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Australia Health & Athletic Club Building Industry Analysis
The Health & Athletic Clubs/Centers construction projects industry in Australia has been experiencing steady growth over the past decade. This can be attributed to a growing health and fitness conscious population and increasing awareness about the benefits of leading an active lifestyle. According to a report by IbisWorld, the industry generated revenue of USD 1.7 billion in 2021, with an annual growth rate of 2.2% from 2016 to 2021.
The COVID-19 pandemic had a significant impact on the industry, with many gyms and fitness centers forced to close temporarily during the lockdowns. However, the industry quickly adapted to the new normal by offering online classes and implementing strict health and safety measures upon reopening.
One of the emerging trends in the industry is the increasing popularity of boutique fitness studios. These are small specialized studios that offer a range of unique workouts such as yoga, barre, and HIIT training. The rise of boutique studios is partly due to the desire of many consumers for a more personalized and tailored fitness experience.
The Australian government has also been promoting healthy lifestyles by providing funding for community sports and recreation facilities. For example, the government's Community Sport Infrastructure Program provides funding for the construction, upgrade, and maintenance of sport and recreation facilities across the country.
Looking ahead, the Health & Athletic Clubs/Centers construction projects industry in Australia is expected to continue to grow. The industry is forecast to generate revenue of USD 1.9 billion by 2026, with an annual growth rate of 2.2% from 2021 to 2026. The growth is expected to be driven by the increasing popularity of boutique studios, as well as the government's continued support for community sports and recreation facilities.
In conclusion, the Health & Athletic Clubs/Centers construction projects industry in Australia has been experiencing steady growth in recent years, driven by a growing health and fitness conscious population and government initiatives promoting healthy lifestyles. The industry has adapted well to the challenges posed by the COVID-19 pandemic, and emerging trends such as boutique fitness studios are expected to drive further growth in the coming years.
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