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IHRSA Report shows 22 million members at fitness clubs across key Asia-Pacific markets
A report from the International Health, Racquet & Sportsclub Association (IHRSA) shows that 22 million members at more than 25,000 fitness clubs across key Asia-Pacific markets generated US$16.8 billion in revenue in the past year.
The newly released IHRSA Asia-Pacific Health Club Report (Second Edition), sponsored by Perfect Gym and produced in collaboration with Deloitte China, contains an in-depth analysis of the fitness trends, competitive landscape, and economic overview of 14 markets in the region.
Predicting considerable room for growth across the 14 major markets of the Asia-Pacific region, the Report shows only two markets in the region as being considered mature - Australia and New Zealand – with the the highest penetration rates at 15.3% and 13.6%, respectively.
While the fitness market shows signs of rapid growth and professionalisation in Hong Kong (5.85% penetration), Singapore (5.8%), and Japan (3.3%), opportunities for growth remain in the Philippines (0.53%), Thailand (0.5%), Indonesia (0.18%), and India (0.15%).
Commenting on the findings, Alan MacCharles, partner at Deloitte China, explains “driven by the momentum of economic growth, the fitness market in the Asia-Pacific region has shown steady growth with a positive outlook going forward.
“Overall market penetration is on an upward trajectory, reflecting an increasing awareness of health and club memberships.”
The Asia-Pacific Health Club Report is divided into the following sections:
Asia-Pacific Market Overview - a summary of topline statistics, including club count, number of memberships, market size, penetration rates, and market potential per market
Market Reports - an in-depth examination of markets in the Asia-Pacific region, including Australia, China, Beijing, Shanghai, Guangzhou, Hong Kong, Taiwan, India, Indonesia, Japan, Malaysia, New Zealand, Philippines, Singapore, South Korea, Thailand, Vietnam
Appendix - details on sources consulted, definitions and abbreviations, and exchange rates applied
Infographic Insights - visual representations of key statistics for the Asia-Pacific health club industry, including leading markets and economic powerhouses.
Jay Ablondi, IHRSA’s Executive Vice President of Global Products adds “this report is the most comprehensive examination of the Asia-Pacific health club industry available anywhere.
“The report is a must-have reference for any industry stakeholder exploring the health club market in the Asia-Pacific region. As this latest research shows, the health club industry in the region is robust, with significant potential for continued growth in many key markets.”
IHRSA has also revealed that global health club industry revenue totaled $87.2 billion in 2017, as more than 201,000 clubs served 174 million members.
This news and more was shared in the newly released 2018 IHRSA Global Report: The State of the Health Club Industry.
This Report shows that the top 10 markets across the globe account for more than two out of three fitness club members and 71% of total industry revenue. While the USA leads all markets in club count and memberships at 60.9 million and 38,477, respectively, Brazil is second in club count at 34,509, and Germany is second in number of members at 10.6 million. The USA also leads all markets in revenue with $30 billion, while Germany is second ($5.6 billion), and the United Kingdom third ($5.5 billion).
For more information go to ihrsa.org
Images: Fitness First Barangaroo, Sydney (top) and Virgin Active Bangkok (below).
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26th May 2016 - IHRSA REPORTS ONGOING GROWTH IN GLOBAL FITNESS INDUSTRY
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