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Sports Tourism Industry Anticipates 17.3% CAGR Through 2029

01-15-2025 12:29 PM CET | Consumer Goods & Retail

Press release from: MAXIMIZE MARKET RESEARCH PVT. LTD.

Sports Tourism Market

Sports Tourism Market

๐’๐ฉ๐จ๐ซ๐ญ๐ฌ ๐“๐จ๐ฎ๐ซ๐ข๐ฌ๐ฆ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐๐จ๐ข๐ฌ๐ž๐ ๐ญ๐จ ๐‘๐ž๐š๐œ๐ก ๐”๐’๐ƒ ๐Ÿ,๐Ÿ•๐Ÿ•๐Ÿ“ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐›๐ฒ ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ—

The global sports tourism market, valued at USD 581 billion in 2022, is projected to experience a robust compound annual growth rate (CAGR) of 17.3%, reaching approximately USD 1,775 billion by 2029.

๐ˆ๐ง๐ญ๐ซ๐ข๐ ๐ฎ๐ž๐ ๐ญ๐จ ๐ž๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐ญ๐ก๐ž ๐œ๐จ๐ง๐ญ๐ž๐ง๐ญ๐ฌ? ๐’๐ž๐œ๐ฎ๐ซ๐ž ๐ฒ๐จ๐ฎ๐ซ ๐ก๐š๐ง๐๐ฌ-๐จ๐ง ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐œ๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ: https://www.maximizemarketresearch.com/request-sample/191030/

๐’๐ฉ๐จ๐ซ๐ญ๐ฌ ๐“๐จ๐ฎ๐ซ๐ข๐ฌ๐ฆ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐•๐ข๐ž๐ญ๐ง๐š๐ฆ

Vietnam is emerging as a destination for adventure and water sports, attracting tourists seeking unique experiences. The government's efforts to promote tourism and develop related infrastructure are contributing to this growth.

๐’๐ฉ๐จ๐ซ๐ญ๐ฌ ๐“๐จ๐ฎ๐ซ๐ข๐ฌ๐ฆ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐“๐ก๐š๐ข๐ฅ๐š๐ง๐

Thailand's rich cultural heritage combined with its hosting of international sports events, such as the King's Cup football tournament, is enhancing its appeal as a sports tourism destination.

๐’๐ฉ๐จ๐ซ๐ญ๐ฌ ๐“๐จ๐ฎ๐ซ๐ข๐ฌ๐ฆ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐‰๐š๐ฉ๐š๐ง

Following the successful hosting of the Tokyo 2020 Olympics, Japan has seen a surge in sports tourism, with increased interest in both traditional sports like sumo wrestling and modern events.

๐’๐ฉ๐จ๐ซ๐ญ๐ฌ ๐“๐จ๐ฎ๐ซ๐ข๐ฌ๐ฆ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‚๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐’๐จ๐ฎ๐ญ๐ก ๐Š๐จ๐ซ๐ž๐š

South Korea's reputation for hosting international events, including the 2018 Winter Olympics, has solidified its position in the sports tourism market, attracting visitors for events and training facilities.

๐’๐ฉ๐จ๐ซ๐ญ๐ฌ ๐“๐จ๐ฎ๐ซ๐ข๐ฌ๐ฆ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐”๐ฉ๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐’๐ข๐ง๐ ๐š๐ฉ๐จ๐ซ๐ž

Singapore's strategic location and state-of-the-art sports facilities make it a prime destination for hosting international sports events, contributing to its growing sports tourism sector.

๐€๐œ๐œ๐ž๐ฌ๐ฌ ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐œ๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐ซ๐ข๐ ๐ก๐ญ ๐ง๐จ๐ฐ: https://www.maximizemarketresearch.com/request-sample/191030/

๐’๐ฉ๐จ๐ซ๐ญ๐ฌ ๐“๐จ๐ฎ๐ซ๐ข๐ฌ๐ฆ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐”๐ง๐ข๐ญ๐ž๐ ๐’๐ญ๐š๐ญ๐ž๐ฌ

The U.S. continues to be a major player in sports tourism, with events like the Super Bowl, NBA Finals, and US Open attracting millions of visitors annually.

๐’๐ฉ๐จ๐ซ๐ญ๐ฌ ๐“๐จ๐ฎ๐ซ๐ข๐ฌ๐ฆ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐„๐ฎ๐ซ๐จ๐ฉ๐ž

Europe's diverse range of sports events, from football leagues to cycling tours, continues to draw significant numbers of sports tourists, contributing to the region's robust market growth.

๐‘๐ž๐œ๐ž๐ง๐ญ ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ๐ฌ

The sports tourism market has observed several strategic initiatives aimed at enhancing offerings and expanding reach:

Partnerships: In November 2022, Inspiring Sport, a leading UK provider of youth sports development tours, entered into an exclusive collaboration with Cricket Scotland, launching events like The R66T Festival of Cricket and The R66T Dubai Cup.

Community Engagement: Local entrepreneurs are increasingly participating in sports tourism by operating hotels, restaurants, and distributing specialized products, contributing to community-level economic growth.

๐ƒ๐จ๐ฐ๐ง๐ฅ๐จ๐š๐ ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐œ๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐ญ๐จ๐๐š๐ฒ: https://www.maximizemarketresearch.com/request-sample/191030/

๐’๐ฉ๐จ๐ซ๐ญ๐ฌ ๐“๐จ๐ฎ๐ซ๐ข๐ฌ๐ฆ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง:

๐›๐ฒ ๐๐ซ๐จ๐๐ฎ๐œ๐ญ

1. Football
2. Cricket
3. Soccer
4. Others

Based on product, the football sector dominated the segmental market share, accounting for more than 39.2% of total revenue in 2022. The Football World Cup in Qatar increased income from sports tourism. Aside from this global event, football is primarily played at the club level around the world. Europe is the most renowned club football region, with the majority of the world's largest clubs based there.

๐›๐ฒ ๐“๐ฒ๐ฉ๐ž

1. Domestic
2. International

Based on Type, the domestic sports tourism segment gradually increased its market share and continued to develop during the predicted period. The market is separated into two types: domestic and international. Many domestic sports leagues are held around the world. These sports leagues attract a higher proportion of domestic tourists due to the ease of intra-region transit, the simplicity of utilizing a single regional or national currency, and familiarity with the culture and languages. An increasing number of sports teams are helping their supporters get from one arena to another.

๐›๐ฒ ๐‚๐š๐ญ๐ž๐ ๐จ๐ซ๐ฒ

1. Active
2. Passive

Passive tourism dominated the Sport Tourism Market from 2023 to 2029. The market is split into two categories: passive sports tourism and active sports tourism. Passive tourists could perhaps contribute more to the sport than active participants. A passive sports tourist is someone who attends a sporting event without actively participating in it. They are spectators or fans. Tourists that participate in passive Sports Tourism observe sports being played. This could be at a major sporting event (eligible for sports event tourism), or it could just be to support a family member or friend. The vast majority of passive sports visitors are fans.

๐’๐ž๐ž๐ค๐ข๐ง๐  ๐š ๐ญ๐ก๐จ๐ซ๐จ๐ฎ๐ ๐ก ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐ฎ๐ง๐๐ž๐ซ๐ฌ๐ญ๐š๐ง๐๐ข๐ง๐ ? ๐ƒ๐ข๐ฏ๐ž ๐ข๐ง๐ญ๐จ ๐ญ๐ก๐ž ๐ฌ๐ฎ๐ฆ๐ฆ๐š๐ซ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐ซ๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ: https://www.maximizemarketresearch.com/market-report/sports-tourism-market/191030/

๐’๐ฉ๐จ๐ซ๐ญ๐ฌ ๐“๐จ๐ฎ๐ซ๐ข๐ฌ๐ฆ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ:

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

๐ƒ๐ข๐ฌ๐œ๐จ๐ฏ๐ž๐ซ ๐–๐ก๐š๐ญ'๐ฌ ๐“๐ซ๐ž๐ง๐๐ข๐ง๐ :

Global Automotive Microcontrollers Market https://www.maximizemarketresearch.com/market-report/global-automotive-microcontrollers-market/2919/

Automotive Wiring Harness Market https://www.maximizemarketresearch.com/market-report/global-automotive-wiring-harness-market/43193/

Fire Truck Market https://www.maximizemarketresearch.com/market-report/fire-trucks-market/14773/

Non-alcoholic Spirits Market https://www.maximizemarketresearch.com/market-report/non-alcoholic-spirits-market/184285/

Global Pacs And Ris Market https://www.maximizemarketresearch.com/market-report/global-pacs-and-ris-market/105647/

Global Environmental Monitoring Market https://www.maximizemarketresearch.com/market-report/global-environmental-monitoring-market/31017/

Global Computer Aided Detection Market https://www.maximizemarketresearch.com/market-report/global-computer-aided-detection-market/44444/

Paper Based Consumer Bags Market https://www.maximizemarketresearch.com/market-report/global-paper-based-consumer-bags-market/24465/

MLOps Market https://www.maximizemarketresearch.com/market-report/mlops-market/186990/

Automatic Identification and Data Capture Market https://www.maximizemarketresearch.com/market-report/automatic-identification-and-data-capture-market/14237/

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

3rd Floor, Navale IT Park, Phase 2
Pune Banglore Highway, Narhe,
Pune, Maharashtra 411041, India
sales@maximizemarketresearch.com
+91 96071 95908, +91 9607365656

๐€๐›๐จ๐ฎ๐ญ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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