The global fitness and recreational sports centers market size reached US$ 113.0 Billion in 2022. Looking forward, the analyst expects the market to reach US$ 153.0 Billion by 2028, exhibiting a growth rate (CAGR) of 4.9% during 2023-2028.
Fitness and recreational sports centers offer opportunities for physical and recreational activities in a safe and inclusive environment. They comprise spas, saunas, steam baths, swimming pools, tennis courts, playground equipment, and exercise, entertainment, or athletic facilities. They reduce reliance on healthcare and other costly social services by providing local facilities to individuals for enhancing personal health and wellness. They provide a convenient way to decrease the risk of various diseases and improve physical and mental health. In addition, they assist in building strong social bonds and improving social interaction, volunteerism, and civic pride in communities by providing natural spaces, arenas, and playing fields.
2. What is the expected growth rate of the global fitness and recreational sports centers market during 2023-2028?
3. What are the key factors driving the global fitness and recreational sports centers market?
4. What has been the impact of COVID-19 on the global fitness and recreational sports centers market?
5. What is the breakup of the global fitness and recreational sports centers market based on the type?
6. What is the breakup of the global fitness and recreational sports centers market based on the age group?
7. What are the key regions in the global fitness and recreational sports centers market?
8. Who are the key players/companies in the global fitness and recreational sports centers market?
Fitness and recreational sports centers offer opportunities for physical and recreational activities in a safe and inclusive environment. They comprise spas, saunas, steam baths, swimming pools, tennis courts, playground equipment, and exercise, entertainment, or athletic facilities. They reduce reliance on healthcare and other costly social services by providing local facilities to individuals for enhancing personal health and wellness. They provide a convenient way to decrease the risk of various diseases and improve physical and mental health. In addition, they assist in building strong social bonds and improving social interaction, volunteerism, and civic pride in communities by providing natural spaces, arenas, and playing fields.
Fitness and Recreational Sports Centers Market Trends:
At present, there is a rise in the prevalence of obesity among the masses due to sedentary lifestyles and the consumption of high-calorie and -fat food products. This, along with the growing awareness about the benefits of fitness and recreational sports, represents one of the key factors driving the market. Besides this, governments of several countries are undertaking initiatives to promote personalized training programs for developing a healthy body and mind, which is contributing to the growth of the market. In addition, the increasing trend of recreational sports centers, such as aerobics, swimming, and gym, across the globe is offering lucrative growth opportunities to industry investors. Moreover, the rising incidence of osteoporosis due to diminished bone density and early bone loss is propelling the growth of the market. Apart from this, key market players are extensively investing in research and development (R&D) activities to introduce advanced devices that assist in losing weight and improving bone health and muscle mass. Additionally, regular exercise increases energy and stamina and reduces the risk of chronic diseases, which is bolstering the growth of the market.Key Market Segmentation
The report provides an analysis of the key trends in each sub-segment of the global fitness and recreational sports centers market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, age group and end user.Breakup by Type:
- Gymnasiums
- Yoga
- Aerobic Dance
- Handball Sports
- Racquet Sports
- Skating
- Swimming
- Others
Breakup by Age Group:
- 35 and Younger
- 35-54
- 55 and Older
Breakup by End User:
- Men
- Women
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape
The competitive landscape of the industry has also been examined along with the profiles of the key players being 24 Hour Fitness USA LLC., CrossFit LLC., Curves International, David Lloyd Leisure, Fitness First, Konami Group Corporation, Life Time Inc., SUNY Cortland Recreational Sports, The Gym Group plc and Virgin Active (Virgin Group Ltd.).Key Questions Answered in This Report
1. What was the size of the global fitness and recreational sports centers market in 2022?2. What is the expected growth rate of the global fitness and recreational sports centers market during 2023-2028?
3. What are the key factors driving the global fitness and recreational sports centers market?
4. What has been the impact of COVID-19 on the global fitness and recreational sports centers market?
5. What is the breakup of the global fitness and recreational sports centers market based on the type?
6. What is the breakup of the global fitness and recreational sports centers market based on the age group?
7. What are the key regions in the global fitness and recreational sports centers market?
8. Who are the key players/companies in the global fitness and recreational sports centers market?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Fitness and Recreational Sports Centers Market
6 Market Breakup by Type
7 Market Breakup by Age Group
8 Market Breakup by End User
9 Market Breakup by Region
10 SWOT Analysis
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- 24 Hour Fitness USA LLC.
- CrossFit LLC.
- Curves International
- David Lloyd Leisure
- Fitness First
- Konami Group Corporation
- Life Time Inc.
- SUNY Cortland Recreational Sports
- The Gym Group plc
- Virgin Active (Virgin Group Ltd.).
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 150 |
| Published | October 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 113 Billion |
| Forecasted Market Value ( USD | $ 153 Billion |
| Compound Annual Growth Rate | 5.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
