Gym, Health & Fitness Clubs in the Us Industry Report.P
13404 words 54 pagesWWW.IBISWORLD.COM
Gym,Health&FitnessClubsintheUS June 2011
Working out: Business will stay strong as demand from health-conscious consumers grows
IBISWorld Industry Report 71394
Gym, Health & Fitness Clubs in the US
2 2 2 2 Industry Definition Main Activities Similar Industries Additional Resources 16 International Trade 17 Business Locations
30 Industry Data 30 Annual Change 30 Key Ratios
19 Market Share Concentration 19 Key Success Factors
3 IndustryataGlance 4 IndustryPerformance
4 4 5 7 Executive Summary Key External Drivers Current Performance Industry Outlook
19 …show more content…
In fact, a number of these smaller operators have expanded over the last two years, despite the tough economic climate. Overall, industry revenue is expected to grow at an average annualized rate of 1.7% to $24.8 billion over the five years to 2011, including growth of 2.3% in 2011. Over the next five years, the industry will benefit from increased youth and baby boomer memberships. IBISWorld forecasts that revenue will expand at an average annualized rate of 3.2% to $29.1 billion over the five years to 2016, while profit is expected to grow at a faster rate of 5.3% per year. Firms will profit from the growing interest in staying fit, as well as industry efficiencies from migrating toward larger and all-inclusive clubs. With total health club memberships expected to reach 47.5 million in 2016, players will capitalize on this growth and provide members with additional services in a bid to increase registration and retention rates.
Participation in sports When more people become aware of the importance of maintaining physical fitness, gyms and health and fitness clubs will experience an increase in demand. An increase in sports participation will increase the demand for membership in the gym, health & fitness club industry. This driver is expected to increase slowly over the next year, representing a potential opportunity for the industry.
Time spent on fitness activities As more people choose to spend