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Research Outline
Prepared for Derek F. | Delivered July 30, 2019
Gym Market
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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.
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Early Findings
GLOBAL
The 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 member
s up by
20 million members
since 2017.
Based solely on revenue, the largest health club operators worldwide include
LA Fitness ($2.1 billion)
,
K
o
n
a
m
i
Sports & Fitness ($2.02 billion
)
,
L
i
f
e
T
i
m
e
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
J
a
z
z
e
r
c
i
s
e
.
US
The 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 i
n 2017.
US health clubs serve about
71.5 million
consumers.
In the US, the largest gym chains are
LA Fitness,
L
i
f
e
T
i
m
e
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.
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