As we enter 2023, the fitness industry is witnessing a surge in demand with more people prioritizing health and well-being. For investors looking to capitalize on this trend, here are six top gym stocks to buy in 2023.

1. Planet Fitness (NYSE: PLNT)

Planet Fitness is a well-recognized fitness brand that offers low-cost memberships and a judgment-free workout environment. With more than 2,000 locations across the United States, this franchise model has made it one of the fastest-growing fitness chains in recent years. Despite the pandemic hitting many businesses hard, Planet Fitness has managed to maintain steady growth and is expected to continue its expansion in 2023.

2. Peloton Interactive (NASDAQ: PTON)

Peloton has been a leader in the home fitness market since its inception in 2014. The company’s high-quality exercise equipment combined with on-demand classes have attracted millions of loyal customers. Peloton’s robust subscription-based recurring revenue model coupled with strong sales growth make it an attractive stock to invest in.

3. Life Time Group (NYSE: LTH)

Life Time Group operates premium fitness clubs and wellness resorts throughout North America providing luxury health and wellness experiences. The company’s focus on providing comprehensive facilities, upscale amenities, and innovative digital offerings sets it apart from other gym chains. As demand for high-end fitness centers continues to rise, Life Time Group presents an appealing investment opportunity.

4. Gold’s Gym International (Private)

Gold’s Gym has been a player in the fitness industry since the 1960s and still maintains a strong presence today. Known for its rich heritage and influence on bodybuilding culture, Gold’s Gym offers potential investors exposure to a well-established brand with solid franchising opportunities worldwide. While private, investors can access Gold’s Gym’s performance and profit from its growth by investing into related holdings or waiting for a possible IPO.

5. Tonal Systems Inc. (Unknown Symbol)

As a disruptor in the home gym market, Tonal Systems Inc is a fast-growing company that offers innovative home fitness technology. Tonal’s digital weight system and on-demand workouts have gained significant traction among customers seeking convenient home workout solutions. Although Tonal is not yet publicly listed, it is poised to become an attractive stock when it eventually launches its IPO.

6. Crunch Fitness (Private)

Crunch Fitness operates over 300 fitness clubs in the US, offering affordable and accessible gym memberships along with premium equipment, group classes, and other wellness services. The chain’s diverse franchise opportunities and rapidly expanding footprint make it a strong contender in the fitness industry. Investors interested in Crunch can explore indirect investment opportunities or keep an eye on the company for any potential public offering.

Conclusion

Investing in gym stocks provides an opportunity to capitalize on the lucrative and growing fitness industry. With gym memberships and demand for premium workout experiences on the rise, 2023 is shaping up to be a promising year for these stocks. As with any investment, thorough research and due diligence are crucial before making a decision to buy into these companies.