Industry Analysis & Industry Trends
The Gyms and Fitness Centres industry covers the operation of gyms and health and fitness clubs, which include personal training services offered through a gym but not the activities of independent personal trainers. Gyms generally offer their services on a membership basis and require customers to sign a contract. Gyms can be broadly classified as low-market, mid-market and high-market based on the price of their memberships and the facilities they offer. Despite the presence of several large players in the industry, there are still many small independent gyms operating across the United Kingdom. However, mergers and acquisitions between operators have occurred in recent years, indicating that the structure of the industry is changing... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The industry is in the mature phase of its life cycle with industry value added estimated to increase at a compound annual rate of 2.6% over the 10 years through 2021-22. This compares with average GDP growth of 2.3% over the same period. The industry started consolidating recently, with some major companies expanding their market share by buying up smaller chains and independent gyms. This trend is expected to continue over the coming years.
There is now a wide range of gyms and health clubs offering a great diversity of services and membership options that cater to individual needs... purchase to read more