How the Fitness Industry Has Changed Over the Past 50 Years
A lot has changed in our society and world in the last 50 years. Now is the perfect time for our team to look back at these last several decades as Paramount Acceptance is celebrating 50 years in business! We think that’s something (major) worth celebrating.
As we reminisce on somber events like 9-11 and the COVID-19 pandemic, as well as positive changes like new technologies, we recognize that our world is getting closer through communication and more opportunities for more people.
It’s no different in the fitness industry, which has made significant strides over the past 50 years. Let’s take a look at what this industry – and Paramount Acceptance – has accomplished.
The Start of the Modern Industry
Fitness options were limited in the past, and now they are abundant. Most of the boost that has occurred happened in the past 50 years. The change started to take off in the 1970s and 1980s with a commercial fitness boost that grew from there. In addition, the 1980s were when professional certifications began for fitness professionals.
Some fitness trends of the 1970s weren’t so different from today. Namely, popular gym choices were yoga and stationary bikes, which are still popular and continuously trending today. At-home workouts were also popular back then, just as they are today.
Another important catalyst in the 1970s was companies encouraging their employees and management to exercise. This contributed to companies either partnering with local gyms or creating in-house ones. At the time, this trend was centered mostly on executives, and over time has grown to include all employees as a part of many company wellness programs.
Major Growth
Most modern gym chains didn’t open until the 1980s or later. Fifty years ago, in the 1970s, there were limited options, including European Health Spas, Bally’s, Gold’s Gym and the YMCA, and bodybuilding became popular with the help of Arnold Schwarzenegger.
As of the 1970s, gym clubs moved beyond just including certain men to a broader audience. The number of private fitness clubs grew from about three thousand in 1978 to about 20,000 in 2002, with memberships increasing from 1.7 million in 1972 to 42.7 million in 2006. Paid employees in clubs went from 129,925 in 1992 to 329,841 in 2002.
The U.S. gym, health and fitness club industry obtained a market size of about $30.74 billion by 2021, with expectations to keep growing from there.
Strong Roots and Still Growing
The fitness industry is often in the headline – and for good reason. Fitness is a foundational part of the lives of billions of individuals, whether walkers, dancers, cyclists, runners, weight lifters, or yogis. Some of the biggest celebrities we know today made their name in the fitness industry.
Bob Rice and Ken Melby, two of the founding fathers of the fitness industry, started Paramount Acceptance. They were searching for a better way to provide billing services to their members. They wanted an easier way to work with the paper they were writing in the clubs. As a result, Paramount Acceptance was born. Prominent brands like 24e, Vasa Fitness, Onyx Health Club, and many others use Paramount’s services and offer top-of-the-line equipment for fitness enthusiasts and those just getting their first adrenaline rush.
“Paramount has provided everything I need to run my business. From robust software to constant support. They are the one stop shop. I don’t know what I would do without them,” said Tracy Childress, Owner of Parks Health & Fitness.
Increasing Technology
Technology has long been part of the fitness industry, with things like computers for managing gym operations and fitness machines that share workout and physiological data. Technology in the industry has only continued to advance, just as it has in every part of society.
Over time, we have seen the advent of fitness wearables, apps, live-streamed workouts, and more advanced exercise machines. It’s now easy to track data from all your workouts and integrate data between gym and outside-gym sessions.
Serving the Fitness Industry Since the Beginning
Paramount Acceptance is celebrating 50 years in business! It was part of the early days of the modern fitness industry, established by a couple of the industry’s founding fathers, Bob Rice and Ken Melby. It began as a way for these two fitness professionals to simplify billing processes for their clubs and members and continues to provide services to streamline gyms and health clubs today.
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