Fitness and Recreational Sports Centers Market to Grow at over 7% through 2024
Rising health consciousness
among people along with increasing disposable income to drive global fitness
and recreational sports centers market through 2024
According to
TechSci Research report, “Global
Fitness and Recreational Sports Centers Market By Type, By Age Group, By
Region, Competition, Forecast & Opportunities, 2024”,
global
fitness and recreational sports centers market is projected to grow at a CAGR of over 7% during 2019-2024, on
the back of increasing health consciousness among people. In terms of age group, fitness and
recreational sports centers market is categorized into 30 years & younger,
31 years–50 years and 51 years & older. Among these age groups, the 31–50
years category accounted for a significant portion of global fitness and
recreational sports centers market in 2018. The growth of this category is
majorly attributable to the fact that the ageing population is encouraging
health and fitness clubs to widen their target demographic beyond the
traditional market of 30 years & younger. Industry operators are
gradually expanding their target market to include 31 years – 50 years old.
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Regionally, global fitness
and recreational sports centers market is categorized into North America,
Europe, Asia-Pacific, South America and Middle-East & Africa. Among
regions, North America was the largest market for fitness and recreational sports
centers globally in 2018. The region is further expected to witness steady
growth during forecast period as well on account of increasing number of people
suffering from obesity and rising awareness related to physical health.
Moreover, education regarding maintaining a healthy lifestyle is further
positively impacting the growth of fitness and recreational sports centers in
North America. Furthermore, North America has rich sports culture, especially
the US sports system is very well developed. The country provides one of the
best support systems for the upcoming athletes from a very young age, starting
from the school level to the professional one. As a result of this, people in
the age group of below 18 years are turning up to gymnasiums and swimming
centers to keep themselves in a proper shape to succeed in the pro level. Moreover,
most of the athletes in the US are endorsing various brands related to the
fitness industry which is encouraging people in the country to keep themselves
in good physical shape, which, in turn, is contributing to the growth of North
America fitness and recreational sports centers.
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“Global fitness and recreational sports centers market is
anticipated to register a steady growth over the course of next five years. Health-conscious
individuals are incorporating fitness into their daily regimen, owing to which
the market for fitness and recreational sports centers is witnessing growth. Moreover,
owing to rising per capita disposable income, more number of individuals can afford
to join gym, health and fitness club memberships which would further steer
growth in the market.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“Global Fitness and
Recreational Sports Centers Market By Type, By Age Group, By Region, Competition,
Forecast & Opportunities, 2024”, has evaluated the future
growth potential of global fitness and recreational sports centers market and
provides statistics and information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in global fitness and recreational sports centers market.
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