Recreation Services Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Market Overview

The recreation services market is estimated to grow at a CAGR of 4.7% over the forecast period 2021 - 2026. The recreation services market consists of sales for the application of recreational facilities, recreational services, and related goods by businesses, that provide recreational services and related goods. The Recreation Services Market, owing to growing adult participation, rising disposable incomes amongst people across different industry sectors and regions, a shift in consumer preference toward better health, increasing investments in amusement parks, growing online marketing, increase in the incidences of obesity and involvement in recreational and leisure activities is anticipated to gain prominence.

• In addition, the government's support for health & fitness and availability of a variety of equipment & personalized fitness training programs at fitness and recreation sports centers have supplemented the market growth. However, high investment costs for opening fitness centers, high membership fees, and a sedentary lifestyle are anticipated to hamper the market growth. The market is anticipated to give a boost to growth in the travel and tourism sectors.
• Furthermore, a huge weight is being laid on improving & updating skill-base and promoting entrepreneurship along with giving quality service. The market has developed as a highly competitive and progressive industry vertical. The market aims at adhering people’s need for recreation opportunities, experiences and facilities by giving recreational services and products to customers.

Scope of the Report

The Recreational Services programs offer strenuous, fun-filled, health-promoting, physical activity, helpful to wellness and personal development. They may help enhance mental and physical health, as well as reduce stress and help in rest. Recreational activities are typically performed away from work, school, and day-to-day life works and by people of all ages. They can be as passive as reading a book or as effective as swimming or hiking.

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Key Market Trends

Recreation Sports Holds a Dominant Position in the Recreation Services Market

• The growth of the recreational sports services is motivated by factors such as a surge in middle - class population, a shift in consumer preference toward better health, and an increment in the incidence of obesity. Apart from that, government assistance for health & fitness and availability of a variety of equipment & personalized fitness training programs at fitness and recreation sports centers have strengthened the market growth. 
• However, recreational sports are expected to witness high end-to-end overall growth in the near future, due to an increment in awareness for fitness amongst the young population. The recreational sports centers include gymnasiums, handball sports, yoga, aerobic dance, racquet sports, skating, swimming, and others, helping the people attain their fitness goals and also to manage their health concerns.

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