Industry Analysis & Industry Trends
The Gyms and Fitness Centres industry ran into trouble at the start of the five years through 2015-16. Challenging economic conditions caused some gym goers to cancel their gym membership or opt to exercise independently at no cost. Other gym goers have traded down to a new breed of budget gyms, which do not require long-term contracts and charge less because they only offer basic services. As a result, a number of established industry players suffered from falling membership numbers and have been forced to sell or close gyms. Meanwhile, newer budget operators have done well, attracting the investment to finance further expansion in the next five years. IBISWorld expects industry revenue to increase at a compound annual rate of 1.3% over the five years through 2015-16... purchase to read more
Industry Report - Industry Locations Chapter
Gyms and fitness centres are largely concentrated in urban areas. These areas can support more clubs because the population density is higher and there are fewer alternative exercise options in an urban environment. The lack of large spaces in central locations mean that many gyms are found on the edge of towns, although this is changing slightly as more small gyms and studios are opened on high streets. The distribution of revenue and establishments by region largely follows the spread of population and income across the United Kingdom.
London contains the most gyms and fitness centres in the United Kingdom, with 19.7% of industry establishments. The capital is home to the second highest proportion of the population... purchase to read more