Quick Answer: Is The Gym Industry Growing?

Is the fitness industry growing?

Today the global fitness industry is valued at nearly $100 billion.

The International Health, Racquet and Sportsclub Association found that boutique fitness is the fastest growing brick-and-mortar exercise category — between 2013 and 2017 membership at boutique studios grew by a whopping 121%..

How much money does a gym owner make?

So let’s take an average of the two Williams to see what sort of salary is achievable for an owner of one gym – $143,000. When you factor in that these are both relatively new gyms with growing membership rates, you should be expecting to earn more as your business grows, providing you keep costs in check.

Why is the fitness industry growing?

The expansion of budget gym chains and premium functional fitness, along with increasing awareness of the health benefits of physical activity and a growth in health consciousness are main contributors to growth. As a result, the fitness sector is expected to generate $2.5 billion in revenue in 2018-19.

How big is the gym industry?

The US market size for personal trainers reached $9 billion in 2017. The US gym industry had 36,540 health clubs/gyms and 57.3 million members in 2016. Finally, the US fitness industry (together with health clubs and gyms) had a total of $27.8 billion in revenue in 2017.

20 Fitness Trends You’ll See Everywhere in 2020, According to Trainers of 20. All-in-one fitness. … of 20. On-the-go wellness. … of 20. Community-driven fitness. … of 20. Digital on-demand fitness. … of 20. Virtual trainers. … of 20. A rise in rowing classes. … of 20. High-tech fitness boutiques. … of 20. High-tech fitness at home.More items…•

Are fitness studios profitable?

Boutique fitness studios can be highly profitable. You can expect to turn a profit within 6-18 months. However, you need to make sure you do everything right. If you choose the wrong location or messaging, charge the wrong prices, or pay for ineffective marketing, you risk losing money.

The Top Workouts Of 2019 — According To ClassPass1 of 5. Photo: Courtesy of Pure Barre. Barre. … 2 of 5. Photo: Courtesy of SLT. Pilates. … 3 of 5. Photo: Courtesy of Sweat Yoga. Yoga. … 4 of 5. Photo: Courtesy of Flywheel. Cycling. … 5 of 5. Photo: Courtesy of Tone House. Strength Training.

WalkingWalking is Most Popular Exercise Activity In recent years, of the relatively small group of people in the United States aged 15 years and older who engaged in sports or exercise activities on an average day, about 30 percent walked for exercise, making walking the most popular form of exercise overall.

Is a gym a service industry?

Most facilities are full service, but there are some clubs that offer paid services, such as personal training, strength training, cardio or group exercise. Some offer yearly memberships while others operate on a pay-per-class basis.

What are the highest paying jobs in the fitness industry?

Highest Paying Fitness Career OptionsJob TitleMedian Salary (2018)*Job Growth (2018-2028)*Exercise Physiologists$49,27010%Athletic Trainers$47,51019%Recreation and Fitness Studies Teachers, Postsecondary$62,62011%Fitness Trainers and Aerobics Instructors$39,82013%1 more row•Jan 18, 2020

What industry is a gym?

The 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.

How many people go to gym in the world?

More than 62.5 million gym members visit the gym 104 days per year while 9 million non-members hit the gym an average of 24 days every year. About 18% of members actually go to the gym consistently.

Which gym pays trainers the most?

Personal Trainer Salary Research Shows the Highest Paying Gyms24 Hour Fitness. Non-training hours at 24 Hour Fitness are minimum wage, but the gym does offer some attractive incentives. … Anytime Fitness. Anytime Fitness gyms are franchised and had varied payment structures. … Crunch Fitness. … Equinox. … LA Fitness. … Planet Fitness. … YMCA.

What are the best jobs in fitness industry?

10 Kickass Fitness Jobs Besides Personal TrainingFitness tech engineer. Average Salary: $125,000. … CEO of a gym chain. Average salary: Between $1-5 million. … Professor of kinesiology. Average salary: $63,600 for an assistant professor. … Physical therapist. … Fitness apparel designer. … Fitness model. … Fitness start-up partner. … Certified Strength and Conditioning Specialist.More items…