Fitness and Recreational Sports Centers Market to Grow at over 7% through 2024

by mack nene TechSci Research

Rising health consciousness among people along with increasing disposable income to drive global fitness and recreational sports centers market through 2024

According to TechSci Research report, “Global Fitness and Recreational Sports Centers Market By Type, By Age Group, By Region, Competition, Forecast & Opportunities, 2024”, global fitness and recreational sports centers market is projected to grow at a CAGR of over 7% during 2019-2024, on the back of increasing health consciousness among people. In terms of age group, fitness and recreational sports centers market is categorized into 30 years & younger, 31 years–50 years and 51 years & older. Among these age groups, the 31–50 years category accounted for a significant portion of global fitness and recreational sports centers market in 2018. The growth of this category is majorly attributable to the fact that the ageing population is encouraging health and fitness clubs to widen their target demographic beyond the traditional market of 30 years & younger. Industry operators are gradually expanding their target market to include 31 years – 50 years old.

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Key Players :

Some of the leading players in global fitness and recreational sports centers market are 24 Hour Fitness USA Inc., CrossFit Inc., Equinox Holdings Inc., Gold's Gym International Inc., Konami Holdings Corporation (Konami Sports Club), Life Time Inc., McFIT Global Group GmbH, Planet Fitness Inc., Town Sports International Holdings Inc. Virgin Active Limited, etc.

Regionally, global fitness and recreational sports centers market is categorized into North America, Europe, Asia-Pacific, South America and Middle-East & Africa. Among regions, North America was the largest market for fitness and recreational sports centers globally in 2018. The region is further expected to witness steady growth during forecast period as well on account of increasing number of people suffering from obesity and rising awareness related to physical health. Moreover, education regarding maintaining a healthy lifestyle is further positively impacting the growth of fitness and recreational sports centers in North America. Furthermore, North America has rich sports culture, especially the US sports system is very well developed. The country provides one of the best support systems for the upcoming athletes from a very young age, starting from the school level to the professional one. As a result of this, people in the age group of below 18 years are turning up to gymnasiums and swimming centers to keep themselves in a proper shape to succeed in the pro level. Moreover, most of the athletes in the US are endorsing various brands related to the fitness industry which is encouraging people in the country to keep themselves in good physical shape, which, in turn, is contributing to the growth of North America fitness and recreational sports centers.

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“Global fitness and recreational sports centers market is anticipated to register a steady growth over the course of next five years. Health-conscious individuals are incorporating fitness into their daily regimen, owing to which the market for fitness and recreational sports centers is witnessing growth. Moreover, owing to rising per capita disposable income, more number of individuals can afford to join gym, health and fitness club memberships which would further steer growth in the market.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Global Fitness and Recreational Sports Centers Market By Type, By Age Group, By Region, Competition, Forecast & Opportunities, 2024”, has evaluated the future growth potential of global fitness and recreational sports centers market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global fitness and recreational sports centers market.

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