Gyms and Fitness Centres in Australia - Industry Market Research Report
Description
Gyms and Fitness Centres in Australia
The Gyms and Fitness Centres industry has faced its biggest challenge during the COVID-19 pandemic. In response to the pandemic, the Federal Government required gyms to cease operations over sporadic lockdown periods. Social distancing measures and capacity limits have further constrained the operations of gyms and fitness centres, with many customers suspending membership fees during lockdown periods. The COVID-19 pandemic has advanced digital fitness, and many gyms have survived by quickly shifting to online training and community-building virtual events. Revenue has contracted at an annualised 6.8% through the end of 2022-23, to total an estimated $2.2 billion. A drop in real household discretionary income is also causing revenue to slip by an estimated 1.5% in 2022-23 alone.
Industry businesses mainly operate health clubs, fitness centres and gymnasiums, and provide a range of fitness and exercise services.
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 Gyms and Fitness Centres industry has faced its biggest challenge during the COVID-19 pandemic. In response to the pandemic, the Federal Government required gyms to cease operations over sporadic lockdown periods. Social distancing measures and capacity limits have further constrained the operations of gyms and fitness centres, with many customers suspending membership fees during lockdown periods. The COVID-19 pandemic has advanced digital fitness, and many gyms have survived by quickly shifting to online training and community-building virtual events. Revenue has contracted at an annualised 6.8% through the end of 2022-23, to total an estimated $2.2 billion. A drop in real household discretionary income is also causing revenue to slip by an estimated 1.5% in 2022-23 alone.
Industry businesses mainly operate health clubs, fitness centres and gymnasiums, and provide a range of fitness and exercise services.
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
38 Pages
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
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 & GLOSSARY
Pricing
Currency Rates
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