$40.6bn
$X.Xbn
644k
90,656
$XX.Xbn
Gym, Health and Fitness Clubs suffered from fluctuations in the broader economy's stability despite growth in health consciousness over the past few years. These clubs are riding a wave of change, adapting swiftly to economic pressures and fluctuating consumer preferences. Some establishments have tried to appeal to consumers by offering low-cost memberships with total operational hours. Studios have appealed to consumers by providing hybrid models so that customers can take classes at home. Monthly memberships with low cancellation fees have fared well during most of the period. Despite these new models, a rapidly rising prime rate limited discretionary spending, depressing demand for gym memberships. Revenue has fallen at a CAGR of 1.9% to $41.8 billion in 2024, including an uptick of 0.9% that year.
Industry revenue has declined at a CAGR of 1.5 % over the past five years, to reach an estimated $40.6bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2023 | Revenue ($m)
2023 | Profit ($m)
2023 | Profit Margin (%)
2023 |
---|---|---|---|---|
Fitness International LLC | 1,646.7 | 916.3 | 55.6 | |
Life Time Inc. | 1,524.9 | 851.6 | 55.8 | |
24 Hour Fitness USA Inc. | 1,180.6 | 659.3 | 55.8 |
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Industry revenue is measured across several distinct product and services lines, including Membership fees, Personal trainers and Guest admissions. Membership fees is the largest segment of the Gym, Health & Fitness Clubs in the US.
Stable demand and easing economic pressures inflate membership fees
Gyms and health and fitness clubs feature exercise machines and other active physical fitness conditioning or recreational sports activities, like swimming, skating or racquet sports. Gyms and health clubs also facilitate fitness instruction.
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NAICS 71394 - Gym, Health & Fitness Clubs in the US
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Including values and annual change:
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Key data sources in the US include:
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The market size of the Gym, Health & Fitness Clubs in the US industry in United States is $40.6bn in 2024.
There are 90,656 businesses in the Gym, Health & Fitness Clubs in the US industry in United States, which has declined at a CAGR of 2.1 % between 2019 and 2024.
The market size of the Gym, Health & Fitness Clubs in the US industry in United States has been declining at a CAGR of 1.5 % between 2019 and 2024.
Over the next five years, the Gym, Health & Fitness Clubs in the US industry in United States is expected to grow.
The biggest companies operating in the Gym, Health & Fitness Clubs market in United States are Fitness International LLC, Life Time Inc. and 24 Hour Fitness USA Inc.
Collecting guest admissions and Scheduling personal trainer sessions are part of the Gym, Health & Fitness Clubs in the US industry.
The company holding the most market share in United States is Fitness International LLC.
The level of competition is high and increasing in the Gym, Health & Fitness Clubs in the US industry in United States.