NEW YORK, Oct. 3, 2023 /PRNewswire/ — The fitness and recreational sports centers market is estimated to grow by USD 88.61 billion from 2022 to 2027, growing at a CAGR of 9.97%. The fitness and recreational sports centers market is fragmented owing to the presence of many global and regional companies. A few prominent companies that offer fitness and recreational sports centers market are 24 Hour Fitness USA LLC, CrossFit LLC, Crunch LLC, Curves NA Inc., David Lloyd Leisure Ltd., Diverse Retails Pvt. Ltd., Equinox Holdings Inc., Fitness First India Pvt. Ltd., Konami Group Corp., Life Time Inc., Lift Brands Inc., Planet Fitness Inc., RSG Group GmbH, Self Esteem Brands LLC, The Gym Group plc, The Little Gym International Inc., Ultimate Fitness Group LLC, Virgin Active Ltd., and Youfit. The report provides a full list of key companies, their strategies, and the latest developments. Download a FREE Sample before buying
- CrossFit LLC: The company offers fitness and recreational sports centers such as Crossfit Blackfire.
- For details on companies and their offerings – Buy the report!
By Geography, the market is classified as North America, APAC, Europe, Middle East and Africa, and South America. APAC will have the largest share of the market.
APAC will contribute 40% to the growth of the global market during the forecast period. Another main region offering significant growth opportunities to companies includes North America. Factors such as the rise in the elderly population joining fitness and recreational sports centers, coupled with technologically innovative fitness equipment specially designed for elder end-users. are fuelling the growth of the global fitness and recreational sports centers market in North America. For example, the SciFit AC5000M Clinical Grade Treadmill is a treadmill particularly designed for older adults offering them easy access, heart-rate monitors, low starting speed, and low sized platform. In addition, there are several launches of smart and innovative equipment, including heart-rate interactive treadmills. by many prominent market players in the global fitness and recreational sports centers market in North America. Canada is one of the main countries in North America significantly contributing to the market due to factors such as a rise in health consciousness and government initiatives to promote fitness activities that are fuelling the demand for fitness and recreational sports centers in the region. Therefore, such factors are driving the market growth in the region during the forecast period.
Download FREE sample report to get more insights on the market share of various regions and the contribution of the segments.
- Impactful driver- Surge in healthcare costs
- Key Trend – Growing online fitness training
- Major Challenges – The high attrition rate among fitness center’s subscribed members
The market share of men segment is significant during the forecast period.
Technavio Research experts has provided more insights on the market share of segments – View a FREE Sample Report
- How do the major trends impact the market?
- How big is the APAC market?
- How do the key drivers and challenges impact the market?
The bowling centers market size is estimated to grow at a CAGR of 4.18% between 2022 and 2027. The market size is forecast to increase by USD 2,875.25 million. This bowling centers market report extensively covers market segmentation by material (synthetic lane, wooden lane, and guardian lane), service (bowling, amusement, food, and beverages), and geography (North America, Europe, APAC, South America, and Middle East and Africa). Expansion by established players is the key factor driving the growth of the market.
The business travel market size is estimated to grow at a CAGR of 24.42% between 2023 and 2027. The market size is forecast to increase by USD 1,535.23 billion. This business travel market report extensively covers market segmentation by application (marketing, internal meeting, trade show, and product launch), type (travel fare, lodging, dining, and others), and geography (APAC, Europe, North America, South America, and Middle East and Africa). Growing technological advances are driving growth in key business travel.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Age Group
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Company Landscape
12 Company Analysis
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
View original content to download multimedia:https://www.prnewswire.com/news-releases/fitness-and-recreational-sports-centers-market-size-to-grow-by-usd-88-61-billion-from-2022-to-2027–24-hour-fitness-usa-llc-crossfit-llc-crunch-llc-to-be-key-players-of-the-market–technavio-301944284.html