Industry Analysis & Industry Trends
The Gyms and Fitness Centres industry has run into trouble during the past five years. Challenging economic conditions have led some gym goers to cancel their gym membership or 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, established players like Fitness First and LA Fitness have suffered from falling membership numbers and been forced to sell or close gyms. Meanwhile, newer budget operators like Pure Gym 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 0.8% over the five years through 2014-15... 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 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 18.9% of industry establishments. The capital is home to the highest proportion of the population. Londoners are more likely to have people with higher average incomes, be more health conscious and work longer hours than other regions. High population density and a lack of open spaces also makes London suitable for a high number of gyms... purchase to read more