Fighting fit: Revenue grows thanks to public health initiatives and the rise of budget gyms

The Gyms and Fitness Centres industry has been off to a flying start. Over the five years through 2018, IBISWorld expects industry revenue to increase at a compound annual rate of 6.3%. In 2018, revenue is forecast to grow by 7.2% to reach €119.4 million. Industry demand has been buoyed by public health initiatives that have shed light on the role of exercise in fighting diabetes, obesity and other health ailments. As health consciousness has increased, demand for gyms and fitness activities has followed suit. Healthy lifestyle trends and a strong emphasis on appearance in the media have both heightened people's focus on self-image and fitness...read more.

Industry Statistics & Market Size
Revenue
£119.4m
Annual Growth 13-18
6.3%
Forecast Growth 18-23
Profit
Employment
1,264
Businesses
123
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Industry revenue has expanded strongly partly thanks to the rise of budget gyms
  • Operators have used social media as a low-cost marketing tool to encourage membership
  • Niche markets are expected to provide the largest opportunity for industry growth
  • Industry Report - Industry Products Chapter

    There are a wide range of gyms and health clubs in the industry that cater to different markets. Examples include traditional gyms, women-only gyms such as Curves, premium full-service health clubs, 24-hour gyms and budget-model gyms. Gyms generally offer their services on a membership basis and require customers to sign a contract.As competition in the industry has risen and low-cost, budget operators have entered, clubs have begun offering more flexible options. Some gyms offer more casual memberships without a joining fee that can be renewed monthly. Although these are a convenient option, the monthly rate of these memberships is higher on average than those with long-term contracts. Day...purchase to read more.

    Additional Insights for the Gyms & Fitness Centres Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Gyms & Fitness Centres Industry are

  • Easy access for clients
  • Having a loyal consumer base
  • Having a clear market position
  • IBISWorld analysts also discuss how external factors such as Modified real disposable income per capita and Perceived health in the Gyms & Fitness Centres industry impact industry performance..

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    What's in this report

    What is the Gyms & Fitness Centres in Ireland Industry?

    Operators in this industry provide fitness facilities, specifically gyms and health clubs. These organisations typically provide services on a membership basis and benefits include the use of exercise equipment and weights, personal training, group classes and other club facilities.

    Industry Products
  • Membership
  • Personal Training
  • Classes
  • Daily passes
  • Industry Activities
  • gyms and health clubs
  • Provision and running of fitness and bodybuilding clubs and facilities
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Modified real disposable income per capita
  • Perceived health
  • National unemployment rate
  • Sport participation

  • Current Performance
    Health ailments and demandTechnology and marketingBudget gymsCompetition and challengesMarket structure and profit
  • Chart: Revenue Growth

  • Industry Outlook
    Competitive landscapeRising demandNew opportunitiesGrowth strategiesMarket structure and profit
  • Table: Gyms & Fitness Centres Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Gyms & Fitness Centres Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • General Medical Practices in Ireland

  • Key Selling Industries
  • Food, Beverage & Tobacco Wholesaling in Ireland
  • Hairdressing & Beauty Treatment in Ireland

  • Products & Services
  • Membership
  • Other
  • Personal Training
  • Classes
  • Daily passes
  • Chart: Gyms & Fitness Centres Industry Products and Services Segmentation

  • Demand Determinants
  • Household disposable income
  • Social trends
  • Other

  • Major Markets
  • People aged between 25 and 44 years
  • People aged between 45 and 64 years
  • People aged between 16 and 24 years
  • People aged 65 years and over
  • People aged 15 and under
  • Chart: Major Market Segmentation for the Gyms & Fitness Centres Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Rent
  • Utilities
  • Depreciation
  • Marketing
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Gyms & Fitness Centres

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Gyms & Fitness Centres Industry

  • Industry Globalization
    Flyefit Group Ltd, Barkisland (Developments) Ltd, Energie Corporation Ltd, Dalata Hotel Group plc,
  • Table: Flyefit Group Ltd - financial performance
  • Table: Barkisland (Developments) Ltd - financial performance
  • Table: Energie Corporation Ltd - financial performance
  • Table: Dalata Hotel Group plc - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Gyms & Fitness Centres Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Gyms & Fitness Centres Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Cardio
  • Cardiovascular training or aerobics.
  • Smart Gym
  • A gym equipped with lighting, heating and electronic devices that monitor an individual’s health vitals through a device, or where facilities can be controlled remotely.
  • Yoga
  • A system of physical, mental and spiritual exercises that originated in ancient India.
  • What Our Customers Say

    Why buy this report?

    The Gyms & Fitness Centres in Ireland market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Gyms & Fitness Centres in Ireland:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Gyms & Fitness Centres in Ireland market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Gyms & Fitness Centres in Ireland, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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