Overview

Slow burn: The industry's pace of expansion is slowing as the market reaches saturation

IBISWorld’s Gyms and Fitness Centres market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • The emergence of budget 24-hour gym chains has stimulated most of the industry's growth
  • The growing number of 24-hour gyms has taken market share away from traditional full-service gyms
  • The ageing population is likely to stimulate demand for class activities in full-service gyms

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    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...

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    Industry Report - Industry SWOT Analysis Chapter

    The Gyms and Fitness Centres industry is in the mature phase of its life cycle. The industry has grown strongly over the past five years due to the rapid rise of budget 24-hour gyms, which have provided more affordable and accessible options for consumers to attend gyms and fitness centres. Steady growth is expected to continue over the next five years, although 24-hour gyms are expected to reach their capacity with regard to market penetration.

    The unique cost structure of 24-hour gyms, with these gyms operating many hours of the day unstaffed, has reduced the wages paid to employees as a share of revenue. The falling share of wages has held back full growth in industry value added (IVA), which measures an industry's contribution to the overall economy. Ove..

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    Additional Insights for the Gyms and Fitness Centres Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Gyms and Fitness Centres Industry are

  • Carrying out all necessary maintenance to keep facilities in good condition
  • Having a high profile in the market
  • Easy access for clients
  • IBISWorld analysts also discuss how external factors such as Health consciousness and Average weekly hours worked in the Gyms and Fitness Centres industry impact industry performance..

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    Industry Products

    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
    Memberships
    Casual entry
    Merchandise
    Personal training
    Classes
    Industry Activities
    Fitness centre operation
    Gymnasium operation
    Health club operation

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Health consciousness
  • Average weekly hours worked
  • Real household discretionary income
  • Consumer sentiment index
  • Levels of obesity

  • Current Performance
  • Industry participation
  • Demand trends
  • 24-hour gym boom
  • Health trends
  • Chart: Revenue Growth

  • Industry Outlook
  • Table: Gyms and Fitness Centres Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Gyms and Fitness Centres Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Consumers
  • Sports and Physical Recreation Clubs

  • Key Selling Industries
  • Babysitting and Other Personal Services
  • Health Insurance
  • Toy and Sporting Goods Manufacturing

  • Products & Services
  • Memberships
  • Classes
  • Personal training
  • Merchandise
  • Casual entry
  • Chart: Gyms and Fitness Centres Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • People aged 15 to 34
  • People aged 35 to 54
  • People aged 55 and over
  • Chart: Major Market Segmentation for the Gyms and Fitness Centres Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Gyms and Fitness Centres

  • Basis of Competition
  • Internal
  • External

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Gyms and Fitness Centres Industry

  • Industry Globalization
    Major Companies
    Anytime Australia Pty LtdFitness First Australia Pty LimitedArdent Leisure Group24/7 Brands Pty Ltd
  • Table: Anytime Australia Pty Ltd - financial performance
  • Table: Fitness First Australia Pty Limited - financial performance
  • Table: Ardent Leisure Group - financial performance
  • Table: 24/7 Brands Pty Ltd - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Gyms and Fitness Centres Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Gyms and Fitness Centres Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Circuit Training
  • An exercise program that involves performing and repeating several exercises over a short time period.
  • Crossfit
  • A rounded exercise program provided by gyms that focuses on improving strength and conditioning.
  • Pilates
  • A physical fitness system that focuses on improving flexibility, core strength and endurance.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Gyms and Fitness Centres:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Gyms and Fitness Centres market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Gyms and Fitness Centres, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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