Fitness and Recreational Sports Centers Market 2023, Size, Trends, Scope, Growth And Forecast 2028

IMARC Group’s report titled “Fitness and Recreational Sports Centers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“. The global fitness and recreational sports centers market size reached US$ 113.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 153.0 Billion by 2028, exhibiting a growth rate (CAGR) of 4.9% during 2023-2028.

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Factors Affecting the Growth of the Fitness and Recreational Sports Centers Industry:

• Increasing Focus on Health and Wellness:

The rising focus on overall health and wellness among the masses across the globe is contributing to the growth of the market. In addition, people are increasingly becoming aware about the importance of physical fitness and overall well-being to reduce the risk of various diseases. Apart from this, they are actively participating in recreational sports activities to maintain a healthy lifestyle, which is bolstering the market growth. Furthermore, sports activities assist in enhancing the mental health of individuals, which is impelling the market growth.

• Rising Prevalence of Obesity:

The growing number of fitness and recreational sports centers, along with the rising prevalence of obesity among individuals, is offering a positive market outlook. In line with this, obesity can also increase the risks of heart disease, diabetes, and other chronic conditions. Fitness and recreational sports centers play a crucial role in combating obesity by providing accessibility to a wide range of physical activities to people. These centers offer a variety of exercise programs, equipment, and expert guidance, making it easier for people to manage their weight.

• Innovation in Fitness Equipment:

Innovation in fitness equipment, such as the integration of technology like touchscreens and mobile app connectivity on cardio machines, creates interactive and data-driven workouts, which is bolstering the market growth. Furthermore, advancements in biomechanics and materials assist in providing ergonomic equipment that reduces strain and enhances the safety of individuals. Apart from this, the incorporation of virtual reality (VR) and artificial intelligence (AI) in fitness equipment provides personalized and immersive fitness experiences, which attracts a large consumer base. As a result, innovations in fitness equipment not only improve the effectiveness of workouts but also provide enhanced convenience.

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Leading Companies Operating in the Global Fitness and Recreational Sports Centers Industry:

• 24 Hour Fitness USA LLC.
• CrossFit LLC.
• Curves International
• David Lloyd Leisure
• Fitness First
• Konami Group Corporation
• Life Time Inc.
• SUNY Cortland Recreational Sports
• The Gym Group plc
• Virgin Active (Virgin Group Ltd.)

Fitness and Recreational Sports Centers Market Report Segmentation:

By Type:

• Gymnasiums
• Yoga
• Aerobic Dance
• Handball Sports
• Racquet Sports
• Skating
• Swimming
• Others

Gymnasiums represented the largest segment as they have cardio zones and strength training areas and often include amenities like group fitness classes and personal training services.

By Age Group:

• 35 and Younger
• 35-54
• 55 and Older

35 and younger accounted for the largest market share due to the rising focus on maintaining an active lifestyle.

By End User:

• Men
• Women

On the basis of end user, the market has been bifurcated into men and women.

Regional Insights:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

North America enjoys the leading position in fitness and recreational sports centers market on account of favorable government initiatives.

Global Fitness and Recreational Sports Centers Market Trends:

Regular exercise is linked to improved mobility, cognitive function, and overall quality of life among people. Elderly people are increasingly going to fitness and recreational sports centers to stay active and healthy and reduce the risk of chronic diseases, which is strengthening the growth of the market.

The introduction of digital fitness solutions, such as virtual classes and on-demand workouts, is supporting the growth of the market. Apart from this, many fitness centers are offering online memberships and virtual training options to attract a wider consumer base worldwide.

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