Press release
Recreation Clubs Market Report 2024: Size, Share, Growth Rate, Industry Trends
Recreation Clubs Market Report
The Business Research Company offers in-depth market insights through Recreation Clubs Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The recreation clubs market size has grown strongly in recent years. It will grow from $51.74 billion in 2023 to $55.8 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to leisure time increase, rising disposable income, population growth, urbanization, social networking.
The recreation clubs market size is expected to see strong growth in the next few years. It will grow to $72.97 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to personalized experiences, sustainability initiatives, work-life balance prioritization, community engagement, inclusive programming. Major trends in the forecast period include technology integration, virtual recreation experiences, hybrid membership models, wellness retreats and programs, fitness technology integration.
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Market Segmentation:
The recreation clubs market covered in this report is segmented -
1) By Category: Recreational Sports Clubs, Non-Sports Recreational Clubs
2) By Age Group: Baby Boomers, Generation X, Millennials, Generation Z
3) By Travelers Type: Solo, Group
Major Driver - Thriving Recreational Club Market Fueled By Soaring Customer Engagement In Outdoor Activities
The rising customer participation in recreational activities is expected to propel the growth of the recreational club market going forward. Recreation activities refer to leisure activities that are performed outside, usually in natural environments. Increasing participation in recreational activities positively affects individuals' mental health, social and emotional states, and body composition and can bring various social health benefits. For instance, in January 2022, according to the Outdoor Industry Association, a US-based non-profit organization, in 2021, 164.2 million, or 54% of Americans aged six and older, reported engaging in outdoor recreation at least once. Further, the outdoor participation base has increased with a net increase of 3.5 million more people participating in outdoor activity in 2021. Additionally, a record 6.8 million Americans participated in outdoor activities for the first time in 2021. Therefore, rising customer participation in recreational activities is driving the growth of the recreational club market.
Competitive Landscape:
Major companies operating in the recreation clubs market report are 39 Monte Carlo, The Lenches Sports and Recreation Club, Disneyland, The Arts Club, Soho House, The Hurlingham Club, Carolina Country Club, The Battery, The Tanglin Club, New York Yacht Club, Northwood Club, CORE: Club, 5 Hertford Street, Monte-Carlo SBM, The Carnegie Club at Skibo Castle, Universal Studios Hollywood, Silencio, Yellowstone Club, Palazzo Tornabuoni, The AllBright, Urban Air Adventure Park, Yacht Club de Monaco, The Club at The Ivy, Braidwood Recreation Club, Troydale Recreational Club Ltd.
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Top Trend - Innovative Product Offerings Propel Growth In The Dynamic Recreation Club Market Landscape
Product innovation has emerged as a key trend gaining popularity in the recreation club market. Major companies operating in the recreation club market are concentrating on creating innovative products to strengthen their position in the market. For instance, in September 2022, Kemper Sports, a US-based golf course and hospitality management company, launched Kemper Sports Venues. A new business entity that will support and serve its growing network of facilities for youth and recreational sports. For athletes, parents, coaches, and guests, Kemper Sports Venues will provide exceptional sporting experiences at world-class facilities and new programming and events to its managed venues around the nation.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Recreation Clubs Market Characteristics
3. Recreation Clubs Market Trends And Strategies
4. Recreation Clubs Market - Macro Economic Scenario
5. Recreation Clubs Market Size And Growth
…..
27. Recreation Clubs Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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