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The health and fitness services market was valued at US$125.968 billion in 2019.
The health and fitness services market is primarily driven by the growing concerns over a healthy lifestyle across the population throughout the globe. Increasing health awareness regarding the benefits of exercise and fitness services is anticipating the demand for these services an adding up to the market growth over the coming years. In addition, the rising disposable income coupled with the changing lifestyle of the people along with a shift in the consumer preferences to choose fitness over money is also anticipated to propel the growth opportunities for the market to surge during the forecast period. Furthermore, the growth of the fashion industry is boosting the modeling agency business due to which the requirements for fit models is also propelling, this, in turn, is projected to augment the health and fitness services market growth during the forecast period and beyond.
Additionally, the growing sports industry is also positively impacting the market growth in many countries around the globe. The rising sports industry is encouraging the adoption of fitness as a daily routine part of the people to stay fit and healthy. Furthermore, rising competition in the market is leading the market players to offer various distinguished services in order to meet the competition attract more consumers and gain a competitive edge in the health and fitness services market during the coming years. For instance, the Golds Gym offers various medical plans to the people and gives them opportunities to enroll in term life insurance plans that provide the coverage starting from US$10,000 dollars. Moreover, the growing trend of fitness competitions at the international levels is also projected to propel the growth opportunities for the market to surge throughout the forecast period and beyond.
The rising adoption of health and fitness services especially in the developed economies as the people are taking proactive measures to mitigate the risk of serious health problems including heart disease, obesity, and diabetes among others as for the chronic diseases the physical activities and fitness tend to reduce and manage the complications of these diseases. The expansion of new fitness service providing chains in numerous developing economies such as India coupled with the growing acceptance of fitness as a sport around the globe and growing importance of bodybuilding competitions also supports the health and fitness services market during the next five years.
Prominent key market players in the health and fitness services market include Gold’s Gym, Fitness International LLC, Equinox Holdings Inc., and Anytime Fitness LLC among others. These companies hold a noteworthy share in the market on account of their good brand image and product offerings.
Major players in the health and fitness services market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last two years.
Key Topics Covered:
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.4. Industry Value Chain Analysis
5. Health and Fitness Services Market Analysis, By Gender
5.1. Introduction
5.2. Male
5.3. Female
6. Health and Fitness Services Market Analysis, By Age Group
6.1. Introduction
6.2. 5-17 years
6.3. 18-64 years
6.4. Above 65 years
7. Health and Fitness Services Market Analysis, By Geography
7.1. Introduction
7.2. North America
7.3. South America
7.4. Europe
7.5. Middle East and Africa
7.6. Asia Pacific
8. Competitive Environment and Analysis
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix
9. Company Profiles
9.1. Anytime Fitness LLC
9.2. Gold’s Gym
9.3. Fitness International LLC
9.4. Contours Express
9.5. 24 Hour Fitness USA, Inc
9.6. Equinox Holdings, Inc.
9.7. Town Sports International Holdings, Inc.
9.8. Talwalkars
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