The Participatory Sports Global Market Report 2023 by The Business Research Company, provides participatory sports market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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In accordance with the insights gleaned from The Business Research Company’s Participatory Sports Global Market Report for the year 2023, the market underwent a notable expansion, progressing from an esteemed valuation of $312.33 billion in 2022 to a commendable $326.80 billion in 2023. This positive trajectory is underscored by a robust compound annual growth rate (CAGR) of 4.6%. However, this ascendancy is not bereft of external challenges, as the ramifications of the Russia-Ukraine conflict cast a shadow over the prospect of global economic resurgence following the COVID-19 pandemic, particularly in the immediate aftermath. The ensuing hostilities have precipitated economic sanctions affecting multiple nations, an escalation in commodity prices, and consequential disruptions within the global supply chain. These events have collectively engendered inflationary pressures across a spectrum of goods and services, thereby exerting a pervasive influence on various markets across the international landscape. Projections indicate that the global participatory sports market is poised for a further augmentation, reaching a projected valuation of $390.28 billion by the year 2027, propelled by a CAGR of 4.5%.
Fitness and health clubs are offering instructor-led group fitness classes combining workout formats. These combined formats mix traditional exercises to make exercising fun for people. Popular combined fitness formats include cycling and boxing, treadmill running and strength training, rowing and bodyweight training, battle rope training, and high-intensity interval training (HIIT).
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The participatory sports market is segmented:
1) By Type: Golf Courses And Country Clubs, Skiing Facilities, Marinas, Fitness And Recreational Sports Centers, Bowling Centers, Other Participatory Sports
2) By Revenue Source: Membership, Merchandising, Other Revenue Souces
3) By Ownership: Chained, Standalone
Top 5 Major Players:
- Maruhan
- Life Time Fitness, Inc
- Heiwa Corporation
- Konami Holdings Corporation
- Town Sports International Holdings, Inc.
Against this backdrop, the fitness industry has discernibly adapted its approach, with gyms and fitness clubs strategically tailoring their offerings to cater to diverse age demographics, diligently addressing the distinctive physical fitness requisites of individuals aged between 20 and 65 years. This strategic pivot aligns with the understanding that the fitness needs of younger cohorts necessitate rigorous muscle-building regimens, exemplified by exercises such as pull-ups, dumbbell bench presses, and barbell curls. Conversely, the fitness requisites of older demographics lean toward high-impact traditional cardio workouts and low-impact fitness modalities such as yoga and tai chi. To meet this nuanced demand, gyms and fitness clubs have proactively diversified their portfolios, unveiling a plethora of fitness programs designed to resonate with both the youthful and elderly consumer cohorts.
A noteworthy exemplar of this industry trend is evidenced by Sportyze, an Indian-based chain of Kids Gyms, which, in a strategic move in September 2021, ventured into the digital realm, expanding its reach to a broader audience. This online initiative not only facilitates wider access but also enhances convenience for children to avail themselves of Sportyze’s services, augmenting their fitness journey through an amalgamation of online and offline offerings.
The participatory sports market report table of contents includes:
1. Executive Summary
2. Report Structure
3. Participatory Sports Market Characteristics
4. Participatory Sports Market Product Analysis
5. Participatory Sports Market Supply Chain
…
21. Key Mergers And Acquisitions In The Participatory Sports Market
22. Market Background: Sports Market
23. Recommendations
24. Appendix
25. Copyright And Disclaimer
List Of Tables:
Table 1: Historic Market Growth, Value ($ Billion)
Table 2: Forecast Market Growth, Value ($ Billion)
Table 3: Global Participatory Sports Market, 2022, By Region, Value ($ Billion)
Table 4: Global Participatory Sports Market, 2017-2022, 2022-2027F, 2032F, Historic And Forecast, By Region
Table 5: Global Participatory Sports Market, Growth And Market Share Comparison, By Region
….
Table 128: Global Sports Market, 2017-2022, 2022-2027F, 2032F, Historic And Forecast, By Region
Table 129: Global Sports Market, 2017-2022, 2022-2027F, 2032F, Segmentation By Type, Value ($ Billion)
Table 130: Global Participatory Sports Market In 2027- Growth Countries
Table 131: Global Participatory Sports Market In 2027- Growth Segments
Table 132: Global Participatory Sports Market In 2027- Growth Strategies
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