Apple News Facebook Twitter 新浪微博 Instagram YouTube Friday, May 10, 2024
Search
Archive
English>>

Profitable fitness at fingertips (2)

(China Daily)    10:01, April 29, 2019

Fitness seekers receive guidance from a coach at an app-and website-backed gym in Shenzhen, Guangdong province. The gym allows users to book time-slots available for workouts online. [Photo/Xinhua]

"Continued investments in the sector helped with the upgrade of the fitness industry. New technologies are being introduced into the industry, and gyms are undergoing a digital evolution."

According to data from the China International Literature of Sports Health Industry Association, currently, the average gym membership penetration rate in China's first-tier cities is merely 1 percent, much lower than that in other Asia-Pacific countries.

Gyms in cities in South Korea and Japan have penetration rates of 7.3 percent and 3.3 percent respectively. So, China's fitness sector is expected to see rapid growth in the future.

More so because gyms that offer online conveniences like selection, booking, digital payment and high interactivity are gaining traction.

What's more, they require low operational costs, as they take up smaller physical space, and use low-cost equipment. From the user's perspective, app-backed gyms are complementary to traditional gyms, and open up the medium-to low-end fitness market.

"App-or website-backed gyms have relatively low thresholds for newcomers. Their social networking feature can attract more new users. They fill the gap left by traditional gyms," said Wan.

It is not just digital-age gyms that are riding the fitness uptrend. Experts said scope is immense in China for boosting sales of products like fitness equipment, yoga mats, personal accessories, sports apparel, health supplements and wearable tech.

This potential will likely be harnessed by China's current emphasis on, and policy support for, high-quality manufacturing and consumption upgrade, experts said.

Not just products, even services like health-related apps, and fitness training, are likely to see a boom.

Last year alone, various fitness apps saw their collective user base swell 47 percent to more than 75 million. Even the number of monthly active users has been rising steadily, according to Analysys.

The potential for sustained high growth in the sector is making investors sit up and take notice, insiders said. In 2018, China's fitness sector attracted 45 investment deals, ranking first in the whole sports industry.


【1】【2】【3】

(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Web editor: Liang Jun, Bianji)

We Recommend

Most Read

Key Words