Qatar Indoor Sports Center Market Expected to Reach $66.3 Million by 2032 at CAGR 8.9 —Allied Market Research
In addition to providing a variety of activities and events for people of all ages, indoor sports centers frequently serve as community hubs. The future is expected to see a strengthening of this aspect of community engagement, which will encourage an active lifestyle and a sense of belonging.
Wilmington, Delaware, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Allied Market Research published a report, titled,* “**Qatar Indoor Sports Center Market** by Sports (Tennis, Mini Football, Padel, Volleyball, Basketball, and Others) and Revenue Source (Membership Fees, Rentals, Tournament Fees, Hourly Fees, and Others): Opportunity Analysis and Industry Forecast, 2023–2032**". **According to the report,* the Qatar indoor sports center market size was valued at $29.6 million in 2022, and is projected to reach $66.3 million by 2032, registering a CAGR of 8.9% from 2023 to 2032.
*Prime determinants of growth *
The rising popularity of sports events and tourism is driving the growth of the Qatar indoor sports center market. However, the growth of the event services market in the U.S. is restricted by the high infrastructure and maintenance costs. On the other hand, the surge in demand for sport training centers presents remunerative opportunities for the expansion of the event services market in the U.S. during the forecast period.
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*Report coverage & details:*
*Report Coverage* *Details*
Forecast Period 2023–2032
Base Year 2022
Market Size in 2022 $29.6 million
Market Size in 2032 $66.3 million
CAGR 8.9%
No. of Pages in Report 100
Segments Covered Sports and Revenue Source
Drivers · Rise in sports events and tourism
· Diversification of entertainment options
· Growing youth population
Opportunities · Surge in demand for sports training center
· Growing awareness regarding healthy lifestyle
Restraints · Regulatory hurdles
· Infrastructure and maintenance costs
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*The **padel** **segment to **maintain** its leadership status throughout the forecast **period*
By sports, the padel segment held the highest market share in 2022, accounting for more than half of the Qatar indoor sports center market revenue and is estimated to maintain its leadership status throughout the forecast period. The number of indoor padel facilities has increased in various nations, including Qatar. Due to the growing popularity of the sport, investors and businesspeople have built or renovated indoor courts in an effort to profit from it. The tennis segment, however, showcases the fastest CAGR of 11.0% during the forecast period. The need for expert coaching services among tennis players in Qatar is rising. Coaches with experience who train athletes of various ability levels, from novice to expert, are frequently found working at indoor sports facilities.
*The **membership fees** **segment to **maintain** its leadership status throughout the forecast **period*
By revenue source, the membership fees segment held the highest market share in 2022, accounting for nearly three-fourths of the Qatar indoor sports center market share and is estimated to maintain its leadership status throughout the forecast period. Numerous indoor sports centers provide tiered membership programs that address various client requirements. These plans offer options for various access levels (such as weekday-only, and full access) and durations (such as monthly, quarterly, and annual). The others segment, however, showcases the fastest CAGR of 9.4% during the forecast period. The others segment includes private coaching, video streaming & content, and health & fitness services. As players and fitness enthusiasts look for individualized training plans to boost their abilities and fitness levels, the demand for private coaching services is rising.
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*Leading Market Players: -*
· Aspire Academy
· The Khalifa International Tennis & Squash Complex
· Qatar Sports Club
· AL Arabi Sports Club
· Doha Sports Park
· Qatar Table Tennis Association
· Qatar Bowling Center
· Al Sadd Sports Club
· Al Khor Sports Club
· Duhail Sports Club
The report provides a detailed analysis of these key players in the Qatar indoor sports center market. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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