The Gym and Fitness Franchises industry has experienced robust gains over the five years to 2018 as a result of growing membership levels and a more health-conscious population. Additionally, to further expand their growing customer base, many industry operators have invested in franchise consultants and regional training. Growth in demand from and cost-cutting measures, such as the adoption of bookkeeping technologies, have helped support strong revenue growth and profit as well. Over the five years to 2023, industry revenue is forecast to continue to grow, due to the proliferation of public health campaigns, boosting demand. Further, more time-strapped consumers will require high-margin services, such as fitness trainers and individually tailored nutritional plans, value-add services which will help boost revenue.
This industry operates franchised fitness establishments and gyms. Franchisees receive branding, marketing, administrative support and training for their franchise. Reports in our Business Franchise collection focus solely on the operation of franchised outlets and exclude nonfranchise data. They show the total number of franchise outlets, total franchise revenue and the average profit margin earned by franchisees. Our reports also highlight the largest franchisors by market share.
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.