SEARCH   
MEMBER LOGIN    

Gyms and Fitness Centres in Australia: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Gyms and Fitness Centres Market Research Report | ANZSIC R9111 | Mar 2016

Great shape: The lower wage costs of budget 24-hour gyms have boosted profitability

IBISWorld’s Gyms and Fitness Centres market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Industry Statistics & Market Size
Revenue
$1bn
Annual Growth 11-16
3.5%
Annual Growth 16-21
Add to Cart
Profit
Add to Cart
Employment
20,159
Businesses
3,356
Industry Analysis & Industry Trends

The structure of the Gyms and Fitness Centres industry has changed considerably over the past five years, steering towards healthy growth. The emergence of budget 24-hour gym chains has stimulated the majority of this growth. Franchises like Anytime Fitness and Jetts Fitness have grown exponentially over the past five years, attracting customers with their affordability and accessibility. Rising health awareness and high obesity levels have triggered further growth in gym memberships, although consumers are substituting their expensive full-service gym memberships for more affordable 24-hour gym memberships, which has restricted growth. Industry revenue is forecast to grow at a compound annual rate of 3.5% over the five years through 2015-16, to reach $1.4 billion... purchase to read more

Industry Report - Starting a New Business Chapter

Barriers to entry include significant initial capital investment, potential franchise fees and cashflow issues, while the high degree of industry competition presents a significant barrier to success. The initial cost involved in opening a gym or fitness centre is relatively high. It can be difficult to find a suitable location, which then has to be purchased or rented. Gym equipment can also be very expensive, particularly as new gyms require good-quality equipment to keep up with established players in the industry. Leasing gym equipment can be a workaround to initial capital costs... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Gyms and Fitness Centres Industry?

Businesses in the industry mainly operate health clubs, fitness centres and gymnasiums, and provide a range of fitness and exercise services.

Industry Products
MembershipsCasual entryMerchandisePersonal trainingClasses
 
Industry Activities
Fitness centre operationGymnasium operationHealth club operation


View Sample
Quote
Select Clients