COVID-19: Gym And Health Clubs Market 2020-2024 | Rising Number of Fitness Centers and Health Clubs to Boost Market Growth
LONDON–(BUSINESS WIRE)–Sep 2, 2020–
Technavio has been monitoring the gym and health clubs market and it is poised to grow by USD 20.31 billion during 2020-2024, progressing at a CAGR of almost 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Gym and Health Clubs Market 2020-2024 (Graphic: Business Wire)
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. We offer $1000 worth of FREE customization
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Bev Francis Powerhouse Gym, Equinox Holdings Inc., Golds Gym International Inc., Metroflex Gym, Original Temple Gym, Planet Fitness Inc., Titan Manufacturing and Distributing Inc., Town Sports International Holdings Inc., UFC Gym, and Virgin Active Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
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The rising number of fitness centers and health clubs has been instrumental in driving the growth of the market. However, the dearth of trained workforce might hamper market growth.
Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
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Gym and Health Clubs Market 2020-2024: Segmentation
Gym and Health Clubs Market is segmented as below:
- Membership Fees
- Personal Training And Instruction Services
- Total Admission Fee
- Geographic Landscape
- North America
- South America
Gym and Health Clubs Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The gym and health clubs market report covers the following areas:
- Gym and Health Clubs Market Size
- Gym and Health Clubs Market Trends
- Gym and Health Clubs Market Industry Analysis
This study identifies the rising cost of healthcare services as one of the prime reasons driving the Gym and Health Clubs Market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Gym and Health Clubs Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist gym and health clubs market growth during the next five years
- Estimation of the gym and health clubs market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the gym and health clubs market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of gym and health clubs market, vendors
Table of Contents:
- Market ecosystem
- Market characteristics
- Value chain analysis
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 – 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Service
- Market segments
- Comparison by Service
- Membership fees – Market size and forecast 2019-2024
- Personal training and instruction services – Market size and forecast 2019-2024
- Total admission fee – Market size and forecast 2019-2024
- Market opportunity by Service
- Geographic segmentation
- Geographic comparison
- North America – Market size and forecast 2019-2024
- Europe – Market size and forecast 2019-2024
- APAC – Market size and forecast 2019-2024
- South America – Market size and forecast 2019-2024
- MEA – Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
- Vendor landscape
- Landscape disruption
- Vendors covered
- Market positioning of vendors
- Bev Francis Powerhouse Gym
- Equinox Holdings Inc.
- Golds Gym International Inc.
- Metroflex Gym
- Original Temple Gym
- Planet Fitness Inc.
- Titan Manufacturing and Distributing Inc.
- Town Sports International Holdings Inc.
- UFC Gym
- Virgin Active Ltd.
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
View source version on businesswire.com:https://www.businesswire.com/news/home/20200902005132/en/
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INDUSTRY KEYWORD: RETAIL FITNESS & NUTRITION HEALTH OTHER RETAIL
SOURCE: Technavio Research
Copyright Business Wire 2020.
PUB: 09/02/2020 06:45 PM/DISC: 09/02/2020 06:45 PM