The global fitness and recreational sports center market size was USD 113 Billion in 2022 and is likely to reach USD 173.80 Billion by 2031, expanding at a CAGR of 4.9% during 2023–2031. Fitness and recreational sports centers comprise establishments or facilities that have equipment for exercising and other active physical fitness conditioning activities such as skating, swimming, or racquet sports. Recreational sports are activities, in which the main purpose of the activity is participation, often have relevant goals of improving physical fitness, enjoyment, and social involvement.
Fitness and Recreational Sports Centers Market Trends, Drivers, Restraints, and Opportunities
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Growing number of facilities and facility areas such as fitness clubs such as hot yoga studios, high altitude training rooms, metabolic testing equipment, medical training areas, and day spas are gaining popularity among consumers and boosting the number of fitness and recreational sports centers, which fuel the market.
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Increasing participation by women is expected to drive the number of women-centric health club facilities, thereby boosting the market.
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The growth of the global fitness and recreation sports center market is driven by factors such as rising middle class population, adoption of sports activities among consumer, and increased in obesity.
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Increasing awareness regarding the benefits of a healthy and healthy life is expected to increase the number of people participating in gyms and recreational sports, thus boosting the fitness and recreational sports center market during the forecast period.
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Growing prevalence of obesity, low bone density, and increase in incidences of osteoporosis has increased focus on health and well-being, thus fueling the market.
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The availability of a variety of devices and personalized fitness training programs complement the growth of the market.
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High investment costs, high membership fees, and sedentary lifestyles to open a fitness center are expected to hamper the market.
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Growing youth population, surge in business innovation in emerging economies, and increasing number of acquisitions and expansions, are expected to create opportunities in the global market.
Scope of Fitness and Recreational Sports Centers Market Report
The report on the fitness and recreational sports center market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
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Attributes
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Details
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Report Title
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Global Fitness and Recreational Sports Centers Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016 & 2021
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Forecast Period
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2023–2031
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Segmentation
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Types (Gymnasiums, Yoga, Aerobic Dance, Handball Sports, Racquet Sports, Skating, Swimming, and Others), Age Groups (Younger than 35 Years, Years 35-54, and 55 Years & Older)
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Regional Scope
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Asia Pacific, North America, Europe, Latin America, and Middle East & Africa
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Report Coverage
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Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast
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Key Players Covered in the Report
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24 Hour Fitness; Equinox; Gold's Gym; Planet Fitness; Life Time Fitness; Town Sports International; Fitness First and Virgin Active; Konami Sports Club; McFit; and CrossFit Inc.
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Fitness and Recreational Sports Center Market Segment Insights
Gymnasium segment to hold significant market share
Based on product types, the fitness and recreational sports center market is fragmented into gymnasiums, yoga, aerobic dance, handball sports, racquet sports, skating, swimming, and others. The gymnasiums segment accounted for a key share of the global market due to factors such as the availability of various fitness equipment under one roof. Moreover, most of gymnasiums have fitness trainers to guide members to gain best results, which in turn, is propelling the segment.
Younger than 35 years segment held substantial market share in 2020
On the basis of age groups, younger than 35 years, 35-54nyears, and 55 years & older. The younger than 35 years segment held a substantial share of the market in 2020 due to the growth in the youth population, surge in business innovation in emerging economies, and industrial acquisition and expansion, are expected to provide favorable opportunities in the global market. Highly focused cardio, dance/choreography, kickboxing, and cross-training activities are among the top five activities preferred by teenagers. Fitness club operators use this data to offer to complement their exercise goals and develop healthy lifestyle habits, taking into account the specific goals and needs of the youth. These factors drive the segment.
Asia Pacific dominated the global market
In terms of regions, the global fitness and recreational sports center market can be split into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia Pacific dominated the global market. The fitness and recreation sports center market in Asia Pacific is expected to grow steadily during the forecast period due to the gradual increase in population and health problems, and increasing middle classes in the region. Additionally, increasing number of female participants is expected to propel the number of female-focused health clubs in the region, thereby driving market growth.
Segments
By Types
- Gymnasiums
- Yoga
- Aerobic Dance
- Handball Sports
- Racquet Sports
- Skating
- Swimming
- Others
By Age Groups
- Younger than 35 Years
- 35-54 Years
- 55 Years & Older
By Regions
- North America
- Europe
- Latin America
- Asia Pacific
- Middle East & Africa
By Key Players
- 24 Hour Fitness
- Equinox
- Gold's Gym
- Planet Fitness
- Life Time Fitness
- Town Sports International
- Fitness First and Virgin Active
- Konami Sports Club
- McFit
- CrossFit Inc.
Competitive Landscape
Key players in the fitness and recreational sports center market include 24 Hour Fitness; Equinox; Gold's Gym; Planet Fitness; Life Time Fitness; Town Sports International; Fitness First and Virgin Active; Konami Sports Club; McFit; and CrossFit Inc. These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.
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