At what pace is the recreation market growing, and what is its estimated value?
The recreation market size has grown strongly in recent years. It will grow from $1677.97 billion in 2024 to $1792.57 billion in 2025 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to leisure time availability, economic conditions, demographic trends, urbanization, government policies.
The recreation market size is expected to see strong growth in the next few years. It will grow to $2221.82 billion in 2029 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to virtual and augmented reality experiences, wellness and mindfulness, sustainable recreation, personalized leisure experiences, inclusive recreation. Major trends in the forecast period include outdoor adventure tourism, experiential tourism, digital detox retreats, culinary and food tourism, community-based recreation programs.
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What key drivers have fueled the recreation market’s development over the years?
The recreation market growth is aided by stable economic growth forecasted in many developed and developing countries. For instance, according to TRADING ECONOMICS, a US-based provider of economic data, In 2023, the United States had a GDP of approximately $27.36 trillion, representing about 25.95% of the global economy, with an annual growth rate of 2.90% and a GDP per capita of $65,020.35. This continued economic growth is expected to increase investments in the end-user markets and be a driver of the recreation market as greater affluence allows consumers to visit recreation centers.
What is the segmentation for the recreation market?
The recreation market covered in this report is segmented –
1) By Type: Amusements, Arts, Sports
2) By Age Group: Aged 35 and Younger, Aged 35-54, Aged 55 and Older
3) By Revenue Source: Media Rights, Merchandising, Tickets and Sponsorship
Subsegments:
1) By Amusements: Theme Parks, Water Parks, Arcade Games
2) By Arts: Performing Arts, Visual Arts, Cultural Events
3) By Sports: Team Sports, Individual Sports, Recreational Activities
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Who are the most influential companies in the recreation market?
Major companies operating in the recreation market include The Hong Kong Jockey Club, The Walt Disney Company, China Sports Lottery, China Welfare Lottery, Sociedad Estatal Loterías y Apuestas del Estado S.A., Flutter Entertainment plc, Cinemark Holdings Inc., Tabcorp Holdings Ltd., Cineworld Group plc, Compagnie du Mont-Blanc S.A., Compagnie des Alpes S.A., Oriental Land Company Ltd., Cinplex Inc., Gym Group plc, City Sports & Recreation plc, Club de Futbol Intercity SAD, Guangzhou Jinyi Media Corp. A, Guangdong Jinma Entertainment Corp. Ltd., Grupo Sports World S.A.B. de C.V., Creative China Holdings Ltd., Herschend Family Entertainment Corp., Hall of Fame Resort & Entertainment Co., Country Club Hospitality & Holidays Ltd., Maruhan Corp., City Pulse Multiplex Ltd.
What are the top industry trends projected to impact the recreation market?
Amusement parks are increasingly using virtual and augmented reality technology to provide an immersive experience to customers. Virtual reality is a 3D, computer-generated environment that can interact with a person, whereas augmented reality turns an environment into a digital interface by placing virtual objects in the real world. Amusement parks are implementing this technology in rides and theater-based attractions. For instance, Plopsaland De Panne in De Panne, Belgium has a new virtual reality wooden roller coaster called Heidi The Ride, which can reach speeds of more than 43 mph. Amusement park SeaWorld has started operating a new Kraken Virtual Reality Roller Coaster in Orlando. The Weave Breaker coaster brings the reality of jet skiing in an amusement park. Universal Studios have The Walking Dead mazes with augmented reality elements.
What are the major regional insights for the recreation market, and which region holds the top position?
The countries covered in the recreation market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
What Does The Recreation Market Report 2025 Offer?
The recreation market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Recreation refers to all the activities that people choose to refresh their minds and bodies and make their free time more enjoyable and interesting. Recreation improves concentration skills and the ability to manage anxiety and stress. Enhanced social skills develop skills such as cooperation and teamwork, and a great way to have fun, meet new people and develop friendships.
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