Recreation Clubs Market Size, Share & Growth 2024-2033

The Business Research Company recently released a comprehensive report on the Global Recreation Clubs Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, 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 Drivers and Trends:

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.

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.

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Major Key Players of the Market:

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.

Recreation Clubs Market 2024 Key Insights:

• 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%.
• Thriving Recreational Club Market Fueled By Soaring Customer Engagement In Outdoor Activities
• Innovative Product Offerings Propel Growth In The Dynamic Recreation Club Market Landscape
• North America was the largest region in the recreation club market in 2023

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