Health & Fitness Club (Gym) Market Growing Massively by 2021 to 2026 Major Players - LA Fitness International LLC, Planet Fitness, LTF Holdings Inc., 24 hour Fitness

Market Insights Reports delivers key insights on the Health & Fitness Club (Gym) market in its latest report titled, “Global Health & Fitness Club (Gym) Market: Insights & Forecast With Potential Impact Of COVID-19 (2021-2024)”provides an in-depth analysis of key players strategies, market growth, product demand, growth factors, technological innovations, regional outlook and global dynamics which includes drivers, challenges, and opportunities dominant in the industry. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.

The global health and fitness club market is estimated to reach US$96.6 billion in 2024, growing at a CAGR of 7.70% for the period spanning from 2020 to 2024. 

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Top Key Players in the Global Health & Fitness Club (Gym) Market are LA Fitness International LLC, Planet Fitness, LTF Holdings Inc., 24 hour Fitness, Gold's Gym International, Town Sports International Holdings Inc., Chelsea Piers, EXOS, UFC Gyms, Crunch Fitness, Goodlife Fitness, Self Esteem Brands LLC, and others.  

Industry News and Update:

August 24, 2021 Omnia Wellness Expands its BodyStop® Wellness Locations with LA Fitness

Omnia Wellness Inc. (the “Company”)(OTC US: OMWS), a health and wellness company commercializing advanced technologies, announced today that it is opening a BodyStop^® center in a Signature LA Fitness location located in Irvine, CA. This new center is an expansion of the Company’s license agreement with LA Fitness, one of the largest fitness chains in the nation.

August 9, 2021 PLANET FITNESS TO EXPAND GLOBAL FOOTPRINT IN MEXICO

Planet Fitness, Inc. (NYSE: PLNT), one of the largest and fastest-growing global franchisors and operators of fitness centers with more members than any other fitness brand, today announced that it has signed a franchise agreement with Fitness Para Todos,  S. de. R.L. de C.V. (“FPT”), to accelerate growth and dramatically expand its footprint in Mexico with the development of a minimum of 80 new stores over the next five years.

Market Scenario:

The factors such as increasing per capita disposable income, growing urban population, increasing obesity, rising fitness clubs and gym, inclination towards health clubs for fitness are expected to drive the market. However, growth of the industry will be challenged by increasing physical outdoor activity, increased cost and increasing demand for home equipment’s. A few notable trends include rise of lifestyle related illness, influence of social media, increasing number of health clubs and memberships, technology advancement, increasing healthcare costs, increasing health conscious audience and growing hybrid studios.

The global health and fitness club market is expected to grow in future owing to rising awareness among people to avail healthy lifestyle, increasing number of lifestyle-oriented diseases and rising incidences of obesity. In terms of geographical areas, America is the major contributor to the global health and fitness club memberships supported by growing millennial population and rising obesity. Asia is the fastest growing market for health and fitness club with attractive membership fees offered by fitness clubs and increasing spending on marketing and advertisement.

Investigator Observers Strong Growth in Specific Regions:

– North America (United States, Canada, Mexico)
– Europe (Germany, UK, France, Italy, Spain, Russia)
– Asia-Pacific (China, Japan, South Korea, Australia, India)
– South America (Brazil, Argentina, Columbia)
– The Middle East and Africa (UAE, Egypt, South Africa)        

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Important Features that are under Offering and Key Highlights of the Reports:

– Detailed overview of Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc.
– Historical, current and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Health & Fitness Club (Gym) Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth     

Frequently Asked Questions about Health & Fitness Club (Gym) market:

–   Who are the key players operating in the Health & Fitness Club (Gym) market?
–   Which is the leading segment in the market?
–   At What CAGR is the market projected to grow in the forecast period (2021-2024)?
–   What is the key factor driving the market?
–   Which data rates would lead the market during the forecast period?
–   Which region is expected to dominate the Health & Fitness Club (Gym) market in the next five years?

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- Post Covid-19 Analysis

All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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