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NEW YORK, April 26, 2021 /PRNewswire/ --
The global gym and health clubs market by application service (membership fees, personal training and instruction services, and total admission fee) and geography (North America, Europe, APAC, South America, and MEA) has been added to Technavio's offering. The global gym and health clubs market is expected to grow by USD 20.31 billion, at a CAGR of almost 4% during 2020-2024.
Technavio has announced its latest market research report titled Gym and Health Clubs Market by Service and Geography - Forecast and Analysis 2020-2024
The imposition of total lockdowns across the world led to a decline in the number of people participating in fitness activities. This significantly reduced the sales of memberships in gyms and health clubs in 2020. With things getting back to normal, many governments have eased the restrictions imposed on businesses. This is expected to increase the number of registrations in gyms and health clubs, thereby positively influencing the market growth.