About the Fitness Industry
Now Is the Time to Join Our Fitness Franchise
As a legendary brand with over 45 years of experience, World Gym is proud to be part of an industry that continues to grow. Following a challenging year of pandemic closures and shifts in consumer behaviors, the health and fitness industry is expected to show an annual growth rate (CAGR 2022 – 2026) of over 8% (Source: Statista). According to Nasdaq, the gym, health, and fitness club market reached $33B in 2021, and as the pandemic continues to recede and consumers return to pre-pandemic behaviors, that number is expected to climb in 2022 and beyond.
Here are a few encouraging projections about our industry:
- Millennials will spend over $100,000 in fitness-related purchases in their lifetime (Source: Nasdaq)
- By the year 2030, nearly half the adult U.S. population will be considered obese, increasing the need for health and fitness resources (Source: Nasdaq)
- The fitness industry was worth approximately $159B in 2019 and is expected to grow to over $190B in 2022 (Source: RunRepeat)
World Gym Goes Virtual
As gyms and fitness centers shut down in early 2020, many gym-goers and fitness enthusiasts turned to online services to maintain their health and fitness. Though gyms have reopened and many members have returned to working out in person, this new trend shows no signs of slowing down. According to RunRepeat, the online/digital fitness industry is still projected to grow by approximately 33% per year.
Our gym franchise has adapted to accommodate this new trend. The World Gym Anywhere app offers members the convenience and flexibility they desire. This virtual training platform offers world-class, signature programming that can be accessed from anywhere. This is another way in which World Gym retains memberships, and it serves as an additional revenue stream for our franchise owners. Now is the time to join our gym franchise, so take the first step today!