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Executive Summary
Azoth Analytics has released a research report titled “Global HVLP Gyms Market (2023 Edition)†which provides a complete analysis of the Global HVLP Gyms industry in terms of number of HVLP Gyms, Membership, segmentation By Service Type (Membership Fees, Personal Training and Instruction, Total Admission Fees, Other Service Types), Age (Less than 18 years, 18 - 35 years, 35 - 55 years, More than 55 years) and Ownership (Franchised, Company-Owned) for the historical period of 2019-2022, the estimates of 2023 and the forecast period of 2024-2029.
The research report covers a detailed analysis of the regions (Americas, Europe, APAC, Middle East Africa) and 10 countries (United States, Canada, Mexico, United Kingdom, Germany, France, Italy, China, Japan, and India). Additionally, the research report presents data including market size, yearly growth, potential analysis, the competitive study of market players, investment opportunities, and demand forecast.
The research report also assesses growth indicators, restraints, supply and demand risk, and other important statistics, as well as a full assessment of current and future market trends that are relevant to the market evolution.
The Global HVLP Gyms Market is expected to generate USD 51 Billion by the end of 2029, up from USD 36.9 Billion in 2022. The High-Value, Low-Price (HVLP) gym market is a segment of the fitness industry that focuses on providing affordable gym membership options without sacrificing the quality of facilities and services. These gyms typically offer no-contract memberships, making fitness accessible to a broad spectrum of consumers. During the forecast period, 2024-2029, Global HVLP Gyms is expected to expand at a CAGR of 5.7%. on the back of the growing population, as well as the growing urbanization rate.
The concept of HVLP gyms emerged in response to the growing demand for fitness facilities that were more budget-friendly than traditional gyms. The late 20th century saw the rise of these gyms, with notable brands such as Planet Fitness and Anytime Fitness pioneering the HVLP model.
The Americas, comprising North, Central, Latin, and South America, represents a significant market for HVLP Gyms. HVLP gyms typically operate on a no-contract model, reducing financial commitment and risk for members. This flexibility attracts individuals who are hesitant to commit to long-term contracts. These gyms offer a wide range of fitness facilities, including cardio machines, strength training equipment, and group exercise classes, catering to various fitness preferences.
Scope of the Report:
• The report analyses the HVLP Gyms Market by Value (USD Billion).
• The report analyses the HVLP Gyms Market by Volume (Number of HVLP Gyms).
• The report presents the analysis of the HVLP Gyms Market for the historical period of 2019-2022, the estimated year 2023, and the forecast period of 2024-2029.
• The report analyses the HVLP Gyms Market by Service Type (Membership Fees, Personal Training and Instruction, Total Admission Fees, Other Service Types).
• The report analyses the HVLP Gyms Market by Age (Less than 18 years, 18 - 35 years, 35 - 55 years, More than 55 years).
• The report analyses the HVLP Gyms Market by Ownership (Franchised, Company-Owned).
• The key insights of the report have been presented through the frameworks of SWOT and Porter’s Five Forces Analysis. Also, the attractiveness of the market has been presented by Country.
• Also, the major opportunities, trends, drivers, and challenges of the industry have been analyzed in the report.
• The report tracks competitive developments, strategies, mergers and acquisitions, and new product development. The companies analyzed in the report include Planet Fitness, Crunch Fitness, Workout Anytime, Blink Fitness, Chuze Fitness, Anytime Fitness, Jetts Fitness, Gold’s Gym, Virgin Active, GoodLife Fitness.
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