Global Participatory Sports Market Trends And Strategies Of Major Players In The Participatory Sports Market 2021-2030
4 Feb, 2021
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.
Global Participatory Sports Market Size And Drivers:
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 market is expected to reach $416.45 billion in 2025 at a CAGR of 8%. 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.
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Trends In The Global Participatory Sports Market
Gyms and the fitness clubs have started focusing on different age groups keeping the needs and preferences of consumers. 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:
The global participatory sports market is further segmented based on type, revenue source, ownership and geography.
By Type: Golf Courses And Country Clubs, Skiing Facilities, Marinas, Fitness And Recreational Sports Centers, Bowling Centers, Other Participatory Sports.
By Revenue Source: Membership, Merchandising, Others.
By Ownership: Chained, Standalone.
By Geography: The global participatory sports market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global participatory sports market, accounting for 35% of the total market.
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Participatory Sports Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides participatory sports market overviews, analyzes and forecasts market size and growth for the global participatory sports market, participatory sports market share, participatory sports market players, participatory sports market segments and geographies, participatory sports 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.