Press release
Recreation Clubs Market Size, Share Analysis, Growth Trends And Global Forecast To 2033
Recreation Clubs Market
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.
Market Overview -
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.
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Thriving Recreational Club Market Fueled By Soaring Customer Engagement In Outdoor Activities
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.
Competitive Landscape -
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.
Innovative Product Offerings Propel Growth In The Dynamic Recreation Club Market Landscape
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.
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Key Segments -
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
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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