The fitness lifestyle industry is positively booming. People are spending a small fortune on devices and gadgets, big and small. They’re paying for videos, memberships and subscriptions to help them to achieve a more efficient, more active way of living.
According to the International Health, Racquet & Sportsclub Association (IHRSA), the health and fitness lifestyle industry in the United States is currently worth an estimated $30 billion. It has undergone a healthy growth rate of 3 to 4 percent per year for at least the last decade without any indication of slowing. In fact, many believe it is speeding up. What does that mean? Americans are becoming more interested in trying to improve their fitness levels.
There are many factors driving this acceleration in spending on fitness lifestyle products and services, says a recent Forbes report. In fact, it’s really no mystery why there are health and fitness clubs popping up on every corner and why stores are stocking a growing number of products meant to help people to clothe and gear up to get fit.
The reasons an improved fitness lifestyle is becoming important enough for people to spend on it are widespread and varied. They include everything from financial purposes to the hope for improved longevity.
The report identified the following as some of the main reasons people are paying more and more for their fitness lifestyle.