Health and Fitness Club Market Size

Statistics for the 2023 & 2024 Health and Fitness Club market size, created by Mordor Intelligence™ Industry Reports. Health and Fitness Club size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Health and Fitness Club Industry

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:
Health And Fitness Club Market Summary
share button
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 12.00 %
Fastest Growing Market Asia-Pacific
Largest Market North America
Market Concentration Low

Major Players

Health and Fitness Club Market Major Players

*Disclaimer: Major Players sorted in no particular order

setting-icon

Need a report that reflects how COVID-19 has impacted this market and its growth?

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:

Health and Fitness Club Market Analysis

The health and fitness club market size is estimated at USD 98.14 billion in 2023. It is projected to reach USD 172.95 million by 2028, registering a CAGR of 12.00% during the forecast period (2023-2028).

  • Consumers are willing to spend more on health and fitness clubs, with the health aspects playing a pivotal role in global market growth. The rising number of health clubs and gyms with personal training and the latest fitness equipment attracts consumers to join health and fitness clubs, influencing the market. A sudden surge in online courses is further contributing to the market growth.
  • For instance, in December 2022, Wondercise announced the launch of its gamified online and in-gym group fitness concept in Taiwan for the Consumer Electronics Show (CES) 2023. The company claims this concept helps users compete on the same leaderboard during the same class, whether in the studio or a remote location.
  • Equipment and facility spaces in fitness clubs, such as hot yoga studios, high altitude training rooms, metabolic testing equipment, medical exercise areas, and day spas, are gaining popularity among consumers, further supporting market growth. Fitness clubs offer attractive membership fees while increasing marketing and advertisement spending, helping health and fitness clubs generate more revenue.
  • For instance, Smart Fit is one of the leaders in the fitness sector across Latin America. According to the Smart Fit company financial statement, it is mentioned that the membership base at clubs continued to grow during the first two months of 2023, adding 361,000 new members. Hence, all the above factors positively drive the health and fitness club market.

Health and Fitness Club Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)