Recreation clubs refer to a location with all necessary amenities where people can gather for social and recreational activities. Recreation clubs are used for relaxation and stress relief, offering amenities such as saunas, hot tubs, and massage services.
Sizing and Forecast
The recreation clubs market size has grown strongly in recent years. It will grow from $51.74 billion in 2023 to $55.8 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to leisure time increase, rising disposable income, population growth, urbanization, social networking.
The recreation clubs market size is expected to see strong growth in the next few years. It will grow to $72.97 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to personalized experiences, sustainability initiatives, work-life balance prioritization, community engagement, inclusive programming. Major trends in the forecast period include technology integration, virtual recreation experiences, hybrid membership models, wellness retreats and programs, fitness technology integration.
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Segmentation & Regional Insights
The recreation clubs market covered in this report 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 club market in 2023. The regions covered in the recreation clubs market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The rising customer participation in recreational activities is expected to propel the growth of the recreational club market going forward. Recreation activities refer to leisure activities that are performed outside, usually in natural environments. Increasing participation in recreational activities positively affects individuals’ mental health, social and emotional states, and body composition and can bring various social health benefits. For instance, in January 2022, according to the Outdoor Industry Association, a US-based non-profit organization, in 2021, 164.2 million, or 54% of Americans aged six and older, reported engaging in outdoor recreation at least once. Further, the outdoor participation base has increased with a net increase of 3.5 million more people participating in outdoor activity in 2021. Additionally, a record 6.8 million Americans participated in outdoor activities for the first time in 2021. Therefore, rising customer participation in recreational activities is driving the growth of the recreational club market.
Key Industry Players
Major companies operating in the recreation clubs market report are 39 Monte Carlo, The Lenches Sports and Recreation Club, Disneyland, The Arts Club, Soho House, The Hurlingham Club, Carolina Country Club, The Battery, The Tanglin Club, New York Yacht Club, Northwood Club, CORE: Club, 5 Hertford Street, Monte-Carlo SBM, The Carnegie Club at Skibo Castle, Universal Studios Hollywood, Silencio, Yellowstone Club, Palazzo Tornabuoni, The AllBright, Urban Air Adventure Park, Yacht Club de Monaco, The Club at The Ivy, Braidwood Recreation Club, Troydale Recreational Club Ltd.
The recreation clubs market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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