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 SWOT Analysis Chapter
IBISWorld expects that the Boxing Gyms and Clubs industry is in the mature phase of its life cycle. Over the 10 years through 2017-18, the industry's contribution to the Australian economy has grown. This is measured by industry value added, which is expected to grow at an annualised 0.5% over the 10-year period. While this shows an increasing contribution, it is an underperformance of GDP, which is forecast to increase at an annualised 2.4% over the period.
Despite increasing interest in boxing and martial arts as fitness exercises, this will not be enough to boost the industry back into a growth phase because the competitive segment is declining. This segment is a substantial revenue generator for boxing gyms and clubs... purchase to read more