Global Fitness and Recreational Sports Centers Market – Introduction
Fitness and recreational sports centers are engaged in offering fitness and recreational sports services such as exercise, aerobic dance, racquetball, handball, gymnasium and tennis club facilities, physical fitness centers, ice or roller skating rinks, and swimming or wave pools.
Global Fitness and Recreational Sports Centers Market – Competition Landscape
Gold's Gym International, Inc.
Founded in 1965, Gold's Gym International, Inc. is headquartered in Dallas, Texas, U.S. and operates fitness and health clubs. The company provides group exercise, weight training, personal training, cardiovascular training, and yoga. The company also sells and markets fitness equipment, apparel, and nutritional products. Gold's Gym International, Inc. has a presence in over 700 locations, serving nearly 3 million people around six continents every day. The company provides both traditional and digital (such as 3D scanning technology) personal training options to gym users around the globe.
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The McFIT GmbH (RSG Group)
Incorporated in 1997, The McFIT GmbH (RSG Group) is based in Schlüsselfeld, Germany. The company offers fitness studio services and provides free weights, equipment training, box workout, endurance training, and other workouts. The company also offers various types of courses such as live courses (new), cyberobics, and open group workout. It has approximately 246 studios serving 1.4 million members in Germany, Italy, Austria, Spain, and Poland. In 2019, the company became part of RSG Group. The RSG Group ensures that fitness is an integral part of the active everyday life of people.
Town Sports International Holdings, Inc.
Based in New York, the U.S., Town Sports International Holdings, Inc. has experience of more than 46 years in health fitness clubs. The company offers basketball courts, pools, racquet sports, and several other recreational activities, as well as personal training, steam room and sauna, massage, fitness assessments, and sports clubs for kids. It has more than 100 clubs in 14 states in the U.S. and serves around 600,000 members across the country.
Major companies operating in the global fitness and recreational sports centers market are Gold's Gym International, Inc., Planet Fitness Franchising, LLC, Life Time, Inc., Town Sports International Holdings, Inc., Konami Sports, The McFIT GmbH (RSG Group), CrossFit, Inc., Equinox Fitness, SUNY Cortland Recreational Sports, MIT Recreation, 24 Hour Fitness USA, Inc., David Lloyd Leisure Ltd., and Schenectady JCC.
Global Fitness and Recreational Sports Centers Market – Driver
Shifting Consumer Preference Toward a Healthy Lifestyle
Increasing awareness about the benefits of a fit and healthy life is projected to drive the number of people in gyms and who take part in recreational sports, thus boosting the growth of the fitness and recreational sports centers market during the forecast period. Growing circumstances of obesity and lowering of bone density and increase in occurrence of osteoporosis have encouraged individuals to focus on their fitness and health. Moreover, rising disposable income of consumers is anticipated to drive the growth of the global fitness and recreational sports centers market throughout the forecast years.
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Global Fitness and Recreational Sports Centers Market – Segmentation
The global fitness and recreational sports centers market can be segmented based on:
Global Fitness and Recreational Sports Centers Market, by Type
In terms of type, the global fitness and recreational sports centers market can be divided into:
- Aerobic Dance
- Handball Sports
- Racquet Sports
Global Fitness and Recreational Sports Centers Market, by Age
Based on age, the global fitness and recreational sports centers market can be segregated into:
- Below 35
- Aged 35-54
- Above 54
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.