Press release
The Global Sports Tourism Market is experiencing significant growth, with a market value of USD 581 Bn in 2022. According to a new report by MMR, the market is projected to grow at a CAGR of 17.3 Percent from 2023 to 2029, reaching nearly USD 1775 Bn.
Sports Tourism Market
Sports tourism involves traveling to different locations to witness sports tournaments and events. The market is primarily driven by two major events, the Olympics and the FIFA World Cup, which attract a large number of tourists worldwide. In addition, small business owners and operators in the sports tourism market, such as hotels, restaurants, and specialized tourism product distributors, contribute to the overall market growth.
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MMR conducted extensive research using a comprehensive methodology to provide accurate insights into the sports tourism market. The research involved data collection, analysis, and validation from reliable sources to ensure the credibility and reliability of the report.
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Sports Tourism Market Dynamics:
The growth of sports tourism can be attributed to several factors. Emerging countries are investing in infrastructure development to attract customers, which is driving the market's expansion. Additionally, the advertisement and offers provided by sports tour companies play a crucial role in promoting tourism to specific regions or sports, further contributing to market growth. The interrelation between sports, travel, and tourism has established sports tourism as a niche market within the travel industry.
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Furthermore, partnerships and collaborations in the sports tourism sector, such as the exclusive collaboration between inspiring sport and Cricket Scotland, have fueled the market's growth. These partnerships offer unique sports development tours and domestic tours to attract more tourists, resulting in increased market demand.
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Sports Tourism Market Regional Insights:
Asia Pacific emerged as the dominant region in the sports tourism market and is projected to experience significant growth. China and India are key contributors to the market, driven by the growing sports events industry, rising per capita income, and increasing disposable income.
Sports Tourism Market Segmentation
By Product:
1. Football
2. Cricket
3. Soccer
4. Others
By Type:
1. Domestic
2. International
By Category:
1. Active
2. Passive
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Sports Tourism Market Key Competitors include:
1. BAC Sports
2. Inspiresport
3. Gullivers Sports Travel Ltd
4. Dream Team Sports Tour
5. Navigo Sports Tour, LLC
6. Allsports Travel
7. Australian Sports Tours
8. Premium Sport Tours
9. La Vacanza Travel
10. XL Sports Tours
11. ATPI Ltd.
12. DTB Sports Management Ltd.
13. Fanatic Sports Pvt. Ltd.
14. Gala Management Services Ltd.
15. Global Sports Travel and Tours Pty Ltd.
16. International Sports Management Inc.
17. ITC Travel Group
18. JTB India Pvt. Ltd.
19. KNT CT Holdings
20. Match Hospitality AG
21. QuintEvents LLC
22. Sports Tours International Ltd.
23. Sports Travel and Hospitality Group Ltd.
24. Sportsnet Corp. Pty Ltd.
25. The Hospitality Group
26. Thomas Cook India Ltd.
27. Travel sports
28. Veda Sports Marketing Pvt. Ltd.
29. Victory Sports Tours
Table of Content for Sports Tourism Market
1. Global Sports Tourism Market: Research Methodology
2. Global Sports Tourism Market: Executive Summary
• Market Overview and Definitions
• Introduction to Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
3. Global Sports Tourism Market: Competitive Analysis
• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact
4. Global Sports Tourism Market Segmentation
• Global Market, by Product (2021-2029)
• Global Market, by Type (2021-2029)
• Global Market, by Category (2021-2029)
5. Regional Sports Tourism Market (2021-2029)
• Regional Market, by Product (2021-2029)
• Regional Market, by Type (2021-2029)
• Regional Market, by Category (2021-2029)
• Regional Market, by Country (2021-2029)
6. Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
Key Offerings:
• Past Market Size and Competitive Landscape (2018 to 2021)
• Past Pricing and price curve by region (2018 to 2021)
• Market Size, Share, Size & Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by Product, Type and Category
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
o Competitive landscape - Market Leaders, Market Followers, Regional player
o Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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