Last Updated on 16/01/2022 by tdh.us.hrdk
Because individuals are becoming more health-conscious in today’s world, the fitness sector is on the rise and will continue to develop dramatically over time. The gyms and yoga centers are becoming popular day by day and this has provided an opportunity for fitness enthusiasts to generate revenue for themselves by sharing their knowledge and training others. The following stats cover various topics such as revenues, fitness trends, age distribution, etc.
- According to Statista, the fitness centre industry’s market size was $87.23 billion in 2019.
- Total industry sales in 2019 was $96.7 billion, up from $94 billion in 2018, according to the latest IHRSA data.
- Globally, the industry grew at a rate of 2.9 percent in terms of revenue (pre-Covid).
- Recent global events have had a significant impact on the industry, but there are strong macro signals that it will continue to develop.
- In 2021, the fitness industry was expected to generate $102 billion in revenue. However, due to global gym closures, this figure has been reduced downward.
- The world holds over 200,000 health and fitness clubs currently
- Fitness club memberships are most common in the United States, Germany, and the United Kingdom.
- Regardless of user discipline, all studies agree that employing a personal trainer leads to higher results in all fitness categories.
- Fitness trackers, HIIT, group training, fitness programmes for older folks, and bodyweight training are the top fitness trends for 2019. (calisthenics).
- According to industry figures, there are 174 million fitness club members globally.
- The number of clubs around the world is growing, making it easier for people in rural locations to exercise and improve their physical and mental health.
- Between 2000 and 2019, the income of health clubs in the United States was around USD 35.03 million, indicating that the health business is thriving.
- In 2020, the global gym sector will be worth $96.7 billion, with over 184 million gym members.
- Membership fees account for 60.4 percent of the fitness and health club business in the United States.
- The fitness sector in the United States is large, with 41,370 health and fitness clubs across the country.
- In the United States, there are 64.19 million members of health and fitness clubs.
- Employees in the health and fitness club business in the United States number 713 thousand.
- In the United States, 39 percent of people have gym memberships, which is a fairly small percentage of the population that goes to the gym on a regular basis.
- According to studies, around 75% of people choose to use strength training machines at their gym on a daily basis.
- 6.1 million people who frequent gyms and fitness clubs in the United States make it a point to attend an exercise or fitness-related class at least twice a month.
- A Eurostat study has concluded that 28% of Europeans exercise over 5 hours weekly.
- According to body and health, as well as fitness industry data, every person should exercise for at least 30 minutes everyday to maintain a healthy and active lifestyle.
- 69% Employees who have a positive onboarding experience are more likely to stay for three years.
- 70% of high-retention-risk employees believe they will be compelled to leave their company in order to improve their careers.
- Employees would stay at a company for longer if it invested in their careers, according to 93 percent of them.
- Employees that are engaged come to work with a sense of purpose, enthusiasm, and vigour. Teams with high levels of engagement have a 21 percent higher profit margin.
- Team members that are happy at work are up to 20% more productive.
- Unhappy employees take 15 more sick days per year than the average worker.
- In January 2020, more than 12% of new gym members joined.
- Peer referrals influence nine out of ten purchasing decisions.
- When people meet for the first time, only 2% of sales occur.
- After a favourable experience, 83 percent of consumers would gladly make a referral.
- But salespeople don’t ask! Only 29% end up giving a referral.
- Sales reps give up 44% of the time after just one or two follow-ups. However, after nine or more leads, the majority of them will shut.
- Only 17% of salespeople believe they are pushy, although 50% of prospects believe they are.
- Only 24% of sales emails are really opened.
- Emails that include one to three questions are 50% more likely to receive responses than emails that do not.
From a revenue standpoint (Fitness Industry)
- All global fitness centres create an additional 8.7% of income on an annual basis.
- This doesn’t mean that prices are rising; rather, due to health and body image concerns, more people are willing to join the fitness business.
- Active people are more likely to have fewer health problems, and studies show that they can live longer.
- The fitness club sector in the United States generates $27.6 billion in annual revenue.
Spendings and expenses on fitness clubs and gyms
- According to surveys, 65% of studios spend less than $5,000 each year.
Fitness Industry Trends
- Fitness trackers, bodyweight-based training, fitness programmes for older individuals, high-intensity interval training, and group training are among the industry’s top trends.
- Traditional gym activities such as individual weight and strength training are losing popularity.
- To gain a better picture of their in-gym performance, more people are using fitness trackers, which monitor your heart health and calories burned.
- Several fitness industry indicators show that an increasing proportion of older folks are going to the gym.
- Despite the severity of the workouts, HIIT-based training is known for producing speedy effects. Despite this, an increasing number of people are eager to give this fitness routine a try.
- Due to the numerous advantages of exercising in a group, group training is once again becoming popular in the fitness sector.
- Technology, demographic shifts, and recent global events are driving a new wave of digital trends.
- The ACSM’s top trend for 2021 is ‘online training,’ with ‘virtual training’ coming in at #6. Neither of these were previously in the top 20, demonstrating how much the industry has changed in 2020.
- Improved internet connectivity and streaming capabilities are being used by on-demand fitness services like Peloton, Aaptiv, and Les Mills’ new offerings.
- They’re also capitalising on Millennials’ preference for customization, flexibility, and experiences above material possessions.
Age and Fitness
- According to a Nielsen poll, 81 percent of Millennials exercise or want to exercise, compared to only 61 percent of Boomers.
- Boutique studios, wearable developers, and equipment manufacturers have all taken notice of millennials.
- Women use fitness apps twice as much as men, and millennials use them more than other age groups.
- 46% want as much quantitative data about their health as possible, and 54% plan to purchase body-analyzing equipment.
Virtual & Online Fitness Stats
- Consumers who follow online workout coaching in the form of videos, blog articles, or programmes are referred to as “online.”
- Wearables, apps, and interactive heart rate training are just a few examples of digital fitness products and activities.
- Virtual – workouts that use virtual reality technology.
- The online fitness sector was worth $6 billion before the outbreak.
- It is expected to expand at a 33.1 percent compound annual growth rate (CAGR).
- By 2027, it will be worth $59 billion.
Boutique Fitness Trends
- Boutique studios are expected to grow in popularity through 2021 and beyond, as they are well-positioned to serve Millennial members by providing personalised training and unique fitness experiences.
- Despite charging 2-4 times as much as traditional health clubs, they have lower member churn.
- Fitness entrepreneurs and investors alike are embracing their higher-margin operating strategy, especially in emerging countries like China.
Fitness Industry Growth Markets
- In India, more premium players are entering the market, but the industry is still struggling to generate money outside of membership fees.
- Despite the fact that there are 3800 clubs and over a million members, penetration is only 0.12%. Penetration rates should climb in lockstep with rising average wages and the emergence of the middle class.
- While the business in China has seen rapid expansion across the board, smaller studios are increasingly catching up to big-box establishments.
Growing awareness of the benefits of a healthy lifestyle due to exercise and meditation is driving the positive growth of the fitness industry. Fitness lessons shared through online blogs and social media platforms will expand the scope of the industry and will help create an overall good mortality rate.