Health And Fitness Club Market Size, Share, Opportunities, And Trends By Service Type (Membership Fees, Total Admission Fees, Personal Training & Instruction Service, Others), And By Geography - Forecasts From 2023 To 2028

The health and fitness club market is projected to grow significantly due to the number of people choosing health and wellness clubs due to expanding health consciousness, rising consumer disposable income, and rising rates of ailments including high blood pressure, diabetes, obesity, and heart disease. Furthermore, leading industry companies are now offering their services through mobile applications and online courses to reach a wider audience because of the growing trend of digitization. Providing fitness sessions virtually or online helps these clubs contact prospective patrons at strategic places. Additionally, to draw in new clients and provide additional sources of income, these clubs are placing a strong emphasis on growing their offerings which is eventually aiding in the market growth.

Introduction:

The health and fitness club is a physical space that houses the workout equipment and allows its members to utilize it in return for a fee to achieve their health objectives. Most health clubs provide an exercise space, a functional and circuit training area, other amenities, indoor running tracks, meditation and yoga, and many more. Most individuals use it essentially to keep up their fitness and health. Furthermore, health clubs are collaborating to recruit and keep the Gen X audience since this cohort is more likely than others to utilize them and incorporate investment into their gym and wellness memberships by giving tailored service offers. The health and fitness club market comprises institutions that provide exercise equipment such as various exercise machines, personal training, fitness advice, fitness training classes, and other health and fitness-related services. The rising trend of providing comprehensive amenities such as hot yoga studios and high-altitude training rooms, as well as appealing membership rates and higher marketing spending, are boosting revenue creation in this market. Furthermore, a large amount of the market's growth may be linked to the increase in online courses. The rise in health consciousness, particularly due to rising obesity rates, presents a significant potential opportunity in the health and fitness club business. The trend toward a better lifestyle and preventative care for different disease risks increases the market's potential even further.

Drivers:

• Increased amenity introduction in health and fitness clubs is accelerating the market growth: To attract more clients, prominent market participants throughout the world are stressing the availability of a diverse variety of facilities and services, such as massage rooms, physical treatments, jogging tracks, saunas, shower spaces, juice bars, swimming pools, and squash courts. Such amenities create a welcoming environment and promote a more comprehensive approach to overall health and fitness. In recent years, clubs with such facilities as convenience and comfort have opened, which will likely promote market expansion throughout the projection term.
• Rising health and fitness awareness is a major market driver: Consumer spending on wellness services has grown as people become more aware of the value of health and fitness. Moreover, rising health consciousness, rising consumer disposable income, and growing illness incidence, such as obesity, diabetes, heart disease, and high blood pressure, have boosted the number of people joining health and wellness clubs.
• Introduction of mobile apps and online classes is propelling the market growth: To improve client reach, leading sector participants have been urged to offer their services through mobile applications and deliver online lessons as part of the growing digitalization trend. Offering virtual/online fitness classes helps these clubs contact potential clients in key locations. Furthermore, these clubs are prioritizing service expansion, such as delivering digital workouts, activity monitoring, and equipment instruction via mobile and smartphone applications, to attract more consumers and develop other income sources that are positively impacting market dynamics.
• Rising awareness among millennials about health and fitness is fueling market expansion: The growth in millennial awareness has led to an increase in spending on healthy living and fitness activities, which is motivating them to join fitness clubs. Furthermore, players such as Gold's Gym. in. give lifelong membership and 24-hour service to users, allowing them to visit the centers at any time is a prominent factor driving growth.

Products offered by key companies:

• Virtuagym Fitness, Virtuagym: Virtuagym is a cutting-edge exercise and wellness platform that combines technology with personal health objectives. Virtua Gym's features are designed to empower both people and fitness experts and include exercise planning, nutrition tracking, and progress tracking. Virtuagym caters to a wide range of exercise abilities and tastes with its user-friendly interface and adjustable features, generating a lively and supportive community.
• Anytime Workouts, Anytime Fitness: Anytime Workouts is a cutting-edge exercise software that brings the gym to customers. Anytime Workouts, with its user-friendly design and varied features, enables users to embark on tailored fitness adventures at any time and from any location. Whether someone is a seasoned fitness enthusiast or a newbie wishing to establish a healthy lifestyle, this app caters to individual fitness objectives with a varied choice of routines, professional instruction, and progress-tracking features.

Prominent growth is anticipated in the membership fee sector under the service type segment.

The membership fee category is anticipated to grow significantly over the forecast period. The membership fees segment's dominance in the health and fitness club market may be ascribed to its complete offering of varied benefits. Membership payments not only provide access to gym and fitness center equipment, but also to a variety of amenities such as swimming pools, indoor sports activities, and other activities that enhance the whole fitness experience. The attraction is in the comprehensive advantages delivered in addition to personal training, which creates a compelling value proposition for consumers looking for a well-rounded fitness program. Furthermore, increased community awareness of health and fitness, encouraged by various programs and activities, has been a driving force behind the increase in individuals joining health and fitness clubs and consequently driving the market growth.

The North American region is expected to hold a significant share of the health and fitness club market:

Over the projection period, the North American area is anticipated to dominate market share and display significant expansion with a solid CAGR. The development is related to an increase in the prevalence of health conditions, notably obesity, and diabetes, which has spurred an increase in the demand for health and fitness clubs. The senior population's engagement in fitness clubs is expected to increase as their knowledge of health and fitness develops which would aid in the market growth. Multifunctional health and fitness facilities have played an important part in developing regular exercise habits by providing individualized exercise services, specialized equipment, and programs to people of different ages and physical abilities. Such proactive activities are fueling the growth of the health and fitness club industry in the United States. Furthermore, a growing emphasis on health, particularly on obesity and physical inactivity, has made regular exercise a priority in many people's daily routines. This increased awareness has led to the growing popularity of fitness clubs and health facilities, fueling market growth in the United States and Canada.

Key developments:

• Virtuagym, the world's top provider of All-in-One health and fitness software solutions, introduced Virtuagym AI Coach in July 2023. The new product is powered by AI and quickly generates bespoke exercises for individuals based on their unique requirements, which are submitted via a chat interface. The Virtuagym AI Coach improves the workout experience by providing fully automated training support and instruction to individuals of various abilities, experience levels, and resources. It is an easy-to-use tool incorporated within the Virtuagym Fitness mobile app and a larger ecosystem of products that connects users to personalized workouts driven by Virtuagym's increasing exercise library of over 6,000 exercises.

Segmentation:

•  By Service Type
  • Membership Fees
  • Total Admission Fees
  • Personal Training & Instruction Service
  • Others
• By Geography
  • North America
    • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Spain   
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Taiwan
    • Thailand
    • Indonesia
    • Others