Is the gym and fitness industry growing in the UK and by how much?

Characteristic Market size in billion British poinds

How much has the fitness industry growing UK?

Summary of Key Facts

The number of fitness facilities in the UK is up from 7,038 to 7,239 this year. Total membership grew by 4.7% to 10.4 million. Total market value increased by 4.2% to £5.1 billion.

How much is the fitness industry growing?

From a revenue standpoint, the fitness and health industries are growing at a rate of 8.7% per year. As such, 8.7% of extra revenue is generated on an annual basis by all global fitness facilities. This extra market growth might contribute to the long-term development of other fitness-related products and services.

How much is the fitness industry worth 2021?

Questions Clients Ask About This Industry

The market size, measured by revenue, of the Gym, Health & Fitness Clubs industry is $37.0bn in 2021.

What is the most popular gym in the UK?

The companies holding the largest market share in the Gyms & Fitness Centres in the UK industry include David Lloyd Leisure Ltd, Nuffield Health, Pure Gym Ltd, Virgin Active Ltd, The Gym Group plc and Bannatyne Fitness Ltd.

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Is the gym industry growing in the UK?

While the market size of the fitness club industry in the United Kingdom grew to above two billion British pounds in the years leading up the pandemic, forecasts suggest that the value of the industry will fall to 1.62 billion British pounds in 2021.

Characteristic Market size in billion British poinds

What age group uses the gym 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 age group goes to the gym the most UK?

The age of the most frequent gym users across the UK is 72 years old, at eight visits per month * Those aged 70-79 are the decade most frequently using the gyms at 7.5 days a month on average. ** Over 65’s are the most frequent users across all UK clubs.

Is the fitness industry growing 2020?

The employment level in the Sports and Physical Recreation Activities industry has risen substantially over the period between 2000 and 2019 (from around 54,700 to 117,800), however levels have dropped by almost half in 2020, to 61,200, while projections indicate a rise to 133,900 by 2024.

Why do most gyms fail?

“Other than being under-capitalized, the biggest reason we see for health club failure is lack of business know-how and lack of proper implementation of sales and marketing strategies,” points out Thomas. “Another common misconception that many new gym owners have is that the gym will sell itself.”

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How profitable is the fitness industry?

The global health club industry has generated $94 billion over the past 12 months, up from $87.2 billion the previous year. With a global growth rate of 8.7%, we’re seeing positive signals that the fitness industry will continue to grow. On this trajectory, the fitness market is set to hit $106 billion in 2020.

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.

Why does everyone go to the gym now?

Often overlooked, going to the gym has just as many mental health benefits as it does physical health benefits. Getting your endorphins flowing helps to clear the mind, ease stress and feel re-energised, enhancing your productivity for the day and lifting your mood.

Is fitness a good market?

US Fitness Market Size

The US is the world’s largest health and wellness market, with 41,370 clubs, and an annual growth rate of 4.5% (pre-Covid). Industry revenue is growing at a slightly higher rate of 8.4% and is currently estimated at $35 billion.