First Research US Industry Profile

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Fitness Centers
SIC Codes: 7991, 7997
NAICS Codes: 71394
Last Quarterly Update: 4/29/2019
Companies in this industry operate fitness and recreational sports facilities that offer fitness equipment, exercise classes, swimming pools, and fitness instruction services. Major companies include LA Fitness, 24 Hour Fitness, Equinox, Gold's Gym, Planet Fitness, Life Time Fitness, and Town Sports International (all based in the US), along with Fitness First and Virgin Active (both based in the UK), Konami Sports Club (Japan), and McFit (Germany).
Worldwide, fitness centers generate about $90 billion in annual revenue, according to the International Health, Racquet & Sportsclub Association (IHRSA). More than 200,000 fitness clubs across the globe attract about 174 million members. The top three markets by revenue are the US, the UK, and Germany.
The US industry includes about 34,000 fitness and recreation center establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $30 billion.
Competitive Landscape
Demand is partly linked to income levels and partly to market demographics. The profitability of individual companies depends on good marketing. Large companies have economies of scale in advertising and in buying equipment. Small companies can compete effectively if they have favorable locations or meet customer demands for personalized service and friendly atmosphere. The industry is fragmented in the US: the 50 largest companies account for about 30% of revenue.
Products, Operations & Technology
Major services include space and equipment for aerobic exercise (commonly referred to as cardio) and weightlifting. Facilities may also include basketball ... plus:
Sales & Marketing
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Finance & Regulation
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Regional & International Issues
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Human Resources
Also includes the following chapters:
Quarterly Industry Update
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Industry Indicators
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Business Challenges
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Trends and Opportunities
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Call Preparation Questions
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Financial Information
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Industry Forecast
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Industry Websites
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Glossary of Acronyms

Historical Profiles (PDF format)

01/21/2019
10/15/2018
07/16/2018
04/16/2018
01/15/2018
10/09/2017
07/17/2017
04/17/2017
01/16/2017
10/10/2016
07/11/2016
04/11/2016
01/11/2016
10/05/2015
07/13/2015
04/13/2015
01/19/2015
10/13/2014
07/21/2014
04/28/2014
02/03/2014
10/28/2013
08/05/2013
05/13/2013
02/18/2013
11/12/2012
08/27/2012
06/04/2012
03/12/2012
11/21/2011
08/22/2011
05/02/2011
01/31/2011
10/25/2010
08/02/2010
04/26/2010
01/25/2010