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 - Industry Locations Chapter
The geographic spread of the Gyms and Fitness Centres industry closely follows population distribution. Successful gyms maximise convenience by having premises located close to where their customers work or live. Fitness centres therefore tend to be centralised within metropolitan areas, with many located within suburban shopping areas. Some gyms target the corporate workforce by locating within central business districts. Areas of higher average discretionary income tend to have a greater concentration of establishments.
New South Wales and Queensland are both slightly overrepresented in enterprises when compared with their population shares, while Victoria is slightly under-represented... purchase to read more