AAC ID Solutions is a leading supplier of identification access wristbands, barcoded wristband tickets, lanyards, membership products and RFID solutions for events and venues, working with thousands…read more
Report identifies growth in personal training led by rising levels of health consciousness
A new industry report from IBISWorld charts how the strong growth in personal training services over the past five years has been fueled by rising levels of health consciousness in Australia and a growing interest in weight-loss programs and fitness regimes.
IBISWorld’s Industry Report OD4195 Personal Trainers in Australia, suggests that Australia’s economic prosperity and growth has provided consumers with greater purchasing power to spend on personal training as their level of discretionary income has risen in line with the overall economy.
The Report suggests “growing levels of obesity have also contributed to industry growth, as overweight consumers typically prefer personal training to gym memberships as these services are more specialised and results oriented.
“Obesity in Australia has been rising due to the ageing population, since the likelihood of an individual becoming overweight increases with age. Moreover, pressure to work longer hours has led to increasingly sedentary lifestyles, further contributing to growing obesity levels.
“As a result of increasing health awareness, industry revenue is expected to increase by an annualised 10.9% over the past five years, to total $390.0 million in 2013-14.
“Although the industry achieved robust growth over the five-year period, revenue fell significantly in 2008/09 following the global financial crisis. This was a result of consumers substituting personal training services for inexpensive do-it-yourself exercise methods. “Despite this, the industry quickly recovered as household income growth remained steady. “Also, continued awareness of the need for a healthy body, promoted through TV programs and government initiatives, has helped keep the industry’s activities at the forefront of consumers’ minds. Industry revenue is anticipated to grow by 3.9% in 2013-14.
“Growth in discretionary incomes and health consciousness are expected to continue over the next five years. As a result, the industry is projected to reach saturation point as a growing number of entrants creates a higher level of competition among industry operators, forcing prices down overall.
“Consequently, profit is also expected to drop once these competitive pressures start to affect the industry.”
IBISWorld forecasts that industry revenue will rise at an annualised 2.4% over the next five years.
The report cover those individuals that it identifies as offering one-on-one and small group fitness training as well as those that may also provide personalised diet programs and are typically employed by gyms, fitness studios and hospitals, or are self-employed.
For more information go to www.ibisworld.com.au
13th August 2014 - FITNESS INDUSTRY SURVEY IDENTIFIES POTENTIAL OF PERSONAL TRAINING
11th February 2014 - IBISWORLD PREDICTS FLAT GROWTH IN FITNESS INDUSTRY THROUGH 2014
Asking a small favour
We hope that you value the news that we publish so while you're here can we ask for your support?
The news we publish at www.ausleisure.com.au is independent, credible (we hope) and free for you to access, with no pay walls and no annoying pop-up ads.
However, as an independent publisher, can we ask for you to support us by subscribing to the printed Australasian Leisure Management magazine - if you don't already do so.
Published bi-monthly since 1997, the printed Australasian Leisure Management differs from this website in that it publishes longer, in-depth and analytical features covering aquatics, attractions, entertainment, events, fitness, parks, recreation, sport, tourism and venues management.
Subscriptions cost just $90 a year.
Click here to subscribe.
The Complete Guide to Leisure Industry Products & Services.
Principal Consultant Simon Weatherill has spent the last 20 years developing the world renowned Melbourne Sports Hub, as former Chief Executive Officer of the State Sports Centres Trust…read more
TJS Services is a leading national facility services provider. We deliver quality cleaning, maintenance, construction and facility management services to over 1,500 sites Australia wide. Our…read more
Vticket Pty Ltd is the Australian and New Zealand distributor for Gateway Ticketing Systems Inc., the world leader in high-speed access control, admission control and ticketing software for the…read more
HTS Group Ltd provides a complete design, system integration, installation and maintenance package to the transportation, traffic engineering, parking and sports timing industries in New Zealand,…read more
Trisley's Hydraulic Services P/L (THS) are a specialised pool company dealing with all aspects of the commercial swimming pool industry, including the installation and servicing from the smallest…read more
Ecoline is a highly experienced and skilled company that offers world-first technology in safety, protects the environment and provides a unique and challenging custom-made adventure and educational…read more
Centaman has been a market leader in Enterprise Software Solutions for the leisure and recreation industry and both profit and not-for-profit attractions since 1991. It offers a wide range of software…read more
get listed with our suppliers directory
Get your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!