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At the start of each year, we like to take a deeper look at the previous 12 months to take . Worldwide Home Fitness Equipment Industry to 2030 - Identify Growth Segments for Investment. The United States, Germany, and the United Kingdom have the highest number of fitness club memberships. Oman Fitness Service Market Segmentation, 2017 6.1. Source: United States Department of Labour. This is a significant increase from the $20.3 billion made in 2010 by the industry. There’s no question that last year was a tough one, but based on current stats the future of the fitness industry still looks promising. The numbers suggest that a larger percentage of people in the US have memberships in different, If you look at the fitness industry market size in terms of the number of. Found insideOf course, these figures could vary wildly depending on the individual, ... Furthermore, SGMA reports that fitness equipment goes unused in nearly onefifth ... Found inside – Page 13We use the MarketLine industry reports (2015a) to illustrate the expansion ... After ball sport equipment, fitness is the second strongest sport equipment ... December 28, 2020 05:38 ET | Source: Research and Markets Dublin, Dec. 28, 2020 . Here are topline stats that provide a quick fitness industry overview… How big is the fitness industry? This is an important consideration worth pondering over if you ever decide to open up your own fitness club. The fitness and exercise industry globally is worth well over $100 billion. Career tips, training courses & educational resources for health & fitness professionals. This $6.76 billion industry is well on its way to the top. Found inside – Page 35... JD , MA According to the 7th Annual IDEA Fitness Programs & Equipment Survey ( IDEA Fitness Manager , October 2002 ) and other industry statistics ... For us average Joes and plain Janes, it’s hard to imagine spending $120+ billion/year on everything from StairMasters and cable machines to resistance bands and dumbbells. Additionally, 27% of Europeans spend less than three hours working out on a weekly basis, whereas 17% exercise between three to five hours weekly. "New this year, the report contains health club membership penetration rates by country showing the tremendous potential for growth in many key markets. , it amounts to a total of 41,370. The global sports equipment market is worth over $126.23 billion. Gyms offer various different types of machinery and training to cater to each individual’s requirements, but statistics show that about 75% of people prefer to use strength training machines at their gyms on a regular basis. If you want to launch a new product, expand your range, or target a different segment, then market data can help you assess the viability of your idea. The yearly revenue of these clubs is situated at $5.33 billion. It's solution allows users to stream live and on-demand classes led by top industry professionals from anywhere for a monthly fee. Fitness Industry Statistics 2021 (Editor’s Choice). Weight plates, barbells, and dumbbells can last a lifetime. It’s a competitive industry and the vast majority of trainees quit, so how can you set yourself up to do well in your Read more…, Using the top fitness hashtags on Instagram can help you reach a bigger audience and boost engagement too. Although cardio and strength machines remain club staples, functional training equipment is seeing the greatest expansion. Even in well-developed countries, there are numerous regions with much smaller population densities, highlighting why fitness clubs are lacking here. The report contains current information on the major European fitness markets and club operators, recent merger and acquisition activities, as well as a chapter on the European fitness ecosystem. Remember when Livestrong bracelets, Myspace, and water bottle flipping were all the rage? This doesn’t dictate that prices are getting higher — rather, more people are willing to join the fitness industry, due to health and body image concerns. Found inside – Page 70Louisiana vital statistics , including mortality by cause and ... collar workers Aerospace industry employment and payroll , and production worker hours and ... Before anything else, we must mention that our research has shown that there is still considerable room for growth in this industry. In May, The IHRSA Global Report found that the global industry revenue totaled $94 billion and, as a result, health clubs are on pace to reach 230 million members by 2030. This company has been seen as a strong competitor in the industry since its introduction, especially because of its differentiation strategy. China is the largest producer and exporter of Sports & Fitness Equipment in the world. Global Home Fitness Equipment Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion Found inside – Page 7According to industry statistics , 71,000 doctors were practicing in ... the public sector accounts for 70 percent of all medical equipment purchases . Some markets outperformed others, with the US continuing to but others remaining flat. Fitness Equipment Market by Type (Cardiovascular Training Equipment, Strength Training Equipment and Other Equipment) andEnd User (Home Consumer, Health Club/Gym and Other Commercial User): Global Opportunity Analysis and Industry Forecast, 2020-2027 Luckily, future fitness industry growth can be further stimulated, as there are numerous development opportunities throughout Latin America, Asia, and Africa. The Manufacturers Sales By Category Report is an industry overview which gives topline wholesale market size data by category, which is derived from industry submissions and survey data. Home fitness equipment Market is valued at USD 11.16 Billion in 2018 and expected to reach USD 23.27 Billion by 2025 with the CAGR of 13.1% over the forecast period. Fitness trends are changing and technology is playing an increasing role. There are several fitness trends that have been consistent over recent years. Increase in the spending on preventive healthcare, convenience of using the equipment at home and rise in the awareness regarding healthy lifestyle are the . Up-to-date fitness industry statistics are invaluable for business planning. However, a new wave of digital trends is being driven by technology, demographic changes, and recent global events. In the 41,360 health and fitness clubs in the US, you will find a total of 64.19 million people who follow a fit and healthy lifestyle and go to clubs regularly. So the US is keeping moving in many different ways, with over 54 million registered health club members and even more doing exercise at home, people are choosing a variety of different ways to keep fit according to the latest health and fitness statistics.. Latest Fitness Industry Statistics. Grasping the sheer size of the market can be difficult, which is where this article comes in. in the US have more than 184 gym members in total. Let’s start by clarifying the terms. Similarly, a PT will lead to a 7% increase in aerobic capacity, as compared to a 0.3% decrease for self-trained individuals. Key Fitness Statistics. Industry revenue increased from 2010 by 5%, while memberships grew by 2.4%. Market Support Statistics (2012-2017) 6. Whilst the industry in China has experienced high-level growth across the board, boutique studios are now stealing the march on big-box establishments. The global fitness equipment market has increased at a significant CAGR during the years 2014-2015 and projections are made that the market would rise in the next four years i.e. Industry Trends. Fitness has been a growth industry during the past couple decades. Gyms, Health and Fitness Clubs Global Industry Almanac 2016-2025 : March 2021 $ 2995 Global Fitness App Market By Type, By Platform, By Device, By Regional Outlook, Industry Analysis Report and Forecast, 2020 - 2026 : March 2021 $ 3600 Home Fitness Equipment Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026) Found inside – Page 29The U.S. Bureau of Statistics states that only 14 percent of American workers ... This trend has helped industries that manufacture exercise equipment and ... The UK dominates the industry in Europe followed by Germany, France, and Italy. Because of this, many people have been panic buying fitness equipment. Get more details on this report - Request Free Sample PDF. The global smart sports equipment market size was valued at USD 2.16 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 8.1% from 2020 to 2027. Online Fitness Market size surpassed USD 5 billion in 2019 and is poised to grow at a CAGR of over 30% from 2020 to 2026. So the US is keeping moving in many different ways, with over 54 million registered health club members and even more doing exercise at home, people are choosing a variety of different ways to keep fit according to the latest health and fitness statistics.. Additionally, it is important to note that the median pay for personal trainers remains quite low in the US, as it is situated at just $19 per hour. Rising prominence of sports as a principal vertical market for the connected objects and the Internet of Things is popularizing the concept of smart sports equipment. A treadmill ($900), bench gear ($150), free weight set ($1,000), squat rack ($300), and gym selfie mirrors ($100) turn a home gym into a once-in-a-lifetime investment. Furthermore, the statistics display an accumulation of the total revenues of the fitness centers in the US. This has led to a thunderous increase in the market size of the fitness industry, as well as the overall number of gyms and fitness club members worldwide. Anyone who’s channel-surfed in the last year has seen the tech-savvy NordicTrack, Peloton, and maybe even Nautilus gear grace the airwaves. Growth, by Number of Downloads. Controversial opinion: For the average American, aerobic training poses a laundry list of health benefits where powerlifting and weightlifting typically fail. According to industry studies of the Indian retail fitness services market—currently, there are six million active users in India who are spending on an average $350-400 annually towards fitness. Despite this fact, it seems like educational and marketing efforts have paid off, as more people than ever are willing to work on improving their health, to lose weight, gain strength or gain muscle, according to the fitness industry trends and statistics. According to the latest IHRSA report, total industry revenue was $96.7bn in 2019, up from $94bn in 2018. 2016-2020 tremendously. Generally, it is important to keep in mind that medical recommendations indicate that every person must exercise for at least 30 minutes on a daily basis to maintain a healthy and active lifestyle, according to body and health, and fitness industry statistics. Digital marketing ideas & blog content for health & fitness companies. ; The same IBISworld's report "Gym, Health & Fitness Clubs - US Market" revealed that there . Found inside – Page 24Golf equipment ( balls , clubs , bags , etc. ) . Playground , gymnasium , and exercise equipment . Other sporting and athletic goods , n.e.co. Well: But even more likely, we never want to be the last to hop on a trend. Key factors that are expected to fuel growth include urbanization leading to changing lifestyles, growing awareness of health & wellness and drastic increase of obese population. ⇒ Additional resources, research reports, and stats can be found here…. Found inside – Page 13Industry Statistics by Employment Size of Establishment : 1992 – Con . ... Gymnasium and exercise equipment Other sporting and athletic goods 10.3 11 115 ... Global Connected Gym Equipment Market Analysis & Industry Forecast 2017-2023, With an Expected CAGR of 31.1% - ResearchAndMarkets.com June 14, 2018 07:59 AM Eastern Daylight Time Overall, 2019 was a year of abundance for the fitness industry. Found insideThe qualified staff, exciting programs, and wide variety of equipment can make exercise a lot more fun. Fitness industry statistics show that 90 percent of ... After a blistering health diagnosis or disappointment on the scale, enthusiastic new gym-goers rarely make a bee-line to the bench press or wait in line at the squat rack. According to Statista, the market size of the fitness center industry is situated at $87.23 billion in 2019. Major industry Players: Body-Solid Europe, Johnson Fitness, TuffStuff Fitness International, DDS Sport Equipment, Abs, Takiar Gym Industry, SD Fitness Equipment, Nortus Fitness, Bodycraft The Ab Bench market report provides detailed segmentation by type and function, as well as a comprehensive overview of segment and sub-segment patterns. Ideal for business planning, the report includes; Note: Data is correct at the time of publishing, but it’s important to do your own local research when making business decisions. All studies conclude that hiring a personal trainer will lead to better results on all fitness categories, regardless of user discipline. Sports & Fitness Equipment Industry Report. Despite 3800 clubs and nearly a million members, penetration is only 0.12%. Studies have also shown that this revenue has the potential to reach higher values, as the fitness and health club industry continues to increase in popularity. Keep on Running: Fitness Stats by Type of Exercise. Home Fitness Equipment Market research report adoption is becoming very essential for the businesses as it supports with the better decision making, revenue generation, prioritizing market goals and profitable business. The market's growth in the region is influenced by the increasing incidence of age-related health issues. Unlike others, you get extended access to the 2021 edition, including any updates that are made as new market data becomes available. Management, implementation and monitoring of safety policy. Of all the people that go to gyms and fitness clubs in the US, 6.1 million make sure to participate in an exercise or fitness-related class at least twice a month. Yet this has been proven difficult to confirm as the goals of each individual have little to do with their age. The right hashtags will ensure your posts are seen and liked by your ideal clients and fitness-focused Read more…, Strategic use of the best yoga hashtags can rapidly accelerate your Instagram growth. We earn commissions when you purchase through these links. The increase in adoption of fitness exercises contributes to the growth of the connected gym equipment industry across the European region. ft. According to the Journal of Strength and Conditioning, employing a PT has numerous advantages, as all physical performance indicators are bound to be improved. Source: IHRSA, 2018. Research Manager Consumer & Business Insights. It is important to keep in mind that this number includes the combined value of all gyms, fitness clubs, and fitness centers worldwide (as in all the locations that provide customers with the necessary infrastructure to carry out their physical work . Strength vs. Cardio Spending: What’s the Deal? Although they charge 2-4 times more than traditional health clubs, they have lower member attrition rates. Gyms used to be big box stores - lots of equipment for cardio and weight training, with personal training available, racquetball maybe, and a pool. Some studios -- such as Modo Yoga, which . The actual impact on the health of the worldwide population is difficult to determine, seeing how the gym trend has only become popular in developed countries. The same research effort has concluded that, in the EU, Romania holds the highest number of people that perform physical activity outside of working hours in a week. Market Size & Industry Statistics. After World War 2 in the early 1950's the fitness and exercise industry really got it's start. Sporting goods equipment sales rose slightly - up 2.5% -- from $20.37 billion in 2010 to $20.87 billion in 2011. After all, in most cases, a smart investment in the health and fitness industry is bound to generate a positive ROI, as the number of people keen on exercising is actively growing. She had dedicated over three years to the educational field as a health and physical education teacher before deciding to pursue a career in the fitness industry. Key factors that are expected to fuel growth include urbanization leading to changing lifestyles, growing awareness of health & wellness and drastic increase of obese population. Found inside – Page 1-315Physical fitness / sports medicine : a publiPersonnel research highlights I ( PM cation of ... ( C Petroleum industry and trade Statistics 13.22 : ( v.no. Furthermore, the statistics display an accumulation of the total revenues of the fitness centers in the US. In this scenario, the gap in market size is generated by the actual size of individual fitness clubs. The total U.S. industry market size for Gym, Fitness & Recreational Sports Centers: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size. Found inside – Page 6811... branches Fitness bicycles Operations research Stations , Pumping Statistics BT Bicycles USE Pumping stations RT Management science Exercise - Equipment ... 3.Fitness industry reports show that there are 174 million club members worldwide. So, if you raised a brow, shook your head, or sat in silence as you read these stats, let’s wade through a few possible explanations. The European connected gym equipment market is dominated by UK, constituting around 6,312 health and fitness clubs. Why is cardio gear dominating the industry? Visit the gym during peak hours (approx. That translates to 58 million new active users—almost the entire population of Italy. Industry Trends. The Americas is expected to be the major revenue contributor to this market throughout the forecast period. In 2019, the global . Despite the rapid expansion and an influx of investment, Asia still has huge potential for growth. The market growth can be attributed to the proliferation of seamless internet services globally, facilitating uninterrupted streaming of videos online. Found inside – Page 1-8799494 PLAYGROUND , GYMNASIUM , AND EXERCISE EQUIPMENT 39499 OTHER SPORTING AND ... 561,3 438.0 363,5 327,2 316.1 300,3 191.6 168,1 39942 599- MANUFACTURING ... Studios spend a lot less on equipment than traditional clubs which means less revenue…. If ever, it . Traditional exercises are being transformed into specialties and new programs are being developed at a breakneck pace. Found inside – Page 1315FitDuring the economic downturn , fitness centers that ness centers and their ... Induscording to Herbert . try statistics supported that commentator's view ... Even though it has been an industry with tremendous growth in the last 10 years, the gym industry is predicted to decline by about 13.20%. After all, the benefits associated with living an active lifestyle have been analyzed and proven in a variety of scientific studies and experiments. A total of 39% of people currently have gym memberships in the United States, which represents a very small percentage of its population that goes to the gym regularly. The statistics shared in this article also provide glimpses as to where the future may take us. Well, it’s the perfect storm of financial, health, and societal factors that’s bolstering it, like: Although a bummer for modern society, we didn’t miraculously discover the health incentives behind exercise. Go for it! U.S. health club industry revenue reached $21.4 billion as memberships totaled 51.4 million in 2011, according to the International Health, Racquet & Sportsclub Association (IHRSA). This place must cost millions to fully stock and maintain. Fitness Equipment Market Size & Share 2020-2026, North America, Europe & APAC Industry Statistics with COVID-19 Impact Analysis: Graphical Research But they’re also tapping into Millennials’ desires for personalisation, freedom, and experiences over material things. Jess is a freelance writer with a Bachelor of Science in Health and Exercise Science from The College of New Jersey. In the last section, we talked about cardio equipment’s health incentives and why that edge of the market is seemingly thriving. A Nielsen survey found that 81% of Millennials exercise or would like to, vs only 61% of Boomers. Online Fitness Market size surpassed USD 5 billion in 2019 and is poised to grow at a CAGR of over 30% from 2020 to 2026. Despite this fact, over 50% of Europeans are not membership holders; meaning, the industry still has a lot of spare room to grow into. Prolonged lockdown periods have had a major impact on the fitness industry. So, what is it about these companies that’s getting gym chains and Americans spending billions — and at much quicker rates than ever before? Further dissecting the ever-growing fitness industry, it’s clear that we’ve been on a steady path for the last few years — at least in terms of where we do our spending. Despite . The industry grew to approximately 210,000 clubs globally, serving 184 million members. It is accounting for almost 46% of the global supply in 2016 and produces up to 60% of the world's fitness equipment. Found inside – Page 15Western European health and physical fitness figures are paralleled by many statistics in U.S. health industries. With a preponderance of irregular driving ... Industry Trends. It also identified the Middle East, North Africa, and Latin America as being regions with development opportunities. Hence, it makes sense why a vast number of fitness programs are designed specifically with them in mind. (Hint: It’s not because gains are overrated.). They’re exercising more, eating smarter, and smoking less than previous generations… And this is one space where they’re willing to spend money on compelling brands.”. The same study showcases that 65% of studios spend less than $5,000 on a yearly basis. Obesity, heart disease, and type 2 diabetes can be “lifestyle diseases” and could all be more manageable with 150+ minutes of moderate cardio a week. Request Methodology. Despite the fact that the vast majority of people now live more sedentary lives, an increasing number of individuals are opting for a more proactive lifestyle; the benefits are plenty and well-known. According to IHRSA (International Health, Racquet & Sportsclub Association), the $30 billion health and fitness industry in the United States has grown by at least 3-4% per year in the last decade and shows no signs of slowing down in the near future. Find industry analysis, statistics, trends, data and forecasts on Gym & Exercise Equipment Manufacturing in the US from IBISWorld. Found insideSports Industry Overview Sporting Equipment Sales: Wholesale Value Sporting Equipment Sales: Retail PRE = Plunkett Research estimate; SGMA = Sporting Goods ...
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