Question: How Big Is The Fitness Industry In The US?

Is there money in the fitness industry?

With over 180,000 fitness clubs worldwide and an estimated $84 billion in revenue from memberships alone, it’s safe to say that the fitness industry is booming and it’s only going up from here.

We’ve rounded up our top 9 ways to make money in fitness without having to slave away in a gym coaching new people every week..

How competitive is the fitness industry?

Competition in the fitness industry is fierce with large, all-inclusive clubs vying against smaller independent gyms. There is also competition coming from other recreational activities and home fitness programs, such as the popular P90X. According to Byrnes, competition is good.

Trends in the Fitness IndustryWearable Fitness Technology. … Group Workouts. … High-Intensity Workouts. … Senior Fitness. … Bodyweight Training. … Fitness Professional Certifications. … Yoga. … Individual Trainers.More items…•

How many fitness apps are there?

During the first quarter of 2019, the number of available health and fitness apps in the Google Play store amounted to 37,143 apps.

How many gyms are in the US 2019?

41,370 gymsNumber of U.S. health clubs & fitness centers 2000-2019 In 2019, there were 41,370 gyms in the U.S.

How many people are in the fitness industry?

How many people are employed in the Gym, Health & Fitness Clubs industry in the US in 2020? There are 782,952 people employed in the Gym, Health & Fitness Clubs industry in the US as of 2020.

Which country goes to the gym the most?

UgandaUganda is the most physically active nation in the world, according to a recent report by the World Health Organization.

Is the fitness industry highly profitable?

According to the International Health, Racquet & Sportsclub Association (IHRSA), the health and fitness industry in the U.S alone was worth $30 billion in 2018 and has been growing at a steady rate of 3% for the last 10 years.

Why is physical fitness is important?

Regular exercise and physical activity promotes strong muscles and bones. It improves respiratory, cardiovascular health, and overall health. Staying active can also help you maintain a healthy weight, reduce your risk for type 2 diabetes, heart disease, and reduce your risk for some cancers.

How much is the fitness industry worth in the US?

Health and fitness clubs provide their customers with the infrastructure for their workouts and physical activity in exchange for a membership fee. The market size of the global fitness and health club industry has been steadily increasing in recent years, exceeding 96 billion U.S. dollars in 2019.

How big is the fitness app market?

The Global Fitness App Market size is expected to grow from USD 3,312.58 Million in 2019 to USD 13,016.77 Million by the end of 2025 at a Compound Annual Growth Rate (CAGR) of 25.61%. Based on the region, North America is expected to witness the highest growth during the forecast period.

Why the fitness industry is booming?

TEAM TRAINING. LIFE. CHANGING. Statistics reveal that the global fitness and health club industry generates over 80 billion U.S dollars in revenue per year. People are becoming more health conscious and, as a result, some fitness franchises are expanding every year. However, this is not the only reason for the boom.

How much is the wellness industry worth 2020?

Applying the CAGR of 5.9% to the current market size gives us the projected market size of the global health and wellness market as $4.94 trillion in 2020 and $5.54 trillion in 2022. The Global Wellness Institute (GWI) is a non-profit global research firm focused on the global wellness industry.

What are the best fitness apps?

The Best Fitness and Exercise Apps of 2020Map My Run.Fitness Buddy.JEFIT Workout Planner.Runkeeper.MyFitnessPal.10K Runner.Runtastic.30 Day Fitness at Home.More items…•

Who exercises the most?

Age The age group 18 to 44 was the most likely to exercise. Of those individuals age 18 to 44, 59.7 percent reported exercising at least three times a week for half an hour or more. This compares with 53.5 percent and 46.7 percent, respectively, for the age groups 45 to 64 and 65 and older (figure 1).

What countries are the most physically active?

Uganda is the most physically active country of the world, with 94.5% physical activity as of 2016.

How much is the fitness industry worth worldwide?

The health club industry continues to exhibit strong performance, especially in light of ongoing economic uncertainty. Globally, it generates an estimated US$75.7bn in annual revenue annually from more than 150,000 clubs.

Is the fitness industry growing?

According to the article, the growth rate of the global fitness industry is estimated to be 2.6% in 2018 while revenue totaled $83.1 billion in 2016.

What type of industry is a gym?

fitness industryThe fitness industry is considered to include both fitness centers such as gyms as well as weight loss centers. Here we are concerned with the fitness side – businesses that primarily provide infrastructure such as space, equipment, and training in exchange for a membership fee.

What is the beauty industry worth?

The revenue of the U.S. cosmetic industry is estimated to amount to about 49.2 billion U.S. dollars in 2019. Since the early twentieth century, the production of cosmetics has been controlled by a handful of multi-national corporations.

How big is the online fitness market?

08, 2020 (GLOBE NEWSWIRE) — According to the report published by Portland based research firm, Allied Market Research, the global online/virtual fitness market was estimated at $6.04 billion in 2019 and is expected to hit $59.23 billion by 2027, registering a CAGR of 33.1% from 2020 to 2027.