Australia Fitness Centres Revenue Driven by Demand for Efficient Fitness Based Niche Models and Technological Upgradation: Ken Research

PR Newswire

GURUGRAM, India, Aug. 5, 2019 /PRNewswire/ --

Increase in ageing population from 3.9 million in 2018 to 4.5 million in 2023 is expected to widen fitness services market for seniors.
Over 63% of the Australians aged 18 and over are overweight and obese thereby driving the overall fitness services market in Australia.
Organized fitness service centres is expected to increase majorly as they are providing various additional services such as swimming pool, lockers, showers, group exercises, sports facility. Along with additional services they are accessible due to large number of centers and offer various offers and discounts on fitness services.

Expansion of Organized Market: Growth in Australia fitness services market will mainly be facilitated by growing penetration of organized fitness service centres. Number of fitness outlets of existing players such as Anytime Fitness, F45 Aus Hold Co. Pty Ltd., Cross Fit, Snap Fitness, Good Life Health Clubs, Plus Fitness, Jetts Fitness, Fernwood Fitness, Virgin Active and others are expected to amplify service quality in the coming years, leading to growth in the overall industry. Furthermore, expected expansion of organized fitness centers to 3,681 fitness centers by 2023E, will enhance the accessibility for Australians to achieve better health regime.

Increasing demand for Personal Training Market: Daily monitoring of progress, extra attention and customized exercises and growing popularity of High intensity workouts are the major reasons behind the growing demand for personal training services. Personal Training market share is expected to increase in the forecast period (2018-2023E), consequently decreasing the market share of gym membership fee. This shows that there will be an increase in the demand of personal training in future owing to its benefits leading to growth in the fitness service market in Australia.

Technological advancement: Incorporation of technology in fitness services through the advent of online workout apps, virtual classes and wearables is expected to boost the growth of the fitness service market in Australia in future since it increases the convenience and accessibility of people in remote areas as well.

Ken Research in its latest study, "Australia Gym and Fitness Centre Market Outlook to 2023 - By Revenue Stream (Membership Fee and Personal Trainer Fee), By Subscription Period (1 month, 3 months, 6 months and 1 year), By Region, By Number of Gyms, by Subscription Fees and By Gender" suggests that the demand for fitness service centres in Australia would continue to grow at a CAGR of approximately 4.0% owing to expansion in service portfolios of organized fitness service centres, adaptation of attractive marketing strategies and technological upgradation

Key Segments Covered

By Revenue Streams

Membership Fee
Personal Training Fee

By Subscription period

1 month
3 months
6 months
1 year

By Region

New South Wales
Victoria
Queensland
Western Australia
Southern Australia
Australian Capital Territory
Tasmania
Northern Territory

By Type of Market

Organized Market
Unorganized Market

By Number of Gyms by Subscription Fee

Up to 850 AUD
Between 850- 1200 AUD
Above 1200 AUD

By Gender

Male
Female

Key Target Audience

Fitness Centers in Australia
Fitness Equipment companies
Private Equity firms
Ministry of Health

Time Period Captured in the Report

Historical Period: 2013-2018
Forecast Period: 2019-2023E

Major Fitness Centers Covered

Anytime Fitness
YMCA Australia
Good life Health Clubs
CrossFit
Plus Fitness
Snap Fitness
Jetts Fitness
F45 Aus Hold Co Pty Ltd
World Gym
Fernwood Fitness
Virgin active
Genesis Fitness
Fit N Fast
Zap Fitness
Fitness First Australia Pty Ltd
Powerhouse Gyms
Furious Fitness 24/7
Stepz Gym
Derimut Gym

Key Topics Covered in the Report

Australia fitness Services Market Genesis & Overview
Australia fitness Services Market Size
Australia fitness Services Market Segmentation by By Revenue Stream (Membership Fee and Personal Trainer Fee), By Subscription Period (1month, 3months, 6months and 1year), By Region (New South Wales, Victoria, Queensland, Western Australia, Southern Australia, Australian Capital Territory, Tasmania and Northern Territory), By number of gyms by subscription fees (Upto 850 AUD, Between 850-1200 AUD and Above 1200 AUD) and By Gender (Male & Female).
Trends and Recent Developments in Australia Fitness Services Market
Issues and Challenges in Australia Fitness Services Market
Government rules and regulations, certifications in Australia Fitness Services Market
Consumer Profile in Australia Fitness Services Market
Business Profile in Australia Fitness Services Market
Australia fitness Services Market SWOT analysis
Australia fitness Services Market Competition Scenario
Australia fitness Services Market Company Profiles of Major players
Australia fitness Services Market Future & Segmentations
Australia fitness Services Market Snapshot on Personal Training
Snapshot on Other Fitness Services Market of Australia
Australia fitness Services Market Analyst Recommendations

For more information on the market research report, please refer to the below link:

https://www.kenresearch.com/healthcare/general-healthcare/australia-gym-and-fitness-centre-market-outlook/230433-91.html

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