Press release
Sports Tourism Market Share & Size Analysis, Growth, Trends, Report, 2024-2032
The sports tourism market size was valued at USD 544.38 billion in 2023 and is expected to be worth USD 618.69 billion in 2024. The market is projected to reach USD 2,089.58 billion by 2032, recording a CAGR of 16.43% during the forecast period.Sports tourism refers to a tourist's travel experiences, wherein they travel to different countries across the world to either watch their favorite sports event as a spectator or participate in it. Both, the athletes traveling to other countries to participate in sports tournaments and sports enthusiasts buying tickets to watch these events are a part of sports tourism.
However, the COVID-19 outbreak restricted the market's growth considerably due to a major decline in sporting events owing to lockdowns and traveling restrictions. This eventually caused a slump in this form of tourism in different countries.
Fortune Business Insightsโข displays this information in a report titled, "Sports Tourism Market, 2024-2032."
๐๐๐ญ ๐ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ซ๐จ๐๐ก๐ฎ๐ซ๐:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/sports-tourism-market-110568
๐๐ข๐ฌ๐ญ ๐จ๐ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐๐๐ง๐ญ๐ข๐จ๐ง๐๐ ๐ข๐ง ๐ญ๐ก๐ ๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐จ๐ฎ๐ซ๐ข๐ฌ๐ฆ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐๐๐ฉ๐จ๐ซ๐ญ:
โฃ BAC Sport (U.K.)
โฃ Gullivers Sports Travel Limited (U.K.)
โฃ Club Europe Group Travel (U.K.)
โฃ XLSportsTours (U.S.)
โฃ Sportsnet Holidays (Australia)
โฃ DTB Events (U.K.)
โฃ Australian Sports Tours (Australia)
โฃ Navigo Sports (U.S.)
โฃ Dream Team Sports Tour (Italy)
โฃ Melsh Sports Tours (India)
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง: ๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐จ๐ฎ๐ซ๐ข๐ฌ๐ฆ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐
Increasing Interest in Basketball and Badminton Helped Others Segment Dominate Market
Based on sports type, the market is segmented into tennis, cricket, football/soccer, and others. The others segment holds a major market share due to rising interest in basketball and badminton in countries, such as Germany, India, the U.K., and China.
Increased Frequency of Traveling to Watch Sports Events Fueled Popularity of Passive Tourism
Based on sports tourism type, the market is segmented into active sports tourism, passive sports tourism, and nostalgia sports tourism. The passive tourism segment might dominate the global sports tourism market share as an increasing number of people are traveling to different countries to watch their favorite sports events.
Rising Government Support for National Sports Tournaments Accelerated Influx of Domestic Tourists
Based on tourist type, the market is divided into domestic and international. The domestic segment has captured the largest market share as governments across the world are supporting the domestic sports industry through various initiatives.
With respect to region, the market covers North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
๐๐ฌ๐ค ๐๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง:
https://www.fortunebusinessinsights.com/enquiry/ask-for-customization/sports-tourism-market-110568
๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฏ๐๐ซ๐๐ ๐:
The report includes:
โฃ Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
โฃ Comprehensive insights into regional developments.
โฃ List of major industry players.
โฃ Key strategies adopted by the market players.
โฃ Recent industry developments include product launches, partnerships, mergers, and acquisitions.
๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐๐ง๐ ๐๐๐ฌ๐ญ๐ซ๐๐ข๐ง๐ญ๐ฌ:
Technological Innovations and Improvements in Online Booking Platforms to Propel Market Growth
Advanced technologies are being integrated into several sports to improve the quality of matches and enhance spectators' viewing experience. These technological innovations have also played a key role in increasing the profit margins of sports organizations as they provide them with several key platforms to promote their upcoming tournaments and events. Moreover, the introduction of technology in sports has also enhanced the efficiency of online booking platforms, making it easier for them to book their tickets and hotel accommodations.
However, several countries are currently facing severe geopolitical tensions, which can hinder the sports tourism market growth.
๐๐ฟ๐ผ๐๐๐ฒ ๐๐ฒ๐๐ฎ๐ถ๐น๐ฒ๐ฑ ๐ฅ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ ๐ฆ๐๐บ๐บ๐ฎ๐ฟ๐:
https://www.fortunebusinessinsights.com/sports-tourism-market-110568
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ:
Increasing Number of Sports Tournaments Helps Europe Dominate Global Market
Europe is dominating the global market due to the rising number of sports events and tournaments, which has played a vital role in encouraging a large number of sports enthusiasts to visit the region to enjoy their favorite sports.
The market in North America is also expected to show promising growth due to a robust growth in the region's sports infrastructure.
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐๐ง๐๐ฌ๐๐๐ฉ๐:
Key Market Players to Engage in Partnerships and Collaborations to Maintain Their Dominance
Some of the leading market players are engaging in a wide range of collaborations, partnerships, and acquisitions to maintain their dominance. The key companies leading the market's growth include Club Europe Group Travel, BAC Sport, and Gullivers Sports Travel Limited, among others.
๐๐๐๐ ๐๐๐ฅ๐๐ญ๐๐ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ:
Sports Apparel Market
https://www.fortunebusinessinsights.com/sports-apparel-market-107401
Golf Apparel Market
https://www.fortunebusinessinsights.com/golf-apparel-market-110184
Sports Footwear Market
https://www.fortunebusinessinsights.com/sports-footwear-market-102216
๐๐๐ฒ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ:
September 2022: Gullivers Sports Travel Limited inked a one-year partnership deal with NSW Waratahs to become the team's official sports travel partner. This partnership will also help the company increase its business in different countries.
๐๐ผ๐ป๐๐ฎ๐ฐ๐ ๐จ๐:
Fortune Business Insightsโข Pvt. Ltd.
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๐๐๐จ๐ฎ๐ญ ๐๐ฌ:
Fortune Business Insightsโข offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
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