Gym, Health & Fitness Clubs in China - Industry Market Research Report
Description
Gym, Health & Fitness Clubs in China
The Gym, Health and Fitness Clubs industry has been developing rapidly in recent years, largely due to increasing disposable incomes and health awareness among Chinese consumers. As the pandemic continues for nearly three years from 2020 and uncertainty increases, residents are highly uncertain about risks and future expectations, and they become cautious about food, clothing, housing, transportation and consumption. The pandemic prevention and control in first-tier cities, including Shanghai, put a lot of pressure on gyms. In 2023, with the government's liberalization of prevention and control, gym members began to retaliatory consumption and began to choose offline exercise and standardized products and services.. Industry revenue is expected to rise by 8.7% in 2023 to $7.2 billion. Revenue is expected to rise by an annualized 0.4% over the five years through 2023. Profit margins have decreased to 8.5% of industry revenue in 2023.
The Gym, Health and Fitness Clubs industry in China includes enterprises providing fitness and bodybuilding equipment, space and services. Public sports centers and school stadiums are not included in the industry.
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.
The Gym, Health and Fitness Clubs industry has been developing rapidly in recent years, largely due to increasing disposable incomes and health awareness among Chinese consumers. As the pandemic continues for nearly three years from 2020 and uncertainty increases, residents are highly uncertain about risks and future expectations, and they become cautious about food, clothing, housing, transportation and consumption. The pandemic prevention and control in first-tier cities, including Shanghai, put a lot of pressure on gyms. In 2023, with the government's liberalization of prevention and control, gym members began to retaliatory consumption and began to choose offline exercise and standardized products and services.. Industry revenue is expected to rise by 8.7% in 2023 to $7.2 billion. Revenue is expected to rise by an annualized 0.4% over the five years through 2023. Profit margins have decreased to 8.5% of industry revenue in 2023.
The Gym, Health and Fitness Clubs industry in China includes enterprises providing fitness and bodybuilding equipment, space and services. Public sports centers and school stadiums are not included in the industry.
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.
Table of Contents
36 Pages
- TABLE OF CONTENTS
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON
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Pricing
Currency Rates
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