Overview

Great shape: The increasing popularity of 24-hour gyms has lifted the industry's performance

The Gyms and Fitness Centres in New Zealand market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

REPORT SNAPSHOT

Industry Analysis & Industry Trends

The Gyms and Fitness Centres industry has expanded rapidly over the past five years, following significant structural change. The rising popularity of 24-hour budget gym chains has been the main driver of industry growth. Budget gyms such as Jetts Fitness and Snap Fitness are able to offer consumers affordable memberships, flexibility and convenience. This has attracted many new consumers to the industry, who were previously unable to pay for expensive full-service memberships, or could not get to the gym during regular opening hours. Rising discretionary incomes and positive consumer sentiment have also encouraged increased expenditure on industry services over the past five years...

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Industry Report - Starting a New Business Chapter

The Gyms and Fitness Centres industry exhibits moderate barriers to entry and this trend has remained stable over the past five years. The main factors that prevent firms from entering the industry include initial capital requirements and potential franchise fees. Some brands require an initial capital base upwards of $100,000 to qualify as a franchise owner. However, some branded chains may offer in-house finance or other financial aids to help with initial start-up fees. Smaller players also face extensive start-up costs, which include interior fit-outs, marketing, permits, insurance and the cost of equipment.

Cashflow is another entry barrier, as it can take a while for a gym or fitness centre to gain a membership base big enough to break-even. Fre..

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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

  • Ensuring pricing policy is appropriate
  • Easy access for clients
  • Having a high profile in the market
  • IBISWorld analysts also discuss how external factors such as Health consciousness and Real household discretionary income in the Gyms and Fitness Centres industry impact industry performance..

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    New Zealand Special Report

    Industry Products

    What is the Gyms and Fitness Centres in New Zealand Industry?

    Firms in the industry operate health clubs, fitness centres and gymnasiums. The industry provides a range of fitness and exercise services.

    Industry Products
    Memberships
    Fitness classes
    Personal training
    Other products and services
    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
  • Real household discretionary income
  • Consumer sentiment index
  • Levels of obesity

  • Current Performance
  • Consumer demand
  • 24-hour gyms
  • Industry participation
  • Profit
  • Chart: Revenue Growth

  • Industry Outlook
  • Industry demand
  • Profit
  • Industry structure
  • 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 in New Zealand
  • Sports and Physical Recreation Clubs in New Zealand

  • Key Selling Industries
  • Electricity Retailing in New Zealand
  • Health Insurance in New Zealand

  • Products & Services
  • Memberships
  • Fitness classes
  • Personal training
  • Other products and services
  • Chart: Gyms and Fitness Centres Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Consumers aged 15 to 34
  • Consumers aged 35 to 54
  • Consumers 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
  • Profit
  • Wages
  • Rent
  • Depreciation
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Gyms and Fitness Centres

  • Basis of Competition
  • Internal competition
  • External competition

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

  • Industry Globalization
    Major Companies
    Duval LimitedLift Brands New Zealand LimitedLes Mills Holdings LimitedCityFitness Group Limited
  • Table: Duval Limited - financial performance
  • Table: Lift Brands New Zealand Limited - financial performance
  • Table: Les Mills Holdings Limited - financial performance
  • Table: CityFitness Group Limited - 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 (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
    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 in New Zealand:
    • 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 in New Zealand 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 in New Zealand, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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