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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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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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Basic-Fit has signed up to trial the Wellhub network across its recently expanded Spanish network, giving access to subscribers and enabling them to use all 152 of its Spanish clubs.
Six Senses La Sagesse launches with lagoon-fronted spa inspired by Caribbean fishing villages
Six Senses has announced the grand opening of its first-ever property and spa in the Caribbean, called Six Senses La Sagesse.
US$60m Zion Canyon Hot Springs project breaks ground in Southern Utah
A brand new desert hot springs oasis, called Zion Canyon Hot Springs, is set to open in Southern Utah in Q3 of 2025.
Dedicated recovery clubs tipped to become a trend
Recovery, social wellness and longevity were talking points at the recent PerformX Live, tipped by many speakers as upcoming trends, while the exhibition halls featured infrared saunas, compression therapy and ice baths.
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Tel: +44 (0)1462 431385

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