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 Business Research Company's seminal Participatory Sports Global Market Report for the year 2023, the landscape of this dynamic industry has witnessed a commendable expansion. The market burgeoned from a valuation of $312.33 billion in the preceding year to a notable $326.80 billion in the year under review, reflecting a judicious compound annual growth rate (CAGR) of 4.6%. However, this growth trajectory was not devoid of challenges, as the unfortunate confluence of geopolitical events, most notably the Russia-Ukraine war, cast a pall over the global economic recovery efforts postulated in the wake of the COVID-19 pandemic, particularly in the short term.
The repercussions of this conflict reverberated across international borders, manifesting in economic sanctions levied against multiple nations, a palpable surge in commodity prices, and a cascade of supply chain disruptions. These multifaceted impacts precipitated inflationary pressures across diverse sectors, subsequently exerting a palpable influence on global markets, including the participatory sports domain. Notwithstanding these challenges, the indomitable spirit of this market is anticipated to persist, with a projected market size of approximately $390.28 billion by the year 2027, marching forward with a robust 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
In the realm of fitness and well-being, gyms and fitness clubs are orchestrating a paradigm shift by tailoring their offerings to cater to the distinct needs and preferences of diverse age groups, spanning the demographic spectrum from 20 to 65 years. Recognizing the unique physical fitness requisites of each age cohort, establishments are crafting bespoke exercise regimens. For the younger demographic, characterized by vitality and vigor, the emphasis lies on intense muscle-building exercises such as pull-ups, dumbbell bench presses, and barbell curls. In stark contrast, the older age groups, marked by a nuanced understanding of their physical limits, are gravitating towards high-impact traditional cardio workouts and low-impact fitness classes, such as yoga and tai chi.
This strategic pivot in the fitness landscape is underscored by an eagerness among gyms and fitness clubs to broaden their appeal, offering a panoply of fitness programs designed to captivate both the youth and the more seasoned clientele. A noteworthy illustration of this trend is exemplified by Sportyze, an Indian-based chain of Kids Gym, which, in a prescient move in September 2021, launched a comprehensive suite of online offerings. This initiative was conceived not only to transcend geographical constraints but also to facilitate easier access for a broader spectrum of children, thereby democratizing the availability of fitness services. This online extension seamlessly integrates with Sportyze's existing offline services, fostering a holistic approach to fitness and well-being.
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
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The Business Research Company published its Participatory Sports Global Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the global participatory sports market.
The report covers the Participatory Sports market’s segments- golf courses and country clubs, skiing facilities, marinas, fitness and recreational Sports Centers, bowling centers, others.View Complete Report: https://www.thebusinessresearchcompany.com/report/participatory-sports-global-market-reportParticipatory Sports Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country.
It also compares the market’s historic and forecast growth.
It covers all the regions, key developed countries and major emerging markets.
Popular combined fitness formats include cycling and boxing, treadmill running and strength training and rowing and body weight training.
The Business Research Company published its Participatory Sports Global Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the global Participatory Sports market.
The report provides in-depth analysis of the impact of COVID-19 on the market, along with revised market numbers due to the effects of the coronavirus.The report covers the participatory sports market’s segments- 1) By Type: Golf Courses And Country Clubs, Skiing Facilities, Marinas, Fitness And Recreational Sports Centers, Bowling Centers, Others - Participatory Sports2) By Revenue Source: Membership, Merchandising, Others3) By Ownership: Chained, Standalone.
View Complete Report:https://www.thebusinessresearchcompany.com/report/participatory-sports-global-market-report-2020-30-covid-19-impact-and-recoveryParticipatory Sports Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market.
The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it.
The market is then expected to recover and grow at a CAGR of 9% from 2021 and reach $384.5 billion in 2023.Fitness and health clubs are offering instructor-led group fitness classes combining workout formats.
