Recreation is a pastime, diversion, exercise or other resource for relaxation and enjoyment. Recreational activities are often done for enjoyment, amusement or pleasure. Recreational activities include taking part in sporting activities and visiting museums, historical sites, zoos and parks and also witnessing spectator sports and events. Gambling except casino hotels can also be considered to be part of recreation market.
The global recreation market was valued at nearly $1 trillion in 2017. North America was the largest region in the recreation market in 2017, accounting for around 36% of the total market. The USA was the largest country in the market in 2017, accounting for around 30% of the total market.
It is difficult for a spectator or a fan to stand in queues for long durations to witness a sport or experience a ride or show in parks. Amusement parks and sports organizers are offering platforms to patrons for booking a ride or ticket using their mobile devices and apps to experience a ride or sport instead of standing in queues to buy a ticket.
The top five companies covered are Walt Disney Company, Las Vegas Sands, Universal Studios, MGM Resorts, and Merlin Entertainment Group. The Walt Disney Company was the largest company in the recreation market in 2017.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
The recreation market is segmented into Sports, Arts and Amusements.
Sports includes sports teams or clubs and independent athletes primarily involved in presenting sporting events before a paying audience.
Arts includes establishments that operate facilities or provide services for cultural, entertainment and recreational interests such as producing live performances or events, and preserving and exhibiting objects of historical interests of patrons.
Amusements includes establishments involved in providing facilities for recreation, amusement, and gambling activities, and operating sports teams, clubs, or leagues, involved in playing games for recreational purposes.