Over the five years to 2017, the Boxing Gyms and Clubs industry has benefited from growth in consumer spending power and interest in fitness. Since industry establishments are generally considered a discretionary expense, more consumers have splurged on boxing gym memberships in recent years as disposable income has trended upward. Furthermore, as the macroeconomic climate has flexed its muscles, demand for high-value, ancillary industry services has also grown. As a result, IBISWorld estimates that industry revenue has over the five years to 2022, totaling $1.0 billion. Over the five years to 2022, industry revenue is expected to continue trending upward, as the macroeconomic climate and consumer interest in fitness persist. Nevertheless, demand will be pressured by external competition, particularly from free, online-based workout videos. These videos offer consumers the convenience of at-home exercise while also saving them the expense of joining a boxing gym. As a result, IBISWorld expects that industry revenue will grow sluggishly over the next five years.
This industry includes facilities that provide instruction on the sport of boxing, the practice of fist fighting with padded gloves within a roped square ring. This industry does not include boxing event promoters or organizers.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.