The global fitness and recreational sports centers market size reached US$ 106.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 146.01 Billion by 2027 exhibiting a CAGR of 5.10% during 2022-2027.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Industry Definition and Application:
A bulletproof vest represents a protective covering worn to shield the body against bullets and shrapnel. It usually safeguards soldiers from bomb explosions by absorbing the force and preventing the attack from penetrating the body. In addition to this, a bulletproof vest is produced by using various materials, such as ultra-high molecular weight polyethylene (UHMWPE), graphene, Kevlar, etc.
Furthermore, based on type, it is categorized into soft and hard variants. Soft bulletproof vests protect against small-caliber rounds from handguns, whereas the latter is utilized in counterterrorism, military combat, counterinsurgency, hostage rescue missions, etc.
Fitness and Recreational Sports Centers Market Trends and Drivers:
The increasing geopolitical tension and the rising prevalence of terrorist attacks are bolstering the need for civilian and military protection, which is primarily driving the bulletproof vest market. Additionally, the growing focus on minimizing casualties during combat situations and the escalating demand for military modernization to improve national security are further catalyzing the market growth.
Besides this, government bodies and several defense organizations are adopting next-generation weaponry systems, such as novel bulletproof vests, to support and enhance the survivability of military troops, which is acting as another significant growth-inducing factor.
Moreover, the inflating popularity of bulletproof vests for numerous commercial security applications, including healthcare security, retail security, transportation security, etc., is also positively influencing the global market. Apart from this, the introduction of lightweight variants with increased mobility that is manufactured via the use of composite materials and the integration of advanced technologies, such as 3D printing, is anticipated to fuel the bulletproof vest market over the forecasted period.
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Breakup by Product:
Breakup by Material:
Breakup by Type:
Breakup by End User:
List of Major Key Players:
The major players in the market are 24 Hour Fitness USA LLC., CrossFit LLC., Curves International, David Lloyd Leisure, Fitness First, Konami Group Corporation, Life Time Inc., SUNY Cortland Recreational Sports, The Gym Group plc and Virgin Active (Virgin Group Ltd.).
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