The global fitness industry is a rapidly growing sector, with the market size estimated to reach $96.7 billion in 2019 and expected to grow further over the next few years. According to Statista, there were 210,000 health and fitness clubs worldwide in 2019 while 184 million people around the world had memberships at these facilities. The United States has the highest number of fitness centers with approximately 41,259 clubs in 2019; North America also held the largest share of revenue for health club markets at $37.6 billion that same year.
In addition to traditional gym memberships and classes, other aspects of this industry are experiencing growth as well – such as wearable technology which is predicted by Mordor Intelligence to be worth an estimated $62 billion by 2025; online platforms generating up to $6 billion due largely from COVID-19 pandemic restrictions; virtual fitness services projected by Research Dive’s report on Virtual Fitness Market Analysis 2020-2027 reaching nearly 60 Billion USD globally by 2027; and even apps like those offered through Allied Market Research expecting a CAGR (Compound Annual Growth Rate) of 21% during 2020–2027 according Fortune Business Insights’ Global Fitness Equipment Market Report 2021 – 2028 predicting 3.2% CAGR between 2020 & 2025 for their segment alone.
These statistics demonstrate just how much potential lies within this ever expanding field – so let’s take a closer look into some more detailed figures about what makes up today’s global fitness industry landscape.
This statistic is a testament to the immense size and scope of the global fitness industry. It speaks to the immense potential of the industry, and the potential for growth and development. It also serves as a reminder of the importance of staying fit and healthy, and the need for people to invest in their physical and mental wellbeing.
The number of health and fitness clubs worldwide reached 210,000 in 2019.
This statistic is a testament to the immense growth of the global fitness industry. It shows that more and more people are taking an interest in health and fitness, and that the industry is thriving. This is an important indicator of the health of the industry, and it is a key piece of information for anyone looking to understand the current state of the global fitness industry.
Global Fitness Industry Statistics Overview
The global fitness equipment market is expected to reach $14.7 billion by 2028.
This statistic is a testament to the immense potential of the global fitness industry. It shows that the market is expected to grow exponentially over the next decade, indicating that the industry is ripe for investment and innovation. This is an exciting prospect for those looking to capitalize on the industry’s growth and make a positive impact on the health and wellness of people around the world.
There were approximately 184 million fitness club members worldwide in 2019.
This statistic is a testament to the immense popularity of fitness clubs worldwide. It shows that the global fitness industry is thriving, with millions of people around the world taking advantage of the benefits of joining a fitness club. This statistic is an important indicator of the health and wellness of people around the world, and it is a key piece of information for anyone interested in the global fitness industry.
The United States has the highest number of fitness centers with approximately 41,259 clubs in 2019.
This statistic is a testament to the United States’ commitment to health and fitness. With the highest number of fitness centers, it is clear that the US is leading the way in providing access to fitness and health resources. This statistic is a great indicator of the importance of fitness in the US and serves as a reminder of the importance of staying active and healthy.
In 2019, North America had the largest health club market share with $37.6 billion in revenue.
This statistic is a testament to the immense popularity of fitness in North America. It shows that the region is leading the way in terms of revenue generated from health clubs, indicating that the fitness industry is thriving in the area. This is an important insight for anyone interested in the global fitness industry, as it provides a valuable indication of the potential for growth in other regions.
The wearable fitness technology market is expected to reach $62 billion by 2025.
This statistic is a testament to the immense potential of the global fitness industry. It shows that the market for wearable fitness technology is expected to skyrocket in the coming years, indicating that the industry is ripe for investment and growth. This is an exciting prospect for those interested in the fitness industry, as it suggests that the industry is on the cusp of a major boom.
Online fitness promoting platforms generated $6 billion in 2020 due to the COVID-19 pandemic.
This statistic is a testament to the resilience of the global fitness industry in the face of the COVID-19 pandemic. Despite the disruption caused by the pandemic, online fitness promoting platforms were able to generate a staggering $6 billion in 2020, demonstrating the industry’s ability to adapt and thrive in difficult times. This statistic is an important reminder of the strength of the global fitness industry and its potential for growth in the future.
Revenue in the fitness segment is expected to reach $22,053 million in 2021.
This statistic is a testament to the immense potential of the fitness industry. It shows that the industry is growing rapidly and is expected to reach a staggering $22,053 million in 2021. This is a clear indication that the fitness industry is a lucrative and profitable sector, and is likely to continue to grow in the coming years. This statistic is an important piece of information for anyone interested in the global fitness industry, as it provides a glimpse into the future of the industry.
The global fitness equipment market is expected to reach $3.6 billion by 2025, at a CAGR of 3.2% from 2020.
This statistic is a testament to the growing importance of the global fitness industry. It shows that the market is expected to expand significantly over the next five years, indicating that the industry is likely to become increasingly lucrative. This is great news for those involved in the fitness industry, as it suggests that there will be plenty of opportunities for growth and success. Furthermore, it highlights the potential for businesses to capitalize on the growing demand for fitness equipment and services.
The global virtual fitness market is anticipated to reach $59.23 billion by 2027.
This statistic is a testament to the immense potential of the global virtual fitness market. It highlights the fact that the industry is growing at a rapid pace and is expected to reach a staggering $59.23 billion by 2027. This is a clear indication that the global fitness industry is on the rise and is likely to continue to expand in the coming years.
Approximately 55.4% of gym and health club members in the United States are women.
This statistic is a telling indication of the importance of the female demographic in the global fitness industry. It highlights the fact that women are a major driving force in the industry, and that catering to their needs is essential for success. It also suggests that the industry should focus on providing services and products that are tailored to the needs of female customers.
In 2019, revenue from fitness classes accounted for $27.3 billion of the global fitness market.
This statistic is a testament to the immense popularity of fitness classes, demonstrating the immense potential of the global fitness market. It highlights the fact that fitness classes are a major source of revenue for the industry, and that the industry is thriving. This is an important point to consider when discussing the global fitness industry, as it shows that the industry is growing and that there is a demand for fitness classes.
The fitness industry is expected to witness a CAGR of 7.81% during the period 2021-2026.
This statistic is a testament to the growing popularity of the fitness industry, indicating that it is likely to experience a steady increase in demand over the next five years. This is an important piece of information for anyone interested in the global fitness industry, as it provides insight into the potential for growth and investment opportunities.
Global Pilates & yoga studios market is expected to grow at a CAGR of 12.7% from 2020 to 2027.
This statistic is a testament to the increasing popularity of Pilates and yoga studios around the world, indicating that the global fitness industry is on the rise. With a projected CAGR of 12.7%, this statistic is a clear indication that the global fitness industry is growing at a rapid rate, and that Pilates and yoga studios are playing a major role in this growth. This statistic is an important piece of information for anyone interested in the global fitness industry, as it provides insight into the current and future trends of the industry.
Asia Pacific is expected to show the highest growth (CAGR of 9.8%) in the fitness equipment market from 2020 to 2025.
This statistic is a testament to the potential of the Asia Pacific region in the fitness equipment market. It highlights the region’s potential for growth and development in the coming years, and serves as a reminder of the importance of the Asia Pacific region in the global fitness industry. With a CAGR of 9.8%, the Asia Pacific region is poised to become a major player in the fitness equipment market, and this statistic is a clear indication of that.
44% of exercisers said their at-home workout habits will continue alongside going to gyms or studios once the pandemic ends.
This statistic is a telling indication of the lasting impact the pandemic has had on the fitness industry. It suggests that even after the pandemic ends, many exercisers will continue to maintain their at-home workout habits, which could have a significant effect on the industry. This could mean that gyms and studios may need to adjust their offerings to accommodate the new preferences of exercisers, or risk losing out on potential customers.
In 2020, video streaming revenue increased 58.7% for fitness providers that offer virtual classes.
This statistic is a testament to the power of the global fitness industry in the face of the pandemic. It shows that even with the restrictions imposed by the virus, fitness providers were able to adapt and find new ways to generate revenue. This statistic is a clear indication that the global fitness industry is resilient and can continue to thrive in the face of adversity.
Conclusion
The global fitness industry is a rapidly growing market, with the value of the industry estimated to reach $96.7 billion in 2019 and expected to grow further over the next few years. The number of health and fitness clubs worldwide has also increased significantly, reaching 210,000 in 2019. Additionally, revenue from fitness classes accounted for $27.3 billion of this total market size in 2019 while virtual classes have seen an increase due to COVID-19 restrictions leading to more people working out at home or online than ever before. Wearable technology is another area that has experienced growth as it is predicted that by 2025 this sector will be worth around $62 billion globally; however there are still many opportunities for expansion within all areas of the global fitness industry including equipment sales which are forecasted to reach up to $14.7 billion by 2028 and Pilates & yoga studios which could see a CAGR (Compound Annual Growth Rate)of 12% between 2020 -2027 . With such potential for growth across multiple sectors it appears likely that these figures will continue increasing into 2021 and beyond as more people become aware of their physical wellbeing needs during times like these when access may not always be available through traditional means such as gyms or studios but can instead be accessed via digital platforms or other methods allowing them greater flexibility on how they choose exercise options best suited for them personally
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