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2018

Fitness and Recreational Sports Centers Market

Fitness and Recreational Sports Centers Market Size, Share, Competitive Landscape and Trend Analysis Report by Type (Gymnasiums, Yoga, Aerobic dance, Handball sports, Racquet sports, Skating, Swimming, and Others) and Age Group (35 & Younger, 35-54, and 55 & Older) - Global Opportunity Analysis and Industry Forecast, 2017-2023

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Author's: Akhila Prasannan | Roshan Deshmukh
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Fitness and Recreational Sports Centers Market Overview:

The Global Fitness And Recreational Sports Centers Market size was $83,680 million in 2016, and is expected to reach $113,116 million by 2023, registering a CAGR of 4.4% from 2017 to 2023. Fitness and recreational sports centers comprise establishments or facilities that have equipment for exercising and other active physical fitness conditioning activities such as skating, swimming, or racquet sports.

The growth of the global fitness and recreational sports center market is driven by factors such as surge in middle class population, shift in consumer preference toward better health, and increase in incidence of obesity. In addition, government support for health & fitness and availability of a variety of equipment & personalized fitness training programs at fitness and recreation sports centers have supplemented the market growth. However, high investment cost for opening fitness centers, high membership fees, and sedentary lifestyle are anticipated to hamper the market growth. The impact of the driving factors is expected to surpass that of the restraints. Conversely, growth in youth population across emerging countries and surge in business innovations and acquisitions & expansions in the industry are expected to offer lucrative opportunities for the global market.

The report analyzes the global fitness and recreational sports center market on the basis of type, age group, and geography. The global market is segmented based on type as gymnasiums, yoga, aerobic dance, handball sports, racquet sports, skating, swimming, and others. By age group, it is classified into 35 & younger, 35-54, and 55 & older. The report includes the revenue generated from fitness and recreational sports centers across North America, Europe, Asia-Pacific, and LAMEA.

The Global Fitness And Recreational Sports Centers Market is highly fragmented, and hence its growth is stagnated. However, the market is anticipated to witness high end-to-end overall growth in the near future, owing to increase in awareness for fitness among the young population. The fitness and recreational sports centers include gymnasiums, yoga, aerobic dance, handball sports, racquet sports, skating, swimming, and others. These centers have helped the population attain their fitness goals and also to manage their health concerns.

In the past decade, the global fitness and recreational sports centers industry experienced a substantial growth. This is attributed to the fact that the aging population encouraged health and fitness clubs to widen their target demographic beyond the traditional market of 18-35 year old. Industry operators are gradually expanding their target market to include 35 to 54-year-olds and individuals aged under 18. Approximately 40% of fitness and recreational sports center members are female, a proportion that has increased in recent years. The growth of female participation is likely a result of rise in number of female-only health club facilities. Depending on age group, the global market is fragmented into 35 & younger, 35-54, and 55 to older.

The fitness and recreational sports center scenario varies across regions, and is majorly dependent on factors such as health awareness, lifestyle disease incidence, young population, and per capita income. Various types of fitness and recreational centers such as yoga, aerobic dance, and gymnasiums are preferred in different geographical regions due to the difference in consumer preferences.

The key players in the global fitness and recreational sports centers market have strategically focused on expansion to gain significant share in the market.
The key players profiled in the report are:

  • 24 Hour Fitness
  • Equinox
  • Gold's Gym
  • Planet Fitness
  • Life Time Fitness
  • Town Sports International
  • Fitness First and Virgin Active
  • Konami Sports Club
  • McFit
  • CrossFit Inc.

Key Benefits for Stakeholders

  • This report provides an extensive analysis of the current trends and emerging estimations in the global fitness and recreational sports centers market.
  • In-depth analysis of the industry is conducted through market estimations of key segments for the period 2017 to 2023.
  • Competitive intelligence of leading manufacturers and distributors of fitness and recreational sports centers helps understand the competitive scenario across geographies.
  • Comprehensive analysis of factors that drive and restrain the growth of the global fitness and recreational sports centers market is provided in the report.
  • Extensive analysis of the industry is conducted by following key product positioning and monitoring the top competitors within the market framework.
  • The key players are profiled along with their strategies to determine the competitive outlook of the market.

Fitness and Recreational Sports Centers Market Report Highlights

Aspects Details
Fitness and Recreational Sports Centers Market- Global Opportunity Analysis and Industry Forecast, 2017-2023 By Type
By Type
  • Gymnasiums
  • Yoga
  • Aerobic Dance
  • Handball Sports
  • Racquet Sports
  • Skating
  • Swimming
  • Others
Fitness and Recreational Sports Centers Market- Global Opportunity Analysis and Industry Forecast, 2017-2023 By Age Group
By Age Group
  • Aged 35 & Younger
  • Aged 35-54
  • Aged 55 & Older
Fitness and Recreational Sports Centers Market- Global Opportunity Analysis and Industry Forecast, 2017-2023 By Geography
By Geography
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Argentina
    • Africa
    • Saudi Arabia
    • UAE
    • Rest of LAMEA
Key Market Players
Key Market Players

GOLD’S GYM, TOWN SPORTS INTERNATIONAL HOLDINGS INC., 24 HOUR FITNESS USA, INC., LIFE TIME FITNESS, INC., PLANET FITNESS, INC., EQUINOX HOLDINGS, INC., VIRGIN ACTIVE LIMITED, MCFIT GLOBAL GROUP GMBH, KONAMI HOLDINGS CORPORATION (KONAMI SPORTS CLUB), CROSSFIT INC.

Analyst Review

Fitness and recreational sports centers are the facilities, which have equipment for exercise and physical fitness conditioning activities. The growth of the global fitness and recreational sports centers industry is driven by increase in youth population across the globe and shift in consumer preference towards better individual health. The international fitness chains and gyms have already started expanding their product and services to tap the developing markets to cater to the increasing customer requirements.

Many key players have adopted the franchising model to enter in the developing markets and to expand their client base. The fitness customers are mostly in the age group of 35 & younger, who majorly focus on personal esthetics and fitness. North America and Europe are anticipated to hold the major share in the global market during the forecast period. India is projected to witness significant growth in the Asia-Pacific market.

Author Name(s) : Akhila Prasannan | Roshan Deshmukh

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Fitness and Recreational Sports Centers Market

Global Opportunity Analysis and Industry Forecast, 2017-2023