Startup Ideas AI

Many people struggle to maintain their fitness routine due to the cost and inconvenience of gym memberships. A startup could create a platform that allows individuals to rent gym equipment for short periods of time, such as a few hours or days, directly from other users. The equipment could be controlled and managed through a smartphone app, making it easy and convenient to find and rent the equipment needed for a specific workout. This would enable people to exercise without the commitment of a gym membership and at a lower cost. Market size: According to Statista, the global fitness and gym industry generated approximately $96 billion in revenue in 2019, with a projected compound annual growth rate of 4.8% from 2020 to 2027.