Boxing Gyms & Clubs in the US - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

Over the past five years, boxing gyms and clubs struggled against economic disruption and external competition, though favorable demographic trends like an aging population and increased disposable incomes have offered a cushion of support. Fitness services are discretionary, so changes to the external environment affect how much consumers are willing to splurge on boxing gym memberships. Economic volatility spurred by the pandemic dampened consumer spending on luxury fitness options. The outbreak of COVID-19 resulted in a substantial collapse in revenue in 2020, as strict social distancing measures led to many business closures. Though boxing gyms managed to implement virtual coaching, other fitness industries were able to adapt to this change better. Revenue collapsed at a CAGR of 7.7% over the past few years and will reach $1.0 billion in 2024, including a 1.5% loss that year.

Trends and Insights

• The rise of home workouts and multifunctional fitness machines challenges traditional boxing gyms.
• Consumers have been favoring cost-effective, convenient at-home options over pricey memberships and gear. High consumer demand establishes a large revenue stream among membership fees.
• As more consumers engage in physical activities, it creates a larger demand for boxing gym memberships that consistently generate revenue. Large population presence creates incentive for new establishments.
• Regions that house a significant portion of the domestic population create a larger customer base for boxing gyms and clubs. High-quality service in boxing classes can drive internal competition.
• Thanks to positive consumer sentiment, those who excel can attract more customers, leading to higher profitability and business growth.

Industry Overview

Industry revenue has declined at a CAGR of 7.9 % over the past five years, to reach an estimated $1.0bn in 2024.

Trends and Insights

Virtual classes and tech integration shapes offerings and boxing gyms Many boxing gyms have expanded their offerings to retain members and attract new ones. Virtual training and online consultations have become popular in the last few years.

Industry outlook (2024-2029)

Market size is projected to grow over the next five years.

Trends and Insights

• Emphasis on health will likely accelerate niche demand for a variety of boxing gyms and clubs
• A resurgence in the popularity of High-Intensity Interval Training (HIIT) and functional training styles, which align with boxing workouts, will attract fitness enthusiasts seeking efficient, full-body workouts.