Fitness sector primed for substantial growth: ukactive report
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Consumer thirst for fitness will see gym sector become ‘shining star’ of post-Brexit economy.
The value of the UK gym sector is set to increase by £1.1 billion in 2016, driven by a hive of investment activity amid growing consumer appetite for fitness, according to a new financial report from non-profit health body ukactive.
Released today (18 October), The Rise of the Activity Sector report spotlights the UK’s fast-changing fitness landscape and predicts it to grow by 17 per cent in 2016. Valuation specialist Mazars and sponsorship experts Nielsen Sports conducted analyses for the report, which estimates the gym sector will be worth £7.7 billion by the end of 2016 (up from £6.6 billion last year) as investors are enticed by the sector’s strong growth prospects.
Low-cost giant The Gym Group floated on the London Stock Exchange last year, while the UK’s largest fitness chain Pure Gym has recently sought to follow suit, with several other operators expected to go public in the mid-ter...
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