By April 2020, one-third of the world’s fitness clubs and studios will be closed. In 2020, the fitness business in the United States alone lost $20.4 billion in sales. Despite the losses, the gym and health club industry is predicted to increase by over $100 billion in the next five years. From 2020 to 2024, the interactive fitness market is predicted to grow at a 7% CAGR, reaching $4.81 billion. Peloton Interactive, NIKE, Lululemon, and Apple are among the major participants in the digital fitness sector in 2021.
Insider Monkey identified the leading players in the fitness industry. Xponential Fitness, Inc. is a boutique fitness franchisor. Over 1,800 fitness studios have opened in 48 states and 11 countries, according to the firm. The company’s revenue increased by 67 percent to $36 million in the second quarter of 2021. The Hain Celestial Group, Inc. is a global organic and natural products retailer with more than 80 locations worldwide. The healthy food shop is known for weight management items under the Health Valley, Celestial Seasonings, Terra Chips, The Greek God, and Yves brands. WW International, Inc. is a company that provides digital weight control services. Through its app, the New York-based company provides tailored counseling and weight-loss services. V.F. Corporation is a footwear and apparel company that specializes in outdoor, active, and workwear. Since the release of the popular Korean sitcom Squid Game on Netflix, sales of the company’s most popular brand Vans have increased by 7,800 percent. DICK’S Sporting Goods, Inc. is ranked sixth among the top ten fitness stocks to buy. In the June quarter, the company saw a rise in hedge fund positions, with 36 funds owning a portion of the company. For more details, click 10 Best Fitness Stocks To Invest In.
