US Fitness Industry: Market size & Growth

Part
01
of one
Part
01

US Fitness Industry: Market size & Growth

The US market size for personal trainers reached $9 billion in 2017. The US gym industry had 36,540 health clubs/gyms and 57.3 million members in 2016. Finally, the US fitness industry (together with health clubs and gyms) had a total of $27.8 billion in revenue in 2017.

Below you will find a deep dive of my findings.

US PERSONAL TRAINERS INDUSTRY

According to IBISWorld's report, the US market size for personal trainers was $9 billion in 2017. There are 577,041 businesses in the US personal trainers industry with 599,992 employed individuals.

In 2016 there were 299,200 gym and personal trainers according to the U.S. Bureau of Labor Statistics (BLS). By 2026, BLS estimates that there will be an additional 30,100 personal trainers working in the U.S.

The Association of Fitness Studios reported that around 6.5 million Americans hire personal trainers. AFS also estimates that 59% of fitness studios in the country are made up of personal training studios.

The market had a growth rate of 3.2% from 2012 to 2017 according to IBISWorld. This growth was fueled by growing demand and interest in personalized workout programs. From 2010 to 2020, BLS also estimated that jobs in the personal training industry increased by 24%.

While we found no preexisting information about projected growth for the US personal training industry in the next 3-5 years, we calculated industry growth based on available data. Provided that the industry continues to grow at the conservative rate of 3.2% (2012-2017) in the next 3-5 years, the US personal training industry is expected to reach $9.89 billion in 2020 and $10.53 billion in 2022.

Fitness Mentors also reported that an estimated 330,000 personal trainer jobs are expected by 2026 according to BLS' forecasts. The industry's growth is attributed to rising disposable income projected in the next 5 years as well as rising awareness of fitness programs benefits. We found no publicly available information regarding the growth of membership or clients for US personal trainers in the next 3-5 years.

US GYM INDUSTRY

We found no publicly available data for the market size of the US gym industry in US dollars, however, we found sufficient data to calculate the market size in terms of membership from 2012 to 2023.

Statista reported that the US health club industry including gyms had 57.25 million members in 2016. The US also had 36,540 gyms in 2016. The US gym industry together with health clubs and fitness centers also had a total revenue of 27.6 billion in 2016.

In the past 3 to 4 years, Franchise Help reported that health club/gym membership in the US reached 54 million, growing 18.6% from 2014. The International Health, Racquet & Sportsclub Association (IHRSA) also reported the following membership and business data for US health clubs/gyms:

■ Membership
2012 – 50.2 million
2013 – 52.9 million
2014 – 54.1 million
2015 – 55.3 million
2016 – 57.3 million

■ Health Clubs/Gyms
2012 – 30,500
2013 – 32,150
2014 – 34,460
2015 – 36,180
2016 – 36,540

Using the information above, we calculated that the CAGR for membership from 2012-2016 to be 3.3%. The CAGR for the number of health clubs/gyms in the US from 2012-2016 is calculated to be 4.5%.

Since we found no preexisting data for industry projections, we applied the same CAGR for the next 3-5 years. Therefore, we expect US health club/gym membership to grow to 67.3 million by 2021 and 71.9 million by 2023. We also calculated the number of health clubs/gyms to reach 45,535 by 2021 and 49,725 by 2023.

US FITNESS INDUSTRY

While we found no preexisting information for the US fitness industry specifically, we found that IBISWorld's 2018 report "Gym, Health & Fitness Clubs - US Market" estimated a collective revenue of $34 billion for the industry with an annual growth of 2.8% within the last 5 years. There were also 111,869 businesses with 808,356 employed individuals in the US gym, health, and fitness industry as of 2018.

Statista reported that fitness centers and the health club industry in the US had a total revenue of $27.6 billion in 2016. Statista also gave the collective revenue for the fitness, health and gym club industry in the US for the years 2015-2021:

2015 - $26.6 billion
2016 - $27.15 billion
2017 - $27.83 billion
2018 - $28.8 billion
2019 - $29.75 billion
2020 - $30.79 billion
2021 - $31.53 billion

Using the figures above, we calculated the growth rate to be 2.45% between 2015 and 2021.
We found additional information for the global fitness industry from Wellness Creative Co. According to the article, the growth rate of the global fitness industry is estimated to be 2.6% in 2018 while revenue totaled $83.1 billion in 2016.

While we found no preexisting data around US fitness club membership, we found the following relevant information: IBISWorld reported that the gym-going demographic aged 20 to 64 increased demand for fitness and gym membership in the past 5 years. In the next 5 years, Baby Boomers are also expected to spur demand for health and fitness club memberships.

CONCLUSION

To wrap it up, we found that the US market size for personal trainers reached $9 billion in 2017 and expected to reach $10.5 billion by 2022. Also, the US gym industry had 57.3 million members in 2016 which is expected to reach 71.9 million by 2023. Finally, the US fitness industry (together with health clubs and gyms) had a total of $27.8 billion in revenue in 2017 and projected to reach $31.53 billion by 2021.
Sources
Sources