The Global Participatory Sports Market Report by The Business Research Company covers participatory sports market drivers and restraints, participatory sports market size, major players, and the impact of COVID-19 on the participatory sports market.
The participatory sports market consists of sales of participatory sports services and related goods by entities (organizations, sole traders and partnerships) that operate golf courses and country clubs, skiing facilities, marinas, fitness and recreational sports centers, and bowling centers. Participatory sport revenues come from participants and player attendants. This market includes sales from entry fees, merchandise and other related goods and services. The participatory sports market is segmented into golf courses and country clubs, skiing facilities, marinas, fitness and recreational sports centers, bowling centers and other participatory sports.
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 body weight training, battle rope training and high intensity interval training (HIIT). This enables fitness trainers to effectively engage members during the exercise. These fitness formats enhance the workout experience and produce better results than traditional exercises.
The global participatory sports market is expected to grow from $279.8 billion in 2020 to $308.17 billion in 2021 at a compound annual growth rate (CAGR) of 10.1%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $416.45 billion in 2025 at a CAGR of 8%.
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Some participatory sports market trends include gyms and fitness clubs focusing on different age groups, keeping the needs and preferences of consumers in mind. The age groups between 20-65 years have different physical fitness needs. The younger age groups need intense muscle building exercises such as pull-ups, dumbbell bench press, and barbell curls, while the older age groups need high impact traditional cardio workouts, and low impact fitness classes such as yoga and tai chi. The gyms and the fitness clubs have started to offer range of fitness programs to attract young as well as the older consumers.
Global participatory sports market segments include:
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, Others.
3) By Ownership: Chained, Standalone.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Participatory Sports Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides participatory sports market overviews, analyzes and forecasts market size, share, participatory sports market players, participatory sports market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The participatory sports market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Participatory Sports Global Market Report 2021: COVID-19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: Brunswick Bowling, Ebonite, Murrey International, QUBICAAMF, 24 Hour Fitness.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030).
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Participatory Sports Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Participatory Sports Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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Global Sports Market – By Type (Participatory Sports, Spectator Sports), By Revenue (Media Rights, Sponsorship, Merchandising And Tickets), And By Region, Opportunities And Strategies – Global Forecast To 2030