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Gym, Health and Fitness Clubs in China Industry Research Report – Now Available from IBISWorld
Date:6/5/2013

San Francisco, CA (PRWEB) June 05, 2013

The Gym, Health and Fitness Clubs industry in China has been developing rapidly in recent years, largely due to increasing disposable incomes and health awareness among Chinese consumers, says IBISWorld. The industry is set to generate $4.1 billion in 2013, with annualized growth of 17.8% from 2008 to 2013.

Commercial fitness clubs began to appear in China in the early 1980s. Since then, the national economy has shown soaring development and living standards have greatly improved, which has helped to drive industry growth. Also, the number of knowledge workers in China has been growing, and as the requirement for physical activity at work fell, more modern and occupational diseases began to affect the health of professionals. Therefore, there has been increasing interest in pursuing physical exercise among China's professional class, says IBISWorld. Last, the introduction of well-established operating models for fitness centers and advanced fitness equipment from foreign enterprises has been promoting the development of the industry and attracting more domestic consumers.

The combined market share of the top four players in the Gym, Health and Fitness Clubs industry in China – Haosa Group, Wellness Group, Impulse Total Fitness, and Powerhouse Gym – is estimated at about 15.7% in 2013, according to IBISWorld. There are a large number of regional fitness clubs in the industry. Many clubs only establish chain establishments in a specific city so as to maximize their influence. These fragmented clubs provide similar fitness services and make a relatively small contribution to industry revenue. The low industry concent
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