new york, June 28, 2024 /PRNewswire/ — The global fitness and recreational sports center market size is $93.8 billion According to Technavio, the market is expected to expand from 2024 to 2028. The market is expected to grow at a CAGR of 9.78% during the forecast period. Rising healthcare costs are driving the market growth, which has led to a rise in integrated workout formats for group fitness classes. However, a highly fragmented market poses challenges. Key market players include 24 Hour Fitness, united states of america 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.
Technavio has released its latest market research report, “Global Fitness and Recreational Sports Centers Market 2024-2028”.
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Forecast Period |
2024-2028 |
Base year |
2023 |
Historical Data |
2018 – 2022 |
Target Segments |
End users (male and female), age group (under 35, 35-54, 55+), and region (North America, Asia Pacific, Europe, Middle East, Africa, South America) |
Target area |
North America, Asia Pacific, Europe, Middle East, Africa, South America |
Introduction of major companies |
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 Co., Ltd., 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 Driving Growth
The fitness and recreational sports centres market is witnessing a significant growth due to the rising demand for instructor-led training. Trainers and experts offer group classes combining various training formats such as cycling, running and strength training. These centres provide diet counselling and in-depth knowledge on exercise. Renowned brands such as GOLDS GYM offer effective group yoga and Zumba classes. Innovative instructor methods engage members, leading to weight loss, improved fitness and muscle building. NGOs and social workers promote fitness education, further boosting the expansion of the market.
The fitness and recreational sports center market is experiencing significant growth with a focus on modern equipment and technology. Medium and large-sized centers are popular and offer a variety of services such as fitness classes, personal training, and recreational sports. Exercise equipment and facilities such as treadmills, weights, and pools are essential. Classes such as yoga, pilates, and group fitness sessions are in fashion. Seniors and children are the primary target demographic with specialized programs catering to their needs. Technology is playing a role, with apps and wearable devices being used to track progress and schedule workouts. The industry is competitive, with players focusing on customer service and convenience to attract and retain members. Driven by increasing health consciousness and a desire for community involvement, the market is expected to continue to grow.
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Market Challenges
- The global fitness and recreational sports centers market is fragmented with no dominant player. An unorganized market structure and local brands hinder the expansion of global players. Competition is fierce, with smaller players focusing on specific services for larger companies. Players compete on price, brand recognition, and services. New entrants face the challenge of attracting customers and creating innovative marketing strategies. The competitive nature of the market has led to increased competition for visitor numbers and memberships.
- Fitness and recreational sports centers face several challenges in today’s market. These include increasing competition, rising operational costs, and the need to cater to diverse customer preferences. Catering to a large and diverse clientele requires facilities that offer a wide range of activities, including swimming, soccer, tennis, and aerobics. Additionally, staying up to date with the latest fitness trends and technology is essential to attract and retain members. Another challenge is maintaining a clean and hygienic environment to ensure customer satisfaction and safety. Additionally, marketing and promotional efforts are essential to reach potential customers and differentiate from competitors. Finally, providing excellent customer service and a personalized experience can help fitness and recreational sports centers stand out in the industry.
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Segment Overview
This Fitness and Recreational Sports Centers Market report covers market segmentation extensively.
- End-user
- 2.1 Under 35 years old
- 2.2 35-54
- 2.3 Age 55 and over
- 3.1 North America
- 3.2 Asia-Pacific
- 3.3 Europe
- 3.4 middle east and Africa
- 3.5 south america
1.1 Men The fitness and recreational sports center market continues to grow, attracting a large consumer base. These centers offer a variety of facilities such as gyms, swimming pools, sports courts, and wellness programs. They cater to individuals seeking an active lifestyle and improved health. The success of the market is due to growing health awareness, affordable prices, and diverse service offerings. Fitness and recreational sports centers provide important services that foster community engagement and promote overall health.
For more details on market segmentation by geographical analysis including forecasts (2024-2028) and historical data (2018-2022), see below: Download sample report
Research Analysis
The fitness and recreational sports centers market caters to the needs of individuals who wish to maintain a healthy lifestyle and engage in various forms of physical activity. These centers offer a wide range of facilities such as spas, saunas, steam baths, swimming pools, tennis courts, playground equipment, exercise facilities, entertainment facilities, athletic facilities, healthcare services, gyms, yoga, aerobic dance, handball sports, racquet sports, skating, and swimming for both men and women. Fitness equipment is readily available for exercise, making it convenient for individuals to incorporate training into their daily routine. The market targets a sedentary lifestyle and a younger demographic, highlighting the importance of health and fitness in today’s fast-paced world. Membership fees may be charged for unlimited access to these facilities.
Market Research Overview
The fitness and recreation sports center market includes establishments that provide facilities for fitness and recreational activities. These centers offer a wide range of services, including gyms, 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 key trend, with many centers incorporating environmentally friendly practices and technologies. The industry caters to a variety of demographics, from professional athletes to families and seniors. The market is segmented based on the type of sports offered, location, and target demographics. Competition is intense, and centers are differentiating through unique services, pricing strategies, and customer experience. Driven by increasing health consciousness and the desire for community involvement through sports and fitness activities, the market is expected to grow steadily over the next few years.
table of contents:
1. Executive Summary
2. Market situation
3. Market size assessment
4. Past market size
Five Forces Analysis
6. Market Segmentation
- End-user
- Age group
- Age 35 or younger
- 35-54
- Age 55 or older
- Geography
- North America
- Asia Pacific
- Europe
- Middle East and Africa
- south america
7 Customer Environment
8. Geographical Landscape
9 Drivers, Challenges and Trends
10. Company Status
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Its research and analysis focuses on emerging market trends, providing actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market position.
With over 500 expert analysts, Technavio’s report library contains over 17,000 reports covering 800 technologies across 50 countries. The company’s client base comprises of businesses of all sizes, including over 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify existing and potential market opportunities, and assess their competitive position within a changing market scenario.
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Source Technavio