With all the gloom and doom we see in the markets and news coverage, isn’t it time to reveal some positivity?
In this article we look at why the UK fitness industry doesn’t measure up, noting findings from both this article’s landmark search index and Future Fit data, along with market research from ONS & Statista.
After the steady growth of the industry from 2013 to 2020, we saw the largest decline in gyms and fitness centers in the UK in 2021. At this point the decline was by 614 establishments, taking gym levels back three years. This was a 17% decrease in the business.
It’s not all bad. Statistia results show that the recovery has seen the largest growth since 2011. This sector has left 46 companies positive compared to the high in 2020 – up 660 companies and a growth rate of +22%. The most significant single growth recorded in the industry dates back to 2011.
What does this mean for the UK fitness industry?
This means that the market has recovered (in principle) within 12 months. The results confirm that the mass return of fitness centers and gyms, even during an economic downturn, has been remarkable and bucks the trend with strong growth.
A spokesperson for the mirafit He said the 2020/2021 boom in the Home Fitness market was unprecedented. In comparison, the market has returned to previous levels. However, it still shows more significant numbers than before, both in terms of sales and searches, indicating that more people are interested in fitness in the years after 2021. It underscores how quickly the commercial market has been able to recover that and how The home gym market continues to grow. Plus, the numbers prove that the nation has embraced fitness to a higher level than before and is complementing that with membership or equipment purchases. This is a positive situation for everyone involved in the fitness industry.
Strength wins
Obviously, the industry will not be sidelined or decline and stagnate, so strength wins. If you are involved in the UK fitness industry, you are likely to see growth and confidence in investing in your business, be it a gym or an independent chain of gyms. It’s an exciting time to open a business or participate in a fitness center.
How important is the UK fitness market?
According to ONS, there are 191,000 people working in the sports and fitness sector. This equates to about 69,000 personal trainers and growing. Although this represents 0.28 of the UK population, it exceeds those who are directly employed. It is fair to conclude that it is very important.
How big is the fitness industry in the UK?
The UK fitness industry is extensive and, according to Future Fit, has grown to £3.92 billion.
Combined with the growing number of mobile trainers and training camps/outdoor fitness companies, it is easy to see how the overall health and fitness sector has grown to £3.92 billion this year. With so many options now available as a fitness professional, there has been no time Best for making a career in such a rewarding sector.” – futurefit.co.uk
Here we see the vision results for the top 25 fitness equipment retailers collected by salience.co.uk as part of their annual review. This takes into account the number of searches and overall visibility scores for each company, most of which show positive change from 2021 to 2022.
Why the growing fitness industry matters
Benefits to the user include;
- More comprehensive options of gyms and fitness centers.
- More professionals
- More chapters
- More specialized gyms
- Further development of machinery and equipment
- More reinvestment in the market
A positive rise affects the health of the nation.
As a nation, we are emerging from the other side of the 2021 slope stronger and willing to think about our own health and well-being. This can also lead to fewer health issues from chronic conditions, but possibly more trips to the physiotherapist!
How can this help the UK?
The healthy fitness industry has broader implications. Supports works like; Online retailers and big box stores that sell sportswear and accessories. In addition, it usually increases sales of the health food and nutritional supplement markets. Feel-good, good-looking partners are often common, and gym-goers regularly use other local services such as barbershops, beauty salons, and coffee shops in these areas. Increase sales of equipment to rackets, clubs and coaches, for example. When you consider all the touch points in a business network, service industries such as taxi companies, cleaning, and maintenance all benefit.
summary
It’s still a pragmatic time to be in the fitness industry, and there are a plethora of benefits to opening more fitness centers. This means more options, competition, and higher standards, which can only benefit gym-goers.
Conclusion
The fitness industry has had a disastrous 2021 for gyms and fitness centers, we lost some good business at the end of the pandemic. However, the positive result is that both the suppliers and the industry are showing a significant recovery level. Furthermore, it indicates that there are new business opportunities in 2023, effectively indicating that the industry is the strongest yet and will not be compared to previous forced closures and delays in opening or due to the economic downturn it experienced. We hope this article helped answer your basic questions.