Published on : Jun 19, 2017
Albany, New York, June 19, 2017: The report, titled “Global Gym and Health Clubs Market Size, Status and Forecast 2022,” has been compiled to contribute as a credible business document for the stakeholders of the gym and health clubs market such as owners of these facilities, manufacturers and suppliers of gym equipment, real estate organizations, and venture capitalists. Besides segmenting the market into basic parts in order to understand the lucrativeness of smaller aspects of this market, the report also profiles a number of leading vendors operating in the global gym and health clubs market in order to represent the competitive landscape, opportunities for new entrants, and recent strategic developments that may reshape the dimensions of the market in the near future.
As per the findings of the report, the global market for gym and health clubs will grow at a steady CAGR due to several factors, including the growing number of millennials and baby boomers joining gym, growing health awareness via social media, and increased focus on healthy diets in addition to work out at gym and health clubs. In addition to that, escalating geriatric population and prevalence of chronic diseases such as diabetes, arthritis, and cancer is urging people to work out at gyms in order to improve their quality of life. Increasing public and private partnerships and rising cost of healthcare services are two trends that bode well for the future of the gym and health clubs market. Each of these factors have been analyzed by the report and their eventual impact over the market has been estimated.
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Based on type, the report segments the global gym and health clubs market into total admission free and membership fee. End users or applications of this market can be mass consumption or high end consumption. Geographically, the report takes stock of countries such as the U.S., Japan, China, and India as well the regions of European Union and Southeast Asia. In the U.S., the market is expected to gain from technological innovations in fitness equipment, obesity concerns, and growing geriatric population. In this developed country, several vendors are introducing innovative equipment such as heart rate treadmills, wherein health clubs are offering spa services, body lympthatic treatment, and hand therapy. In Europe, the market for gym and health clubs is gaining from cardiovascular fitness equipment, increasing awareness among the consumers, and health-related initiatives by government agencies.
The global gym and health clubs market represents a fragmented competitive landscape, with the presence of several regional as well as international players. Factors such as diverse services offered, pricing, and value added services are expected define the market leader in the near future. Some of the key companies currently operating in the global gym and health clubs market that have been profiled in this report are Bev Francis’s Powerhouse Gym, Original Temple Gym, Metroflex Gym, Titan Fitness, Gold's Gym, McFIT, UFC Gym, X Sport Fitness, Fitness Planet, Scandinavian Fitness, Equinox, Fitness International, Crunch Fitness, David Lloyd Leisure, and Virgin Active.
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