Gym, Health & Fitness Clubs in the Us Industry Report.P

13404 words 54 pages
WWW.IBISWORLD.COM

Gym,Health&FitnessClubsintheUS June 2011

1

Working out: Business will stay strong as demand from health-conscious consumers grows

IBISWorld Industry Report 71394

Gym, Health & Fitness Clubs in the US
June2011
2 AboutthisIndustry
2 2 2 2 Industry Definition Main Activities Similar Industries Additional Resources 16 International Trade 17 Business Locations

TaylorHamilton

30 KeyStatistics
30 Industry Data 30 Annual Change 30 Key Ratios

19 CompetitiveLandscape
19 Market Share Concentration 19 Key Success Factors

31 Jargon&Glossary

3 IndustryataGlance 4 IndustryPerformance
4 4 5 7 Executive Summary Key External Drivers Current Performance Industry Outlook

19
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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.

KeyExternalDrivers

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

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