Gyms & Fitness Studios · Providence, RI

Gyms & Fitness Studios Market in
Providence, RI

$146M TAM · Market Score 72/100 · Ranked #37 of 925 MSAs by TAM

Bottom-up market data for the Providence, RI MSA. Sourced from PinpointIQ's MSA-level intelligence platform.

Total TAM
$146M
rank #37 of 925
Market Score
72/100
rank #100 of 925 · 89th percentile
Operators
253
4,451 employees
Pop. growth (5-yr)
4.4%
rank #301 of 872

Market Score breakdown

How Providence scored 72/100 for Gyms & Fitness Studios

PinpointIQ's Market Score is a percentile-weighted composite. The components + weights are set per vertical. Providence ranks in the 89th percentile nationally for Gyms & Fitness Studios.

ComponentWeightValuePercentile
% HH Income >$150K35%24.9791
Fragmentation Score35%15.133
Total Population30%1,684,07196

TAM by segment

$146M in Providence broken down by segment

Fitness_gyms Membership
$146M
100% of total TAM

Demographic snapshot

Who lives and buys in Providence

Population
1,684,071
4.4% 5-yr growth
Median HH income
$87,040
25.0% HHs $150K+
Housing units
730,957
18.4% age 65+
GDP per capita
$69,131

Frequently asked questions

Gyms & Fitness Studios market in Providence: common questions

How big is the gyms & fitness studios market in Providence, RI?

The gyms & fitness studios market in Providence, RI has a total addressable market of $146M, calculated bottom-up from U.S. Census, BLS, and IRS County Business Patterns data at the census-tract level. This makes Providence the #37 largest gyms & fitness studios market of 925 U.S. MSAs.

How many gyms & fitness studios companies are in Providence?

PinpointIQ tracks 253 gyms & fitness studios establishments in the Providence MSA, employing approximately 4,451 people. Establishment counts are sourced from IRS County Business Patterns and refreshed monthly.

How does Providence rank nationally for gyms & fitness studios?

Providence scores 72/100 on PinpointIQ's Gyms & Fitness Studios Market Score, ranking #100 of 925 U.S. metros — the 89th percentile nationally. The Market Score is a percentile-weighted composite of the vertical-specific drivers that make a metro attractive for gyms & fitness studios operators and investors.

What drives gyms & fitness studios demand in Providence?

PinpointIQ scores Providence's gyms & fitness studios market on 3 components: % HH Income >$150K (35% weight, 91th percentile); Fragmentation Score (35% weight, 33th percentile); Total Population (30% weight, 96th percentile). The weights are calibrated to the gyms & fitness studios vertical and applied consistently across every U.S. MSA.

What are the biggest gyms & fitness studios sub-segments in Providence?

Providence's $146M gyms & fitness studios TAM breaks down into: Fitness_gyms Membership ($146M, 100% of TAM). Segment sizes reflect PinpointIQ's bottom-up model at the census-tract level.

Is Providence growing? How does population affect the gyms & fitness studios market?

Providence has a population of 1,684,071 and has grown 4.4% over the last 5 years. Population change is one of the drivers of gyms & fitness studios demand and factors into PinpointIQ's Market Score alongside vertical-specific attractiveness metrics.

TAM figures reflect PinpointIQ's bottom-up market size model built from U.S. Census, BLS, IRS County Business Patterns, and other public + commercial sources at the census-tract level. Market Score is PinpointIQ's percentile-weighted composite; the components and weights are set per vertical and shown above. Data refreshed monthly.

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