The Gyms and Fitness Centres industry has grown strongly over the past five years while undergoing considerable structural change. According to IBIS World, the average Gyms and Fitness Centre industry growth from 2014 to 2019 was 5.7%.
The rapid growth of functional fitness-based gyms has attracted wealthy and time-poor consumers and supported industry revenue growth. However, a decline in income over the past five years has limited the industry’s expansion.
Overall, industry revenue is expected to grow at an annualised 3.8% over the five years through 2019-20, to $2.9 billion.
- Market Size: $3 bn
- Number of Businesses: 6,426
- Industry Employment: 21,865
The companies holding the largest market share in the Gyms and Fitness Centres in Australia industry include:
- Fitness and Lifestyle Group TopCo Pty Ltd operations, which include Goodlife Health Clubs, Jetts Australia and Fitness First Australia. The combined sales of these three gym chains have resulted in almost 30% of industry revenue.
- Anytime Fitness is the industry’s second largest player with 14.8% of industry revenue.
- and F45 Aus Hold Co Pty Ltd.
Membership numbers are projected to continue, increasing over the next five years, due to population growth and rising health consciousness. Around 30 per cent of Australians have a gym membership. Australia’s ageing population is also forecast to stimulate demand for more class activities in full-service gyms.
For more information, and the Fitness industry related report, visit the resources below.