Table of Contents
How much does the average person spend on memberships per month?
The average American pays $237 a month for subscription services, according to a July 2018 report from West Monroe Partners. Eighty-four percent of Americans also completely underestimate how much they spend every month, according to the report.
How much do Americans spend on fitness equipment?
In North America, the fitness/strength equipment market was valued at 5.24 billion U.S. dollars in 2018. In 2018, U.S. consumers spent some 3.86 billion U.S. dollars on fitness equipment for home use. This was up from 3.76 billion U.S. dollars in wholesale sales the previous year.
How much is the fitness industry worth 2020?
The global gym industry is worth $96.7 billion in 2020, with more than 184 million gym members in total. 2020 is a true testament to the growing gym industry trends where the global gym industry is worth $96.7 billion.
How much do Millennials spend on fitness?
On average, consumers spend $124.40 per month on fitness expenses. That includes 46% of Gen Z, 44% of millennials, and 33% of people overall.
How much do you spend on fitness a month?
The average American adult spends $155 per month on their health and fitness – that’s an average of $112,000 in their lifetime!
Who spends the most on fitness?
The United States leads the world in spending for every segment, including fitness classes ($37 billion), sports and recreation ($58 billion), apparel and footwear ($117 billion), equipment and supplies ($37.5 billion), mindful movement, such as yoga ($10 billion), and related technology ($8.1 billion).
Is the gym industry dying?
IHRSA estimates the industry lost $20.4 billion in 2020, just one year removed from generating an all-time high of $35 billion in revenue. These losses represent a 58% revenue decline. In April and May alone, the industry lost $5.5 billion in revenue.
How much is the fitness industry worth in the US?
Every day, thousands of fitness fanatics hit the gym to keep in shape. In 2020, the market size of the gym, health and fitness club industry in the United States was estimated at over 32 billion U.S. dollars. The sector was forecast to reach 33.25 billion U.S. dollars in 2021.
How much do Gen Z spend on fitness?
On average, consumers spend $124.40 per month on fitness expenses. That includes 46% of Gen Z, 44% of millennials, and 33% of people overall. The most common fitness expenses among spenders include: Gym membership (76%)
Should I spend money on a gym membership?
If you’re committed to following an exercise routine, prefer to work out at a gym or fitness center, and can afford it – a membership isn’t wasting money. Regular workouts will not only improve your physical health but your mental health too. Just be sure to include the membership fee in your monthly budget.
How much do you spend on fitness per year?
The average American spends $1,860 annually on health and fitness, including gym memberships, reports GOBankingRates. Now to be fair, we don’t know exactly how that figure breaks down, and it’s possible that some folks spend a chunk of that sum on personal exercise equipment as opposed to a gym itself.
What’s missing in the fitness industry?
But the lack of regulation means it’s all too easy for people to share information on fitness, health – and pretty much anything – without any factual backing. Information Overload. Elitist Attitudes. Lack of Member Support.
How much money do people spend on gym memberships?
About 82.1 million adults spend an estimated $28.6 billion on gym memberships each year. And yet 6.3% of these aspirational gymgoers never end up using them. Those who use the gym more than never but less than twice a week (43.8%) spend annually $12.5 billion of this $28.6 billion.
How much do Americans spend on health and fitness?
Gym memberships, protein shakes, fitness clothing – it all adds up! But have you ever wondered how much you really spend on your health and fitness? In a survey conducted by Myprotein covering 1,350 Americans aged 18 to 65, the results show how much each state spends on their health and fitness habits.
How much does the average American spend on personal trainers?
Americans from Georgia have the highest average spend on organic products at $16.67 per month, but only 37% of the state spends money on personal trainers, with the majority of these spending less than $20 each month. If you want to bulk on a budget]
How much does Alabama spend on health and fitness?
Alabama’s lifetime expenditure on all areas of health and fitness (gym memberships, personal trainers, meal plans, gym clothing & accessories, and all supplements) comes in at $152,460, only $5,220 less than the national lifetime average spend on health insurance amongst 18 to 24 year olds ($157,680). [1]