Industry Analysis & Industry Trends
The Gyms and Fitness Centres industry has grown strongly over the past five years while undergoing considerable structural change. The emergence of budget 24-hour gym chains has stimulated the majority of industry growth. Franchises like Anytime Fitness and Jetts Fitness have undergone exceptional growth over the past five years, attracting new customers with their affordability and accessibility. Rising health consciousness and high obesity levels have triggered further growth in gym memberships. However, many consumers are substituting their expensive full-service gym memberships for more affordable 24-hour gym memberships, which has slightly restricted growth. Industry revenue is expected to grow at a compound annual rate of 9.3% over the five years through 2016-17, to reach $2.1... 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