Gym, Health & Fitness Clubs in the Us Industry Report.P Essay

13388 WordsOct 31, 201154 Pages
WWW.IBISWORLD.COM Gym,Health&FitnessClubsintheUS June 2011 1 Working out: Business will stay strong as demand from health-conscious consumers grows IBISWorld Industry Report 71394 Gym, Health & Fitness Clubs in the US June2011 2 AboutthisIndustry 2 2 2 2 Industry Definition Main Activities Similar Industries Additional Resources 16 International Trade 17 Business Locations TaylorHamilton 30 KeyStatistics 30 Industry Data 30 Annual Change 30 Key Ratios 19 CompetitiveLandscape 19 Market Share Concentration 19 Key Success Factors 31 Jargon&Glossary 3 IndustryataGlance 4 IndustryPerformance 4 4 5 7 Executive Summary Key External Drivers Current Performance Industry Outlook 19…show more content…
Gym membership numbers have increased considerably over the past 10 years, rising from 36.3 million in 2002 to more than 42.8 million by 2011. This trend has resulted in soaring demand for fitness activities, and industry operators have capitalized on this growth by expanding establishments in size and number. ExecutiveSummary | KeyExternalDrivers | CurrentPerformance IndustryOutlook | LifeCycleStage Youth and baby boomers will aim to stay fit,  supporting demand for gyms and health clubs Still, the industry has not been completely recession proof. In 2008 and 2009, demand for gyms and health clubs weakened as consumers cut back on discretionary spending. However, compared with other industries, the Gym, Health and Fitness Clubs industry has remained remarkably resilient, as increased leisure time and boosts in health and morale from exercise have kept the industry highly competitive. Gyms and health clubs have broadened their markets and are offering value to gym-goers in a bid to retain membership numbers throughout the

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