Dublin, Oct. 04, 2024 (GLOBE NEWSWIRE) -- The "Sports Tourism - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Sports Tourism was estimated at US$1.1 Trillion in 2023 and is projected to reach US$2.4 Trillion by 2030, growing at a CAGR of 11.8% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report answers the following key questions:
- How is the Global Sports Tourism Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Key Drivers of Growth in the Sports Tourism Market
The growth in the sports tourism market is driven by several factors, including the rising popularity of international sports events and competitions, technological advancements in travel planning, booking platforms, and customer experience, and the increasing focus on promoting adventure sports, ecotourism, and experiential travel. The need to provide unique, engaging, and culturally enriching sports tourism experiences for diverse traveler demographics is driving the demand for sports tourism across various destinations, events, and activities.
Technological innovations in digital platforms, mobile apps, virtual reality (VR), augmented reality (AR), and AI-powered travel assistants, coupled with advancements in social media marketing, influencer campaigns, and personalized itineraries, are enhancing the accessibility, convenience, and marketability of sports tourism, supporting market growth. The expansion of sports tourism applications in wellness retreats, yoga camps, corporate offsites, and eco-adventures, along with the growing emphasis on sustainable, responsible, and inclusive tourism models, is creating new opportunities for market players.
Additionally, the focus on developing sports infrastructure, stadiums, training facilities, and sports-themed travel packages for diverse markets is further propelling the growth of the sports tourism market.
Market Segments Leading the Growth of the Sports Tourism Industry
Types of sports tourism include active sports tourism, passive sports tourism, and adventure sports tourism, with passive sports tourism, such as attending sports events, holding the largest market share due to its widespread appeal and accessibility. Sports types comprise football, cricket, tennis, golf, motorsports, adventure sports, and others, with football being the dominant segment due to its global popularity and numerous international tournaments. End-users include individuals, groups, corporate travelers, and families, with individuals leading the market due to their high participation rates in sports tourism activities.
Geographically, Europe and North America are the largest markets for sports tourism, driven by established sports infrastructure, iconic sports events, and tourism-friendly policies, while Asia-Pacific is expected to witness rapid growth due to increasing sports investments, cultural exchange programs, and government support for tourism development.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Soccer Tourism segment, which is expected to reach US$1 Trillion by 2030 with a CAGR of a 13.6%. The Cricket Tourism segment is also set to grow at 12% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, which was valued at $294.4 Billion in 2023, and China, forecasted to grow at an impressive 16% CAGR to reach $563.5 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as AQUA-TREK, BAC Sport Limited, Cap Loisirs, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 41 Featured):
- AQUA-TREK
- BAC Sport Limited
- Cap Loisirs
- Damai.cn
- De Aventura
- em
- Fanatic Sports Pvt. Ltd.
- GolfSavers
- Golftripz
- Hollywood Bowl Group plc
Key Attributes
| Report Attribute | Details |
| No. of Pages | 244 |
| Forecast Period | 2023-2030 |
| Estimated Market Value (USD) in 2023 | $1.1 Trillion |
| Forecasted Market Value (USD) by 2030 | $2.4 Trillion |
| Compound Annual Growth Rate | 11.8% |
| Regions Covered | Global |
Key Topics Covered
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Global Economic Update
- Sports Tourism - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Rising Popularity of International Sports Events and Competitions Drives Sports Tourism Market Growth
- Increasing Focus on Promoting Adventure Sports, Ecotourism, and Experiential Travel Spurs Adoption of Sports Tourism
- Technological Advancements in Travel Planning, Booking Platforms, and Customer Experience Propel Market Innovation
- Growing Emphasis on Developing Sports Infrastructure, Stadiums, and Training Facilities Expands Addressable Market Opportunity
- Challenges Related to Visa Regulations, Travel Safety, and Health Risks Impact Market Dynamics
- Emergence of E-Sports, Virtual Sports Events, and Fantasy Sports Tourism Strengthens Business Case for Innovation
- Rising Use of Social Media, Influencer Marketing, and Digital Campaigns in Sports Tourism Promotion Generates New Opportunities
- Focus on Developing Customized Sports Tourism Packages, Group Tours, and All-Inclusive Deals Drives Market Competitiveness
- Increasing Application of Sports Tourism in Wellness Retreats, Yoga Camps, and Corporate Offsites Accelerates Market Demand
- Shift Towards Sustainable, Responsible, and Inclusive Sports Tourism Models Expands Market Opportunities
- Increasing Emphasis on Digital Nomadism, Bleisure Travel, and Hybrid Work-Sports Tourism Experiences Creates New Opportunities
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/bb28dl
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