Fitness and Recreational Sports Centers Market to Grow at Robust 4.4% CAGR to 2023 Life Time Fitness, Town Sports International, Fitness First and…

Posted: September 3, 2020 at 3:54 pm


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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.

Top Companies Covered in this Report: 24 Hour Fitnessz, quinox, Golds Gym, Planet Fitness, Life Time Fitness, Town Sports International, Fitness First and Virgin Active, Konami Sports Club, McFit, CrossFit Inc.

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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.

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.

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Table Of Content

CHAPTER 1 INTRODUCTION

CHAPTER 2 EXECUTIVE SUMMARY

CHAPTER 3 MARKET OVERVIEW

CHAPTER 4 FITNESS AND RECREATIONAL SPORTS CENTERS MARKET, BY TYPE

CHAPTER 5 FITNESS AND RECREATIONAL SPORTS CENTERS MARKET, BY AGE GROUP

CHAPTER 6 FITNESS AND RECREATIONAL SPORTS CENTER MARKET, BY GEOGRAPHY

CHAPTER 7 COMPANY PROFILES

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Fitness and Recreational Sports Centers Market to Grow at Robust 4.4% CAGR to 2023 Life Time Fitness, Town Sports International, Fitness First and...

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September 3rd, 2020 at 3:54 pm

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