Sports & Recreation
The Sports & Recreation industry is diverse, encompassing activities from fitness and outdoor sports to recreational services. It has seen steady growth due to increased health awareness and leisure spending.
$60M
market spending10%
annual growth rate$100M
potential market sizegrowth
market active stageThis market is in the growth stage. The industry often sees growth in tandem with economic prosperity as discretionary income rises. Trends include a shift towards digital and personalized experiences, as well as sustainable practices.
Generate idea in this industryMarket
forecast
forecast
Short-term: Continued recovery post-pandemic with an emphasis on outdoor and individual sports
Long-term: Steady growth with technological integration and health trends driving the market.
50%
market saturation10%
market profitability$100K
average profit$1M
average revenueBiggest players in the market:
- Nike
- Adidas
- Under Armour
- REI Co-op
- Planet Fitness
High demand services in the industry:
- Personal training
- online fitness subscriptions
- outdoor adventure tours
- sports camps
- wellness retreats
10K
approximate number of small companies in the industry100M
approximate number of employedMarket
regulations
regulations
Regulations vary by region but may include safety standards for equipment, zoning laws for facilities, employment laws, and compliance with health guidelines. Licensing requirements are common for certain activities like hunting or fishing.