Overview:

The global fitness services market is valued for more than US$ XXX.X Mn in 2019 and expected to reach a value of US$ XXX.X Mn by 2029 with a significant CAGR of around XX.X% over the forecast period of 2019-2029. Fitness services are provided by various gym, fitess centres, and health clubs. These services help any individual to maintain his/her health and raise the fitness level. The services include various types such as personal training, zumba, crossfit, and many more.

Market Dynamics:

Growing health awareness among the individuals across the globe, coupled with need for an active lifestyle are major factors driving growth of the global fitness services market. Regular exercise helps to enhance and maintain the physical strength of any individual by providing a fixed or adjustable resistance. Also, it helps to improve physical endurance and maintain weight as well as helps to develop muscle strength.

In addition, rising chronic disease prevalence such as diabetes and blood pressure, and obesity is resulting in high demand for fitness services among young population across the globe. For instance, according to data published by WHO, in 2016, more than 1.9 billion adults aged 18 years and older were overweight and over 650 million adults were obese. In addition, as per the data published by World Health Organization (WHO) in 2016, that 17.9 million people died from cardio vascular diseases representing 31% of all global deaths and out of which 85% are due to heart attack and stroke.

Key Trends:

Major market players inclination towards development of new product lines in order to improve revenue in this target market. This is a key trend witnessed in the target market. For instance, on August 2018, Tonal Systems, Inc. launched at-home digital strength-training system. Moreover, rising adoption of subscription based fitness services among end users is another trend observed across the globe, which is further expected to fuel growth of the target market.

Regional Analysis:

For detailed understanding of market dynamics, the global market is analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America region is expected to hold significant revenue share in the global fitness services market, owing to rising chronic disease prevalence and obesity in countries in the region. In addition, growing healthcare spending among individuals is another factor expected to further support growth of the target market in the North America region. The Europe holds second position in terms of market value in the global market followed by Asia Pacific region.

Scope of the Report:

Detailed Segmentation:

Global Fitness Services Market, By Offering:

• Membership
• Personal Training
• Other Offering

Global Fitness Services Market, By Gender:

• Female
• Male

Key Players Covered:

Key players operating in the market includes, Glow Fit, Gold’s Gym International plc., LAVA 24 Fitness, NuYu, Spectrum, Curves NA, Inc., Fitzone, Fitness Time, and Interval plus Crossfit.

Key features of the study:

Foresight Market Research provides detailed analysis on global market in our report- Global Fitness Services Market by offering, gender, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global fitness services market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, ongoing trends, market expansion, and marketing tactics used overall the globe.