Singapore Gyms, Health and Fitness Clubs Market Summary, Competitive Analysis and Forecast to 2029

Gyms, Health & Fitness Clubs in Singapore industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

– Gyms, health and fitness clubs market includes establishments that offer facilities and services for physical exercise and fitness training, such as workout equipment, classes, personal training, and other amenities aimed at promoting health. Market revenues are calculated as the membership fees paid to clubs.

– The Singaporean gyms, health & fitness clubs market recorded revenues of $0.9 billion in 2024, representing a compound annual growth rate (CAGR) of 12.3% between 2019 and 2024.

– The Singaporean gyms, health & fitness clubs market grew by 5.6% in 2024, primarily driven by the increasing awareness of health and wellness. The growth is attributed to the rising prevalence of lifestyle-related health issues such as obesity and cardiovascular diseases, prompting individuals to invest in gym memberships, personal training, and wellness programs to maintain a healthier lifestyle.

– The presence of substantial millennial and Gen Z populations, which are strongly focused on health, wellness, and personal fitness, supports the market growth. According to the US Census Bureau, in 2024, the Singaporean millennial and Gen-Z population reached 1.5 million and 1.2 million, respectively.

Scope

– Save time carrying out entry-level research by identifying the size, growth, and leading players in the gyms, health & fitness clubs market in Singapore

– Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the gyms, health & fitness clubs market in Singapore

– Leading company profiles reveal details of key gyms, health & fitness clubs market players’ global operations and financial performance

– Add weight to presentations and pitches by understanding the future growth prospects of the Singapore gyms, health & fitness clubs market with five year forecasts

Reasons to buy

- What was the size of the Singapore gyms, health & fitness clubs market by value in 2024?

- What will be the size of the Singapore gyms, health & fitness clubs market in 2029?

- What factors are affecting the strength of competition in the Singapore gyms, health & fitness clubs market?

- How has the market performed over the last five years?

- How large is Singapore’s gyms, health & fitness clubs market in relation to its regional counterparts?

Companies mentioned

Virgin Active Ltd

Anytime Fitness LLC

Amore Fitness Pte Ltd

Evolution Wellness Holdings Pte Ltd

Table of Contents

Table of Contents

1 Executive Summary

1.1. Market value

1.2. Market value forecast

1.3. Geography segmentation

1.4. Market rivalry

1.5. Competitive landscape

2 Market Overview

2.1. Market definition

2.2. Market analysis

3 Market Data

3.1. Market value

4 Market Segmentation

4.1. Geography segmentation

5 Market Outlook

5.1. Market value forecast

6 Five Forces Analysis

6.1. Summary

6.2. Buyer power

6.3. Supplier power

6.4. New entrants

6.5. Threat of substitutes

6.6. Degree of rivalry

7 Competitive Landscape

7.1. Who are the leading players?

7.2. What strategies do the leading players follow?

7.3. What are the new technical improvements in this market?

8 Company Profiles

8.1. Virgin Active Ltd

8.2. Anytime Fitness LLC

8.3. Amore Fitness Pte Ltd

8.4. Evolution Wellness Holdings Pte Ltd

9 Macroeconomic Indicators

9.1. Country data

10 Appendix

10.1. Methodology

10.2. Industry associations

10.3. Related MarketLine research

10.4. About MarketLine

List of Tables

List of Tables

Table 1: Singapore gyms, health & fitness clubs market value: $ billion, 2019–24

Table 2: Singapore gyms, health & fitness clubs market geography segmentation: $ billion, 2024

Table 3: Singapore gyms, health & fitness clubs market value forecast: $ billion, 2024–29

Table 4: Virgin Active Ltd: Key Facts

Table 5: Virgin Active Ltd: Key Employees

Table 6: Anytime Fitness LLC: Key Facts

Table 7: Anytime Fitness LLC: Key Employees

Table 8: Amore Fitness Pte Ltd: Key Facts

Table 9: Evolution Wellness Holdings Pte Ltd: Key Facts

Table 10: Evolution Wellness Holdings Pte Ltd: Key Employees

Table 11: Singapore Size of Population (Million), 2020–24

Table 12: Singapore Real GDP (Constant 2010 Prices, $ Billion), 2020–24

Table 13: Singapore GDP (Current Prices, $ Billion), 2020–24

Table 14: Singapore Inflation, 2020–24

Table 15: Singapore Consumer Price Index (Absolute), 2020–24

Table 16: Singapore Exchange Rate, 2019–24

List of Figures

List of Figures

Figure 1: Singapore gyms, health & fitness clubs market value: $ billion, 2019–24

Figure 2: Singapore gyms, health & fitness clubs market geography segmentation: % share, by value, 2024

Figure 3: Singapore gyms, health & fitness clubs market value forecast: $ billion, 2024–29

Figure 4: Forces driving competition in the gyms, health & fitness clubs market in Singapore, 2024

Figure 5: Drivers of buyer power in the gyms, health & fitness clubs market in Singapore, 2024

Figure 6: Drivers of supplier power in the gyms, health & fitness clubs market in Singapore, 2024

Figure 7: Factors influencing the likelihood of new entrants in the gyms, health & fitness clubs market in Singapore, 2024

Figure 8: Factors influencing the threat of substitutes in the gyms, health & fitness clubs market in Singapore, 2024

Figure 9: Drivers of degree of rivalry in the gyms, health & fitness clubs market in Singapore, 2024

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