The Recreation Clubs Global Market Report 2023, provides comprehensive information on the recreation clubs market 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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As per The Business Research Company’s Recreation Clubs Global Market Report 2023, the global recreation club market is expected to grow from $47.88 billion in 2022 to $51.74 billion in 2023 at a compound annual growth rate (CAGR) of 8.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The recreation club market is expected to reach $67.94 billion in 2027 at a CAGR of 7%.
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Product innovation has emerged as a key trend gaining popularity in the recreation club market. Major companies operating in the recreation club market are concentrating on creating innovative products to strengthen their position in the market. For instance, in September 2022, Kemper Sports, a US-based golf course and hospitality management company, launched Kemper Sports Venues. A new business entity that will support and serve its growing network of facilities for youth and recreational sports. For athletes, parents, coaches, and guests, Kemper Sports Venues will provide exceptional sporting experiences at world-class facilities and new programming and events to its managed venues around the nation.
The recreation clubs market is segmented:
1) By Category: Recreational Sports Clubs, Non-Sports Recreational Clubs
2) By Age Group: Baby Boomers, Generation X, Millennials, Generation Z
3) By Travelers Type: Solo, Group
North America was the largest region in the recreation clubs market in 2022.
The table of contents in TBRC’s recreation clubs market report includes:
1. Executive Summary
2. Recreation Clubs Market Characteristics
3. Recreation Clubs Market Trends And Strategies
4. Recreation Clubs Market – Macro Economic Scenario
5. Global Recreation Clubs Market Size and Growth
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26. South America Recreation Clubs Market
27. Brazil Recreation Clubs Market
28. Middle East Recreation Clubs Market
29. Africa Recreation Clubs Market
30. Recreation Clubs Market Competitive Landscape And Company Profiles
Top Major Players:
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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