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Martial Arts Studios in the US - Industry Market Research Report

Publisher IBISWorld
Published Dec 01, 2024
Length 70 Pages
SKU # IBSS19493660

Description

Martial Arts Studios in the US - Industry Market Research Report


Martial Arts Studios in the US

The Martial Arts Studios industry is mainly made up of small operators that typically serve local markets, so competition is fierce. Over the five years to 2023, revenue has ultimately risen, with the industry experiencing steady growth between 2017 and 2019 before falling sharply in 2020 because of the COVID-19 pandemic. Consumer demand for martial arts instruction is driven by several economic factors, including employment, disposable income and consumer confidence. As the economy experienced growth during most of the period, demand for industry services increased. Regardless, the hands-on nature of martial arts training made social distancing impossible and studios were forced to temporarily close down. Despite the unprecedented losses in 2020, industry-wide revenue has been growing at an a CAGR of 1.1% over the past five years and is expected to total $11.6 billion in 2023, when revenue will jump by an estimated 3.0%.

The Martial Arts Studios industry includes businesses, many of which operate as nonemployers, that offer instruction in martial arts. These classes include karate, kendo, judo, jiu jitsu, krav maga, taekwondo, muay thai and mixed martial arts, among others. This industry does not include self-defense instruction.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

Table of Contents

70 Pages
ABOUT THIS INDUSTRY

Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS

Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

Pricing

Currency Rates
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