Global Fitness and Recreational Sports Centre Market - 2021-2028
|出版日期||内容资讯||英文 180 Pages
|健身、休闲体育中心的全球市场:2019年～2026年 Global Fitness and Recreational Sports Centre Market - 2021-2028|
|出版日期: 2021年06月23日||内容资讯: 英文 180 Pages||
The Global Fitness and Recreational Sports Centres Market are expected to grow at a high CAGR of XX% during the forecasting period (2021-2028).
Fitness and Recreational Sports centre are places which have spaces and equipments that are desired by people for their recreational and fitness purpose. Gymnasium centres, sport centres like football, basketball, rowing and others are examples of places preferred by people for their leisure.
Rise in Youth Population and health awareness
One of the factors driving the market is the global rise in youth population and the increase in health awareness among people of every age. As per the 2020 report by United Nations, estimates indicate that the youth population (people of age 15-24 years) is around 1.20 billion which accounts for 15.5 per cent of the global population. And with the global rise in population 0f the world, the figure is going to rise for the forecast period (2021-2028), thus driving the demand for fitness centres. As per another report by United Nations, 56.2% of the global population resides in the urban cities. This rise is due to urbanisation of many towns and the shift of population to major cities. With urbanisation, it becomes difficult to maintain healthy lifestyle by conventional ways, therefore people prefer gyms and recreational centres. An evidence to support this fact is that number of gyms as per a 2020 report were 205 thousand indicating a increase of 12.11% from 183 thousand in 2014.
Additionally, as per the latest report by IHRSA (International Health, Racquet and Sportsclub Association) the number of health club visits has increased from 4.3 billion in 2008 to 6.1 billion visits in 2018 indicating a 41.86 % increase. The increase in the cases of obesity and its health problems increases awareness among people. According to an 2021 article by WHO, worldwide obesity has nearly tripled since 1975, in 2016, more than 1.9 billion adults, were overweight of which over 650 million were obese and most of the world's population live in countries where overweight and obesity is a greater killer than underweight. The global crisis has also compelled people to take their health more seriously.
However, the growth of the global Fitness and Recreational Sports Centres market is impacted by factors such as high cost associated with fitness equipment and high maintenance and operational costs of the facilities.
Covid-19 Impact Analysis
The global crisis-imposed lockdown all over the world, causing a huge loss in revenue for the gym establishments all over the world. For instance, according to a report by IHRSA, 17% of fitness facilities and studios in the US permanently closed their doors by the end of 2020 and about 1.4 million or 44% of gym employees lost their job because of COVID-19. However, as the world is reopening the number of enrolments has risen for the year 2021 owing to the online/ in person workouts and health consciousness due to the virus. For instance, the gym industry in the US is expected to face growth for the year 2021.
The market is segmented based on the type, as gymnasiums, yoga, handball sports, racquet sports, skating, swimming, others.
Among all of the types, gymnasiums have always dominated the market and is also expected to dominate the market for the forecast period despite the global pandemic. Its old association with fitness culture, popularity and availability of a variety of equipments in one place make it the first choice for health-conscious people. According to a survey by Hindustan times in India, 75% of the people are going to return to pre-pandemic routine and actual gym, while also keeping the option of virtual assistant in case the pandemic persists for a long time. Likewise the similar cases are expected to be forseen in the US, Canada, and Europe nations.
The ongoing pandemic has also enhanced the market for home workout options like Yoga. According to ClassPass, an American Fitness Company, Yoga was the most preferred form of home workout, owing to the mental issues caused by work from culture, and it has shown the best positive result for mental health. This is also expected to compel the fitness centre to include more special Yoga Centres.
The Global Fitness and Recreational Sports centres Market is segmented into North America, Europe, Asia Pacific, South America, and the Middle East and Africa.
The North America dominates the market as US has the highest number of gym members and highest number of gyms in the world. The people in the region have great concern over health and fitness and Covid-19 has done nothing but increased health consciousness. The rising disposable incomes coupled with increasing spending's on fitness and Recreational sports centres by people of the US drives the market. According to a report by runrepeat , there are 41,370 locations of Gym, Health & Fitness Clubs businesses in the US as of 2021. According to the IHRSA's 2020 report, The U.S. leads all markets in memberships with 64.2 million members, 41,370 facilities, and revenue of US$35 billion for 2019 .The next in the list were Germany and UK each having a revenue of roughly 6.2 billion dollars. The difference indicates the dominance of North America in the market. The presence of well-established fitness infrastructure, an increase in health club visits individuals, and a rapid surge in fitness center establishments across the region are the drivers of this region and it is projected that as the effect of pandemic minimises , the market in the region is going to face a surge.
The key players that influence the market are 24 Hour Fitness, Equinox, Gold Gyms, Plant Fitness, Lifetime Fitness, Town sports international, Konami Sports Club, McFit, CrossFit Inc and David Lloyd Leisure Ltd. However, as per SEP 2020, the pandemic has compelled players like 24 Hour Fitness, Gold's Gym and Town Sports International to file for bankruptcy.
New product launches, expansion of facilities, mergers, and acquisitions, and strategic partnerships are vital strategies adopted by most of the companies to contribute to the growth of the company and improve their market growth rate.
For instance, in April 2021, Jonson Health Technology, one of the world's largest and fastest-growing fitness equipment manufacturers, highlighted its Matrix Connected Solutions, which provides a complete digital ecosystem that gives health and fitness club owners the flexibility they need to accomplish their specific goals, and introduced its latest fitness equipment including a Matrix Performance Plus Treadmill that surpasses the current standard of comfort and reliability, and the Performance Ascent Trainer, which offers a full-body, low-impact workout that drives results.
Another instance, in January 2019, Fitness and wellness product manufacturer Dyaco had launched a new line of medical and rehabilitation equipment as part of a global brand licensing agreement with Philips.