Fitness Centers Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 2/3/2014
SIC Codes: 7991, 7997
NAICS Codes: 71394
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
View Full Sample Add To Cart

Excerpt from Fitness Centers Industry Profile

Companies in this industry operate fitness and recreational sports facilities that offer fitness equipment, exercise classes, swimming pools, and fitness instruction services. Major companies include 24 Hour Fitness, Gold’s Gym, LA Fitness, and Life Time Fitness (all based in the US), along with Fitness First (Luxembourg, with clubs in the UK, Australia, Middle East, and North Africa), Konami Sports & Life (Japan), McFit (Germany, with clubs in Austria and Spain), and Virgin Active (UK, with clubs in Europe, South Africa, and Australia).

Worldwide, fitness centers generate about $76 billion in revenue, according to the International Health, Racquet & Sportsclub Association. Besides the US, countries where consumers spend the most money on fitness include Italy, the UK, Germany, and Japan, according to European think tank The Stockholm Network.

The US fitness centers industry includes about 27,000 companies and nonprofits in the US that operate about 30,000 fitness and recreation centers with combined annual revenue of around $22 billion. About 2,600 centers are operated by YMCAs.

COMPETITIVE LANDSCAPE

Demand is partly linked to income levels and partly to market demographics. The profitability of individual companies depends on good marketing. Large companies have economies of scale in advertising and in buying equipment. Small companies can compete effectively if they have favorable locations or meet customer demands for personalized service and friendly atmosphere. The industry is fragmented in the US: the 50 largest companies account ...

 
View Full Sample Add To Cart Return to the Industry Profile Menu

Related Profiles

Here are a few profiles related to Fitness Centers that you also might be interested in viewing:

Would you or your company benefit from having unlimited access to First Research's industry intelligence tools?

Learn More About Subscription Options