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IBISWorld Industry Market Research: The U.S. Gym, Health & Fitness Clubs Industry is Expected to Earn Revenue of $30.1 billion in 2016

IBISWorld
Posted on: 24 Nov 16

NEW YORK, Nov. 23, 2016 /PRNewswire/ -- According to International Health, Racquet and Sportsclub Association (IHRSA) data, the number of health club memberships in the United States rose in 2014 (latest data available) to 54.1 million, up from 51.4 million in 2011. Over the past five years, more gym attendees have memberships to both niche establishments (e.g. yoga studios) and chain gyms.

For the full report, visit IBISWorld's Gym, Health & Fitness Clubs in the U.S. industry report page.

Further driving demand for industry services, many health-conscious individuals have incorporated fitness into their daily regimen. The number of adults aged 20 to 64, the largest gym-going demographic, has grown, spurring demand for gym memberships over the period. As a result, in the five years to 2016, industry revenue is expected to grow at an annualized rate of 2.4% to $30.1 billion, including a 2.2% rise in 2016, as more consumers value fitness as a means to bolster their overall health.

Over the five years to 2021, many baby boomers are expected to sign up for health club memberships as they grow more health-conscious due to their age. Consequently, industry revenue is forecast to grow over the five-year period. According to IBISWorld Industry Analyst Andrew Alvarez, "consumers are anticipated to increasingly substitute large, all-inclusive clubs for low-cost memberships, propelling industry revenue upward."

Similar industries:

Golf Driving Ranges & Family Fun Centers
Weight Loss Services

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IBISWorld industry Report Key Topics

Industry Performance
Products & Markets
Globalization & Trade
Major Companies
Operating Conditions
Key Statistics

About IBISWorld Inc.
Recognized as the nation's most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every U.S. industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. For more information, visit www.ibisworld.com or call 1-800-330-3772.

Contact Information
Kathryn White
Media Relations Specialist
Kathryn.white@ibisworld.com
+1 917-267-0351 Ext: 351

For more information:
www.ibisworld.com

Editor's Details

Mike Wood
PharmiWeb.com
www.pharmiweb.com
editor@pharmiweb.com

Last updated on: 24/11/2016

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