Leisure

WHAT'S NEXT?: Online retailing will be one of the fastest growing channels between 2015 and 2019 as individuals do not have much time for leisure and seek convenience. Entertainment will continue to shift away from traditional broadcast media and print to reality augmented and deeply personalised content. The occupations with the largest new employment growth will be managers, professional and technical jobs, and caring and leisure occupations. Many middle-class professionals will be outsourced to machines within the next few decades leaving workers with more leisure time than they have ever experienced.

• [New] Some migrant workers from neighboring Myanmar and Cambodia are stuck with no wages from their jobs as hotel cleaners, kitchen hands and food stall operators, and the Thai tourism and sports ministry estimates that 60% of hospitality businesses could close by the end of the year.
• [New] While the usual surge in demand during the spring and summer months is unlikely to happen this year, the entertainment industry could help speed up recovery in Orlando as well.
• In the U.S. alone, over the next twenty years, Boomers will have a surge of time affluence with 2 1/2 trillion hours of leisure time to fill.
• The focus of the OTT service providers such as Netflix and Amazon towards providing 3D movies along with the increasing popularity of 4K UHD content will be primary growth for the global media and entertainment contents thereby influencing the market's growth positively.
• The global sports betting market was valued at around USD 104.31 billion in 2017 and is expected to reach approximately USD 155.49 billion by 2024, growing at a healthy CAGR of 8.83% between 2018 to 2024.
• Among the End User of the Video Streaming market (Media and Entertainment, Education and Awareness, IT and E-commerce, Others), Media and Entertainment is highly popular globally and is expected to keep growing in the forecast period.
• The Sports Analytics Market was valued at USD 0.72 billion in 2019 and is expected to reach USD 3.51 billion by 2025, at a CAGR of 30% over the forecast period 2020-2025.
• Smart clothing - produced by companies around the world - is on a growth streak, a market currently valued at around $1 billion globally, and forecast to quintuple in size by 2024, driven by demand from sports and fitness users.
• The number of American esports viewers will exceed the audience from every other US-based professional sports league, except the NFL, by next year.
• In the application segment of the RTLS in Sports Market, game player tracking held the highest market share in 2020 and is poised to continue as the largest application segment throughout the forecast period 2020-2025.
• The global health crisis has benched all live sports for the foreseeable future, including pushing the Tokyo Olympics until 2021.
• The digital entertainment market will grow by 11% while the traditional entertainment market is expected to decline by 1% per year until 2023.
• For 2020, PwC expects the entertainment market to be worth EUR 38 billion, with EUR 29 billion attributable to the traditional and EUR 9 billion to the digital entertainment market.
• The TV networks - including ESPN, which relies on live sports to make big ad revenue - reported sales of $7.26 billion, up from $5.53 billion a year ago; analysts on average expected $6.6 billion.
• Sports nutrition segment is anticipated to grow lucratively in the coming years owing to increasing number of newer product launches, growing number of market players, rise in the number of gyms & fitness centers and consequent increasing number gym goers.
• Many foregone services, such as travel and recreation, will create a permanent loss, meaning they will not be made up for through pent-up demand later in the year.
• The sports bra market is expected to grow at a rate of roughly 10.8% over the coming years.
• The European Sports Sponsorship market is expected to rise 5.0% to $12.9bn this year, ahead of the five-year CAGR of 4.2%.
• North America is expected to have a leading share in the Sports Toys Market over the coming years.
• Live streaming and live sports are at high piracy risk in Europe to the tune of a EUR $941 million loss for providers in the last year.
• Political advertising is still expected to provide a substantial boost, and live sports could return in force in H2 2020, with some sports leagues endeavoring to pick up where they left off rather than abandon their seasons entirely.
• With leisure time projected to decrease at an annualized rate of 0.1% over the five years to 2024, Canadians may be a bit more discerning about how they spend their limited free time.

See full forecast

Last updated: 12 August 2020