Health and Fitness Club Market foreseen to garner a CAGR of 8% by 2025

Market Overview:
The global health and fitness club market is expected to grow at a CAGR of 7.8% during the outlook period. Consumers are spending more on these health and fitness clubs, as health is given utmost prominence in driving the business market growth around the world. The increasing number of health clubs and gyms offering personal training and the latest in fitness equipment is leading consumers to join health and fitness clubs, which is likely to influence market growth in the next years.

Recent Developments:
Gyms are considered as a "part of the solution" to the coronavirus pandemic, with fitness and exercise helping to tackle problems like obesity and cardiovascular disease.
https://www.cnbc.com/2020/07/28/planet-fitness-ceo-gyms-are-part-of-the-solution-to-pandemic.html
Town Sports International Holdings Inc., a largest gym owner and operator in the Northeast, published aboutthe purchase of TMPL. Founded by David Barton, TMPL focuses on the intersection of metabolic science, exercise, and nutrition by leveraging cutting-edge technology to dramatically change your body.
https://www.prnewswire.com/news-releases/town-sports-international-holdings-inc-announces-acquisition-of-tmpl-gym-300605341.html

Market Drivers and Restraints:
Globally, increased consumption of unhealthy foods and sugar leads to obesity, which leads to diabetes, heart disease, and high blood pressure. Growing awareness among millennials has resulted in higher spending on healthy living and fitness activities, encouraging them to join gyms. Additionally, Gen X members are more likely to consume health clubs than any other demographic, so health clubs are focused on keeping this segment of consumers engaged and continue to invest in their gym memberships and health offering personalized service offers. Due to intense competition in the market, major players are trying to distinguish their service offerings by offering a unique value proposition and advantages to survive in a highly competitive environment, which incentivizes more people to join gyms.

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Report is segmented as:
By Service Type:
• Membership fees
• Total admission fees
• Personal training and instruction services

Geographical segmentation:
On the basis of geography, the global health and fitness club market is divided into regions of Asia Pacific, Latin America, North America, Europe, the Middle East and Africa. Among these, North America is forecasted to lead the market due to the increasing awareness and rising obesity among the customers.

Key market players:
The key players of the market are:
• Planet Fitness Inc.
• Town Sports International Holdings Inc.
• UFC GYM
• Crunch Fitness
• The Bay Club Company
• Gold's Gym International Inc.
• Equinox Holdings Inc.
• 24 Hour Fitness USA Inc.

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Scope of the report:
The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated.
The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.

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