China Fitness Services Market Ecosystem
In China Fitness Market there are about ~ players operating in the overall market, and top ~ players accounted ~% share in the market in terms of revenue. The China fitness market is fragmented and has high intensified competition within industry players.
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Key Market Findings:
China Fitness Services Market was valued at USD ~ in 2022P and is projected to grow to USD ~ by 2027F, registering a CAGR of ~% in terms of revenue during the forecast period (2022P-2027F).
The sports and fitness industry in China is still at its infant stage, however, it has shown mass potential market space.
The increase in China’s fitness population: While sports and fitness enthusiasts are predominantly based in first-tier cities like Beijing and Shanghai, the advent of fitness apps has played a key role in the increased popularity of exercising throughout the nation. This has encouraged health awareness and exercising to become an essential trend, which has been burgeoning among people in China.
Growing Health Awareness: Fitness industry is growing to be biggest in the world as more and more people are increasingly taking up gym membership in lieu of growing health awareness and stress management. During the forecast period, the increasing sense of health-consciousness amongst the consumers is expected to stimulate the demand for taking fitness services.
Steadily Upgrading Business Model: Fitness firms are continuously improving their business models by including personal training, group exercise, and other value-added services as the market experiences upheaval. They are also investigating other billing model types. Fitness-related sectors are growing as a result of the market trend towards more open, expert, and standardized services.
Analysts at Ken Research in their latest publication “China Fitness Services Market Outlook to 2027F – By Market Structure (Organized, Unorganized) By Revenue Stream (Membership, Personal Trainer, Supplementary Services) By Subscription (3 months, 6 months, 1 year, Others) By Gender (Male, Female) Region (Northern Region, Southern Region, Western Region, Eastern Region)..” observed that China Fitness Services Market is expected to showcase considerable growth in the coming five years. It is anticipated to grow more quickly in the next years owing to the growing consumer awareness about the health, rising Fitness popularity and growing disposable incomes. The Fitness Services market in China is expected to grow at ~% CAGR over the forecasted period 2022-2027F.
Key Segments Covered in the report
By Market Structure
By Revenue Stream
Key Target Audience
Fitness Equipment Manufacturers
Fitness Equipment Distributors
Time Period Captured in the Report:
Historical Period: 2017-2022P
Base Period: 2022P
Forecast Period: 2022P-2027F
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Life Time Fitness
24 Hour Fitness
Key Topics Covered in the Report
China Fitness Services Market Overview
China Fitness Services Market Segmentation
Ecosystem and Business Cycle of China Fitness Market
Market Share of Major Players in China Fitness Market
Competition Scenario of China Fitness Market
Industry Analysis of China Fitness Market
Value Chain of China Fitness Market
Key Growth Drivers in China Fitness Market
End User Analysis of China Fitness Market
Key Challenges of China Fitness Market
SWOT Analysis of China Fitness Market
Future Outlook of China Fitness Market
Trends and Development of China Fitness Market
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This release was published on openPR.