The $30 billion health and fitness industry in the U.S. has been growing by at least 3 – 4% annually for the last ten years and shows no signs of slowing down anytime soon. If anything, it’s. The North American market had an estimated size of more than 32 billion U.S. dollars in 2017, of which around 90 percent, around 30 billion U.S. dollars, was attributable to the United States.
The Global Fitness And Recreational Sports Centers Market size was $83,680 million in 2016, and is expected to reach $113,116 million by 2023, registering a CAGR of 4.4% from 2017 to 2023. Fitness and recreational sports centers comprise establishments or facilities that have equipment for exercising and other active physical fitness.
Global fitness center market size. For comparison, the $134 billion wellness real estate market is now about 1.5% of the total annual global construction market and about half the size of the global green building industry.**** There are now more than 740 wellness real estate and community developments built or in development across 34 countries – a number that grows weekly. The global fitness and recreational sports centers market size was $83,680 million in 2016, and is expected to reach $113,116 million by 2023, registering a CAGR of 4.4% from 2017 to 2023. Consumers are engaging with fitness and wellness companies more than ever before. Today the global fitness industry is valued at nearly $100 billion.
Industry Trends. Fitness Equipment Market size valued at USD 12 billion in 2019 and is anticipated to grow at 4% CAGR between 2020 and 2026.The global industry shipments are projected to exceed 14 million units by 2026. Rising awareness about health and well-being among consumers is driving the market growth. Gyms, Health & Fitness Clubs Global Industry Almanac 2014-2023 May 2020 $ 2995 Global Fitness Equipment Market: Industry Analysis & Outlook (2019-2023) April 2019 $ 800 Home Fitness Equipment Global Market Report 2020-30: Covid 19 Implications and Growth July 2020 $ 4000 Gyms used to be big box stores – lots of equipment for cardio and weight training, with personal training available, racquetball maybe, and a pool. And those are still around – but this is an industry that has seen variety become the spice of life. Traditional exercises are being transformed into specialties and new programs are being developed at a breakneck pace.
The statistic depicts the global market size of the health club industry from 2009 to 2018. In 2018, the global health and fitness club industry generated estimated revenues of 94 billion U.S. Global health and fitness club market is projected to grow at a CAGR of 7.8% during the forecast period. Consumers are willing to spend more on health and fitness club, with health aspect playing as a key role to drive the market growth across the world. The fitness equipment market size was valued at $11.5 billion in 2019, and is expected to reach $15.2 billion by 2027, registering a CAGR of 3.5% from 2020 to 2027. The cardiovascular training equipment segment led in terms of fitness equipment market share in 2019 and is expected to retain its dominance throughout the forecast period.
2019 Fitness Industry Trend: Global Market Growth Global markets continue on an upward trend, from club revenue to number of facilities, according to the 2019 IHRSA Global Report . Worldwide, the industry saw membership grow to a “record-high” 183 million users, revenue totaling an estimated $94 billion, and club count exceeding 210,000. European Health & Fitness Market Report 2018 11 As shown in Figure 1, Germany (EUR 5.2 billion market size) and the United Kingdom (EUR 5.1 billion) are the two largest national fitness markets in Europe, with Germany taking first place for the first time in 2017. However, this was due to the depreciation of Global Fitness Market. The global health club market is worth approximately $94 billion, with 210,000 clubs and over 183 million members worldwide. In terms of fitness market growth, this is an increase of 9 million members since 2018 which demonstrates a strong performance.
The global fitness equipment market size was estimated to be valued over USD 10.01 billion in 2014 and is expected to grow at a CAGR of over 3.5% over the forecast period. Growing urban population and increasing health awareness amongst the people are expected to drive the global market for the next seven years. What is the market size of the Gym, Health & Fitness Clubs industry in the US? IBISWorld's statistic shows that as of 2020 the market size of the Gym, Health & Fitness Clubs industry is $34.1bn a decline of -10.1% from 2019. Gym Market Size, Growth & Trends. Here are the latest gym industry statistics that demonstrate its market size, growth, and trends… The health club market is worth $96.7 billion globally and has grown every year since 2008 [IHRSA 2020].; In the USA, there were more than 6 billion gym visits to 41,370 facilities in 2019 (this excludes hotel gyms) [IHRSA 2020].
Each year, the Global Wellness Summit (GWS) identifies new trends that will have a meaningful impact on the $4.2 trillion wellness industry. Significantly, this is the only wellness forecast that draws from the insights of the 600+ executives who were delegates and presenters at the 2018 Global Wellness Summit. Wellness real estate is a $134 billion global market in 2017, projected to grow to $198 billion in 2022. The sector grew by 6.4 percent annually from 2015–2017. Wellness real estate represents about 1.5 percent of the total annual global construction market and about half the size of the global green building industry.