples of this include the introduction of digital workouts, activity tracking, and equipment instruction via mobile and smartphone applications.
Report Coverage
This research report categorizes the market for the US health & fitness club market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the United States health & fitness club market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the US health & fitness club market.
United States Health & Fitness Club Market Report Coverage
Report Coverage | Details |
---|---|
Base Year: | 2023 |
Market Size in 2023: | USD 4.40 Billion |
Forecast Period: | 2023 - 2033 |
Forecast Period CAGR 2023 - 2033 : | 4.69% |
2033 Value Projection: | USD 6.96 Billion |
Historical Data for: | 2019 - 2022 |
No. of Pages: | 190 |
Tables, Charts & Figures: | 110 |
Segments covered: | By Type, By Age Group |
Companies covered:: | 24 Hour Fitness Worldwide, Inc., Gold’s Gym International, Inc., Planet Fitness, Inc., LA Fitness International LLC, Anytime Fitness LLC, Equinox Holdings, Inc., Crunch Fitness, and Others |
Pitfalls & Challenges: | COVID-19 Empact, Challenge, Future, Growth, & Analysis |
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Driving Factors
The growing emphasis on health and fitness owing to a sedentary lifestyle boosts the demand for well-being and employee wellness initiatives leading to drive the market demand for health & fitness clubs. The increasing concerns about health due to the growing prevalence of obesity and other lifestyle-related health issues surge the demand for healthy lifestyle choices as well as maintaining physical fitness. Further, the integration of technological advancements in fitness equipment and wearable technologies is promoting market growth.
Restraining Factors
The high membership costs & increasing preference for home workouts are hampering the market for health & fitness club.
Market Segmentation
The United States Health & Fitness Club Market share is classified into type and age group.
- The personal training segment dominates the market with a significant market share during the forecast period.
The United States health & fitness club market is segmented by type into personal training, group training, and self-training. Among these, the personal training segment dominates the market with a significant market share during the forecast period. In personal training, a personal trainer is hired by the client to help to achieve their fitness goals. They provide expert advice and safe training methods. The increasing awareness and popularity of physical fitness activities as well as growing per capita disposable income in the country are responsible for driving the market growth.
- The between 20 and 40 years segment dominates the US health & fitness club market during the forecast period.
Based on the age group, the U.S. health & fitness club market is divided into up to 20 years, between 20 and 40 years, 40 to 55 years, and over 55 years. Among these, the between 20 and 40 years segment dominates the US health & fitness club market during the forecast period. People of the age group between 20 and 40 years are actively seeking out ways to improve their physical fitness. They incorporate regular exercise into their daily routines. As per IHRSA research, 30.9% of gym memberships are held by those aged 18 to 34.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the U.S. health & fitness club market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- 24 Hour Fitness Worldwide, Inc.
- Gold’s Gym International, Inc.
- Planet Fitness, Inc.
- LA Fitness International LLC
- Anytime Fitness LLC
- Equinox Holdings, Inc.
- Crunch Fitness
- Others
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Developments
- In July 2024, LA Fitness acquired XSport Gyms, Expanding in NY, Chicago. Fitness International, operator of LA Fitness and several other gym brands, has acquired XSport Fitness in a move that would expand Fitness International’s presence in New York, Chicagoland, and Virginia as it assumes 35 XSport gym locations.
- In February 2022, Planet Fitness, Inc. (together with its subsidiaries, the "Company") announced that it has completed its previously announced acquisition of Sunshine Fitness Growth Holdings, LLC ("Sunshine Fitness") and refinancing transaction.
Market Segment
This study forecasts revenue at U.S., regional, and country levels from 2020 to 2033. Spherical Insights has segmented the United States Health & Fitness Club Market based on the below-mentioned segments:
US Health & Fitness Club Market, By Type
- Personal Training
- Group Training
- Self-Training
US Health & Fitness Club Market, By Age Group
- Up to 20 years
- Between 20 and 40 years
- 40 to 55 years
- Over 55 years
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