Gym and Fitness Franchises in the US Industry Market Research Report from IBISWorld Has Been Updated
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The role will need to apply relevant knowledge to the design of products and their testing/validation through user studies. What type of product could Apple be cooking up? A few candidates come to mind, but a smartwatch is certainly near the top of the list. The much-rumored iWatch would be a logical choice to p90X3 workout record and track your health and fitness, especially as you walk, jog, or exercise.
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As a result, during the five years to 2014, industry revenue is anticipated to grow at an annualized rate of 5.2% to $2.7 billion, including growth of 5.6% in 2014. As low-cost, low-amenity gyms gained popularity over the period, lower franchise investments were required, which caused profit to rise from 6.5% of industry revenue in 2009 to 7.1% in 2014. Additionally, contained start-up costs, such as low marketing costs due to franchisors’ already established brand awareness, spurred many franchisers to enter the industry, says Turk. Growing popularity of budget and boutique gym and fitness facilities further prompted franchisors’ demand for franchise establishments, as franchise establishments attracted local clientele. During the five years to 2019, industry revenue is forecast to grow.
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