HEALTH AND FITNESS CLUB MARKET SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS (2023 - 2028)

 Analysis of the health and fitness club market

Currently valued at USD 70.3 billion, the worldwide health and fitness club market is expected to grow at a CAGR of 11.86% over the following five years.

Due to rising fitness awareness among the youthful population, the industry has seen a jump in memberships post-COVID-19 that has somewhat matched and even surpassed the numbers reported in prior years. With the health benefits being a major factor in the expansion of the global market, consumers are prepared to spend more on health and fitness facilities. 

Consumers are drawn to join health and fitness clubs due to the increase in gyms and health clubs offering personal training and the newest exercise equipment, which will probably have an impact on market growth in the upcoming years. Additionally, a significant portion of the market boom can be linked to the surge in online education.

Consumer demand is growing for more fitness club amenities such hot yoga studios, high altitude training rooms, metabolic testing equipment, medical exercise sections, and day spas, which is assisting market expansion. Fitness clubs have affordable membership costs, and rising marketing and advertising expenditures are assisting in the growth of these businesses.

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