Dublin, May 01, 2024 (GLOBE NEWSWIRE) -- The "Personal Trainers in the US - Industry Research Report" report has been added to ResearchAndMarkets.com's offering.
Personal trainers operate in two general areas: the largest segment is in gyms and other fitness centers, while the other segment is in-house operations, tailoring workouts and regiments to the individual client and their needs at home.
This industry derives its demand from downstream consumer groups. The group with the highest demand for personal trainer services are the 35- to 50-year-old consumers. Due to the nature of the industry, consumers with a higher per capita disposable income are much more likely to purchase discretionary goods, with some personal training sessions topping over $100 per hour.
Market share concentration for the Personal Trainers industry in the US is low, which means the top four companies generate less than 40% of industry revenue. The average concentration in the Other Services (except Public Administration) sector in the United States is 8%.
Industry Statistics and Highlights
- The rates of obesity are expected to grow through both periods across the US. This keeps personal trainer services very relevant, bolstering demand.
- Demand for personal trainers at fitness centers was bolstered by rising disposable income. As a result, revenue has continued to climb despite economic hardships.
- The Southeast has the highest concentration of establishments, benefiting greatly from the massive population presence in the region.
- The constant demand to stay healthy and active plays an integral role in establishing a competitive marketplace for industry clubs. As there is a significant overlap in consumer priorities, many personal trainers must go the extra mile to set themselves apart from the competition, which includes standard gyms.
Trends and Insights
- Health consciousness grips the public: Obesity has taken center stage in public discourse and encouraged health consciousness.
- Shifting age demographics benefits the industry: Over the five years to 2024, consumers between the ages of 35 and 50 have shown signs of growth. Demand for personal trainers was sustained throughout the early years of the period because of this growth.
- A rising per capita disposable income is expected to support services over the next five years: Personal training services are largely a discretionary good in the eyes of most consumers. Through 2029, as the economic problems experienced in the previous period dissipate, per capita disposable income is expected to rise.
- The industry exhibits a low level of market concentration: Due to the nature of the industry, there's very little concentration.
Report Scope
- Market Estimates from 2014-2029
- Competitive Analysis, Industry Segmentation, Financial Benchmarks
- Incorporates SWOT, Porter's Five Forces and Risk Management Frameworks
Key Topics Covered
About this Industry
- Industry Definition
- Main Activities
- Similar Industries
- Additional Resources
Industry at a Glance
Industry Performance
- Executive Summary
- Key External Drivers
- Current Performance
- Industry Outlook
- Industry Life Cycle
Products & Markets
- Supply Chain
- Products & Services
- Demand Determinants
- Major Markets
- International Trade
- Business Locations
Competitive Landscape
- Market Share Concentration
- Key Success Factors
- Cost Structure Benchmarks
- Basis of Competition
- Barriers to Entry
- Industry Globalization
Major Companies
Operating Conditions
- Capital Intensity
- Technology & Systems
- Revenue Volatility
- Regulation & Policy
- Industry Assistance
Key Statistics
- Industry Data
- Annual Change
- Key Ratios
Jargon & Glossary
For more information about this report visit https://www.researchandmarkets.com/r/adg3eo
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