It’s a good time to be in the fitness industry. According to IBISWorld, an independent source of industry and market research, revenue has increased over the past 5 years in just about all sectors.
“Together, revenue from fitness clubs, Pilates and yoga studios, boxing gyms and clubs, personal trainers, fitness DVD production and online sporting apparel sales is expected to total $45.2 billion in 2012,” says the “Fitness Industries Pump Up Revenue” special report.
IBISWorld expects the fitness industry to grow at an annual average rate of 2.3% over the next 5 years. They cite improved health consciousness and perceived social status (being able to afford memberships or wear high-end fitness clothing) as potential factors for growth.
The breakdown of revenue changes from 2007 to 2012 is shown in the chart.