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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

12-03-2018 05:17 PM CET | Sports

Press release from: Allied Market Research

Fitness and Recreational Sports Centers

Fitness and Recreational Sports Centers

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.

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.

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The fitness and recreational sports center scenario varies across regions, and is majorly dependent on factors such as health awareness, lifestyle disease incidence, young population, and per capita income. Various types of fitness and recreational centers such as yoga, aerobic dance, and gymnasiums are preferred in different geographical regions due to the difference in consumer preferences.

LIST OF TABLES

TABLE 1. GLOBAL FITNESS AND RECREATIONAL SPORTS CENTERS MARKET VALUE, BY TYPE, 2016-2023 ($MILLION)
TABLE 2. GYMNASIUMS MARKET VALUE, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 3. YOGA MARKET VALUE, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 4. AEROBIC DANCE MARKET VALUE, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 5. HANDBALL SPORTS MARKET VALUE, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 6. RACQUET SPORTS MARKET VALUE, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 7. SKATING MARKET VALUE, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 8. SWIMMING MARKET VALUE, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 9. OTHER MARKET VALUE, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 10. GLOBAL FITNESS AND RECREATIONAL SPORTS CENTERS MARKET VALUE, BY AGE GROUP, 2016-2023 ($MILLION)
TABLE 11. FITNESS AND RECREATIONAL SPORTS CENTERS MARKET VALUE FOR AGED 35 & YOUNGER, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 12. FITNESS AND RECREATIONAL SPORTS CENTERS MARKET VALUE FOR AGE 35-54, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 13. FITNESS AND RECREATIONAL SPORTS CENTERS MARKET VALUE FOR AGE 55 & OLDER, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 14. NORTH AMERICA FITNESS AND RECREATIONAL SPORTS CENTERS MARKET VALUE, BY TYPE, 2016-2023 ($MILLION)
TABLE 15. NORTH AMERICA FITNESS AND RECREATIONAL SPORTS CENTERS MARKET VALUE, BY AGE GROUP, 2016-2023 ($MILLION)
TABLE 16. NORTH AMERICA FITNESS AND RECREATIONAL SPORTS CENTERS MARKET VALUE, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 17. U.S. FITNESS AND RECREATIONAL SPORTS CENTERS MARKET VALUE, BY TYPE, 2016-2023 ($MILLION)
TABLE 18. U.S. FITNESS AND RECREATIONAL SPORTS CENTERS MARKET VALUE, BY AGE GROUP, 2016-2023 ($MILLION)
TABLE 19. CANADA FITNESS AND RECREATIONAL SPORTS CENTERS MARKET VALUE, BY TYPE, 2016-2023 ($MILLION)
TABLE 20. CANADA FITNESS AND RECREATIONAL SPORTS CENTERS MARKET VALUE, BY AGE GROUP, 2016-2023 ($MILLION)
TABLE 21. MEXICO FITNESS AND RECREATIONAL SPORTS CENTERS MARKET VALUE, BY TYPE, 2016-2023 ($MILLION)
TABLE 22. MEXICO FITNESS AND RECREATIONAL SPORTS CENTERS MARKET VALUE, BY AGE GROUP, 2016-2023 ($MILLION)
TABLE 23. EUROPE FITNESS AND RECREATIONAL SPORTS CENTERS MARKET VALUE, BY TYPE, 2016-2023 ($MILLION)
TABLE 24. EUROPE FITNESS AND RECREATIONAL SPORTS CENTERS MARKET VALUE, BY AGE GROUP, 2016-2023 ($MILLION)
TABLE 25. EUROPE FITNESS AND RECREATIONAL SPORTS CENTERS MARKET VALUE, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 26. U.K. FITNESS AND RECREATIONAL SPORTS CENTERS MARKET VALUE, BY TYPE, 2016-2023 ($MILLION)
TABLE 27. U.K. FITNESS AND RECREATIONAL SPORTS CENTERS MARKET VALUE, BY AGE GROUP, 2016-2023 ($MILLION)
TABLE 28. GERMANY FITNESS AND RECREATIONAL SPORTS CENTERS MARKET VALUE, BY TYPE, 2016-2023 ($MILLION)
TABLE 29. GERMANY FITNESS AND RECREATIONAL SPORTS CENTERS MARKET VALUE, BY AGE GROUP, 2016-2023 ($MILLION)
TABLE 30. FRANCE FITNESS AND RECREATIONAL SPORTS CENTERS MARKET VALUE, BY TYPE, 2016-2023 ($MILLION)
TABLE 31. FRANCE FITNESS AND RECREATIONAL SPORTS CENTERS MARKET VALUE, BY AGE GROUP, 2016-2023 ($MILLION)
TABLE 32. ITALY FITNESS AND RECREATIONAL SPORTS CENTERS MARKET VALUE, BY TYPE, 2016-2023 ($MILLION)
TABLE 33. ITALY FITNESS AND RECREATIONAL SPORTS CENTERS MARKET VALUE, BY AGE GROUP, 2016-2023 ($MILLION)
TABLE 34. SPAIN FITNESS AND RECREATIONAL SPORTS CENTERS MARKET VALUE, BY TYPE, 2016-2023 ($MILLION)
TABLE 35. SPAIN FITNESS AND RECREATIONAL SPORTS CENTERS MARKET VALUE, BY AGE GROUP, 2016-2023 ($MILLION)
TABLE 36. REST OF EUROPE FITNESS AND RECREATIONAL SPORTS CENTERS MARKET VALUE, BY TYPE, 2016-2023 ($MILLION)
TABLE 37. REST OF EUROPE FITNESS AND RECREATIONAL SPORTS CENTERS MARKET VALUE, BY AGE GROUP, 2016-2023 ($MILLION)
TABLE 38. ASIA-PACIFIC FITNESS AND RECREATIONAL SPORTS CENTERS MARKET VALUE, BY TYPE, 2016-2023 ($MILLION)
TABLE 39. ASIA-PACIFIC FITNESS AND RECREATIONAL SPORTS CENTERS MARKET VALUE, BY AGE GROUP, 2016-2023 ($MILLION)
TABLE 40. ASIA-PACIFIC FITNESS AND RECREATIONAL SPORTS CENTERS MARKET VALUE, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 41. CHINA FITNESS AND RECREATIONAL SPORTS CENTERS MARKET VALUE, BY TYPE, 2016-2023 ($MILLION)
TABLE 42. CHINA FITNESS AND RECREATIONAL SPORTS CENTERS MARKET VALUE, BY AGE GROUP, 2016-2023 ($MILLION)
TABLE 43. INDIA FITNESS AND RECREATIONAL SPORTS CENTERS MARKET VALUE, BY TYPE, 2016-2023 ($MILLION)
TABLE 44. INDIA FITNESS AND RECREATIONAL SPORTS CENTERS MARKET VALUE, BY AGE GROUP, 2016-2023 ($MILLION)
TABLE 45. JAPAN FITNESS AND RECREATIONAL SPORTS CENTERS MARKET VALUE, BY TYPE, 2016-2023 ($MILLION)
TABLE 46. JAPAN FITNESS AND RECREATIONAL SPORTS CENTERS MARKET VALUE, BY AGE GROUP, 2016-2023 ($MILLION)
TABLE 47. AUSTRALIA FITNESS AND RECREATIONAL SPORTS CENTERS MARKET VALUE, BY TYPE, 2016-2023 ($MILLION)
TABLE 48. AUSTRALIA FITNESS AND RECREATIONAL SPORTS CENTERS MARKET VALUE, BY AGE GROUP, 2016-2023 ($MILLION)
TABLE 49. SOUTH KOREA FITNESS AND RECREATIONAL SPORTS CENTERS MARKET VALUE, BY TYPE, 2016-2023 ($MILLION)
TABLE 50. SOUTH KOREA FITNESS AND RECREATIONAL SPORTS CENTERS MARKET VALUE, BY AGE GROUP, 2016-2023 ($MILLION)

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About Us

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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