Press release
Global Health And Fitness Club Market Set For 8.08% Growth, Reaching $157.61 Billion By 2029
Health And Fitness Club TPR
The global health and fitness club market reached nearly $101.46 billion in 2024, having grown at a compound annual growth rate (CAGR) of 3.57% since 2019. The market is expected to grow from $101.46 billion in 2024 to $157.61 billion in 2029 at a rate of 9.21%. From 2029, the market is expected to grow at a CAGR of 8.49% and reach $236.93 billion in 2034.
What are the upcoming opportunities in the global health and fitness club market?
The key players in the market are adopting extensive strategies in the health and fitness club market such as:
• Enhancing operational capabilities through the introduction of new programs.
• Strengthening operational capabilities through strategic acquisitions.
• Improving operational capabilities through strategic partnerships.
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To take advantage of the opportunities, The Business Research Company recommends that health and fitness club companies focus on:
• Prioritizing the development of innovative products.
• Placing a strong emphasis on the development of innovative solutions.
• Investing in innovative offerings to promote mental well-being through virtual workouts and cognitive training.
• Expanding gym networks.
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Who are the major companies operating in the global health and fitness club market?
The global health and fitness club market is fairly fragmented, with the large number of players operating in the market. The top ten competitors in the market made up 15.85% of the total market in 2023. 24 Hour Fitness LLC was the largest competitor with a 3.12% share of the market, followed by:
• LA Fitness LLC
• Barry's Bootcamp
• Equinox Holdings Inc.
• CrossFit LLC
• Life Time Fitness Inc.
• Basic-Fit NV
• Planet Fitness Inc.
• Exos
• Crunch Fitness LLC
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