Personal Trainers in the UK Industry Market Research Report Now Updated by IBISWorld
London, United Kingdom (PRWEB) July 25, 2013 -- After a long period of growth, the Personal Trainers industry has run into trouble during the past five years. According to IBISWorld industry analyst Steven Connell, “while concern with health and appearance ensures the industry's services remain popular, deteriorating economic conditions have led many people to cut back on personal training, preferring to exercise on their own”. Consumers have also traded down from full-service gyms, which promote and provide facilities for personal trainers, to budget gyms that are not affiliated with industry operators. Personal trainers have faced rising competition from other sport and fitness activities, including branded group classes such as Zumba and spinning. During 2013-14, industry revenue is expected to rise by 2.4%. During the five years through 2013-14, industry revenue is estimated to grow at a compound annual rate of 1.4% to £547.6 million.
The Personal Trainers industry is highly fragmented and dominated by owner-operators. Many personal trainers are associated with a fitness centre, but the majority operate independently and pay centres a fee to use their facilities and have access to their members. As a result, personal trainers receive all revenue after expenses in the form of wages. During the five years through 2013-14, industry wages as a percentage of revenue are estimated to fall from 80.2% to 73.8%. Industry returns have come under pressure as falling demand and rising competition have forced personal trainers to cut their rates and councils have increased the fees they charge for the use of public parks.
Over the next five years through 2018-19, the industry should return to more moderate growth as the economy recovers and public concerns about health and appearances rise. However, personal trainers are expected to face a number of challenges, including limitations on public space, competition from other fitness activities and the rising popularity of budget gyms that do not promote personal training. They will also face pressure from a new generation of smartphone apps that replicate many of the industry's services. Connell adds, “in order to remain relevant, personal trainers will need to focus on the motivational aspects of training, developing more group-based activities and offering other services like dietary advice, refreshments and supplements, clothing and equipment”.
For more information on the Personal Trainers industry, including latest industry trends, statistics, analysis and market share information, purchase the full report from IBISWorld, the nation’s largest publisher of industry research.
IBISWorld industry Report Key Topics
Operators in this industry offer fitness training to individuals or small groups. They may also provide personalised fitness, health and dietary advice. Personal trainers are typically self-employed, but some are employed by gyms and fitness studios.
Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalisation & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios
About IBISWorld
Recognised as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on many UK industries. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in London, IBISWorld serves a range of business, professional service and government organisations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.co.uk or call (020) 7222 9898.
Gavin Smith, IBISWorld, 310 866 5042, [email protected]
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