Global Recreation Clubs Market Forecast 2023-2032: Estimated Market Size And Growth Rate
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The global recreation club market is soaring to new heights, and its journey towards expansion is backed by the increasing participation of customers in recreational activities. From the mountains to the coastlines, this market is redefining the way we experience leisure and adventure.
Market Milestone: Unveiling the Growth
In 2022, the global recreation club market was valued at $47.88 billion. The future looks even more promising, with projections indicating that it will reach $51.74 billion in 2023, showing a remarkable compound annual growth rate (CAGR) of 8.1%. But the journey doesn’t end there, as the market is set to achieve even greater heights, with estimates suggesting it will touch $67.94 billion in 2027, maintaining a steady CAGR of 7%.
Unlocking Joy: Rising Customer Participation
What’s driving the success of the recreation club market is the surge in customer participation in recreational activities. These activities encompass a wide range of leisure pursuits typically enjoyed outdoors, often in natural settings. Not only do they offer joy and adventure, but they also provide numerous mental, social, and physical health benefits.
- Outdoor Recreation Uptick: In 2021, 54% of Americans aged six and older reported participating in outdoor recreation at least once, as reported by the Outdoor Industry Association. Moreover, there was a 6.9% increase in outdoor participation from 2020 to 2021, with 3.5 million more people joining in. This enthusiasm saw a record 6.8 million Americans experiencing outdoor activities for the first time in 2021.
Market Leaders: The Architects of Experience
The key players in the recreation clubs market are the architects of leisure and adventure, offering unique and memorable experiences that resonate with their members.
- Diverse Offerings: Major players in this market include 39 Monte Carlo, Disneyland, The Arts Club, Soho House, The Battery, and many more. They cater to a diverse range of interests, ensuring there’s something for everyone.
Innovation in Fun: A Growing Trend
In the recreation club market, innovation is a driving force that is shaping the future. Major companies are leveraging new technologies and ideas to enhance the overall experience for their customers.
- A New Era for Sports Facilities: Kemper Sports, a renowned golf course and hospitality management company, introduced Kemper Sports Venues in September 2022. This new business entity is dedicated to providing exceptional sporting experiences, programming, and events at world-class facilities to athletes, parents, coaches, and guests at its managed venues across the nation. It represents a step forward in delivering enhanced sporting experiences.
Market Segmentation: Meeting Diverse Needs
The recreation club market caters to a wide range of customers by offering various options and experiences. It is segmented based on multiple factors.
- By Category: The market can be divided into recreational sports clubs and non-sports recreational clubs, each offering distinct experiences.
- By Age Group: Targeted towards Baby Boomers, Generation X, Millennials, and Generation Z, these clubs ensure there’s something for every generation.
- By Travelers Type: Whether you prefer to embark on solo adventures or are part of a group, the market is adaptable to your preferences.
A Global Phenomenon: Market Dynamics
In 2022, North America led as the largest region in the recreation club market. As we move forward, the Asia-Pacific region is set to become the fastest-growing region in the forecast period, showcasing the universal appeal of leisure and recreation.
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The Recreation Clubs Global Market Report 2023 provides comprehensive insights on the recreation clubs market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the recreation clubs market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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