Leisure centers market is expected to stimulate multiple job opportunities and boost job-creation, thereby propelling economic growth.
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Leisure Centers Market Growth, Trends, Segment To 2022: Grand View Research, Inc.
1. Global Leisure Centers Market Analysis, Market Size,
Application Analysis, Regional Outlook, Competitive
Strategies, And Forecasts, 2015 To 2022
The global leisure centers market is anticipated to witness growth over the forecast
period owing to a rise in public participation in leisure activities. Leisure centers
market is expected to stimulate multiple job opportunities and boost job-creation,
thereby propelling economic growth. The market is expected to drive the growth in
the tourism sector. Market vendors are emphasizing on exploiting international
opportunities, innovation, and brand management. The leisure centers market
focuses on meeting people’s demand for recreation and leisure experiences and
opportunities by offering leisure products and services to consumers.
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market
2. The market benefits from leisure activities such as travel & living, entertainment,
betting & gaming, sports, cultural activities, and eating & drinking. A rise in
disposable incomes among general public and globally increasing urban population
is expected to drive the market growth. Assorted recreational activities and rapidly
changing lifestyles are the major factors that have fueled the leisure centers market
development. The market has the least barriers to entry and thus has propelled
entrepreneurial activities with the creation of a favorable environment for
capitalists. Easy entry of new entrepreneurs into the market has impelled market
expansion. Moreover, average start-up costs for establishing leisure centers is
influential in driving employment opportunities in the leisure centers market. The
market setting is highly competitive owing to the presence of a large number of
small and middle-sized enterprises.
3. The global leisure centers market can be segmented into several industrial sub-
sectors that comprises of various popular recreational sites such as hotels &
restaurants, health & fitness clubs, gaming centers & betting shops, casinos &
bingo halls, tourist attractions, cinema halls and live entertainment venues, and
pubs & night clubs. Furthermore, leisure centers such as libraries, heritage sites,
theme parks, museums, and zoos are the leading factors for growth of travel and
tourism sector. Of all the recreational sites, theme parks and cinema halls prove to
be more profitable ones.
Tough macroeconomic situations and government intercession & policies have
constrained the growth of the leisure centers market. Stern tax policies, excise
duty, and entertainment taxes have hindered the market expansion and
consequently limited the job opportunities. Regulatory costs and tariffs have
worsened growth opportunities. The onset of financial crisis greatly aggravates the
market augmentation is impacted owing to the financial crisis.
4. High disposable income among the population in the North American region is
expected to stimulate the market growth. A remarkable growth in tourism, travel
and sightseeing activities is being experienced in the European region. These
factors have made the European countries home to some of the key leisure centers
across the globe. Owing to developing economies and rising GDP levels in the
Asia Pacific region, the leisure centers market is anticipated to grow significantly
in this region.
Key players dominating the global leisure centers market are Bourne Leisure, Go
Ape, INOX Leisure Limited, Olympiad Leisure Centers, SeaWorld Parks &
Entertainment, Swansea, and Virgin Oceanic.
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