Gym, Health & Fitness Clubs in Canada - Industry Market Research Report

Gym, Health & Fitness Clubs in Canada - Industry Market Research Report
Gym, Health & Fitness Clubs in Canada

Revenue for gyms and fitness clubs has grown in recent years as a result of consumer trends and the proliferation of public health campaigns. With an increasing rate of adult obesity, the Public Health Agency of Canada (PHAC) has stressed adherence to fitness and healthy lifestyle choices. According to the PHAC and the Canadian Institute for Health Information, obesity is expected to incur more than $5.0 billion in costs each year, which must be covered by the healthcare system. In response, many health insurance companies have incentivized fitness by subsidizing health club memberships. Businesses also incentivize health and wellness in this way as a means of boosting workforce productivity and reducing long-term healthcare costs. Revenue is expected to grow at a CAGR of 1.3% to $4.6 billion through the end of 2023, including growth of 13.7% in 2023 alone when profit will account for 5.5% of revenue.

The Gym, Health and Fitness Clubs industry in Canada operates fitness and recreational sports facilities that feature exercise and other active physical fitness conditioning or recreational sports activities, such as swimming, skating or racquet sports. Operators are also involved in facilities management and fitness instruction.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.