Recreation Clubs Market Expected to Reach $91.4 Billion by 2031—Allied Market Research

According to a new report published by Allied Market Research, titled, “Recreation Clubs Market," The recreation clubs market size was valued at $48.9 billion in 2021, and is estimated to reach $91.4 billion by 2031, growing at a CAGR of 6.5% from 2022 to 2031.

The recreation club provides a break from everyday activities. It includes amusement parks, theme parks, casinos, and gambling, among others. Recreation club includes experiences that require physical activity and interactions and playing with other people. It makes leisure time more enjoyable.

The key Recreation Clubs Market Trends that fuel the recreation clubs market include an increase in consumers’ disposable income, the growth of the country club industry, and the trend of golf tourism, owing to the setup of golf courses across the world. However, factors such as busy work schedules leading to a lack of any leisure activity and high membership costs resulting in lower registrations impede the growth of the market.

Moreover, a rise in the trend of group fitness activities is projected to drive the growth of the recreation sports club market in the upcoming year. In addition, an increase in the young population willing to take up outdoor sports as a medium for their fitness is expected to be the major driver for recreation clubs. Furthermore, the rising popularity of leisure and sports activities has driven the development of recreation clubs.  The government initiatives towards health and fitness club are the major factor that will increase the demand for recreational sports clubs. Moreover, the rising popularity of golf, sports club, and yoga will encourage the market leader to invest in recreational sports clubs.

Moreover, the Rise in health costs is also a major factor driving the market. Increasing obesity and overweight encourage people to invest on sports clubs and yoga which significantly impact on recreation club.

The recreation sports market is segmented into category, age group, travelers type, and region. basis of category, the market is categorized into recreation sports clubs and non-sports recreation clubs. Non-sports recreation clubs are further segmented into arts & exhibition clubs and yoga recreation clubs. By age group, it is fragmented into baby boomers, generation X, millennials, and generation Z. Based on travelers type, the market is segmented into solo and group. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Russia, Spain, Italy, France, Netherland, Belgium, Germany, the UK, and rest of Europe), Asia-Pacific (China, Japan, Australia, South Korea, India, Thailand, Indonesia, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, Chile, UAE, Saudi Arabia, South Africa, Algeria, and rest of LAMEA).

By category, the recreation sports club segment is expected to dominate the recreation clubs market during the forecast period. Owing to rise in trend of group fitness activities is projected to drive the growth of recreation sports club segments during the forecast period. In addition, increase in young population willing to take up outdoor sports as a medium for their fitness is expected to be the major driver for recreation sports club.

Based on age group, millennial segment held the major Recreation Clubs Market Share with a CAGR of 6.1%. Owing to rising awareness about health benefits and to fight with obesity. Moreover, rising government’s initiatives for the provision of fitness equipment and personalized training program and rising disposable income of the consumer which boost the market growth.

Based on travelers type, the group segment is dominating the market share. Owing to factors such as the changes in men’s fitness habits and increasing health consciousness in the elderly population stimulating the demand for recreation club.

Based on region, North America held the major share in the market. Owing to increase campaign about health benefits and obesity was major cause to boost the recreation sports club market in this region, Moreover, the increasing disposal income and changing lifestyle will rise the growth of this market in this region.

The COVID-19 pandemic had a negative impact on the recreation clubs market growth. The closure pf country clubs, golf clubs, and waterparks along with the travel restrictions have severely damaged the recreation clubs market globally. The lockdown has harmed the workforce and resource availability, affecting the recreation clubs industry. Social distancing to reduce the curb of the virus affected the market during the COVID pandemic.

Key market players in the recreation clubs market are employing a number of marketing strategies to promote services among customers. New product launches, celebrity endorsements, partnerships, and social media marketing are a few of the strategies implemented by the top companies in the market. As a result, the market is expected to benefit from new and innovative marketing methods and rise in demand for recreation clubs. Furthermore, online discounts on recreation clubs are projected to boost its Recreation Clubs Market Demandduring the forecast period. The rise in popularity of golf among the affluent and upper-class population is expected to boost the product demand in the coming years. An increase in the number of golf courses as a result of surge in golf tourism is projected to stimulate the demand for the recreation clubs during the forecast period. Golf also provides numerous opportunities to socialize and spend quality time.

The major players operating in the recreation clubs industry include Bounds Green Bowls and Tennis Club, Braidwood Recreation Club, Bretton Woods Recreation Center, Calne Recreation Club, Carolina Country Club, Disneyland Paris, Jebel Ali Recreation Club, New York Yacht Club, Northwood Club, Stowmarket Meadlands Recreation Club, Tewkesbury Cruising & Sailing Club, The Lenches Sports and Recreation Club, Troydale Recreation Club Ltd, Tuckahoe Swim & Tennis Club, and Tumbleweed Recreation Center.

Key findings of the study

• In 2021, the recreation clubs market was valued at $48,848.0 million in 2021, and is projected to reach $91,436.0 million by 2031, registering a CAGR of 6.5%.
• In 2021, depending on category, the recreation sports clubs segment held the major share in the market in 2021.  
• In 2021, depending on age group, the millennials segment was valued at $194,99.0 million, accounting for 39.9% of the global recreational club market share.
• In 2021, the U.S. was the highest revenue contributor, accounting for $11,349.0 million in 2021, and is estimated to reach $19,483.0 million by 2031, with a CAGR of 5.6%.