The recreation clubs market was valued at $48,848.0 million in 2021, and is projected to reach $91,436.0 million by 2031, registering a CAGR of 6.5% from 2022 to 2031. Recreation includes spending discretionary time on activities related sports, entertainment or others to maintain physical and phycological balance. Recreational clubs include spending on membership clubs, parks, theaters, sports centers, country clubs, golf clubs, and other related services. Consumer spending on recreational activities moves closely in line with per capita disposable income and consumer spending. Total recreation expenditures are tied to leisure time. As the amount of leisure time rises, consumers are more willing to incur recreational expenditures. Over the two years to 2022, consumers’ spending on recreation is expected to slightly decrease, driven mainly by the decrease in 2020 from the COVID-19 (coronavirus) pandemic. During the peak of the pandemic, stay at home orders and social distancing restrictions caused the total value of recreational spending to plummet in 2020. In addition, the pandemic caused consumer spending to contract significantly as most people opted to stay home instead of going out and spending money on a recreational activity.
In particular, services that involve any sort of human interaction were affected the most. Given the nature of many recreation services, which involve interaction between individuals, recreation expenditure dropped 29.4% in 2020 alone, with the majority of the decline coming from Q2 of 2020. Recreation expenditure is expected to recover partly in 2021 and 2022 due to the high vaccination rate among the global adult population. However, the full recovery of expenditures on recreation clubs will likely occur in 2023.
Growing people awareness related to fitness and healthy lifestyle is projected to increase the number of consumers to participate in country club that can augment the growth of the recreational club market. Owing to rising customer participation in recreational activities develop the non-sports recreational activities market. The recreation activities include walking, swimming, mediation, dancing, reading and yoga are major factor that impact on the non-sport activities. Moreover, personal development and growth, physical health, enhance pleasure, reduce stress and reduce healthcare cost people are participating in non-recreational sports activities.
The recreational sports market is segmented into category, age group, travelers type, and region. basis of category, the market is categorized into recreational sports clubs and non-sports recreational clubs. Non-sports recreational clubs are further segmented into arts & exhibition clubs and yoga recreational clubs. By age group, it is fragmented into baby boomers, generation X, millennials, and generation Z. Based on travelers type, the market is segmented into solo and group. Region wise, it is analyzed across North America (the U. S., Canada, and Mexico), Europe (Russia, Spain, Italy, France, Netherland, Belgium, Germany, the UK, and rest of Europe), Asia-Pacific (China, Japan, Australia, South Korea, India, Thailand, Indonesia, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, Chile, UAE, Saudi Arabia, South Africa, Algeria, and rest of LAMEA).
The players operating in the global recreational club market have adopted various developmental strategies to expand their Recreational club market share, increase profitability, and remain competitive in the market. The key players profiled in this report include Bounds Green Bowls and Tennis Club, Braidwood Recreation Club, Bretton Woods Recreation Center, Calne Recreation Club, Carolina Country Club, Disneyland Paris, Jebel Ali Recreation Club, New York Yacht Club, Northwood Club, Stowmarket Meadlands Recreation Club, Tewkesbury Cruising & Sailing Club, The Lenches Sports and Recreation Club, Troydale Recreational Club Ltd, Tuckahoe Swim & Tennis Club, and Tumbleweed Recreation Center.
In particular, services that involve any sort of human interaction were affected the most. Given the nature of many recreation services, which involve interaction between individuals, recreation expenditure dropped 29.4% in 2020 alone, with the majority of the decline coming from Q2 of 2020. Recreation expenditure is expected to recover partly in 2021 and 2022 due to the high vaccination rate among the global adult population. However, the full recovery of expenditures on recreation clubs will likely occur in 2023.
Growing people awareness related to fitness and healthy lifestyle is projected to increase the number of consumers to participate in country club that can augment the growth of the recreational club market. Owing to rising customer participation in recreational activities develop the non-sports recreational activities market. The recreation activities include walking, swimming, mediation, dancing, reading and yoga are major factor that impact on the non-sport activities. Moreover, personal development and growth, physical health, enhance pleasure, reduce stress and reduce healthcare cost people are participating in non-recreational sports activities.
The recreational sports market is segmented into category, age group, travelers type, and region. basis of category, the market is categorized into recreational sports clubs and non-sports recreational clubs. Non-sports recreational clubs are further segmented into arts & exhibition clubs and yoga recreational clubs. By age group, it is fragmented into baby boomers, generation X, millennials, and generation Z. Based on travelers type, the market is segmented into solo and group. Region wise, it is analyzed across North America (the U. S., Canada, and Mexico), Europe (Russia, Spain, Italy, France, Netherland, Belgium, Germany, the UK, and rest of Europe), Asia-Pacific (China, Japan, Australia, South Korea, India, Thailand, Indonesia, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, Chile, UAE, Saudi Arabia, South Africa, Algeria, and rest of LAMEA).
The players operating in the global recreational club market have adopted various developmental strategies to expand their Recreational club market share, increase profitability, and remain competitive in the market. The key players profiled in this report include Bounds Green Bowls and Tennis Club, Braidwood Recreation Club, Bretton Woods Recreation Center, Calne Recreation Club, Carolina Country Club, Disneyland Paris, Jebel Ali Recreation Club, New York Yacht Club, Northwood Club, Stowmarket Meadlands Recreation Club, Tewkesbury Cruising & Sailing Club, The Lenches Sports and Recreation Club, Troydale Recreational Club Ltd, Tuckahoe Swim & Tennis Club, and Tumbleweed Recreation Center.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the recreation clubs market analysis from 2021 to 2031 to identify the prevailing recreation clubs market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the recreation clubs market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global recreation clubs market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Category
- Recreational sports clubs
- Non sports recreational clubs
- sub-type
- Arts and exhibition clubs
- Yoga recreational clubs
By Age Group
- Baby Boomers
- Generation X
- Millennials
- Generation Z
By Travelers Type
- Solo
- Group
By Region
- North America
- U. S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Belgium
- Russia
- Netherlands
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Thailand
- Indonesia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- Chile
- Algeria
- South Africa
- Rest of LAMEA
Key Market Players
- Bounds Green Bowls and Tennis Club
- Braidwood Recreation Club
- Bretton Woods Recreation Center
- Calne Recreation Club
- Carolina Country Club
- Disneyland Paris
- Jebel Ali Recreation Club
- New York Yacht Club
- Northwood Club
- Stowmarket Meadlands Recreation Club
- Tewkesbury Cruising & Sailing Club
- The Lenches Sports and Recreation Club
- Troydale Recreational Club Ltd
- Tuckahoe Swim & Tennis Club
- Tumbleweed Recreation Center
Table of Contents
CHAPTER 1: INTRODUCTION1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
3.7. Market Share Analysis
CHAPTER 4: RECREATION CLUBS MARKET, BY CATEGORY
4.1 Overview
4.1.1 Market size and forecast
4.2 Recreational sports clubs
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Non sports recreational clubs
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
CHAPTER 5: RECREATION CLUBS MARKET, BY AGE GROUP
5.1 Overview
5.1.1 Market size and forecast
5.2 Baby Boomers
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Generation X
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Millennials
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
5.5 Generation Z
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market analysis by country
CHAPTER 6: RECREATION CLUBS MARKET, BY TRAVELERS TYPE
6.1 Overview
6.1.1 Market size and forecast
6.2 Solo
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 Group
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
CHAPTER 7: RECREATION CLUBS MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Category
7.2.3 North America Market size and forecast, by Age Group
7.2.4 North America Market size and forecast, by Travelers Type
7.2.5 North America Market size and forecast, by country
7.2.5.1 U. S.
7.2.5.1.1 Market size and forecast, by Category
7.2.5.1.1.1 U. S. Non sports recreational clubs Recreation Clubs Market by sub-type
7.2.5.1.2 Market size and forecast, by Age Group
7.2.5.1.3 Market size and forecast, by Travelers Type
7.2.5.2 Canada
7.2.5.2.1 Market size and forecast, by Category
7.2.5.2.2 Market size and forecast, by Age Group
7.2.5.2.3 Market size and forecast, by Travelers Type
7.2.5.3 Mexico
7.2.5.3.1 Market size and forecast, by Category
7.2.5.3.2 Market size and forecast, by Age Group
7.2.5.3.3 Market size and forecast, by Travelers Type
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Category
7.3.2.1 Europe Non sports recreational clubs Recreation Clubs Market by sub-type
7.3.3 Europe Market size and forecast, by Age Group
7.3.4 Europe Market size and forecast, by Travelers Type
7.3.5 Europe Market size and forecast, by country
7.3.5.1 Germany
7.3.5.1.1 Market size and forecast, by Category
7.3.5.1.1.1 Germany Non sports recreational clubs Recreation Clubs Market by sub-type
7.3.5.1.2 Market size and forecast, by Age Group
7.3.5.1.3 Market size and forecast, by Travelers Type
7.3.5.2 UK
7.3.5.2.1 Market size and forecast, by Category
7.3.5.2.1.1 UK Non sports recreational clubs Recreation Clubs Market by sub-type
7.3.5.2.2 Market size and forecast, by Age Group
7.3.5.2.3 Market size and forecast, by Travelers Type
7.3.5.3 France
7.3.5.3.1 Market size and forecast, by Category
7.3.5.3.1.1 France Non sports recreational clubs Recreation Clubs Market by sub-type
7.3.5.3.2 Market size and forecast, by Age Group
7.3.5.3.3 Market size and forecast, by Travelers Type
7.3.5.4 Italy
7.3.5.4.1 Market size and forecast, by Category
7.3.5.4.1.1 Italy Non sports recreational clubs Recreation Clubs Market by sub-type
7.3.5.4.2 Market size and forecast, by Age Group
7.3.5.4.3 Market size and forecast, by Travelers Type
7.3.5.5 Belgium
7.3.5.5.1 Market size and forecast, by Category
7.3.5.5.1.1 Belgium Non sports recreational clubs Recreation Clubs Market by sub-type
7.3.5.5.2 Market size and forecast, by Age Group
7.3.5.5.3 Market size and forecast, by Travelers Type
7.3.5.6 Russia
7.3.5.6.1 Market size and forecast, by Category
7.3.5.6.1.1 Russia Non sports recreational clubs Recreation Clubs Market by sub-type
7.3.5.6.2 Market size and forecast, by Age Group
7.3.5.6.3 Market size and forecast, by Travelers Type
7.3.5.7 Netherlands
7.3.5.7.1 Market size and forecast, by Category
7.3.5.7.1.1 Netherlands Non sports recreational clubs Recreation Clubs Market by sub-type
7.3.5.7.2 Market size and forecast, by Age Group
7.3.5.7.3 Market size and forecast, by Travelers Type
7.3.5.8 Spain
7.3.5.8.1 Market size and forecast, by Category
7.3.5.8.1.1 Spain Non sports recreational clubs Recreation Clubs Market by sub-type
7.3.5.8.2 Market size and forecast, by Age Group
7.3.5.8.3 Market size and forecast, by Travelers Type
7.3.5.9 Rest of Europe
7.3.5.9.1 Market size and forecast, by Category
7.3.5.9.1.1 Rest of Europe Non sports recreational clubs Recreation Clubs Market by sub-type
7.3.5.9.2 Market size and forecast, by Age Group
7.3.5.9.3 Market size and forecast, by Travelers Type
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Category
7.4.2.1 Asia-Pacific Non sports recreational clubs Recreation Clubs Market by sub-type
7.4.3 Asia-Pacific Market size and forecast, by Age Group
7.4.4 Asia-Pacific Market size and forecast, by Travelers Type
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 China
7.4.5.1.1 Market size and forecast, by Category
7.4.5.1.1.1 China Non sports recreational clubs Recreation Clubs Market by sub-type
7.4.5.1.2 Market size and forecast, by Age Group
7.4.5.1.3 Market size and forecast, by Travelers Type
7.4.5.2 Japan
7.4.5.2.1 Market size and forecast, by Category
7.4.5.2.1.1 Japan Non sports recreational clubs Recreation Clubs Market by sub-type
7.4.5.2.2 Market size and forecast, by Age Group
7.4.5.2.3 Market size and forecast, by Travelers Type
7.4.5.3 India
7.4.5.3.1 Market size and forecast, by Category
7.4.5.3.1.1 India Non sports recreational clubs Recreation Clubs Market by sub-type
7.4.5.3.2 Market size and forecast, by Age Group
7.4.5.3.3 Market size and forecast, by Travelers Type
7.4.5.4 Australia
7.4.5.4.1 Market size and forecast, by Category
7.4.5.4.1.1 Australia Non sports recreational clubs Recreation Clubs Market by sub-type
7.4.5.4.2 Market size and forecast, by Age Group
7.4.5.4.3 Market size and forecast, by Travelers Type
7.4.5.5 South Korea
7.4.5.5.1 Market size and forecast, by Category
7.4.5.5.1.1 South Korea Non sports recreational clubs Recreation Clubs Market by sub-type
7.4.5.5.2 Market size and forecast, by Age Group
7.4.5.5.3 Market size and forecast, by Travelers Type
7.4.5.6 Thailand
7.4.5.6.1 Market size and forecast, by Category
7.4.5.6.1.1 Thailand Non sports recreational clubs Recreation Clubs Market by sub-type
7.4.5.6.2 Market size and forecast, by Age Group
7.4.5.6.3 Market size and forecast, by Travelers Type
7.4.5.7 Indonesia
7.4.5.7.1 Market size and forecast, by Category
7.4.5.7.1.1 Indonesia Non sports recreational clubs Recreation Clubs Market by sub-type
7.4.5.7.2 Market size and forecast, by Age Group
7.4.5.7.3 Market size and forecast, by Travelers Type
7.4.5.8 Rest of Asia-Pacific
7.4.5.8.1 Market size and forecast, by Category
7.4.5.8.1.1 Rest of Asia-Pacific Non sports recreational clubs Recreation Clubs Market by sub-type
7.4.5.8.2 Market size and forecast, by Age Group
7.4.5.8.3 Market size and forecast, by Travelers Type
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Category
7.5.2.1 LAMEA Non sports recreational clubs Recreation Clubs Market by sub-type
7.5.3 LAMEA Market size and forecast, by Age Group
7.5.4 LAMEA Market size and forecast, by Travelers Type
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Brazil
7.5.5.1.1 Market size and forecast, by Category
7.5.5.1.1.1 Brazil Non sports recreational clubs Recreation Clubs Market by sub-type
7.5.5.1.2 Market size and forecast, by Age Group
7.5.5.1.3 Market size and forecast, by Travelers Type
7.5.5.2 Argentina
7.5.5.2.1 Market size and forecast, by Category
7.5.5.2.1.1 Argentina Non sports recreational clubs Recreation Clubs Market by sub-type
7.5.5.2.2 Market size and forecast, by Age Group
7.5.5.2.3 Market size and forecast, by Travelers Type
7.5.5.3 UAE
7.5.5.3.1 Market size and forecast, by Category
7.5.5.3.1.1 UAE Non sports recreational clubs Recreation Clubs Market by sub-type
7.5.5.3.2 Market size and forecast, by Age Group
7.5.5.3.3 Market size and forecast, by Travelers Type
7.5.5.4 Saudi Arabia
7.5.5.4.1 Market size and forecast, by Category
7.5.5.4.1.1 Saudi Arabia Non sports recreational clubs Recreation Clubs Market by sub-type
7.5.5.4.2 Market size and forecast, by Age Group
7.5.5.4.3 Market size and forecast, by Travelers Type
7.5.5.5 Chile
7.5.5.5.1 Market size and forecast, by Category
7.5.5.5.1.1 Chile Non sports recreational clubs Recreation Clubs Market by sub-type
7.5.5.5.2 Market size and forecast, by Age Group
7.5.5.5.3 Market size and forecast, by Travelers Type
7.5.5.6 Algeria
7.5.5.6.1 Market size and forecast, by Category
7.5.5.6.1.1 Algeria Non sports recreational clubs Recreation Clubs Market by sub-type
7.5.5.6.2 Market size and forecast, by Age Group
7.5.5.6.3 Market size and forecast, by Travelers Type
7.5.5.7 South Africa
7.5.5.7.1 Market size and forecast, by Category
7.5.5.7.1.1 South Africa Non sports recreational clubs Recreation Clubs Market by sub-type
7.5.5.7.2 Market size and forecast, by Age Group
7.5.5.7.3 Market size and forecast, by Travelers Type
7.5.5.8 Rest of LAMEA
7.5.5.8.1 Market size and forecast, by Category
7.5.5.8.1.1 Rest of LAMEA Non sports recreational clubs Recreation Clubs Market by sub-type
7.5.5.8.2 Market size and forecast, by Age Group
7.5.5.8.3 Market size and forecast, by Travelers Type
CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments
CHAPTER 9: COMPANY PROFILES
9.1 Bounds Green Bowls and Tennis Club
9.1.1 Company overview
9.1.2 Company snapshot
9.1.3 Operating business segments
9.1.4 Product portfolio
9.1.5 Business performance
9.1.6 Key strategic moves and developments
9.2 Braidwood Recreation Club
9.2.1 Company overview
9.2.2 Company snapshot
9.2.3 Operating business segments
9.2.4 Product portfolio
9.2.5 Business performance
9.2.6 Key strategic moves and developments
9.3 Bretton Woods Recreation Center
9.3.1 Company overview
9.3.2 Company snapshot
9.3.3 Operating business segments
9.3.4 Product portfolio
9.3.5 Business performance
9.3.6 Key strategic moves and developments
9.4 Calne Recreation Club
9.4.1 Company overview
9.4.2 Company snapshot
9.4.3 Operating business segments
9.4.4 Product portfolio
9.4.5 Business performance
9.4.6 Key strategic moves and developments
9.5 Carolina Country Club
9.5.1 Company overview
9.5.2 Company snapshot
9.5.3 Operating business segments
9.5.4 Product portfolio
9.5.5 Business performance
9.5.6 Key strategic moves and developments
9.6 Disneyland Paris
9.6.1 Company overview
9.6.2 Company snapshot
9.6.3 Operating business segments
9.6.4 Product portfolio
9.6.5 Business performance
9.6.6 Key strategic moves and developments
9.7 Jebel Ali Recreation Club
9.7.1 Company overview
9.7.2 Company snapshot
9.7.3 Operating business segments
9.7.4 Product portfolio
9.7.5 Business performance
9.7.6 Key strategic moves and developments
9.8 New York Yacht Club
9.8.1 Company overview
9.8.2 Company snapshot
9.8.3 Operating business segments
9.8.4 Product portfolio
9.8.5 Business performance
9.8.6 Key strategic moves and developments
9.9 Northwood Club
9.9.1 Company overview
9.9.2 Company snapshot
9.9.3 Operating business segments
9.9.4 Product portfolio
9.9.5 Business performance
9.9.6 Key strategic moves and developments
9.10 Stowmarket Meadlands Recreation Club
9.10.1 Company overview
9.10.2 Company snapshot
9.10.3 Operating business segments
9.10.4 Product portfolio
9.10.5 Business performance
9.10.6 Key strategic moves and developments
9.11 Tewkesbury Cruising & Sailing Club
9.11.1 Company overview
9.11.2 Company snapshot
9.11.3 Operating business segments
9.11.4 Product portfolio
9.11.5 Business performance
9.11.6 Key strategic moves and developments
9.12 The Lenches Sports and Recreation Club
9.12.1 Company overview
9.12.2 Company snapshot
9.12.3 Operating business segments
9.12.4 Product portfolio
9.12.5 Business performance
9.12.6 Key strategic moves and developments
9.13 Troydale Recreational Club Ltd
9.13.1 Company overview
9.13.2 Company snapshot
9.13.3 Operating business segments
9.13.4 Product portfolio
9.13.5 Business performance
9.13.6 Key strategic moves and developments
9.14 Tuckahoe Swim & Tennis Club
9.14.1 Company overview
9.14.2 Company snapshot
9.14.3 Operating business segments
9.14.4 Product portfolio
9.14.5 Business performance
9.14.6 Key strategic moves and developments
9.15 Tumbleweed Recreation Center
9.15.1 Company overview
9.15.2 Company snapshot
9.15.3 Operating business segments
9.15.4 Product portfolio
9.15.5 Business performance
9.15.6 Key strategic moves and developments
Executive Summary
According to this report, titled, 'Recreation Clubs Market,' the recreation clubs market size was valued at $48.9 billion in 2021, and is estimated to reach $91.4 billion by 2031, growing at a CAGR of 6.5% from 2022 to 2031.The recreation club provides a break from everyday activities. It includes amusement parks, theme parks, casinos, and gambling, among others. Recreation club includes experiences that require physical activity and interactions and playing with other people. It makes leisure time more enjoyable.
The key Recreation Clubs Market Trends that fuel the recreation clubs market include an increase in consumers’ disposable income, the growth of the country club industry, and the trend of golf tourism, owing to the setup of golf courses across the world. However, factors such as busy work schedules leading to a lack of any leisure activity and high membership costs resulting in lower registrations impede the growth of the market.
Moreover, a rise in the trend of group fitness activities is projected to drive the growth of the recreation sports club market in the upcoming year. In addition, an increase in the young population willing to take up outdoor sports as a medium for their fitness is expected to be the major driver for recreation clubs. Furthermore, the rising popularity of leisure and sports activities has driven the development of recreation clubs. The government initiatives towards health and fitness club are the major factor that will increase the demand for recreational sports clubs. Moreover, the rising popularity of golf, sports club, and yoga will encourage the market leader to invest in recreational sports clubs.
Moreover, the Rise in health costs is also a major factor driving the market. Increasing obesity and overweight encourage people to invest on sports clubs and yoga which significantly impact on recreation club.
The recreation sports market is segmented into category, age group, travelers type, and region. basis of category, the market is categorized into recreation sports clubs and non-sports recreation clubs. Non-sports recreation clubs are further segmented into arts & exhibition clubs and yoga recreation clubs. By age group, it is fragmented into baby boomers, generation X, millennials, and generation Z. Based on travelers type, the market is segmented into solo and group. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Russia, Spain, Italy, France, Netherland, Belgium, Germany, the UK, and rest of Europe), Asia-Pacific (China, Japan, Australia, South Korea, India, Thailand, Indonesia, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, Chile, UAE, Saudi Arabia, South Africa, Algeria, and rest of LAMEA).
By category, the recreation sports club segment is expected to dominate the recreation clubs market during the forecast period. Owing to rise in trend of group fitness activities is projected to drive the growth of recreation sports club segments during the forecast period. In addition, increase in young population willing to take up outdoor sports as a medium for their fitness is expected to be the major driver for recreation sports club.
Based on age group, millennial segment held the major Recreation Clubs Market Share with a CAGR of 6.1%. Owing to rising awareness about health benefits and to fight with obesity. Moreover, rising government’s initiatives for the provision of fitness equipment and personalized training program and rising disposable income of the consumer which boost the market growth.
Based on travelers type, the group segment is dominating the market share. Owing to factors such as the changes in men’s fitness habits and increasing health consciousness in the elderly population stimulating the demand for recreation club.
Based on region, North America held the major share in the market. Owing to increase campaign about health benefits and obesity was major cause to boost the recreation sports club market in this region, Moreover, the increasing disposal income and changing lifestyle will rise the growth of this market in this region.
The COVID-19 pandemic had a negative impact on the recreation clubs market growth. The closure pf country clubs, golf clubs, and waterparks along with the travel restrictions have severely damaged the recreation clubs market globally. The lockdown has harmed the workforce and resource availability, affecting the recreation clubs industry. Social distancing to reduce the curb of the virus affected the market during the COVID pandemic.
Key market players in the recreation clubs market are employing a number of marketing strategies to promote services among customers. New product launches, celebrity endorsements, partnerships, and social media marketing are a few of the strategies implemented by the top companies in the market. As a result, the market is expected to benefit from new and innovative marketing methods and rise in demand for recreation clubs. Furthermore, online discounts on recreation clubs are projected to boost its Recreation Clubs Market Demandduring the forecast period. The rise in popularity of golf among the affluent and upper-class population is expected to boost the product demand in the coming years. An increase in the number of golf courses as a result of surge in golf tourism is projected to stimulate the demand for the recreation clubs during the forecast period. Golf also provides numerous opportunities to socialize and spend quality time.
The major players operating in the recreation clubs industry include Bounds Green Bowls and Tennis Club, Braidwood Recreation Club, Bretton Woods Recreation Center, Calne Recreation Club, Carolina Country Club, Disneyland Paris, Jebel Ali Recreation Club, New York Yacht Club, Northwood Club, Stowmarket Meadlands Recreation Club, Tewkesbury Cruising & Sailing Club, The Lenches Sports and Recreation Club, Troydale Recreation Club Ltd, Tuckahoe Swim & Tennis Club, and Tumbleweed Recreation Center.
Key findings of the study
In 2021, the recreation clubs market was valued at $48,848.0 million in 2021, and is projected to reach $91,436.0 million by 2031, registering a CAGR of 6.5%.In 2021, depending on category, the recreation sports clubs segment held the major share in the market in 2021.
In 2021, depending on age group, the millennials segment was valued at $194,99.0 million, accounting for 39.9% of the global recreational club market share.
In 2021, the U.S. was the highest revenue contributor, accounting for $11,349.0 million in 2021, and is estimated to reach $19,483.0 million by 2031, with a CAGR of 5.6%.
Companies Mentioned
- Bounds Green Bowls and Tennis Club
- Braidwood Recreation Club
- Bretton Woods Recreation Center
- Calne Recreation Club
- Carolina Country Club
- Disneyland Paris
- Jebel Ali Recreation Club
- New York Yacht Club
- Northwood Club
- Stowmarket Meadlands Recreation Club
- Tewkesbury Cruising & Sailing Club
- the Lenches Sports and Recreation Club
- Troydale Recreational Club Ltd.
- Tuckahoe Swim & Tennis Club
- Tumbleweed Recreation Center
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 287 |
| Published | October 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 48848 million |
| Forecasted Market Value ( USD | $ 91436 million |
| Compound Annual Growth Rate | 6.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 15 |
