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 - Industry Key Buyers Chapter
The industry is made up of many small, privately owned gyms. There are no large players controlling any significant portion of industry revenue. Therefore the industry is considered to have a very low level of concentration. Almost all of the enterprises in the industry have only one establishment, with most either being non-employing or employing only a handful of staff.
However, declining enterprise numbers due to increasing competition from larger fitness centres, such as Fitness First, is causing concentration to increase slightly. In addition, many of boxing gyms are beginning to increase the number of employees they hire to accommodate more boxing and circuit classes designed to compete with regular classes at other gyms... purchase to read more