According to the latest report by IMARC Group, titled “Fitness and Recreational Sports Centers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the global fitness and recreational sports centers market analysis. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global fitness and recreational sports centers market size reached US$ 113.0 Billion in 2022. Looking forward, IMARC Group 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 provide opportunities for physical and recreational activities in a safe and inclusive environment. They comprise spas, saunas, steam baths, swimming pools, tennis courts, playground equipment, exercise, entertainment, or athletic facilities, etc. Fitness and recreational sports centers reduce reliance on healthcare and other costly social services by providing local facilities to individuals for enhancing personal health and wellness. They offer a convenient way to decrease the risk of several diseases and improve physical and mental health.In line with this, fitness and recreational sports centers assist in building strong social bonds and enhancing social interaction, volunteerism, and civic pride in communities by providing natural spaces, arenas, and playing fields.
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What Are The Key Factors Driving In A Fitness And Recreational Sports Centers Market?
The growing prevalence of obesity, owing to sedentary lifestyles and the rising consumption of high-calorie and -fat food products, is primarily driving the fitness and recreational sports centers market. Additionally, the launch of numerous favorable policies by government bodies across countries to promote personalized training programs for developing a healthy body and mind is further catalyzing the market growth. Besides this, the increasing consumer awareness towards the benefits of fitness and recreational sports is acting as another significant growth-inducing factor.
Moreover, the elevating incidences of osteoporosis, on account of diminished bone density and early bone loss, are also positively influencing the global market. Apart from this, regular exercise increases energy and stamina and reduces the risk of chronic diseases, which is propelling the market growth. Furthermore, the introduction of advanced devices that aid in losing weight as well as improving bone health and muscle mass is anticipated to fuel the fitness and recreational sports centers market in the coming years.
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market
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.).
Breakup by Type:
- Gymnasiums
- Yoga
- Aerobic Dance
- Handball Sports
- Racquet Sports
- Skating
- Swimming
- Others
- 35 and Younger
- 35-54
- 55 and Older
- Men
- Women
- Asia Pacific
- North America
- Europe
- Middle East and Africa
- Latin America
