The Participatory Sports Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Participatory Sports Global Market Report 2024, The participatory sports market size has grown strongly in recent years. It will grow from $309.07 billion in 2023 to $324.53 billion in 2024 at a compound annual growth rate (CAGR) of 5.0%. The growth in the historic period can be attributed to sports culture, infrastructure development, sponsorship and endorsements, health and fitness trends, community engagement.
The participatory sports market size is expected to see strong growth in the next few years. It will grow to $394.7 billion in 2028 at a compound annual growth rate (CAGR) of 5.0%. The growth in the forecast period can be attributed to virtual sports experiences, data-driven personalization, sustainable sports practices, diversity and inclusion initiatives, health tech integration. Major trends in the forecast period include fan engagement technology, technology integration, fitness technology integration, social connectivity, gamification of fitness.
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 bodyweight 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 steps are common combined fitness formats.
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The participatory sports market covered in this report is segmented –
1) By Type: Golf Courses And Country Clubs, Skiing Facilities, Marinas, Fitness And Recreational Sports Centers, Bowling Centers, Other Participatory Sports
2) By Revenue Source: Membership, Merchandising, Other Revenue Souces
3) By Ownership: Chained, Standalone
Major companies operating in the participatory sports market are focusing on developing innovative technologies, such as body insights technology, to provide reliable services to customers. Body insights technology is a broad term that refers to any technology that can be used to gain insights into the human body to track heart rate and activity levels. For instance, in June 2023, Prism Labs, a US-based provider of 3D body maps, launched 3D body mapping technology. It is a specially created technology that allows users to monitor fitness progress using a cell phone, offering insights far more telling of advancement than a scale’s reading. It improves user experience and accuracy, and the Prism scanning system effortlessly integrates the iPhone’s high-end camera characteristics for skeletal tracking. It also simplifies integrating with fitness and wellness products such as Tempo via its mobile SDK.
The participatory sports market report table of contents includes:
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