How much is the fitness industry worth?
Today the global fitness industry is valued at nearly $100 billion.
The International Health, Racquet and Sportsclub Association found that boutique fitness is the fastest growing brick-and-mortar exercise category — between 2013 and 2017 membership at boutique studios grew by a whopping 121%..
Is the fitness industry growing in Australia?
The industry grew strongly over the three years through 2018-19 and the first half of 2019-20.
Are gyms profitable in Australia?
Monthly Revenue and Cost of Operation Australians spend on average $65 per month on gym memberships, with most of their business going to 24-hour no-frills gyms. … If you stick to it and continue to build and grow your business, you could be earning anywhere from $105,000 – $210,000 per year owning your own gym.
What are the fitness trends for 2020?
SURVEY RESULTSWearable technology. Wearable technology was again the no. … High-intensity interval training (HIIT). … Group training. … Training with free weights. … Personal training. … Exercise is Medicine®. … Body weight training. … Fitness programs for older adults.More items…
How many gym memberships are there in Australia?
This statistic shows the number of people participating in fitness and gym activities in Australia in 2018, by age. That year, around 1.7 million Australians aged between 25 and 35 years participated in fitness or gym activities.
How big is the fitness industry in Australia?
The fitness industry in Australia generates an average of about 3 billion dollars in revenue on an annual basis. Altogether there are 4,404 gyms and fitness centers across the country, which collectively provide employment for almost 17,000 people.