Press release
Leading Element Driving Change in the Recreation Market in 2025: Economic Growth Driving Forces In The Global Recreation Market Driver
Recreation
Many developed and developing countries are projected to have stable economic growth, contributing to the expansion of the recreation market. For example, TRADING ECONOMICS, an American firm specialising in economic data, revealed that in 2023, the GDP of the United States was roughly $27.36 trillion. This accounted for about 25.95% of the world's economy and had a yearly growth rate of 2.90% and a GDP per capita of $65,020.35. This ongoing economic progression is anticipated to boost investment in end-user markets. This in turn, serves as a propellant for the recreation market, as increased prosperity enables people to spend more at recreation facilities.
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What is the projected compound annual growth rate (CAGR) of the recreation market from 2025 to 2034, and what factors influence it?
The expansion of the recreational market has been significant in previous years, expected to increase from $1677.97 billion in 2024 to a staggering $1792.57 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 6.8%. The significant growth witnessed in the historic period can be ascribed to various factors such as the availability of leisure time, prevailing economic conditions, demographic patterns, urbanization, and governmental policies.
The size of the recreation market is predicted to experience robust expansion in the upcoming years, reaching $2221.82 billion by 2029 with an annual compound growth rate (CAGR) of 5.5%. The phenomenon expected to drive this growth during the forecast period include the rise of virtual and augmented reality experiences, wellness and mindfulness, sustainable recreation, tailored leisure activities, and inclusive recreation. Key trends expected during the forecast period encompass outdoor adventure tourism, experiential tourism, digital detox retreats, culinary and gastronomy tourism, and community-focused recreational programs.
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How are the latest trends influencing the growth of the recreation market?
Virtual and augmented reality technologies are being progressively embraced by amusement parks to offer their customers an enchanting experience. The concept of virtual reality introduces a 3D, digitally produced environment that can be interactive with an individual, while augmented reality transfigures a setting by superimposing virtual elements into it. These technologies are being incorporated in rides as well as theatre-related park attractions. Rollicking examples of this trend include the new virtual reality wooden roller coaster called Heidi The Ride at Plopsaland De Panne, located in De Panne, Belgium which boasts a top speed exceeding 43 mph. In Orlando, the SeaWorld has unveiled the Kraken Virtual Reality Roller Coaster. The park also houses the Weave Breaker coaster which mirrors the thrill of jet skiing. The Walking Dead mazes at Universal Studios is another attraction that contains elements of augmented reality.
What are the major segments of the recreation market and their role in driving growth?
The recreation market covered in this report is segmented -
1) By Type: Amusements, Arts, Sports
2) By Age Group: Aged 35 and Younger, Aged 35-54, Aged 55 and Older
3) By Revenue Source: Media Rights, Merchandising, Tickets and Sponsorship
Subsegments:
1) By Amusements: Theme Parks, Water Parks, Arcade Games
2) By Arts: Performing Arts, Visual Arts, Cultural Events
3) By Sports: Team Sports, Individual Sports, Recreational Activities
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Which regions are key players in the growth of the recreation market?
Asia-Pacific was the largest region in the recreation market in 2024. Eastern Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the recreation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the recreation market?
Major companies operating in the recreation market include The Hong Kong Jockey Club, The Walt Disney Company, China Sports Lottery, China Welfare Lottery, Sociedad Estatal Loterías y Apuestas del Estado S.A., Flutter Entertainment plc, Cinemark Holdings Inc., Tabcorp Holdings Ltd., Cineworld Group plc, Compagnie du Mont-Blanc S.A., Compagnie des Alpes S.A., Oriental Land Company Ltd., Cinplex Inc., Gym Group plc, City Sports & Recreation plc, Club de Futbol Intercity SAD, Guangzhou Jinyi Media Corp. A, Guangdong Jinma Entertainment Corp. Ltd., Grupo Sports World S.A.B. de C.V., Creative China Holdings Ltd., Herschend Family Entertainment Corp., Hall of Fame Resort & Entertainment Co., Country Club Hospitality & Holidays Ltd., Maruhan Corp., City Pulse Multiplex Ltd.
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What Is Covered In The Recreation Global Market Report?
•Market Size Forecast: Examine the recreation market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the recreation market for a structured understanding.
•Key Players Overview: Analyze major players in the recreation market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the recreation market.
•Segment Contributions: Evaluate how different segments drive overall growth in the recreation market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the recreation market.
•Industry Challenges: Identify potential risks and obstacles affecting the recreation market.
•Competitive Landscape: Review strategic developments in the recreation market, including expansions, agreements, and new product launches.
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