Corporate wellness has emerged as a significant trend in the modern workplace, especially in regions like Australia and New Zealand.
With the corporate wellness market in these regions expected to reach a staggering USD 2.2 billion by 2030, expanding at a CAGR of 5.36%, the potential for CrossFit gyms to tap into this lucrative market is immense.
The corporate wellness landscape in Australia & New Zealand
The increasing awareness of employee wellness services, coupled with the rising prevalence of work-related stress and chronic diseases, has driven the corporate wellness market’s growth. The COVID-19 pandemic has further amplified these concerns, with the shift to remote working leading to longer working hours and increased stress levels. In fact, according to the University of Melbourne, 30% of men and 11% of women worked more than 48 hours a week. Furthermore, a report by Beyond Blue highlighted that one in five Australians has suffered from stress, with nearly 21% taking time off due to stress, anxiety, and other mental health concerns.
The opportunity for CrossFit and functional fitness gyms
CrossFit gyms, known for their intense and varied workouts, are uniquely positioned to offer corporate wellness solutions. Here’s why:
- Utilising off-peak hours: One of the common challenges for CrossFit and functional fitness gyms is the underutilisation of their facilities outside of scheduled classes. Offering corporate wellness programs during these off-peak hours can be a win-win, providing additional revenue streams for the gym and a convenient fitness solution for corporate clients.
- Expertise in fitness: CrossFit gyms, with their focus on functional fitness, can offer a holistic approach to wellness, encompassing strength training, cardiovascular fitness, and flexibility.
- Customisation: CrossFit’s varied workouts can be tailored to suit the needs of different corporate clients, from beginners to fitness enthusiasts.
- Community building: The sense of community inherent in CrossFit and functional fitness can be a valuable tool for team building and fostering camaraderie among employees.
Tapping into the corporate wellness market
For CrossFit gyms looking to venture into the corporate wellness space, here are some steps to consider:
- Research and understand the market: Refer to comprehensive reports, such as those from ReportLinker, to gain insights into the corporate wellness trends and demands specific to your region.
- Offer tailored programs: Understand the unique needs of each corporate client and offer tailored fitness programs. This could range from stress-relief yoga sessions to high-intensity CrossFit workouts.
- Leverage fitbox products: Integrate Fitbox products into your offerings, providing a comprehensive wellness solution that goes beyond just fitness.
- Promote mental well-being: Given the rising concerns around mental health, consider incorporating mindfulness and relaxation techniques into your programs. Have you thought of offering a breath, yoga or meditation class to your members?
- Engage and educate: Host workshops and seminars on the importance of fitness and wellness, positioning your CrossFit or functional fitness gym as a thought leader in the space.
The rise in corporate wellness spend presents a golden opportunity for CrossFit and functional gyms to diversify their offerings and tap into a growing market. By understanding the unique needs of the corporate sector and offering tailored solutions, CrossFit and functional gyms can position themselves as the go-to wellness solution for businesses.
Need more support to diversify your business offerings? Visit our blog which provides a weekly dose of inspiration.