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Fitness and Recreational Sports Centers Market Growing at the Highest CAGR of 4.4% - Competitive Analysis of Leading Market Players - 24 Hour Fitness, Equinox, Gold's Gym, Planet Fitness, Life Time Fitness, Town Sports International, Fitness First and Vir

11-21-2018 02:43 PM CET | Sports

Press release from: Allied Market Research

Fitness and Recreational Sports Centers Market

Fitness and Recreational Sports Centers Market

Rise in trend of group fitness activities is projected to drive the growth of yoga and aerobic dance segments in the near future. In addition, increase in young population willing to take up outdoor sports as a medium for their fitness is expected to be the major driver for handball and racquet sports.

Fitness and Recreational Sports Centers Market by Type and Age Group: Global Opportunity Analysis and Industry Forecast, 2017-2023," the global fitness and recreational sports centers market size was valued at $83,680 million in 2016, and is expected to reach $113,116 million by 2023, registering a CAGR of 4.4% from 2017 to 2023. North America dominated the global market, accounting for more than one-third share in 2016.

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The growth of the global fitness and recreational sports center market is driven by factors such as surge in middle class population, shift in consumer preference toward better health, and increase in incidence of obesity. In addition, government 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 cost for opening fitness centers, high membership fees, and sedentary lifestyle are anticipated to hamper the market growth. The impact of the driving factors is expected to surpass that of the restraints. Conversely, growth in youth population across emerging countries and surge in business innovations and acquisitions & expansions in the industry are expected to offer lucrative opportunities for the global market.

The report analyzes the global fitness and recreational sports center market on the basis of type, age group, and geography. The global market is segmented based on type as gymnasiums, yoga, aerobic dance, handball sports, racquet sports, skating, swimming, and others. By age group, it is classified into 35 & younger, 35-54, and 55 & older. The report includes the revenue generated from fitness and recreational sports centers across North America, Europe, Asia-Pacific, and LAMEA.

The global fitness and recreational sports centers market is highly fragmented, and hence its growth is stagnated. However, the market is anticipated to witness high end-to-end overall growth in the near future, owing to increase in awareness for fitness among the young population. The fitness and recreational sports centers include gymnasiums, yoga, aerobic dance, handball sports, racquet sports, skating, swimming, and others. These centers have helped the population attain their fitness goals and also to manage their health concerns.

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In the past decade, the global fitness and recreational sports centers industry experienced a substantial growth. This is attributed to the fact that the aging population encouraged health and fitness clubs to widen their target demographic beyond the traditional market of 18-35 year old. Industry operators are gradually expanding their target market to include 35 to 54-year-olds and individuals aged under 18. Approximately 40% of fitness and recreational sports center members are female, a proportion that has increased in recent years. The growth of female participation is likely a result of rise in number of female-only health club facilities. Depending on age group, the global market is fragmented into 35 & younger, 35-54, and 55 to older.

LIST OF FIGURES

FIGURE 1. GLOBAL FITNESS AND RECREATIONAL SPORTS CENTER MARKET SEGMENTATION
FIGURE 2. TOP INVESTMENT POCKET, BY TYPE
FIGURE 3. TOP WINNING STRATEGIES, BY YEAR, 2015-2017*
FIGURE 4. TOP WINNING STRATEGIES, BY DEVELOPMENT, 2015-2017* (%)
FIGURE 5. TOP WINNING STRATEGIES, BY COMPANY, 2015-2017*
FIGURE 6. MARKET SHARE ANALYSIS, BY TYPE, 2016 VS. 2023 (%)
FIGURE 7. MARKET SHARE ANALYSIS, BY AGE GROUP, 2016 VS. 2023 (%)
FIGURE 8. MARKET SHARE ANALYSIS, BY GEOGRAPHY, 2016 VS. 2023 (%)
FIGURE 9. BARGAINING POWER OF SUPPLIERS
FIGURE 10. BARGAINING POWER OF BUYERS
FIGURE 11. THREAT OF NEW ENTRANTS
FIGURE 12. THREAT OF SUBSTITUTES
FIGURE 13. COMPETITIVE RIVALRY
FIGURE 14. DRIVERS AND RESTRAINTS: GLOBAL FITNESS AND RECREATIONAL SPORTS CENTER MARKET
FIGURE 15. MIDDLE CLASS CONSUMPTION EXPENDITURES
FIGURE 16. LIFESTYLE DISEASES IN INDIA (URBAN)
FIGURE 17. REASONS WHY CUSTOMERS PREFER FITNESS STUDIOS
FIGURE 18. SOME EXPENSIVE FITNESS AND RECREATIONAL SPORTS CENTERS MEMBERSHIPS
FIGURE 19. INDIA YOUTH POPULATION
FIGURE 20. GLOBAL FITNESS AND RECREATIONAL SPORTS CENTERS MARKET SHARE, BY TYPE, 2016 (%)
FIGURE 21. GLOBAL GYMNASIUMS MARKET VALUE, BY COUNTRY, 2016 (%)
FIGURE 22. GLOBAL YOGA MARKET VALUE, BY COUNTRY, 2016 (%)
FIGURE 23. GLOBAL AEROBIC DANCE MARKET VALUE, BY COUNTRY, 2016 (%)
FIGURE 24. GLOBAL HANDBALL SPORTS MARKET VALUE, BY COUNTRY, 2016 (%)
FIGURE 25. GLOBAL RACQUET SPORTS MARKET VALUE, BY COUNTRY, 2016 (%)
FIGURE 26. GLOBAL SKATING MARKET VALUE, BY COUNTRY, 2016 (%)
FIGURE 27. GLOBAL SWIMMING MARKET VALUE, BY COUNTRY, 2016 (%)
FIGURE 28. GLOBAL OTHERS MARKET VALUE, BY COUNTRY, 2016 (%)
FIGURE 29. GLOBAL FITNESS AND RECREATIONAL SPORTS CENTERS MARKET SHARE, BY AGE GROUP, 2016 (%)
FIGURE 30. GLOBAL FITNESS AND RECREATIONAL SPORTS CENTERS MARKET VALUE FOR AGED 35 & YOUNGER, BY COUNTRY, 2016 (%)
FIGURE 31. GLOBAL FITNESS AND RECREATIONAL SPORTS CENTERS MARKET VALUE FOR AGE 35-54, BY COUNTRY, 2016 (%)
FIGURE 32. GLOBAL FITNESS AND RECREATIONAL SPORTS CENTERS MARKET VALUE FOR 55 & OLDER, BY COUNTRY, 2016 (%)
FIGURE 33. TOP TEN COUNTRIES WITH MAXIMUM GYM MEMBERSHIPS, 2015
FIGURE 34. FITNESS AND RECREATIONAL SPORTS CENTERS MARKET SHARE, BY GEOGRAPHY, 2016 (%)
FIGURE 35. NUMBER OF FITNESS CENTERS & HEALTH CLUBS IN U.S., 2008-2016
FIGURE 36. U.S. FITNESS AND RECREATIONAL SPORTS CENTERS MARKET, 2016-2023 ($MILLION)
FIGURE 37. CANADA FITNESS AND RECREATIONAL SPORTS CENTERS MARKET, 2016-2023 ($MILLION)
FIGURE 38. MEXICO FITNESS AND RECREATIONAL SPORTS CENTERS MARKET, 2016-2023 ($MILLION)
FIGURE 39. U.K. FITNESS AND RECREATIONAL SPORTS CENTERS MARKET, 2016-2023 ($MILLION)
FIGURE 40. GERMANY FITNESS AND RECREATIONAL SPORTS CENTERS MARKET, 2016-2023 ($MILLION)
FIGURE 41. FRANCE FITNESS AND RECREATIONAL SPORTS CENTERS MARKET, 2016-2023 ($MILLION)
FIGURE 42. ITALY FITNESS AND RECREATIONAL SPORTS CENTERS MARKET, 2016-2023 ($MILLION)
FIGURE 43. SPAIN FITNESS AND RECREATIONAL SPORTS CENTERS MARKET, 2016-2023 ($MILLION)
FIGURE 44. REST OF EUROPE FITNESS AND RECREATIONAL SPORTS CENTERS MARKET, 2016-2023 ($MILLION)
FIGURE 45. CHINA FITNESS AND RECREATIONAL SPORTS CENTERS MARKET, 2016-2023 ($MILLION)
FIGURE 46. INDIA FITNESS AND RECREATIONAL SPORTS CENTERS MARKET, 2016-2023 ($MILLION)
FIGURE 47. JAPAN FITNESS AND RECREATIONAL SPORTS CENTERS MARKET, 2016-2023 ($MILLION)
FIGURE 48. AUSTRALIA FITNESS AND RECREATIONAL SPORTS CENTERS MARKET, 2016-2023 ($MILLION)
FIGURE 49. SOUTH KOREA FITNESS AND RECREATIONAL SPORTS CENTERS MARKET, 2016-2023 ($MILLION)
FIGURE 50. REST OF ASIA-PACIFIC FITNESS AND RECREATIONAL SPORTS CENTERS MARKET, 2016-2023 ($MILLION)
FIGURE 51. BRAZIL FITNESS AND RECREATIONAL SPORTS CENTERS MARKET, 2016-2023 ($MILLION)
FIGURE 52. ARGENTINA FITNESS AND RECREATIONAL SPORTS CENTERS MARKET, 2016-2023 ($MILLION)
FIGURE 53. AFRICA FITNESS AND RECREATIONAL SPORTS CENTERS MARKET, 2016-2023 ($MILLION)
FIGURE 54. SAUDI ARABIA FITNESS AND RECREATIONAL SPORTS CENTERS MARKET, 2016-2023 ($MILLION)
FIGURE 55. UAE FITNESS AND RECREATIONAL SPORTS CENTERS MARKET, 2016-2023 ($MILLION)
FIGURE 56. REST OF LAMEA FITNESS AND RECREATIONAL SPORTS CENTERS MARKET, 2016-2023 ($MILLION)
FIGURE 57. KONAMI HOLDINGS CORPORATION: REVENUE, 2015-2017 ($MILLION)
FIGURE 58. KONAMI HOLDINGS CORPORATION: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 59. KONAMI HOLDINGS CORPORATION: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 60. PLANET FITNESS, INC.: REVENUE, 2014-2016 ($MILLION)
FIGURE 61. PLANET FITNESS, INC.: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 62. TOWN SPORTS INTERNATIONAL HOLDINGS, INC.: REVENUE, 2014-2016 ($MILLION)
FIGURE 63. TOWN SPORTS INTERNATIONAL HOLDINGS, INC.: REVENUE SHARE BY SEGMENT, 2016 (%)

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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