China Fitness Market Outlook to 2027F
By Market Structure (Organized, Unorganized) By Revenue Stream (Membership, Personal Trainer, Supplementary Services) By Subscription (3 months, 6 months, 1 year, Others) By Gender (Male, Female)
February 2023
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About the Report
About the Report
The report provides a comprehensive analysis of the potential of the fitness market in China. The report covers an overview and genesis of the industry, market size in terms of revenue generated.
The China fitness market segmentations include Market Structure, Revenue Stream, Subscription, Gender and Region; growth enablers and drivers; challenges and bottlenecks; trends driving adoption trends; regulatory framework; end-user analysis, industry analysis, competitive landscape including competition scenario and market shares of major players. The report concludes with future market projections of each market segmentation and analyst recommendations.
Market Overview:
According to Ken Research estimates, the China fitness market is forecasted to grow at a robust CAGR in the period of 2022P-2027F, owing to increased popularity of exercising throughout the nation and the internet, particularly among the younger generation.
- The sports and fitness market in China has seen exponential growth, from about ~ gyms in 2001 to approximately ~ fitness clubs by the end of 2022.
- Opportunity seemed to be caught by digital-focus gyms with a business model of retail stores and online apps, rather than the traditional brick-and-mortar gyms that provide long-term memberships.
Key Trends by Market Segment:
By Gender: Chinese female consumers are more likely to sign up for fitness classes and personal training in gyms than their male counterparts. In 2021, female customers accounted for the majority of such memberships.
By Region: The sports and fitness enthusiasts are predominantly based in first tier cities like Beijing and Shanghai. Due to rising health awareness many fitness influencers have made fitness popular among the mass. Youth population follow the influencers as fitness icons. This has led to health awareness and exercising as an essential trend that is being embraced by everyone in China.
Competitive Landscape
In China Fitness Market there are about ~ players operating in the overall market, and top ~ players accounted ~% share in the market in terms of revenue. The China fitness market is fragmented and has high intensified competition within industry players.
Future Outlook
The China Fitness Market is projected to show a significant growth of CAGR ~% in the forecasted period of 2022-2027F, with the people growing awareness about the Health and increase in household disposable income.
Scope Of The Report
Scope of the Report
Its market segmentation includes By Market Structure (Organized, Unorganized) By Revenue Stream (Membership, Personal Trainer, Supplementary Services) By Subscription (3 months, 6 months, 1 year, Others) By Gender (Male, Female) By Region (Northern Region, Southern Region, Western Region, Eastern Region).
|
By Market Structure |
Organized Unorganized |
|
By Revenue Stream |
Membership Personal Trainer Supplementary Services |
|
By Subscription |
3 months 6 months 1 year Others |
|
By Gender |
Male Female |
|
By Region |
Northern Region Southern Region Western Region Eastern Region |
Products
Products
Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report
- Fitness Equipment Manufacturers
- Fitness Equipment Distributors
- Fitness Centres
- Government Organizations
Time Period Captured in the Report
- Historical Period: 2017-2022P
- Base Year: 2022P
- Forecast Period: 2022P-2027F
Companies
Major Players
- Miracle Fitness
- Impulse
- Tera Wellness
- LA Fitness
- Life Time Fitness
- 24 Hour Fitness
- Anytime Fitness
- Equinox
Table of Contents
Table of Contents
1. Executive Summary
2. China Fitness Market Overview
2.1 Taxonomy of the China Fitness Market
2.2 Industry Value Chain
2.3 Ecosystem
2.4 Government Regulations/Initiatives for the China Fitness Market
2.5 Growth Drivers of the China Fitness Market
2.6 Issues and Challenges of the China Fitness Market
2.7 Impact of COVID-19 on the China Fitness Market
2.8 SWOT Analysis
3. China Fitness Market Size, 2017 – 2022
4. China Fitness Market Segmentation
4.1 By Product Type, 2017 - 2022
4.2 By Application, 2017 - 2022
4.3 By Regional Split (North/East/West/South), 2017 - 2022
5. China Fitness Market Competitive Landscape
5.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
5.2 Strategies Adopted by Leading Players
5.3 Company Profiles – (Top 5 Major Players)
5.3.1 Miracle Fitness
5.3.2 Impulse
5.3.3 Tera Wellness
5.3.4 LA Fitness
5.3.5 SINO Fit
6. Future Market Size of China Fitness Market, 2022 – 2027
7. Future Market Segmentation of China Fitness Market
7.1 By Product Type, 2022 - 2027
7.2 By Application, 2022 - 2027
7.3 By Regional Split (North/East/West/South), 2022 - 2027
8. Analyst Recommendations
9. Research Methodology
10. Disclaimer
11. Contact Us
Research Methodology
Research Methodology
Step 1: Identifying Key Variables:
Our team will initially create an ecosystem for all the entities in the lighting Market that are providing fitness services in China Market.
Step 2: Market Building:
In the next step, we have referred to multiple secondary and proprietary databases to perform deck research around the market and collate industry-level information to create an initial level hypothesis. We will also explore company-level info by referring press releases, annual reports, financial statements, and other documents to understand basic information about the companies and market level.
Step 3: Validating and Finalizing:
Later our team will conduct a series of Interviews with multiple C-Level Executives and other stakeholders belonging to different companies to confirm the market hypothesis, validate statistics and seek operational and financial information from company representatives.
Step 4: Research Output:
Furthermore, to validate this data our team will pitch each company as a potential customer through a mystery shopping exercise and will confirm the operational and financial performance of China Fitness Market Entities which have been shared by company executives and available on secondary databases. We will be conducting another set of CATIs with the respective entities to understand customer behaviour, channel preference, and other factors. We will also assess customer analysis in terms of their preferences and pain points.
Frequently Asked Questions
Frequently Asked Questions
01 What is the Study Period of this Market Report?
The China Fitness Market is covered from 2017–2027 in this report, including a forecast for 2022P-2027F.
02 What are the Key Factors Driving the China Fitness Market?
Increased popularity of exercising throughout the nation and the internet, particularly among the younger generation.
03 What is the Future Growth Rate of the China Fitness Market?
The China Fitness Market is expected to witness a CAGR of ~% over the next five years.
04 Who are the Key Players in the China Fitness Market?
Miracle Fitness, Impulse and Tera Wellness are the key players in the China Fitness Market.
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