UK fitness and wellbeing is one of the top growth-oriented sectors, largely due to the raising awareness of health and wellbeing consciousness.
Peoples has changed the attitude to the meaning of health which has stemmed a health epidemic within the UK, Europe and many locations around the globe. Individuals are increasingly following preventative measures and caring more about their bodies with the increased interconnectivity through social media and various other platforms. The latest research conducted in 2018 suggests that more than 14% of the UK population uses gym facilities. Between 2013 and 2018, the membership of private facilities has increased to 6.9 million and 3.3 million members in public sector facilities. The UK’s fitness industry is valued at £5.1 billion in 2018 and expected compound annual growth rate (CAGR) at 8.5% for the next five years. UK fitness market is 2nd largest in Europe after Germany and twice as large to France.
|Fee Structure||Fee||Covered Area (In Square Feet)|
|1||Low Cost||£10 - £35||100,000 - 600,000|
|2||Leisure (Public Sector)||£20 - £70||-|
|3||Mid-market||£35 - £65||100,000 - 600,000|
|4||Premium||£65 - £120||100,000 - 800,000|
|5||Boutique||£65 - £250||800 - 3500|
|6||Super Premium||£120 - £700||100,000 - 300,000|
There has been a surge at both low-cost and boutique fitness centres. Low-cost fitness centres is popular among UK and has the potential to open 75 more each year; and boutique fitness centres are on the rise in most urban areas in the UK which is the most potential for business exists.
In a recent survey in the UK (can’t find the data: 81% and 29%), 81% of respondents agree that fitness is very important in their super-fast lifestyle, while 29% of the respondents satisfy with their current fitness. Among all the fitness club targets, millennials and late baby boomers are appeared to be the frequent visitors in gyms.
The issue of health and fitness is never long out of the media these days. With obesity levels rising and the NHS straining under the weight of treating related illnesses, there’s a high demand for gyms and fitness centres. Exercise comes in many forms and most commercial gyms will offer group classes, as well as an area for individual fitness training. Gone are the days when gyms brought to mind the image of Schwarzenegger / Stallone look-alikes pumping iron. Gyms are now the refuge of yummy mummies and city professionals. In a recent survey in the UK, 81% of respondents agree that fitness is very important in their super-fast lifestyle, while 29% of the respondents satisfy with their current fitness. Among all the fitness club targets, millennials and late baby boomers are appeared to be the frequent visitors in gyms.
Like any other economic sector, fitness sector is exposing to technology as well. In fact, the technology has become an integral part of the fitness club and being used in maintaining customer data and health status indicators with hardware, software and cloud services. This sector has massive untapped potentials with a positive future look because of the health and wellbeing awareness among the general UK population.
The rise of the health and fitness chains over the past decade is proof enough that people are willing to dedicate a lot of their time and money on getting in shape. But the smaller more independent gym could offer something a bit more personal and if you’re keen to open a commercial gym that could be just the market to tap into. Many entrepreneurs write a business plan only when they need to secure start-up financing.
However, your plan is far more than a document for banks and investors to read; it’s an invaluable roadmap for launching and growing your business. In order to put your health center business concept on paper, you need to think through and research the many factors that are needed to make sure your business is a success.
To launch a fitness, you need to get yourself prepare for long working hours and a lot of strategic planning. If you would like to work your venture ideas out, feel free to call +44(0) 203 637 6137 for consulting our experts or find us through Facebook, LinkedIn or Twitter.