The social and economic value of the global health and fitness is booming, according to a new report. In the UK, the market adds more than £3 billion to the economy, supporting over 50,000 jobs.
Around the world, the global health and fitness industry is expanding rapidly – as consumers look to continue their lockdown workout habits beyond the lockdown era. Health and wellness from home were high on the agenda during the height of the pandemic, with 30% of consumers intending to regularly work out at home even after lockdown measures eased.
This has seen individual demand for fitness apparatus grow across the board – and now a new study commissioned by The Global Health & Fitness Alliance (GHFA), in collaboration with IHRSA, has shown that the market boosts global GDP by £78.41 billion ($91.22 billion) per annum. The study, carried out by Big Four firm Deloitte, suggests that the industry is a major contributor to GDP and employment globally; while it has a number of indirect economic benefits too, as it raises activity levels in local communities, and reduces healthcare…
