Wonder

Research Outline

Prepared for Derek F. | Delivered July 30, 2019

Gym Market

Goals

To understand the market size of the gym industry and the key leaders in market for a possible investment in a new gym concept. 

Early Findings

GLOBALThe global market size of health clubs was about $87.2 billion in 2018. At the time, it was reported that there are over 201,000 health clubs globally with 174 million members up by 20 million members since 2017. 
Based solely on revenue, the largest health club operators worldwide include LA Fitness ($2.1 billion), Konami Sports & Fitness ($2.02 billion
), Life Time Fitness ($1.55 billion
), 24 Hour Fitness ($1.44 billion
), Anytime Fitness ($1.45 billion), and 
Equinox ($1.3 billion
).
The largest fitness franchises include Planet Fitness, Orange Theory, and Jazzercise.
USThe US has the "world’s largest health and wellness market." Its market size for health clubs is roughly $32.3 billion.  
 The US has the most health clubs worldwide with 39,570 health clubs like 24 Hour Fitness in the country. 
In the US alone, there are 62.5 million gym members as of 2018 compared to 60.9 million in 2017. 
US health clubs serve about 71.5 million consumers. 
In the US, the largest gym chains are LA Fitness, Life Time Fitness, and 24 Hour Fitness. 
A study done by IHRSA revealed than more than 1 in 5 Americans "belong to at least one U.S. health club or studio." 
Of note, the aforementioned data is specific to health clubs alone and does not factor in boutique studios, recreation centers, and gym in hotels or other locations. 