Estonian Innovator Vok Bikes Raises €3.8M to Expand Eco-Friendly Cargo Bike Fleet Across Europe
Vok Bikes, an innovative Estonian company, recently secured €3.8 million to advance its electric c
moreGeis and Sport Vision Forge Strategic Transport Partnership to Boost Retail Distribution in Slovakia and Czech Republic
Geis Secures Role as Transport Partner for Sport Vision in Slovakia and Czech Republic, Enhancing Di
moreIMALENT's Dynamic Central European Distribution Network
IMALENT: Redefining Flashlight Innovation for Every AdventureIMALENT is dedicated to revolutionizing
moreELIO KAYAKS: Pioneering Affordable High-Performance Kayaking Since 1979
Established in 1979 by visionary founder Elio Nogueira, ELIO KAYAKS stands at the forefront of high-
moreAmer Sports Boosts European Manufacturing with New Ski and Binding Factories in Central Europe
Amer Sports Accelerates European Manufacturing Expansion to Support Brand Growth and Meet Consumer D
more
"Business
Partner search for the Sports industry in Central Europe"
You are here » Home Page
» CE Sports Business News
» Fitness market taken over by ‘budget sector’
Fitness market taken over by ‘budget sector’
2016-04-13 source ownA recent report released in Germany at the European Health & Fitness Forum (EHFF) has revealed that the so called ‘budget sector’ of the industry is still dominating the market. The European Health & Fitness Study 2016 revealed that the fitness market as a whole grew by nearly 5% in 2015 when compared to the previous year.
2014 showed a good year for the budget sector and nothing changed this a year later; in fact, most of the fastest growing fitness operators were those targeting the lower-cost audience. It remains to be seen whether this trend will continue into 2016 in an industry now worth nearly €27 billion in revenue. In addition to this, membership for sports facilities grew by 4% in Europe as a whole; slightly less for the top 10 countries at 3.4%. The United Kingdom, Russia, France and Germany are still leading the way where this is concerned.
It is believed that over 52 million Europeans now use health clubs which is roughly still on track to reach the 80 million by 2025 target put in place by EuropeActive.