What is Recreation Service?
The global recreation service market is expected to witness high demand in the forecasted period due to the increasing disposable income of the middle-class population across the globe. All services related to athletic or entertainment participation events and/or activities, including but not limited to pool, golf, billiards, skating, tennis, bowling, health/athletic club memberships, coin-operated amusement devices, video games, and video club memberships, are considered recreation services. The growth of the recreation sector is encouraged by the expected economic growth in many developed and emerging countries. The recreation sector is anticipated to develop even more when commodities prices recover. Developed economies are predicted to increase at a steady pace over the forecast period. Furthermore, during the forecast period, emerging markets are expected to grow slightly faster than developed markets.
|High Growth Market||Asia Pacific|
|Unit||Value (USD Million)|
|Key Companies Profiled||Bourne Leisure Holdings Limited (United Kingdom), MGM Resorts (United States), Merlin Entertainment Group (United Kingdom), The Walt Disney Company (United States), Universal Studios (United States), Las Vegas Sands (United States), Castle Leisure Club (Ireland), New York State Lottery (United States), Live Nation Entertainment Inc. (United States), National Park Service (United States) and Go Ape (United Kingdom)|
The market study is broken down by Type (Amusements, Arts and Sports) and major geographies with country level break-up. According to AMA, the Global Recreation Service market is expected to see growth rate of 4.9%
The market has evolved into a competitive and forward-thinking industry vertical. By providing recreational services and products to customers, the market attempts to meet people's need for recreational opportunities, experiences, and facilities. Due to an increase in fitness consciousness among the young and youthful population, the industry is expected to rise rapidly from end to end in the near future. Analysts at AMA Research estimates that Vendors from United States will contribute to the maximum growth of Global Recreation Service market throughout the predicted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Bourne Leisure Holdings Limited (United Kingdom), MGM Resorts (United States), Merlin Entertainment Group (United Kingdom), The Walt Disney Company (United States), Universal Studios (United States), Las Vegas Sands (United States), Castle Leisure Club (Ireland), New York State Lottery (United States), Live Nation Entertainment Inc. (United States), National Park Service (United States) and Go Ape (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Smithsonian Institution (United States), Olympiad Leisure Centers (United Kingdom) and SeaWorld Entertainment Inc. (United States).
AdvanceMarketAnalytics has segmented the market of Global Recreation Service market by Type, Application and Region.
On the basis of geography, the market of Recreation Service has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2021. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Age Groups, the sub-segment i.e. Aged 35 And Younger will boost the Recreation Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Revenue Source, the sub-segment i.e. Media Rights will boost the Recreation Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On 25th April 2022, Live Nation, the world's leading live entertainment company, has announced the launch of Live Nation Philippines through the strategic acquisition of Music Management International (MMI), and Rhiza Pascua has been appointed to the role of Managing Director of Live Nation Philippines - signaling further growth across Asia.
On 6th October 2021, SJ LLC and The Pokémon Company announced a new collaborative partnership between the two entertainment leaders. and In Dec 2019, Merlin Entertainments announced, that it has signed a multi-territory partnership with Entertainment One (“eOne”), bringing the hit preschool superhero property PJ Masks to SEA LIFE Centres around the world.
The government is intertwined with leisure and recreation. Governments created limited liability for corporations, allowing for relatively large investments in leisure capital theaters, radio and television networks, and motion picture studios. Government regulations affect labor hours and working conditions.
- The shift in Individual Preference Toward Well-being
- The Growth in Health & Fitness Problems
- High Demand due to Growing Online Marketing
- The rise in the Involvement in Recreational and Leisure Activities
- The Rising Popularity Between Adult Population
- Growing Disposable Income in the MIddle-Class Populations
- A Shift in Consumer Preference toward Better Health
- Growing Investments in Amusement Parks
- The surging popularity in the Developing Countries
- The Growing Popularity of Recreation Sports
- High Investment Cost for Opening Fitness & Recreational Sports Centers
- Lack of Awareness in the Underdeveloped Regions
- The Concern Related to the COVID 19 Impact across the Globe
Key Target Audience
Recreation Service Providers, Government Regulatory Bodies, Private Research Organization, Government Research Organization and Others
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
Frequently Asked Questions (FAQ):1. What all players are profiled in the study?
The standard version of the report profiles players such as Bourne Leisure Holdings Limited (United Kingdom), MGM Resorts (United States), Merlin Entertainment Group (United Kingdom), The Walt Disney Company (United States), Universal Studios (United States), Las Vegas Sands (United States), Castle Leisure Club (Ireland), New York State Lottery (United States), Live Nation Entertainment Inc. (United States), National Park Service (United States) and Go Ape (United Kingdom) etc.2. Can we have customized study for Recreation Service Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.3. What would be the Market Size of Recreation Service Market by 2027?
Analysts at AMA estimates Recreation Service Market to reach USD Million by 2027.