Global Fitness Services Market Is Growing At A CAGR Of ~% In 2017-2022 And Is Expected To Reach ~USD Bn By 2027 - Ken Research

What is the Size of Global fitness Services Industry?         

The Global Fitness Services Market is largely driven by increased popularity of exercising throughout the globe and the internet, particularly among the younger generation.

The advent of fitness apps has played a key role in the increased popularity of exercising throughout the nation. This has encouraged health awareness and exercising to become an essential trend, which has been burgeoning among people in the world. The market size of the fitness industry in world reached more than USD 200 billion in 2021, with a robust CAGR.

Fitness industry is growing to be biggest in the world as more and more people are increasingly taking up gym membership in lieu of growing health awareness and stress management. During the forecast period, the increasing sense of health-consciousness amongst the consumers is expected to stimulate the demand for taking fitness services.

Instead of the typical brick-and-mortar gyms that provide long-term subscriptions, digital-focus gyms with a business strategy of retail locations and online applications appeared to seize this potential in the coming years, gradually, replacing traditional gyms across the globe.

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Global Fitness Services Market By Gender

The Global Fitness services market is segmented by gender into Male and Female.

Female consumers are more likely to sign up for fitness classes and personal training in gyms than their male counterparts. In 2021, female customers accounted for the majority of such memberships.

Global Fitness services Market By Revenue Stream

The Global Fitness services market is segmented By Revenue Stream into Membership, Personal Trainer, and Supplementary Services.

Fitness service centers majorly have two sources of revenue generation such membership fees and fees charged by personal trainers. In an organized fitness service center, majority of the revenue has been generated through the membership fees charged from the customers as it holds more than half share in revenue generation in organized fitness centers market.

Global Fitness Services Market By Geography

Global Fitness services market is segmented by North America, Europe, Asia Pacific and LAMEA. Based on the region, the North America dominated the global Fitness services market in 2020, in terms of revenue and is estimated to sustain its dominance during the forecast period. North America was followed by Asia Pacific and Europe. The sports and fitness enthusiasts are predominantly based in North America. There is increased popularity of exercising throughout the countries. This has led to health awareness and exercising as an essential trend that is being embraced by everyone across the globe.

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Key Target Audience - Organizations and Entities Who Can Benefit by Subscribing This Report

Fitness Equipment Manufacturers
Fitness Equipment Distributors
Fitness Centres
Government Organizations
Time Period Captured in the Report
Historical Period: 2017-2022
Base Year: 2022
Forecast Period: 2022-2027

Companies

Major Players

Impulse
LA Fitness
Life Time Fitness
24 Hour Fitness
Anytime Fitness
Tera Wellness
Town Sports International Holdings, Inc
Planet fitness
The Bay Club Company
Equinox Holdings Inc.
Self Esteem Brand

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https://www.kenresearch.com/industry-reports/global-fitness-service-market

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This release was published on openPR.