GET SPA BUSINESS
magazine
Yes! Send me the FREE digital editions of Spa Business and Spa Business insider magazines and the FREE weekly Spa Business and Spa Business insider ezines and breaking news alerts!
Not right now, thanksclose this window
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.
RELATED STORIES
MORE NEWS
Equinox tells HCM it plans to fight $11.25m race discrimination ruling
Lifestyle brand Equinox has told HCM it plans to fight a ruling by the US courts that it must pay pay US$11.25m to a former employee who claimed she was discriminated against due to her race and gender, saying it "vehemently disagrees with the jury’s finding".
Hadi Teherani-designed alpine nature spa opens at Hotel Krallerhof in Austria
Austria’s five-star alpine wellness retreat Hotel Krallerhof has been updated with a new nature- centric glass-fronted spa, Atmosphere by Krallerhof.
Wellness gets wild as JW Marriott safari retreat opens in Masai Mara National Reserve
JW Marriott has branched into the luxury safari segment with a wellness-forward retreat property in one of Africa's most renowned wildlife and wilderness conservation regions.
Architizer celebrates best of spa and wellness architecture at 11th Annual A+Awards
Global online architecture platform Architizer has spotlighted innovative spa and wellness architecture concepts around the world as part of its 11th Annual Architizer A+Awards.
+ More news   
LATEST JOBS
+ More jobs  

FEATURED SUPPLIERS

Biologique Recherche: 45 years of passion
Biologique Recherche was founded by a family of passionate skincare experts. Today, it is managed by Rupert Schmid and Pierre-Louis Delapalme, while Philippe Allouche, son of founders Yvan and Josette Allouche, leads the Research & Development team. [more...]

Fashionizer Spa's sustainable Eco Smooth fabric now available in new styles and colourways
Two years after Fashionizer Spa launched its durable, breathable and comfortable eco- friendly fabric Eco Smooth, the company is pleased to announce two new styles created in the fabric. [more...]
+ More featured suppliers  
COMPANY PROFILES
Mindbody

Mindbody is the leading technology platform for the wellness industry, featuring an app that allows [more...]
Seed To Skin

Founded by Jeanette Thottrup in 2018, in Tuscany, Seed to Skin is an award winning skincare line. [more...]
+ More profiles  
CATALOGUE GALLERY
 

+ More catalogues  

DIRECTORY
+ More directory  
DIARY

 

01-04 Jun 2023

Rimini Wellness

Rimini Exhibition Center, Rimini, Italy
11-14 Jun 2023

W3Spa EMEA

Le Meridien Lav, Split, Croatia
+ More diary  
 
ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
LEISURE MEDIA HANDBOOKS
LEISURE MEDIA WEBSITES
LEISURE MEDIA PRODUCT SEARCH
 
SPA BUSINESS
SPA OPPORTUNITIES
SPA BUSINESS HANDBOOK
PRINT SUBSCRIPTIONS
FREE DIGITAL SUBSCRIPTIONS
ADVERTISE . CONTACT US

Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2023
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.
RELATED STORIES
MORE NEWS
Equinox tells HCM it plans to fight $11.25m race discrimination ruling
Lifestyle brand Equinox has told HCM it plans to fight a ruling by the US courts that it must pay pay US$11.25m to a former employee who claimed she was discriminated against due to her race and gender, saying it "vehemently disagrees with the jury’s finding".
Hadi Teherani-designed alpine nature spa opens at Hotel Krallerhof in Austria
Austria’s five-star alpine wellness retreat Hotel Krallerhof has been updated with a new nature- centric glass-fronted spa, Atmosphere by Krallerhof.
Wellness gets wild as JW Marriott safari retreat opens in Masai Mara National Reserve
JW Marriott has branched into the luxury safari segment with a wellness-forward retreat property in one of Africa's most renowned wildlife and wilderness conservation regions.
Architizer celebrates best of spa and wellness architecture at 11th Annual A+Awards
Global online architecture platform Architizer has spotlighted innovative spa and wellness architecture concepts around the world as part of its 11th Annual Architizer A+Awards.
Wellbeing strategist Dr Glenda Rivoallan to keynote Spa Life UK 2023
Industry event Spa Life UK is back for 2023 from 2-4 July at the De Vere Cotswold Water Park Hotel.
Kelleye Martin named spa director of The Houstonian’s Trellis Spa
Iconic Texas hotel and wellness destination Texas The Houstonian Hotel, Club & Spa has announced the appointment of Kelleye Martin as the new director of its Trellis Spa.
+ More news   
 
FEATURED SUPPLIERS

Biologique Recherche: 45 years of passion
Biologique Recherche was founded by a family of passionate skincare experts. Today, it is managed by Rupert Schmid and Pierre-Louis Delapalme, while Philippe Allouche, son of founders Yvan and Josette Allouche, leads the Research & Development team. [more...]

Fashionizer Spa's sustainable Eco Smooth fabric now available in new styles and colourways
Two years after Fashionizer Spa launched its durable, breathable and comfortable eco- friendly fabric Eco Smooth, the company is pleased to announce two new styles created in the fabric. [more...]
+ More featured suppliers  
COMPANY PROFILES
Mindbody

Mindbody is the leading technology platform for the wellness industry, featuring an app that allows [more...]
+ More profiles  
CATALOGUE GALLERY
+ More catalogues  

DIRECTORY
+ More directory  
DIARY

 

01-04 Jun 2023

Rimini Wellness

Rimini Exhibition Center, Rimini, Italy
11-14 Jun 2023

W3Spa EMEA

Le Meridien Lav, Split, Croatia
+ More diary  
 


ADVERTISE . CONTACT US

Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2023

ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
LEISURE MEDIA HANDBOOKS
LEISURE MEDIA WEBSITES
LEISURE MEDIA PRODUCT SEARCH
PRINT SUBSCRIPTIONS
FREE DIGITAL SUBSCRIPTIONS