The growth of recreational services is motivated by factors such as a surge in the middle-class population, a shift in consumer preference toward better health, and an increase in obesity. Shift in Individual Preference Toward Well-being The trend of fitness emerged after the pandemic, which drives the market growth exponentially. The COVID-19 pandemic had a negative impact on industries during the lockdown because of restrictions and isolation guidelines across the world, but post-pandemic, people are getting more health conscious. Additionally, the industries’ business is highly dependent on seasons and weather of the location, which is a constraint for market players to do business in adverse weather conditions. The high investment costs for opening fitness centers, high membership fees, and a sedentary lifestyle are anticipated to hamper the market growth. These include clubhouses, locker rooms, athletic facilities, and other crucial community resources that are essential for volunteers to provide sports and active recreation activities to their communities. For example, in November 2022, the minister of tourism, innovation, and sport provided USD 75 million in disaster funds for sporting facilities in Queensland, Australia. The government’s support for health and fitness and the availability of a variety of equipment and personalized fitness training programs at fitness and recreation sports centers have supplemented the market growth. The rise in popularity of recreational sports facilities, including aerobics, swimming, and gyms, is attributed to increased awareness of the importance of exercise in the fight against obesity and other associated issues and is anticipated to create expansion prospects over time. Rising disposable incomes amongst people across different industry sectors and regions, a shift in consumer preference toward better health, increasing investments in amusement parks, growing online marketing, an increase in the incidences of obesity, and involvement in recreational and leisure activities are anticipated to gain prominence. The growing adult participation supports the recreation services market growth. ![]() They may help enhance mental and physical health by reducing stress, which is driving the adoption of these services in the market. ![]() ![]() The Recreational Services program offers fun-filled, health-promoting physical activity and is helpful to wellness and personal development. The Recreation Services Market size is expected to grow from USD 2.24 billion in 2023 to USD 2.98 billion by 2028, at a CAGR of 5.87% during the forecast period (2023-2028). 15, 2023 (GLOBE NEWSWIRE) - announces the release of the report "Recreation Services Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)".
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