Industry Analysis & Industry Trends
The Sports Instructors industry has been adversely affected by the global financial crisis over the past five years. The global financial crisis resulted in subdued growth in discretionary income and a rapid rise in the household savings ratio, preventing consumers from sport participation and spending on non-essential sports instruction. This was partially offset by a rise in available leisure time as demand for labour throughout the economy dropped. Subdued growth was also the result of strong competition from gyms, fitness centres and general fitness activities such as walking and running. These factors have resulted in the industry undergoing slow growth at a compound annual rate of 1.4% over the five years through 2013-14, to total $799.2 million. Low growth of 1.1%... 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. Discretionary income declined and household savings increased in the aftermath of the global financial crisis, limiting revenue growth for sports instructors. In addition, the industry continually competes with substitute activities such as the use of general fitness instructors and individuals participating in aerobic sports that require no instruction, such as 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 2.4% over the 10 years through 2018-19... purchase to read more