The Fitness And Recreational Sports Centers Market is being driven by Surge in healthcare costs
The Fitness And Recreational Sports Centers Market is expected to grow at a CAGR of 10% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 104.1 billion. The fitness and recreational sports market exhibits a robust demand for instructor-led group workouts, providing both professional training and enjoyable experiences. Fitness centers and universities, hotels, multi-family dwellings, and senior centers offer such classes, which combine various workout formats, such as cycling, running, strength training, and body-weight exercises. Trainers and experts provide personalized diet plans and exercise regimens, tailored to cardiovascular health, strength training, or other fitness goals. They also offer in-depth knowledge and counseling on proper techniques and safety measures.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
218 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 10% |
Market growth 2025-2029 |
USD 104.1 billion |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
9.0 |
Key countries |
US, China, UK, Japan, Germany, Canada, Mexico, India, France, and Australia |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Fitness and recreational sports centers cater to various health and wellness needs, offering amenities such as Spas, Saunas, Steam baths, Swimming pools, Tennis courts, Playground equipment, Exercise facilities, Entertainment facilities, Athletic facilities, Healthcare services, Gymnasiums, Yoga, Aerobic Dance, Handball Sports, Racquet Sports, Skating rinks, Swimming classes, and Fitness Equipment for both Men and Women. Membership fees provide access to these facilities, combating sedentary lifestyles and addressing the health concerns of the youth population through exercising and engaging in activities like Aerobic Dance.
The Fitness and Recreational Sports Centers market, as identified by Technavio, falls under the broader category of the global leisure facilities market within the larger Hotels, Restaurants, and Leisure industry. This market encompasses businesses providing facilities such as spas, saunas, steam baths, swimming pools, tennis courts, playground equipment, exercise facilities, entertainment venues, and athletic fields. The global leisure facilities market's size is determined by Technavio based on the consolidated revenue of companies operating in casinos and gaming, hotels, resorts, and cruise lines, leisure facilities, and restaurants. The growth of the global leisure facilities market will be fueled by the rise in disposable income, leading to increased spending on discretionary activities, including sports and fitness, arts, entertainment, and recreation.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
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