About Fitness and Recreational Sports Centers
Establishments or facilities that contain equipment for exercising and other active physical fitness conditioning activities such as skating, swimming, or racquet sports are known as fitness and leisure sports centers. The growing usage of Fitness and Recreational Sports Centers in industries such as 35 and Younger, 35-54, 55 and Older, and others is propelling the Fitness and Recreational Sports Centers market worldwide.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD N) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Fitness and Recreational Sports Centers market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
LA Fitness (United States), 24 Hour Fitness (United States), Town Sports International (United States), NYC Fitness Club (United States), Dyaco International (Taiwan), ClubCorp (United States), Planet Fitness (United States), Central Rock Gym (United States), Equinox Holdings (United States), Blink Fitness (United States), Refine Method (United States) and Life Time (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Gold’s Gym International (United States), Peloton Studio (United States) and Konami Holdings Corporation (Japan).
Segmentation Overview
AMA Research has segmented the market of Global Fitness and Recreational Sports Centers market by Type (Gymnasiums, Yoga, Aerobic dance, Handball sports, Racquet sports, Skating, Swimming and Others), Application (35 & Younger, 35-54 and 55 & Older) and Region.
On the basis of geography, the market of Fitness and Recreational Sports Centers has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End User, the sub-segment i.e. Men will boost the Fitness and Recreational Sports Centers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Introduction of Latest Fitness Equipment such as Matrix Performance Plus Trade Mill and Performance Ascent Trainer
Market Growth Drivers:
The rise in Youth Population and Health Awareness and Urbanization of Many Towns and Shift of Population to the Major Cities
Challenges:
High Investment Cost for Opening Fitness Center and High Membership Fees Can Constrain the Fitness and Recreational Sports Centers Market
Restraints:
Increasing Number of Virtual Classes for Fitness and People Preferring Work Out from Home Can Hamper the Fitness and Recreational Sports Centers Market
Opportunities:
Government Support for Health and Fitness Availability of a Variety of Equipment and Personalized Training Fitness Program Will Boost the Fitness and Recreational Sports Centers Market
Market Leaders and their expansionary development strategies
On 24 Jan 2019 Dyaco International announce a global licensing partnership with Philips. Under a trademark licensing deal with Philips, the global leader in health technology, Dyaco International will offer a new range of specialist medical and rehabilitation exercise equipment. The new Philips Physical Therapy Solutions are designed to improve results via health technology innovation. This collaboration helps meet the expanding need for physical therapy treatments and programming in medical and rehabilitation settings, as well as the ever-increasing active aging population. To offer improved outcomes, Philips Physical Therapy Solutions break down barriers to exercise through program flexibility, ease-of-use, monitoring, and seamless exchange of key metrics between individuals and their care communities.
In January 2024, Allen, Texas Launched New Stephen G. Terrell Recreation Center Packed With Amenities for Fitness and Fun. They're a ticket to some perks guaranteed to make muscles flex at the thought. Members can look forward to slashing prices on STRC Programs and Activities, besides getting unlimited access to group exercise classes that promise to make you sweat.
“According to the NAICS association Businesses that specialize in running fitness and leisure sports facilities that offer exercise and other active physical fitness conditioning or recreational sports activities such as swimming, skating, and racquet sports are included in this category. Diet and Weight Reducing Centers, U.S. Industry 812191, classifies establishments principally involved in offering non-medical services to help customers in achieving or maintaining the desired weight. Industry 721110, Hotels (excluding Casino Hotels) and Motels, classifies establishments principally involved in operating health resorts and spas where recreational amenities are integrated with lodging.”
Key Target Audience
Fitness and Recreational Sports Centres Suppliers, Fitness and Recreational Sports Centers International Traders, Industry Investors, Research and Development Institutes, Financial Institutes and Investors, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.