III. Industry Analysis
Since the end of the pandemic, individuals and families worldwide have been looking for fun ways to get out of the house and exercise again. Spending two years cooped up inside has given the world an appreciation for sports and activity. People all around the world are now flocking to gyms, sports facilities, and recreation centers to restore their health and become active again.
Though the overall sports complex industry has been in a downturn in recent years, this is directly an effect of the pandemic. Now that it is safe for people to work and play together again, the industry is expected to see a boost in the market. In fact, according to PRNewswire, the fitness and recreational sports center market posted a year-over-year growth rate of 22.66%. This is a good sign of things to come and indicates that people will be interested in utilizing sports facilities like [Company Name] in the near future.