Industry Analysis & Industry Trends
The Sports Instructors industry has grown steadily over the past five years. Rising discretionary income over the past five years has resulted in consumers becoming more comfortable spending their income on non-essential products and services such as sporting lessons, although some of this extra income has been put towards payment for substitute forms of exercise. Strong competition from gyms, fitness centres and general fitness activities such as walking and running has limited revenue growth to a forecast compound annual rate of 1.0% over the five years through 2014-15, to reach $813.0 million. Similarly, growth of 0.9% is forecast for the current year... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Sports Instructors industry is in the mature stage of its economic life cycle. The industry has exhibited subdued growth over the past five years. Following the global financial crisis, positive economic conditions have made consumers more willing to spend on discretionary services like sports instruction. The industry has not realised the full benefits of increased discretionary income, as many consumers have substituted organised sport for other forms of exercise, including paying for gym memberships or participating in free activities like walking, running and cycling.
Industry value added (IVA) measures an industry's contribution to the overall economy. IVA is estimated to increase by a compound annual 1.9% over the 10 years through 2019-20... purchase to read more