Fitness And Recreational Sports Centers Market Size
| Study Period | 2020-2029 |
| Market Size (2024) | USD 260.98 Billion |
| Market Size (2029) | USD 319.82 Billion |
| CAGR (2024 - 2029) | 4.15 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Fitness And Recreational Sports Centers Market Analysis
The Fitness And Recreational Sports Centers Market size is estimated at USD 260.98 billion in 2024, and is expected to reach USD 319.82 billion by 2029, growing at a CAGR of 4.15% during the forecast period (2024-2029).
The fitness and recreational sports centers market is a growing industry that encompasses a wide range of facilities and services aimed at promoting physical fitness and recreational activities. These establishments typically offer a variety of amenities such as fitness equipment, group exercise classes, personal training services, sports facilities, swimming pools, and recreational programs.
The fitness and recreational sports centers market has been experiencing steady growth over the years. Factors contributing to this growth include increasing health consciousness among individuals, rising disposable incomes, and growing awareness of the importance of physical fitness. The industry has also witnessed an accelerated adoption of digital fitness solutions, online classes, and outdoor activities to cater to changing consumer behaviors after the COVID-19 pandemic.
Fitness And Recreational Sports Centers Market Trends
Rising Popularity of Boutique Fitness Studios
The rising popularity of boutique fitness studios has been a noticeable trend in the fitness industry over the past few years. Boutique fitness studios are smaller, specialized fitness facilities that typically focus on specific types of workouts or exercise modalities. Boutique fitness studios are differentiating themselves by offering specialized workouts that cater to specific interests or goals. Examples include cycling studios, barre studios, yoga studios, HIIT (High-Intensity Interval Training) studios, Pilates studios, and many more. By focusing on a particular fitness niche, these studios are providing unique and immersive experiences to their clients.
Increase in Integration of Digital Fitness Solutions in North America
The integration of digital fitness solutions in North America has experienced significant growth in recent years. Technological advancements and the increasing popularity of fitness and wellness have contributed to this trend. The proliferation of smartphones and wearable devices has revolutionized the fitness industry. Mobile apps and wearable devices equipped with sensors and tracking capabilities are allowing users to monitor their physical activities, track progress, and access personalized workout routines. These digital solutions provide convenience and real-time feedback to users, enhancing their fitness experience. The rise of virtual fitness classes is particularly prominent in North America. Online platforms and fitness apps are offering a wide range of virtual classes led by professional instructors, including cardio workouts, yoga, strength training, and more. Users can participate in these classes from the comfort of their homes, eliminating the need for gym memberships or physical attendance at a fitness studio.
Fitness And Recreational Sports Centers Industry Overview
The fitness and recreational sports centers market is highly fragmented with many players in the market. Major players like Planet Fitness, 24 Hour Fitness, Anytime Fitness, Gold's Gym, and Life Time Fitness currently dominate the market. Because of the increasing trend of fitness and recreational sports centers, the demand for fitness equipment is increasing around the world.
Fitness And Recreational Sports Centers Market Leaders
Planet Fitness
24 Hour Fitness
Anytime Fitness
Gold's Gym
Life Time Fitness
*Disclaimer: Major Players sorted in no particular order
Fitness And Recreational Sports Centers Market News
- April 2023: LeisureLink Partnership extends to ANGUSalive. The LeisureLink Partnership has allowed Shetland Recreational Trust MORE4life members to access the gym, public swimming, and fitness classes at leisure centers across Aberdeen, Argyll and Bute, the Borders, Highland, Moray, Orkney, and The Western Isles - all at no extra cost.
- December 2022: Lincoln University has Partnered with the Linc Wellness and Recreation Center and Studio.
Fitness And Recreational Sports Centers Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Health Awareness Among People
4.3 Market Restraints
4.3.1 High Competition Industry
4.4 Market Opportunities
4.4.1 Growing Interests in Holistic Wellness and the Integration of Technology in Fitness Activities
4.5 Value Chain / Supply Chain Analysis
4.6 Porter's Five Forces Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry
4.7 Insights on Technological Innovations in the Market
4.8 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Gymnasiums
5.1.2 Yoga
5.1.3 Aerobic Dance
5.1.4 Handball Sports
5.1.5 Racquet Sports
5.1.6 Skating
5.1.7 Swimming
5.1.8 Others
5.2 By Age Group
5.2.1 35 and Younger
5.2.2 35-54
5.2.3 55 and Older
5.3 By End-User
5.3.1 Men
5.3.2 Women
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Mexico
5.4.1.4 Rest of North America
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 United Kingdom
5.4.2.3 France
5.4.2.4 Russia
5.4.2.5 Spain
5.4.2.6 Rest of Europe
5.4.3 Asia Pacific
5.4.3.1 India
5.4.3.2 China
5.4.3.3 Japan
5.4.3.4 Rest of Asia Pacific
5.4.4 South America
5.4.4.1 Brazil
5.4.4.2 Argentina
5.4.4.3 Rest of South America
5.4.5 Middle East
5.4.5.1 UAE
5.4.5.2 Saudi Arabia
5.4.5.3 Rest of Middle East
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration
6.2 Company Profiles
6.2.1 Planet Fitness
6.2.2 24 Hour Fitness
6.2.3 Anytime Fitness
6.2.4 Gold's Gym
6.2.5 Life Time Fitness
6.2.6 Equinox
6.2.7 LA Fitness
6.2.8 Virgin Active
6.2.9 Snap Fitness
6.2.10 Fitness First*
- *List Not Exhaustive
7. MARKET FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
Fitness And Recreational Sports Centers Industry Segmentation
Sports and Fitness Center is an off-site facility operated by a third party that is open to the public and has amenities to improve and maintain physical health, which includes cardio and strength training equipment, free weights, group fitness classes, and locker rooms with showers. This report aims to provide a detailed analysis of the fitness and recreational sports centers market. It focuses on the market dynamics, emerging trends in the segments and regional markets, and insights into the various product and application types. Also, it analyzes the key players and the competitive landscape. The fitness and recreational sports centers market is segmented by type, which includes gymnasiums, yoga, aerobic dance, handball sports, racquet sports, skating, swimming, and others, by age group, which includes 35 and younger, 35-54, and 55 and older, by end-user which includes men and women, and by geography which includes North America, Asia-Pacific, Europe, South America, and the Middle East. The report offers market size and forecasts for the fitness and recreational sports centers market in terms of revenue (USD) for all the above segments.
| By Type | |
| Gymnasiums | |
| Yoga | |
| Aerobic Dance | |
| Handball Sports | |
| Racquet Sports | |
| Skating | |
| Swimming | |
| Others |
| By Age Group | |
| 35 and Younger | |
| 35-54 | |
| 55 and Older |
| By End-User | |
| Men | |
| Women |
| Geography | ||||||||
| ||||||||
| ||||||||
| ||||||||
| ||||||||
|
Fitness And Recreational Sports Centers Market Research FAQs
How big is the Fitness And Recreational Sports Centers Market?
The Fitness And Recreational Sports Centers Market size is expected to reach USD 260.98 billion in 2024 and grow at a CAGR of 4.15% to reach USD 319.82 billion by 2029.
What is the current Fitness And Recreational Sports Centers Market size?
In 2024, the Fitness And Recreational Sports Centers Market size is expected to reach USD 260.98 billion.
Who are the key players in Fitness And Recreational Sports Centers Market?
Planet Fitness, 24 Hour Fitness, Anytime Fitness, Gold's Gym and Life Time Fitness are the major companies operating in the Fitness And Recreational Sports Centers Market.
Which is the fastest growing region in Fitness And Recreational Sports Centers Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Fitness And Recreational Sports Centers Market?
In 2024, the North America accounts for the largest market share in Fitness And Recreational Sports Centers Market.
What years does this Fitness And Recreational Sports Centers Market cover, and what was the market size in 2023?
In 2023, the Fitness And Recreational Sports Centers Market size was estimated at USD 250.15 billion. The report covers the Fitness And Recreational Sports Centers Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Fitness And Recreational Sports Centers Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Fitness And Recreational Sports Centers Industry Report
Statistics for the 2024 Fitness And Recreational Sports Centers market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Fitness And Recreational Sports Centers analysis includes a market forecast outlook for 2024 to (2024to2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
