Summary
- • The global gym industry was valued at $94 billion in 2020.
- • The percentage of U.S. adults who were gym members in 2020 was 20.6%.
- • The number of gym memberships worldwide reached over 183 million in 2018.
- • In the U.S., 20.73 million Americans were members of a health club in 2020.
- • The global health club industry has been growing at a rate of 8.7% annually.
- • The revenue of the U.S. fitness centers and health clubs industry was $35 billion in 2019.
- • The number of fitness centers and health clubs in the U.S. reached 41,370 in 2019.
- • Gym and health club membership in the U.S. is projected to grow to over 68 million by 2026.
- • The global fitness app market size is expected to reach $15.10 billion by 2027.
- • The number of fitness app users worldwide is forecasted to reach 353 million by 2027.
- • Around 90% of gym members believe that gym workouts improve their physical health.
- • Group training classes account for almost 40% of gym-goer preferences.
- • Approximately 77% of gym members participate in some form of cardiovascular exercise.
- • The personal training market in the U.S. is worth $10 billion.
- • 36% of gym members use their membership for attendance at group sessions.
With the global gym industry flexing its financial muscles at a whopping $94 billion in 2020, its clear that breaking a sweat is big business. From the 20.6% of U.S. adults pumping iron as gym members to the forecasted growth to over 68 million members by 2026, the fitness world is in peak condition. Whether its the rise of fitness apps reaching a projected $15.10 billion market size by 2027 or the 90% of gym enthusiasts swearing by their physical gains, one thing is certain – when it comes to working out, the numbers dont lie, but they sure do make you sweat.
Financial Performance
- The revenue of the U.S. fitness centers and health clubs industry was $35 billion in 2019.
- The U.S. fitness industry generates over $30 billion in annual revenue.
Interpretation
The fitness industry in the U.S. seems to be pumping iron and cash in equal measure, flexing a hefty $35 billion in revenue for 2019. With over $30 billion being generated annually, it's clear that Americans are putting their money where their muscles are, showing that in a world where health is wealth, there's certainly no shortage of barbells or dollars being lifted.
Fitness Trends
- Around 90% of gym members believe that gym workouts improve their physical health.
- Group training classes account for almost 40% of gym-goer preferences.
- Approximately 77% of gym members participate in some form of cardiovascular exercise.
- 36% of gym members use their membership for attendance at group sessions.
- More than 60% of gym members say they would pay extra for personalized training.
- The percentage of gym-goers who work out more than 100 times a year is 11%.
- Over 22% of gym-goers used personal training services in 2019.
- The top reason why Americans go to the gym is to improve their overall health.
- Group exercise classes saw a 33% increase in popularity from 2017 to 2019.
- The percentage of gym-goers who use wearable fitness technology is expected to reach 28% by 2022.
- The average number of times gym-goers exercise per week is 2.9.
Interpretation
The gym industry statistics paint a revealing portrait of modern fitness enthusiasts: they value the physical benefits of workouts, crave the camaraderie of group classes, and hold a strong preference for cardiovascular exercises. It seems that gym-goers are not just hitting the gym to break a sweat, but also to invest in their overall health and well-being. With a growing interest in personalized training and wearable fitness technology, it's clear that the desire for a tailored fitness experience is on the rise. So, whether it's sweating it out in a group session or tracking their progress on a fitness app, gym members are finding innovative ways to stay motivated and committed to their fitness goals. In a world where wellness is a top priority, these statistics show that the gym is more than just a place to lift weights – it's a hub for holistic health and community connection.
Market Growth
- The global gym industry was valued at $94 billion in 2020.
- The global health club industry has been growing at a rate of 8.7% annually.
- The number of fitness centers and health clubs in the U.S. reached 41,370 in 2019.
- Gym and health club membership in the U.S. is projected to grow to over 68 million by 2026.
- The global fitness app market size is expected to reach $15.10 billion by 2027.
- The number of fitness app users worldwide is forecasted to reach 353 million by 2027.
- The personal training market in the U.S. is worth $10 billion.
- The worldwide wearable fitness technology market is projected to reach $91 billion by 2023.
- The global health and fitness club market size is expected to reach $296.24 billion by 2027.
- The average annual growth rate of the fitness club industry in the U.S. is 3.6%.
- The number of fitness club memberships worldwide is predicted to exceed 230 million by 2026.
- The gym and health club industry in the U.S. experienced a 4.2% growth in 2019.
- The market size of the global corporate wellness sector is estimated to reach $94.40 billion by 2026.
- The fitness equipment market in the U.S. was valued at $4.3 billion in 2020.
- The number of boutique fitness studios in the U.S. grew by 121% between 2013 and 2017.
- The U.S. women's-only gym market is worth over $4 billion.
- The global virtual fitness market is projected to surpass $59 billion by 2027.
- The U.S. health and fitness club market size is expected to reach $32.9 billion by 2027.
- The average gym-goer's annual spending on fitness-related items is $155.
- The global market for workout supplements is estimated to reach $32.9 billion by 2026.
- The number of fitness trackers sold worldwide is expected to reach over 160 million units by 2023.
- The global fitness equipment market is projected to surpass $14 billion by 2027.
- The revenue of the global fitness and health club industry is projected to grow to $105.74 billion by 2027.
- The average annual growth rate of the U.S. fitness equipment market is forecasted to be 4.4% from 2020 to 2027.
- The worldwide market for gym management software is anticipated to reach $9.2 billion by 2027.
- The number of health and fitness clubs in the U.S. has been growing at a rate of 4.7% annually.
- The global gym equipment market size is projected to exceed $15.2 billion by 2027.
- The personal training industry in the U.S. is estimated to be worth $10 billion.
- The global online fitness market is expected to reach $59.9 billion by 2027.
- The revenue of the U.S. fitness club industry is estimated to grow to $38.8 billion by 2027.
- In 2020, the global fitness app market was valued at $4.2 billion.
- The number of fitness app users worldwide is projected to surpass 353 million by 2027.
- The market for personal training services in the U.S. is expected to reach $12.2 billion by 2027.
- The global virtual fitness market size is forecasted to exceed $59 billion by 2027.
- The global market for workout supplements is expected to reach $44.3 billion by 2026.
- The annual growth rate of health and fitness clubs in the Asia-Pacific region is projected to be 11.5% by 2027.
- The U.S. market for gym equipment is estimated to be worth $5.8 billion by 2027.
Interpretation
In a world where lifting weights and counting reps have become as common as sipping lattes and scrolling through social media, the gym industry flexes its financial muscles with staggering statistics that would make even the most seasoned treadmill enthusiast break a sweat. From the ballooning billions in global gym and health club valuations to the explosive growth of fitness apps and wearables, it seems that getting fit is not just a trend but a booming business. With boutique fitness studios sprouting like burpees in a HIIT class and the virtual fitness market breaking into the digital realm, it's clear that the world is not just working out; it's working out with a wallet in hand. As we watch the industry pump iron and crunch numbers in equal measure, one thing is certain: the gym scene is not just about gains in muscle but also in revenue. So grab your protein shake and your credit card because getting fit has never been so financially fit too.
Membership Statistics
- The percentage of U.S. adults who were gym members in 2020 was 20.6%.
- The number of gym memberships worldwide reached over 183 million in 2018.
- In the U.S., 20.73 million Americans were members of a health club in 2020.
- The average monthly cost of a gym membership in the U.S. is around $58.
- 64% of gym members are women.
- In the U.S., 33% of gym members are aged between 18-34.
- The average monthly cost of a boutique fitness studio membership in the U.S. is $125.
- In 2020, the average monthly gym membership fee in the U.S. was $58.
- Women account for 54% of gym members globally.
- The number of gym memberships in the U.S. reached almost 63 million in 2020.
Interpretation
The gym industry, a world where sweat meets statistics, is a fascinating realm of workout warriors and fitness fanatics. With over 183 million memberships worldwide and a $58 average monthly fee in the U.S., it seems that people are willing to break a sweat and open their wallets for the promise of a toned physique. Interestingly, women are dominating the gym scene, making up 64% of gym members globally. As we see 33% of gym-goers falling in the 18-34 age bracket, it's clear that staying fit is a priority for the young and the restless. So next time you hit the treadmill, remember, you're not just burning calories, you're part of a global fitness phenomenon!