Fitness industry market analysis
Fitness industry overview The fitness industry began in earnest malibutimes.net in the 1920s, with the first fitness centers opening their doors. However, it wasn’t until the 1980s that the modern fitness industry truly took shape. That’s when the first wide-ranging fitness bills were passed in the U.S., which forever changed the industry. Today, the fitness industry is one of the most highly lucrative and profitable industries in the U.S., generating an estimated $147 billion in revenue in 2012, up from $117 billion in 1990. Despite a slow start in the 1980s, the fitness industry experienced spectacular growth in the 1990s and early 2000s. It then experienced a steady decline from 2005 to 2012, before experiencing an explosive growth spurt between 2013 and 2020. By 2020, the fitness industry is estimated to be worth $191 billion, up from $147 billion in 2020. What can individual fitness business owners do? There are many different ways to skin this cat as ...