Report Ocean has recently published the “Fitness and Recreational Sports Centers Market “ Research Report 2023-2031, offering a comprehensive analysis of the market. This report delves deep into the market dynamics, including key trends, upcoming technologies, drivers, challenges, and regulatory policies. It also features company profiles and strategies of prominent players in the industry. With over 100+ market data tables, pie charts, graphs, and figures, this global market study provides a thorough understanding of the market landscape. It presents a complete assessment, encompassing future trends, current growth factors, informed opinions, factual insights, and industry-validated market data, enabling accurate forecasts until 2031.
The global fitness and recreational sports centers market size was $83,680 million in 2016, and is expected to reach $113,116 million by 2023, registering a CAGR of 4.4% from 2017 to 2023. This is attributed to the growth in per capita disposable income. Fitness and recreational sports center consists of facilities, which offer fitness equipment, exercise classes, swimming pools, playgrounds, and fitness instruction services. Rise in marketing campaigns intended to fight obesity and increase in consumer trends toward improved health lead to the increase in popularity of fitness and recreational sports center. According to the International Health, Racquet, and Sportsclub Association (IHRSA), in 2014, the number of fitness club memberships in the U.S. increased to 54.1 million from 51.4 million in 2011, which fueled the growth of the market.
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Increase in awareness about the role of exercise in fighting obesity and other related problems has led to rise in popularity of recreational sports center such as aerobics, swimming, and gym. Moreover, improved lifestyle and rise in disposable income of individuals accelerate the growth of the market. Surge in popularity of yoga in the western world, which includes the U.S. and European countries, further supplements the market growth. In addition, increase in adoption of professions in sports and entertainment industry, which requires extreme fitness, is anticipated to provide potential opportunities for the market players. However, high cost of membership of fitness and recreational sports center hamper the market growth.
The global fitness and recreational sports centers market is segmented based on type, age group, and geography. Based on type, the market is divided into gymnasiums, yoga centers, aerobic dance, handball sports, racquet sports, skating, swimming, and others. By age group, it is classified into 35 & younger, 35-54, and 55 & older. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players in the global fitness and recreational sports centers industry have strategically focused on expansion as their key strategy to gain significant share in the market.
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The key players profiled in the report are:
24 Hour Fitness
Equinox
Gold’s Gym
Planet Fitness
Life Time Fitness
Town Sports International
Fitness First and Virgin Active
Konami Sports Club
McFit
CrossFit Inc.
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KEY BENEFITS FOR STAKEHOLDERS
This report provides an extensive analysis of the current trends and emerging estimations in the global fitness and recreational sports centers market.
In-depth analysis of the industry is conducted through market estimations of key segments for the period 2017 to 2023.
Competitive intelligence of leading manufacturers and distributors of fitness and recreational sports centers helps understand the competitive scenario across geographies.
Comprehensive analysis of factors that drive and restrain the growth of the market is provided in the report.
Extensive analysis of the industry is conducted by following key product positioning and monitoring the top competitors within the market framework.
The key players are profiled along with their strategies to determine the competitive outlook of the market.
KEY MARKET SEGMENTS
By Type
Gymnasiums
Yoga
Aerobic dance
Handball sports
Racquet sports
Skating
Swimming
Others
By Age Group
Aged 35 & Younger
Aged 35-54
Aged 55 & Older
By Region
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
Africa
Argentina
UAE
Rest of LAMEA
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Table of Contents:
- Introduction and Scope
- Definition and Forecast Parameters
- Methodology and Forecast Parameters
- Information Sources
- Latest Trends Summary
- Regional Trends
- Product Trends
- End-Use Trends
- Business Trends
- Industry Insights
- Industry Fragmentation
- Industry Landscape
- Vendor Matrix
- Technological and Innovative Landscape
- Market by Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
- Company Profiles
- Company Overview
- Financial Elements
- Product Landscape
- SWOT Analysis
- Systematic Outlook
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Key Questions Market Research and Analysis Report
- What is the current market size, both in terms of value and volume?
- What is the historical growth rate of the market, and what are the projected growth rates for the future?
- Who are the major players in the market, and what is their market share?
- What are the market trends and dynamics influencing the industry?
- What are the key drivers of market growth?
- What are the challenges and barriers faced by market participants?
- What are the emerging opportunities in the market?
- What is the competitive landscape of the market?
- What are the consumer preferences, behaviors, and buying patterns within the market?
- What is the market segmentation, and how are different market segments performing?
- What are the pricing trends and strategies in the market?
- What are the distribution channels and their effectiveness in reaching the target audience?
- What are the regulatory and legal factors impacting the market?
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