The Deloitte research contains an in-depth analysis of the fitness industry in China, Hong Kong and Taiwan, as well as a snapshot of leading health club companies in the region.
The health club market in China is among the largest in the world. On mainland China, the combined revenue from the top 10 cities ranks fourth among all global markets at US$3.9bn in annual revenue, while the number of club members ranks ninth in the world at 4.5 million.
“Along with Hong Kong, China’s top 10 cities are among the fastest growing fitness markets in the Asia-Pacific region,” said Melissa Rodriguez, senior research manager at IHRSA.
In spite of this scale, opportunities remain for the health club industry in China, as the market has one of the lowest penetration rates among developed countries, at 2.98 per cent.
“While the health club market in China is among the largest in the world, increased awareness of club offerings, along with product differentiation, may help improve member penetration rates in the country,” said John Holsinger, IHRSA’s director of Asia-Pacific.