No sweat: Reduced patronage during the pandemic and economic pressures are limiting revenue
The industry has contended with varied trading conditions in recent years. Upwards trends in health consciousness and real household discretionary income have boosted industry demand. Although, the COVID-19 pandemic and the Central Government's (Te Kawanatanga o Aotearoa) subsequent restrictions negatively affected industry growth. Gyms and fitness centres' obligation to suspend membership fees during lockdowns and government-mandated capacity limits constrained regular gym and fitness centre operations. Industry revenue has shrunk at an annualised 0.9% through the end of 2022-23, to an anticipated $379.7 million. A tumble in the consumer sentiment index is also causing revenue to decline by an expected 8.9% in 2022-23 alone.
Industry firms operate health clubs, fitness centres and gymnasiums. The industry provides a range of fitness and exercise services.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry's key players and their market shares.
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Duval Limited
- Lift Brands New Zealand Limited
- CityFitness Group Limited
- Les Mills Holdings Limited
Methodology
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