INNOVATION AT YOUR FINGERTIPS
Updated: 07/2018
ParkBox
China / Shanghai , China
Pitch
By providing shared fitness cabins available 24/7 for as little as RMB 10 an hour, ParkBox allows users to forgo expensive gym memberships.
Why
Problematic business model
Traditional gyms profit more if users don’t work out after joining.
Expensive gym memberships
Annual gym memberships usually cost thousands to tens of thousands of RMB in first-tier cities.
Market
RMB 123 billion
In 2017, the fitness market was worth around RMB 90 billion. It is expected to reach RMB 123 billion by 2020, with a CAGR of 12% until 2025.
The rest of the content is only available if you are logged in.
RELATED INSIGHTS
Bright Ideas
In this shipping container, you can work out and save money
RECOMMENDED
Indonesia
China
