Fitness and Recreation Sports Centers Market

Portland, or, United States, November 19, 2021 / – The increase in group fitness trends is expected to boost yoga and aerobic dance classes in the near future. In addition, the increase in the number of young people willing to engage in outdoor sports as a moderate exercise is expected to be a major factor in handball and racket sports.

In a new report published by Allied Market Research, entitled Fitness and Recreation Sports Centers Market Global Opportunity Analysis and Industry Forecast by Type and Age Group, 2017-2023 “Global Fitness and Recreation Fitness Market Strength Estimated at $ 83,680 Million in 2016 Market dominated, gaining more than a third in 2016.

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Awareness of fitness benefits is expected to increase the number of individuals in the gym, thus boosting the market for general fitness and recreation centers. In addition, obesity and the proliferation of osteoporosis and bone density have led people to focus on health and fitness. Consumer income growth is also expected to boost the global fitness and leisure industry industry during the forecast period.

Gymnasium It will play a major role in the global market in 2016 and is expected to dominate by the end of the forecast period.

This age group occupies a major position, with people under the age of 35 expected to make a significant contribution to the global market in 2016. Moreover, an increasing number of individuals are going to the gym to avoid the effects of overcrowding.
Many international corporations have already installed in-house fitness centers on the office premises, which will encourage market growth. Moreover, the hospitality industry and residential communities are following a similar trend. In addition, international fitness chains have taken franchise ways to hit emerging markets such as India, Indonesia and China, which are expected to provide significant opportunities for market expansion.

Extensive analysis of how the CVD-19 epidemic is affecting the fitness and recreation centers in the market

Fitness & Recreation Sports Centers Market Key Findings and Limitations

In terms of price, the handball division is expected to grow rapidly during analysis.
North America It is expected to hold the lead by 2023, with a CAGR of 3.1%.
In terms of price, the aerobic dance segment accounted for 10.2 percent of the total market in 2016.
China In 2016, it took over 32.0% of Asia-Pacific Fitness and Recreation Sports.
In terms of price, the UK is expected to grow by 5.8% CAGR in the European Union.

A.D. In 2016, North America and Europe accounted for 68.0% of the total fitness and recreation centers market. However, the market share is expected to decline at the end of the forecast period. In addition, the growth of the middle-class population in Asia-Pacific is expected to boost market growth in the region.

The major companies mentioned in the report are 24 Hour Fitness, Equinox, Gold Gym, Planet Fitness, Life Fitness, Town Sports International, Fitness First and Virgin Active, Konami Sports Club, McFit and CrossFit Inc.

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About the Coalition Market Study:

Allied Market Research (AMR) is a branch of Allied Analytics LLP, a full-service market research and trading consultant based in Portland, Oregon. Allied Market Research provides unparalleled “market research reports” and “business intelligence solutions” for international enterprises as well as medium and small businesses. AMR aims to provide business insights and consulting services to enable their clients to make strategic business decisions and achieve sustainable growth in their respective market segments. AMR provides services in 11 industry sectors, including life sciences, consumer goods, materials and chemicals, construction and manufacturing, food and beverage, energy and energy, semiconductor and electronics, automotive and transport, ICT and media, aerospace and defense and BFSI.

We are in a professional corporate relationship with various companies and this will help us to generate accurate research data and to provide market information that will ensure accurate accuracy in our market forecasts. Each and every one of our reports is published in interviews with senior executives of relevant domain companies. Our secondary data acquisition method involves in-depth online and offline research and discussions with knowledgeable experts and analysts in the industry.

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