NEW
YORK, June 28, 2024 /PRNewswire/ -- The
global fitness and recreational sports centers
market size is estimated to grow by USD 93.8 billion from 2024-2028, according to
Technavio. The market is estimated to grow at a CAGR of
9.78% during the forecast period. Surge in
healthcare costs is driving market growth, with a trend
towards rise in integrated workout formats for group fitness
classes. However, highly fragmented market poses a
challenge. Key market players include 24 Hour Fitness USA LLC, CrossFit LLC, Crunch LLC, Curves NA
Inc., David Lloyd Leisure Ltd., Diverse Retails Pvt. Ltd., Equinox
Holdings Inc., Fitness First India Pvt. Ltd., Konami Group Corp.,
Life Time Inc., Lift Brands Inc., Planet Fitness Inc., Roark
Capital Management LLC, RSG Group GmbH, Self Esteem Brands LLC, The
Little Gym International Inc., Ultimate Fitness Group LLC, Virgin
Active Ltd., and Youfit.
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report
Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
End-user (Men and
Women), Age Group (35 and younger, 35-54, and 55 and older), and
Geography (North America, APAC, Europe, Middle East and Africa, and
South America)
|
Region
Covered
|
North America, APAC,
Europe, Middle East and Africa, and South America
|
Key companies
profiled
|
24 Hour Fitness USA
LLC, CrossFit LLC, Crunch LLC, Curves NA Inc., David Lloyd Leisure
Ltd., Diverse Retails Pvt. Ltd., Equinox Holdings Inc., Fitness
First India Pvt. Ltd., Konami Group Corp., Life Time Inc., Lift
Brands Inc., Planet Fitness Inc., Roark Capital Management LLC, RSG
Group GmbH, Self Esteem Brands LLC, The Little Gym International
Inc., Ultimate Fitness Group LLC, Virgin Active Ltd., and
Youfit
|
Key Market Trends Fueling Growth
The fitness and recreational sports centers market is
experiencing significant growth due to the increasing demand for
instructor-led workouts. Trainers and experts provide group classes
that combine various workout formats, such as cycling, running, and
strength training. These centers offer diet counseling and in-depth
knowledge on exercises. Notable brands like GOLDS GYM provide
effective group yoga and Zumba classes. Innovative instructor
methods engage members, leading to weight loss, increased body
stamina, and strength gains. NGOs and social workers promote
fitness education, further fueling market expansion.
The Fitness and Recreational Sports Centers market is
experiencing significant growth, with a focus on modern facilities
and technologies. Mid-sized and large centers are popular, offering
a variety of services such as fitness classes, personal training,
and recreational sports. Exercise equipment and facilities are
essential, including treadmills, weights, and swimming pools.
Classes like yoga, Pilates, and group fitness sessions are
trending. Older adults and children are key demographics, with
specialized programs catering to their needs. Technology plays a
role, with apps and wearable devices used for tracking progress and
scheduling workouts. The industry is competitive, with players
focusing on customer service and convenience to attract and retain
members. The market is expected to continue growing, driven by
increasing health consciousness and the desire for community
engagement.
Research report provides comprehensive data on impact of trend.
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Market Challenges
- The global fitness and recreational sports centers market is
fragmented, with no dominant player. Unorganized market structure
and local brands hinder the expansion of global players.
Competition is intense, with small companies focusing on specific
services for large corporations. Players compete on price, brand
recognition, and services. New entrants face challenges in
attracting customers and creating innovative marketing strategies.
The market's competitiveness drives the intensification of
competition for footfalls and memberships.
- Fitness and recreational sports centers face several challenges
in today's market. These include increasing competition, high
operational costs, and the need to cater to diverse customer
preferences. Serving a large and varied clientele requires
facilities to offer a wide range of activities such as swimming,
soccer, tennis, and aerobics. Additionally, staying up-to-date with
the latest fitness trends and technologies is crucial to attract
and retain members. Another challenge is maintaining a clean and
hygienic environment to ensure customer satisfaction and safety.
Furthermore, marketing and promotional efforts are essential to
reach potential customers and differentiate from competitors.
Lastly, providing excellent customer service and personalized
experiences can help fitness and recreational sports centers stand
out in the industry.
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challenges - Download a Sample Report
Segment Overview
This fitness and recreational sports centers market report
extensively covers market segmentation by
- End-user
- Age Group
- 2.1 35 and younger
- 2.2 35-54
- 2.3 55 and older
- Geography
- 3.1 North America
- 3.2 APAC
- 3.3 Europe
- 3.4 Middle East and
Africa
- 3.5 South America
1.1 Men- Fitness and recreational sports centers
market continues to grow, attracting a large consumer base. These
centers offer various facilities including gyms, swimming pools,
sports courts, and wellness programs. They cater to individuals
seeking an active lifestyle and health improvement. The market's
success can be attributed to increasing health consciousness,
affordable pricing, and diverse offerings. Fitness and recreational
sports centers provide essential services, fostering community
engagement and promoting overall well-being.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data (2018 -
2022) - Download a Sample Report
Research Analysis
The Fitness and Recreational Sports Centers market caters to the
needs of individuals seeking to maintain a healthy lifestyle and
engage in various forms of physical activity. These centers offer a
wide range of facilities including spas, saunas, steam baths,
swimming pools, tennis courts, playground equipment, exercise
facilities, entertainment facilities, athletic facilities,
healthcare services, gymnasiums, yoga, aerobic dance, handball
sports, racquet sports, skating, and swimming for both men and
women. Fitness equipment is readily available for exercising,
making it convenient for individuals to incorporate regular
workouts into their routine. The market targets sedentary
lifestyles and the youth population, emphasizing the importance of
health and fitness in today's fast-paced world. Membership fees may
apply for unlimited access to these facilities.
Market Research Overview
The Fitness and Recreational Sports Centers market encompasses
establishments that provide facilities for physical fitness and
recreational activities. These centers offer a wide range of
services including gymnasiums, swimming pools, sports courts,
fitness classes, and wellness programs. The market continues to
grow as consumers increasingly prioritize health and wellness.
Sustainability is also a significant trend, with many centers
incorporating eco-friendly practices and technologies. The industry
caters to various demographics, from professional athletes to
families and seniors. The market is segmented based on the type of
sports offered, location, and target demographic. Competition is
fierce, with centers differentiating themselves through unique
offerings, pricing strategies, and customer experience. The market
is expected to grow steadily in the coming years, driven by
increasing health consciousness and the desire for community
engagement through sports and fitness activities.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- End-user
-
- Age Group
-
- 35 And Younger
- 35-54
- 55 And Older
- Geography
-
- North America
- APAC
- Europe
- Middle East And Africa
- South America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio