How Health & Fitness Franchise Owners Flexing their Muscle?

How Health & Fitness Franchise Owners are flexing their muscle?

The Health and Fitness Franchise Industry is expanding rapidly with a healthy growth rate of 40 per cent year on year and the reason possibly may be the growing health awareness among the public, particularly post-pandemic when health and  fitness of people hit an all-time low.

Effect of the Pandemic on the public’s health

Health & fitness in India is closely interlinked with its rich cultural values and heritage. ‘Make your body a temple’ is a popular aphorism in India, and rightly so, health and fitness finds a prominent place in the ancient Ayurvedic Indian texts with great emphasis on diet and a systematic lifestyle. The fact is people wanted to look and feel good, and stay fit and healthy even during the pandemic. Thanks to the lockdown restrictions that ensured people stay and work at home, and label their fitness a lost cause. But not all is lost, as lockdown restrictions have been relaxed, the health and fitness industry, especially the gyms and fitness centers, are making a healthy comeback. And that’s good news. Explore our fitness franchise business opportunities in Chennai and Tamilnadu with Franchise Landmark, and start your new business today. Talk to Iyyappan, Founder, Franchise Landmark and the leading Franchise Consultant in Chennai for fitness market and all industries for a one-on-one franchising consulting.

Size of the Health & Fitness market in Asia & India

Revenue from the health and fitness franchise industry within Asia was expected to be US$ US$8.8 million last year. The CAGR of the fitness industry is 3.9 percent—predicting an increase in revenue to US$10.2 million sector-wise by 2024. This is a huge market for franchises when you consider the fact that two-thirds of the world’s population is in Asia. The significance of Asia in the global financial scene is increasing more rapidly than any other continent (GDP-wise) generating an astounding US$ 65.5 trillion in revenue in 2019.India, the second largest populated country in the world, is estimated to have six million active fitness enthusiasts who spend about $400 annually on their fitness, thus making the Indian fitness industry not surprisingly a 2$2.6 billion market size. 

Factors driving the Fitness market in India

There are many factors attributed to the growing size of the market, the primary one of course is the general awareness on health and fitness, customized fitness training programmes, gym culture and increase in disposal income. The Indian cinema industry, especially the Bollywood industry, has been the driving force for millennials to adopt the gym culture. 

Franchise business in Chennai is very attractive. many of of the Fitness Franchise business in available.

Social media has also influenced them through gyms and fitness professionals to such a significant extent that masculinity is commoditized and marketed nowadays. All said and done the Indian fitness market managed to clock   US$ 908 million. Industry experts have predicted that the market will grow at a CAGR of 9.3% in the next 5 years, thereby pushing the total market value upward to a staggering US$ 1,296 million in India.

Health & Fitness Franchises’ Opportunities

If you’re looking to buy any health and fitness franchise, then the best investment is a gym franchise. I have always recommended Gym franchises for my clients aspiring to make big in this space. What are the types of businesses that you can typically find in the fitness and slimming franchise industry? The fitness industry covers a range of interests from Gym, Zumba to aerobics, Yoga to Workout Programs. Whatever your specific preference is, you can penetrate the market by taking up a franchise of a popular and trusted fitness brand (check popular fitness franchise brands in India below). All these services are generally aimed at keeping people’s diet in check, creating and maintaining work-out programmes, and making them feel energetic and self-confident all throughout. Some of the top-notch franchise brands are also partnering with wearables and fitness apps to provide value-added services to the clients, thereby taking industry to the next ‘tech’ level in fitness.

Biggest brands in Fitness franchise

Some of the biggest brands in India in the health and fitness franchise industry include Body Building India, Talwalkars Gym, Exercise First, Fitness First, Fitness One/Pink, Gold’s Gym, Sports Fit, Chisel Gym Franchise, Fitness Fusion- The Pilates Studio and Vivafit.