Personal Trainers in the US - Industry Market Research Report
Description
Personal Trainers in the US
The personal trainers industry operates in two general areas; the largest segment is located in gyms and other fitness centers, while the other segment is in-house operations, tailoring workouts and regiments to the individual client and their needs at home. This industry derives its demand from downstream consumer groups. The group with the highest demand for personal trainer services are the 35- to 50-year-old consumers. Due to the nature of the industry, consumers with a higher per capita disposable income are much more likely to purchase the discretionary good, that is, personal training. COVID-19 was a major roadblock for the industry; as the pandemic swept through the US, state and federal officials mandated that in-person events are shut down temporarily, and everyone had to remain socially distanced. These measures put a clamp on both personal trainers working at a gym and in-home operations, causing a significant drop in revenue during 2020. Overall, revenue for personal trainers is expected to grow at a marginal CAGR of 0.5% to $14.0 billion through 2023, when profit is set to reach 10.9%.
This industry includes individuals who offer one-on-one and small-group fitness training. Personal trainers may also provide personalized diet programs. Personal trainers are typically employed by gyms, fitness studios and hospitals, or they are self-employed. Large-group instructors and professional athletic trainers are not included as part of this 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 personal trainers industry operates in two general areas; the largest segment is located in gyms and other fitness centers, while the other segment is in-house operations, tailoring workouts and regiments to the individual client and their needs at home. This industry derives its demand from downstream consumer groups. The group with the highest demand for personal trainer services are the 35- to 50-year-old consumers. Due to the nature of the industry, consumers with a higher per capita disposable income are much more likely to purchase the discretionary good, that is, personal training. COVID-19 was a major roadblock for the industry; as the pandemic swept through the US, state and federal officials mandated that in-person events are shut down temporarily, and everyone had to remain socially distanced. These measures put a clamp on both personal trainers working at a gym and in-home operations, causing a significant drop in revenue during 2020. Overall, revenue for personal trainers is expected to grow at a marginal CAGR of 0.5% to $14.0 billion through 2023, when profit is set to reach 10.9%.
This industry includes individuals who offer one-on-one and small-group fitness training. Personal trainers may also provide personalized diet programs. Personal trainers are typically employed by gyms, fitness studios and hospitals, or they are self-employed. Large-group instructors and professional athletic trainers are not included as part of this 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
42 Pages
- TABLE OF CONTENTS
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
Search Inside Report
Pricing
Currency Rates
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