Sports & Recreation
The Sports & Recreation industry is diverse, encompassing activities from fitness centers to outdoor adventures. Growth has been driven by increasing health awareness and disposable income.
$60M
market spending10%
annual growth rate$100M
potential market sizegrowth
market active stageThis market is in the growth stage. Cyclical with the economy; trends towards personalized experiences, technology integration, and sustainable practices.
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forecast
forecast
Positive outlook due to health trends
Short-term: steady recovery post-pandemic
Long-term: sustained growth with technological advancements.
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
- sports coaching
- outdoor adventure tours
- fitness classes
10K
approximate number of small companies in the industry100M
approximate number of employedMarket
regulations
regulations
Varies by region; includes safety standards, zoning laws for physical locations, employment law compliance. Licensing for certain activities (e.g., hunting, fishing) may be required.