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NEWS
GWI report: global physical activity sector worth US$828bn
POSTED 15 Oct 2019 . BY Tom Walker
Among the report's findings is that the global fitness industry is now worth US$109bn (€99bn, £86bn)
The physical activity economy is now a US$828bn (€752bn, £655bn) market – and its value is expected to grow further to US$1.1tn (€1tn, £870bn) by 2023.

The figure comes from a large-scale economic study by The Global Wellness Institute (GWI), published on 15 October.

In the report, called Move to be Well: The Global Economy of Physical Activity, the physical activity economy is described as incorporating fitness, sports, active recreation, equipment, apparel/footwear, technology and mindfulness activities.

Among its findings is that the global fitness industry is now worth US$109bn (€99bn, £86bn) – and that the sector continues to be "fast and furious" in its growth.

The growth is attributed partly to the fitness sector's innovation and its ability to devise new approaches. The report lists the likes of HIIT and CrossFit as "recent additions" to the sector's offer.

Another finding is that the average "global participant" spends US$384 (€349, £304) yearly on fitness and gyms.

"Health clubs and gyms have experienced tremendous global expansion over the last decade, with over 50 per cent growth in revenues from 2007-2018," the report reads.

"In 2017, GWI estimated that the fitness and mind-body sector was worth US$595bn."

The report values the other segments of the physical activity sector as follows:

• Sports and active recreation US$230bn
• Apparel/footwear US$333bn
• Equipment and supplies US$109bn
• Mindfulness activities (yoga, tai chi) US$29bn
• Technology US$26bn

When it comes to average spend on physical activity by person, North America (US$1,345) and Europe (US$528) lead the way, followed by the Middle East and North Africa (US$181) and Asia Pacific (US$171).

Other findings include that, globally, the top twenty markets account for 86 per cent of all physical activity spending.

Not all of the spend, however, is on getting physically active.

"In many large markets, spending on apparel and shoe purchases can greatly exceed spending on actual physical activity participation, such as in the United States, France, Brazil, India, and South Africa," the report states.

"In other countries, such as South Korea, Australia, and the Netherlands, the opposite is the case.

"The rate of participation in recreational physical activities varies widely among the top markets, ranging from a high of 84 per cent in Australia and Taiwan to a low of 15 per cent in India."

• To download and read the full report, click here.
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Uniting the world of spa & wellness
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News   Products   Magazine   Subscribe
NEWS
GWI report: global physical activity sector worth US$828bn
POSTED 15 Oct 2019 . BY Tom Walker
Among the report's findings is that the global fitness industry is now worth US$109bn (€99bn, £86bn)
The physical activity economy is now a US$828bn (€752bn, £655bn) market – and its value is expected to grow further to US$1.1tn (€1tn, £870bn) by 2023.

The figure comes from a large-scale economic study by The Global Wellness Institute (GWI), published on 15 October.

In the report, called Move to be Well: The Global Economy of Physical Activity, the physical activity economy is described as incorporating fitness, sports, active recreation, equipment, apparel/footwear, technology and mindfulness activities.

Among its findings is that the global fitness industry is now worth US$109bn (€99bn, £86bn) – and that the sector continues to be "fast and furious" in its growth.

The growth is attributed partly to the fitness sector's innovation and its ability to devise new approaches. The report lists the likes of HIIT and CrossFit as "recent additions" to the sector's offer.

Another finding is that the average "global participant" spends US$384 (€349, £304) yearly on fitness and gyms.

"Health clubs and gyms have experienced tremendous global expansion over the last decade, with over 50 per cent growth in revenues from 2007-2018," the report reads.

"In 2017, GWI estimated that the fitness and mind-body sector was worth US$595bn."

The report values the other segments of the physical activity sector as follows:

• Sports and active recreation US$230bn
• Apparel/footwear US$333bn
• Equipment and supplies US$109bn
• Mindfulness activities (yoga, tai chi) US$29bn
• Technology US$26bn

When it comes to average spend on physical activity by person, North America (US$1,345) and Europe (US$528) lead the way, followed by the Middle East and North Africa (US$181) and Asia Pacific (US$171).

Other findings include that, globally, the top twenty markets account for 86 per cent of all physical activity spending.

Not all of the spend, however, is on getting physically active.

"In many large markets, spending on apparel and shoe purchases can greatly exceed spending on actual physical activity participation, such as in the United States, France, Brazil, India, and South Africa," the report states.

"In other countries, such as South Korea, Australia, and the Netherlands, the opposite is the case.

"The rate of participation in recreational physical activities varies widely among the top markets, ranging from a high of 84 per cent in Australia and Taiwan to a low of 15 per cent in India."

• To download and read the full report, click here.
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London has gained a substantial new urban spa in Belgravia following The Peninsula London’s grand unveiling of its subterranean Spa & Wellness Centre.
Auberge Resorts channels mindful movement for 2024 with exclusive Sanctum retreats
Global mindful movement specialist Sanctum will debut in the US in 2024 thanks to a new year-long partnership with Auberge Resorts Collection.
Google launches Gemini AI – its ChatGPT killer
Google has just released Gemini, a new AI which is being billed as a "ChatGPT Killer".
Bear Grylls launches meditation app for men
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ADVERTISE . CONTACT US

Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2023

ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
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LEISURE MEDIA PRODUCT SEARCH
PRINT SUBSCRIPTIONS
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