Market Size of South Korea Health And Fitness Club Industry
| Study Period | 2024 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 4.32 Billion |
| Market Size (2029) | USD 6.95 Billion |
| CAGR (2024 - 2029) | 9.96 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
South Korea Health and Fitness Club Market Analysis
The South Korea Health And Fitness Club Market size is estimated at USD 4.30 billion in 2024, and is expected to reach USD 6.30 billion by 2029, growing at a CAGR of 9.87% during the forecast period (2024-2029).
South Koreans have become increasingly health-conscious in recent years, driven by factors such as an aging population, growing awareness of preventive healthcare, and the influence of global wellness trends. This heightened focus on personal health and well-being has fueled the demand for fitness and wellness services. Moreover, attractive membership fees offered by fitness clubs and increasing spending on marketing and advertisement are helping health and fitness clubs generate more revenue.
Additionally, the rising number of health and fitness clubs across the country, along with the increasing equipment and facility spaces in these fitness clubs, such as hot yoga studios, high altitude training rooms, metabolic testing equipment, medical exercise areas, and day spas, are gaining popularity among consumers, which is further supporting market growth. According to the Ministry of Culture, Sports, and Tourism, in 2021, the country was home to around 11.1 thousand registered fitness centers.
Moreover, owing to changing government norms, lifestyle, trends, mentality, and increasing health consciousness among the population, along with an increase in the female population, this scenario is gradually changing. The demand for female-specific services and fitness centers has already started picking up, and this trend is expected to continue in the future.
