Industry Analysis & Industry Trends
The Boxing Gyms and Clubs industry has been stagnant over the five years through 2012-13. Boxing gyms and clubs have traditionally been tied to competitive sports, with many running competitive sparring tournaments. Over the past five years, revenue has struggled to remain afloat as boxing and other forms of martial arts have become less popular as competitive sports. IBISWorld expects this is largely due to the time commitment involved in organised participation and competitive boxing, which is creating a significant hurdle for participation by time-conscious consumers. The fear of injury has exacerbated this trend, with consumers fearing time off work or study to recover. As a result, industry revenue is expected to decrease at an annualised 1.0% over the five years through 2012-13... purchase to read more
Industry Report - Starting a New Business Chapter
Unlike larger fitness centres and general gyms, barriers to entry for boxing gyms and clubs are relatively low. Capital costs are minimised because most establishments are leased rather than purchased. This provides a relatively low cost basis for entry. The most significant capital requirement at start-up is the cost of purchasing gym equipment, such as weights, bikes, treadmills, punching bags, a boxing ring and other exercise equipment. Most heavy equipment, however, depreciates slowly once purchased and often lasts a long time. Maintenance and replacement costs are therefore relatively low. Many smaller start-up gyms also reduce initial costs by purchasing second-hand equipment.
Another barrier to entry is the experience required to start a reputable boxing gym... purchase to read more