Healthy weight: Establishment numbers have increased due to the popularity of 24-hour gyms

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 most of the industry's growth. Franchises like Anytime Fitness and Jetts Fitness have undergone exceptional growth over the five-year period, attracting new customers with their affordability and accessibility. Rising health consciousness and high obesity levels have triggered further gym membership growth. However, many consumers are substituting expensive full-service gym memberships with more affordable 24-hour gym memberships, which has slightly restricted industry growth. Industry revenue is expected to grow at an annualised 5.3% over the five years through 2017-18, to $2.2 billion...read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 13-18
5.3%
Forecast Growth 18-23
Profit
Employment
14,549
Businesses
4,418

Industry Threats & Opportunities

  • The emergence of budget 24-hour gym chains has stimulated most of the industry’s growth
  • Popular 24-hour gyms have taken market share away from traditional full-service gyms
  • The ageing population will likely stimulate demand for class activities in full-service gyms
  • Industry Report - Starting a New Business Chapter

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

    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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    What's in this report

    What is the Gyms and Fitness Centres Industry?

    Industry businesses mainly operate health clubs, fitness centres and gymnasiums, and provide a range of fitness and exercise services.

    Industry Products
  • Memberships
  • Casual entry
  • Personal training
  • Classes
  • Industry Activities
  • Fitness centre operation
  • Gymnasium operation
  • Health club operation
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    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
  • The 24-hour gym boom
  • Health trends
  • Chart: Revenue Growth

  • Industry Outlook
  • Industry participation
  • Market saturation
  • Interest in fitness
  • 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

  • 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
  • Personal training
  • Other
  • Classes
  • 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
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Rent
  • Depreciation
  • Other
  • 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
    Fitness and Lifestyle Group TopCo Pty Ltd, Anytime Australia Pty Ltd, Fernwood Women's Health Clubs Pty Ltd,
  • Table: Fitness and Lifestyle Group TopCo Pty Ltd - financial performance
  • Table: Anytime Australia Pty Ltd - financial performance
  • Table: Fernwood Women's Health Clubs Pty Ltd - financial performance

  • 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
    Table: Industry Data for the Gyms and Fitness Centres Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    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.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Gyms and Fitness Centres market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

    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
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    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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