How Global Participatory Sports Market Players Should Strategize For 2022-2031

3 Mar, 2022

The global participatory sports market size is expected to grow from $227.92 billion in 2021 to $319.96 billion in 2022 at a compound annual growth rate (CAGR) of 40.4%. The growth in the market 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 participatory sports market is expected to reach $435.85 billion in 2026 at a CAGR of 8%.

What is the Global 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.

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What drives the Global Participatory Sports Market?

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. Hashing, ZUU, Clubbercise, Gorilla Circus and Zumba step are common combined fitness formats.

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Global Participatory Sports Market Segments
The global participatory sports market is segmented:
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 regions covered in the participatory sports market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Participatory Sports Global Market Report 2022provides market size and growth forecasts for the global participatory sports market, global participatory sports market share, participatory sports market segments and geographies, participatory sports market competitive landscape including 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.

Global Participatory Sports Industry Playersinclude Maruhan, Life Time Fitness, Inc., Heiwa Corporation, Konami Holdings Corporation, Town Sports International Holdings, Inc., Accordia Golf, Compagnie des Alpes, Planet Fitness, LLC, Ardent Leisure Group Ltd and The Gym Group PLC. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.