Since Russell Raynor Robinson founded Titan Manufacturing and Distributing, Inc. in Collierville, Tennesse, in 2006 as a hobby in his garage, it has grown by double digits every year. As the chief executive officer, Russell Raynor Robinson has developed various product lines for Titan distribution including fitness equipment.
Much of the demand for quality fitness equipment comes from health and fitness clubs that charge a membership fee to access their facilities. Worldwide, fitness clubs generate revenues in excess of $80 billion annually. In North America alone, the total exceeded $28 billion, and the United States comprised 90 percent of it. Not only is the United States the largest market worldwide in dollar terms, but it also has the most health club members.
As of 2015, there were 186,000 clubs around the world with over 150 million members. In the United States, 55 million people belonged to one of the 36,000 health clubs.
Despite its immense size, the global health club market continues to be relatively decentralized, as no chain has been able to establish itself internationally. While most franchises are limited to local and regional markets, there exist a handful with revenues of over a billion dollars per year such as Planet Fitness and Anytime Fitness.
