Boxing Gyms and Clubs in Australia Industry Market Research Report Now Available from IBISWorld
Over the coming five years, the industry is expected to shift away from a competitive sport orientation towards a form of fitness and physical wellbeing training, which will propel industry revenue back into growth. For this reason, industry research firm IBISWorld has added a report on the Boxing Gyms and Clubs in Australia to its growing industry report collection.
Melbourne, Australia (PRWEB) April 29, 2013
The Boxing Gyms and Clubs industry has been stagnant over the five years through 2012-13. Boxing gyms and clubs have traditionally been tied to competitive sports, with many running competitive sparring tournaments. Over the past five years, revenue has struggled to remain afloat as boxing and other forms of martial arts have become less popular as competitive sports. According to IBISWorld industry analyst Ryan Lin, “this is largely due to the time commitment involved in organised participation and competitive boxing, which is creating a significant hurdle for participation by time-conscious consumers”. The fear of injury has exacerbated this trend, with consumers fearing time off work or study to recover. As a result, industry revenue is expected to decrease at an annualised 1.0% over the five years through 2012-13.
The industry has traditionally exhibited high levels of wages and rent as a proportion of revenue. This is because the industry is largely dependent on hired instructors and rental revenue. “This has greatly eaten into profit margins for gym and club operators”, says Lin. The industry is made up of many small, privately owned gyms. There are no large players controlling any significant portion of industry revenue. Therefore the industry is considered to have a very low level of concentration. Almost all of the enterprises in the industry have only one establishment, with most either being non-employing or employing only a handful of staff.
The Boxing Gyms and Clubs industry is currently in a period of change, which is expected to pave the way for a new round for industry operators. Over the coming five years, the industry is expected to shift away from a competitive sport orientation towards a form of fitness and physical wellbeing training, also known as boxercise. This trend is expected to propel industry revenue back into growth. IBISWorld expects that this is largely due to the growing awareness of health and physical wellbeing among Australian consumers, especially time-conscious generation Y and late generation X consumers who work or study full-time. The growing appeal of the self-discipline and cardiovascular training involved in boxing and martial arts has made them an increasingly popular form of fitness training.
For more information, visit IBISWorld´s Boxing Gyms and Clubs report in Australia industry page.
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IBISWorld Industry Report Key Topics
Establishments in this industry are facilities that operate specifically for the instruction of the sport of boxing and other modern martial arts. This industry does not include boxing event promoters or organisers.
Key External Drivers
Industry Life Cycle
Products & Markets
Products & Services
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Technology & Systems
Regulation & Policy
About IBISWorld Inc.
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 every Australian industry. 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 Melbourne, IBISWorld serves a range of business, professional service and government organisations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com.au or call (03) 9655 3886.
For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2013/4/prweb10665374.htm