Page 19 - Towards A Sustainable Future , Phase 3 2025, E-Book_Neat

Applying the same refurbishment strategy for spin bikes across 90 gyms, with each gym refurbishing 10 bikes, the total CO₂
savings would reach 64.43 metric tons. Additionally, with a per-bike refurbishment cost savings of $500, the total cost reduction
across all Anytime Fitness gyms would amount to $5,000 × 90 = $450,000.

Conclusion
By integrating energy-generating spin bikes and refurbishing However, as sustainability gains traction in the fitness industry,
old gym equipment, Anytime Fitness gyms in Singapore could bike manufacturers could integrate energy-generating
achieve $3,870 in annual energy cost savings and a total of capabilities as a standard feature in spin bikes, reducing
$450,000 in equipment cost savings. The environmental the need for aftermarket modifications. If this becomes an
impact is equally significant, with CO₂ reductions of 64.43 industry norm, gyms could effortlessly incorporate renewable
metric tons from refurbishment and 5.4 metric tons from energy generation into their operations, further reinforcing
energy generation. sustainable fitness practices.

These efforts align with Singapore's Green Plan 2030,
positioning Anytime Fitness as a leader in sustainable gym
operations, cost efficiency, and carbon footprint reduction
within the fitness industry. Scaling this initiative across all
Anytime Fitness gyms in Singapore presents significant
environmental and financial benefits, but several limitations
must be considered. User engagement and consistency in
using energy-generating bikes vary, meaning actual energy
savings may fluctuate. Additionally, retrofitting costs could be
a barrier for some franchise owners, as the initial investment
in modifying bikes may take time to recover through energy
savings. Space constraints in smaller gym locations may also
limit the number of energy-generating bikes that can be
implemented.

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