Gym, Health and Fitness Clubs in Canada Industry Market Research Report Now Available from IBISWorld


Los Angeles, CA (PRWEB) February 15, 2013

The Gym, Health and Fitness Clubs industry has benefited from an array of marketing campaigns and ensuing consumer trends for fighting obesity and improving health. Prior to the 2009 recession, gym memberships increased rapidly as a result of soaring demand for fitness activities, says IBISWorld industry analyst Dale Schmidt. Industry operators have capitalized on this growth by expanding establishments in both size and number. In addition, the industry has been diversifying through small-scale gyms and gyms targeted at females and older adults, which have both helped expand the industry’s overall customer base. The larger players in this industry have numerous locations throughout Canada, while small players are generally independently owned and operate in only one or two provinces. Over the past five years, industry market share concentration has slightly risen as a result of larger firms continuing to expand operations to improve economies of scale and enter new markets.

Broadening their markets was also a way for gyms to retain membership numbers during the recession. In 2009, demand for gyms and health clubs weakened as consumers cut back on discretionary spending. Compared with other industries dependent on consumer spending, the Gym, Health and Fitness Clubs industry has remained resilient as increased leisure time and boosts in health and morale from exercise have kept the industry highly competitive, says Schmidt. Additionally, the downturn has also favored growth of lower-cost gyms with fewer amenities over more expensive, all-inclusive clubs. Because of generally positive trends despite the recession, industry revenue grew an estimated 2.1% per year on average to $ 1.9 billion over the five years to 2012.

Over the next five years, the industry will benefit from increased youth and baby-boomer memberships, trends that have surfaced over the past five years. Companies will also profit from the public’s growing interest in staying fit and fighting the rising obesity rate, as well as membership growth outpacing population growth. As consumers’ incomes grow in line with the recovering economy, the industry will transition back toward larger and all-inclusive clubs. Income growth will also increase demand for all types of gyms in the five years to 2017; players will capitalize on this growth and provide members with additional services in a bid to increase registration and retention rates. For more information, visit IBISWorlds Gym, Health and Fitness Clubs in Canada industry report page.

Follow IBISWorld on Twitter: https://twitter.com/#!/IBISWorld

Friend IBISWorld on Facebook: http://www.facebook.com/pages/IBISWorld/121347533189

IBISWorld industry Report Key Topics

This industry operates fitness and recreational sports facilities that feature exercise and other active physical fitness conditioning or recreational sports activities, such as swimming, skating or racquet sports. Firms are also involved in facilities management and fitness instruction.

Industry Performance

Executive Summary

Key External Drivers

Current Performance

Industry Outlook

Industry Life Cycle

Products & Markets

Supply Chain

Products & Services

Major Markets

Globalization & Trade

Business Locations

Competitive Landscape

Market Share Concentration

Key Success Factors

Cost Structure Benchmarks

Barriers to Entry

Major Companies

Operating Conditions

Capital Intensity

Key Statistics

Industry Data

Annual Change

Key Ratios

About IBISWorld Inc.

Recognized as the nations most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US and Canadian industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.ca or call 1-800-330-3772.







Tags: , , , , , , , , , ,

Comments are closed.

Spanish Crisis Triggers Real Estate Price Collapse

Baltimore, MD (PRWEB) June 29, 2012 A move by Spanish banks to offload the build-up of foreclosed properties on their [...]

Self Storage Provider Coronado Mobile Storage Joins Forces with LAD Solutions in Promoting Storage Containers as Mobile Offices

San Diego, CA (PRWEB) July 03, 2012 With the collapse in real estate prices and explosive growth in home foreclosures [...]

Real Estate Prices LOFTS DOWNTOWN LOS ANGELES FOR SALE AND LEASE RENTALS

Real Estate Prices LOFTS DOWNTOWN LOS ANGELES FOR SALE AND LEASE RENTALS. LA loft prices and market report Corey Chambers, [...]

Mortgage Rates Drop to New Record Lows Influencing Increase In Refinancing and Home Building Activity According to BurlingtonMortgage.biz

Wilmington, NC (PRWEB) July 24, 2012 Mortgage rates have reached a new historical low point for 30 year fixed, 15 [...]

NFIB Stated Confidence in Small Business Takes a Steep Drop XSM Services aimed to Restore Faith

Denver, Colorado (PRWEB) January 30, 2013 After the recession took its toll on the U.S. economy, the fiscal cliff and [...]

Junior State of America Releases Winter 2013 Edition of Student-Run Magazine, The Junior Statement

Washington, DC (PRWEB) January 31, 2013 The Junior State of America (JSA) today released the Winter 2013 Edition of The [...]