The global sports tourism market was valued at USD 559.6 billion in 2020 and growing at a CAGR of 6.0% during the forecast period.
Sports Tourism Market: Breakup by Region, 2022 & 2031
Source: Primary Research and Secondary Research Analysis
Sports tourism is the fastest-growing segment of the tourism industry and is expected to continue this trend throughout the forecast period. It is one of the most significant leisure and entertainment activities, which offers people the opportunity to explore different sports and destinations.
The growth of the sports tourism market is attributed to the increasing number of sports events organized on a global scale, rising disposable incomes of consumers, and the development of sports infrastructure. Additionally, the increasing number of sports tourism operators, the development of innovative sports and entertainment technologies, the rising penetration of the internet and social media, and the introduction of e-sports are some of the factors driving the growth of the market. However, the high cost of sports tourism packages and the lack of awareness about the advantages of sports tourism among people in the emerging economies are restraining the growth of the market.
The global sports tourism market is segmented based on type, sport, and region. By type, the market is divided into individual sports, team sports, and adventure sports. The individual sports segment is expected to account for the largest share of the market during the forecast period. This can be attributed to the increasing popularity of individual sports activities such as running, cycling, and swimming. By sport, the market is divided into football, tennis, basketball, golf, motorsport, and others. The football segment is projected to account for the largest share of the market during the forecast period. This is attributed to the increasing number of football competitions and the presence of major international football events such as the FIFA World Cup, UEFA Champions League, and UEFA Europa League.
Geographically, the sports tourism market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. North America is anticipated to account for the largest share of the market during the forecast period. This is attributed to the presence of a large number of major players in the region, the increasing number of sports events and competitions, and the rising disposable incomes of people in the region.
Source: Primary Research and Secondary Research Analysis
Though, as a generation grows older, the definition of tourism shifts toward exploration. Old-style culture, values, cuisine, monuments, and lifestyles have caught the interest of the X and Y generations, as they provide tourists with a memorable and long-lasting experience. Republics such as the U.S., the UK, Germany, France, Spain, and Australia are famous for sporting events and attract both domestic and international visitors from all over the worldwide.
Market Segmentation:
Market Breakup By Type
Hard Sports Tourism
Soft Sports Tourism
Market Breakup By Product
Football/Soccer
Cricket Motorsport
Tennis
Others
Market Breakup By End-User
Individual & Group
Institution
Market Breakup By Category
Active
Passive
Regional Analysis
The report has been prepared after analyzing numerous factors that determine regional growth such as economic, environmental, social, technological, and political factors of the country. The team have closely analyzed the data of revenue, production, and manufacturers of each region and the analyses will help the to identify the main regions as potential worth of investment in the upcoming years.
Market Breakup By Region
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Competitive Landscape
This section of the report identifies various key manufacturers of the market. Important players in the in the sports tourism market includes some of the major tourism companies who offers pre-defined and tailor-made packages for individual and group. Apart from this, the sector is a gigantic intercontinental business attracting investment, bringing political interest, media attention and millions of traveling spectators and participants. Therefore, sport is large business helping some of the economics in growing by organizing sports events in their country.
Major players operating in the Sports Tourism market are:
BAC Sports
Club Europe Holidays Ltd
Gullivers Sports Travel Limited
Inspiresport
MATCH Hospitality
QuintEvents
Sports Travel & Hospitality Group
THG Sports
Unique Sports Travel Limited
Victory Sports Tours
Others
Global Sports Tourism Market Research Report, 2020-2031.
Table of Contents
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