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Gym, Health & Fitness Clubs in the US Industry Market Research Report Now Available from IBISWorld

Los Angeles, CA (PRWEB) August 01, 2012

The Gym, Health and Fitness Clubs industry has benefited from the array of marketing campaigns and ensuing consumer trends for fighting obesity and improving health. Gym membership numbers have increased considerably over the past 10 years, rising from 36.3 million in 2002 to more than 43.6 million by 2012. According to IBISWorld industry analyst Dale Schmidt, “this trend is the result of soaring demand for fitness activities, and industry operators have capitalized on this growth by expanding establishments in both size and number.” In addition, the industry has diversified some with the rise of small-scale gyms and female-oriented gyms, which have expanded its customer base.

However, the industry has not been recession-proof. In 2008 and 2009, demand for gyms and health clubs weakened as consumers cut back on discretionary spending. Still, compared with other industries, the Gym, Health and Fitness Clubs industry has remained remarkably resilient, as increased leisure time and boosts in health and morale from exercise have kept the industry highly competitive. Gyms and health clubs have broadened their markets in a bid to retain membership numbers throughout the recession's aftermath. “Due to their lower cost, the downturn has also favored the growth of small-budget gyms with fewer amenities over more expensive, all-inclusive clubs,” says Schmidt. Consequently, this industry has a low level of market share concentration, with the top four firms in this industry accounting for a relatively small portion of sales. The concentration remains low because of the large number of centers that only employ one person or are nonemploying establishments. The larger players in this industry, such as 24 Hour Fitness, Bally’s Total Fitness and Curves International have numerous locations throughout the United States, while small players are generally operate in one or two states. Over the past five years, concentration has increased as a result of larger firms continuing to expand operations to improve economies of scale and enter new markets.

Over the next five years, the industry will benefit from increased youth and baby-boomer memberships, which will boster the industry’s revenue. Firms will profit from the public's growing interest in staying fit as well as the rising obesity rate, and membership growth will continue to outpace population growth. As consumers' income grows in line with the recovering economy, the industry will transition back toward larger and all-inclusive clubs. With total health club memberships expected to rise at a healthy rate over the next five years, players will capitalize on this growth and provide members with additional services in a bid to increase registration and retention rates. For more information, visit IBISWorld’s Gym, Health & Fitness Clubs in the US industry report page.

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IBISWorld industry Report Key Topics

This industry operates fitness and recreational sports facilities that feature exercise and other active physical fitness conditioning or recreational sports activities, such as swimming, skating or racquet sports. Firms are also involved in facilities management and fitness instruction.

Industry Performance

Executive Summary

Key External Drivers

Current Performance

Industry Outlook

Industry Life Cycle

Products & Markets

Supply Chain

Products & Services

Major Markets

Globalization & Trade

Business Locations

Competitive Landscape

Market Share Concentration

Key Success Factors

Cost Structure Benchmarks

Barriers to Entry

Major Companies

Operating Conditions

Capital Intensity

Key Statistics

Industry Data

Annual Change

Key Ratios

About IBISWorld Inc.

Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.

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