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An Increase In The Number Of Young Players Is Driving The Growth Of The Sports Tourism Market: Major Factor in the Transformation of the Sports Tourism Market in 2025
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Over the past few years, the size of the sports tourism market has experienced significant expansion. The market, which was valued at $583.14 billion in 2024, will witness an increase to $649.73 billion in 2025, projecting a compound annual growth rate (CAGR) of 11.4%. Factors contributing to the growth observed in the historical period include enhanced transportation infrastructure, the surge of sports media, intensifying globalization, a thriving sports industry, and an increasing quantity of sports tournaments.
In the coming years, the sports tourism market is anticipated to experience a rapid increase in size. It's projected that by 2029, it will expand to $992.32 billion, with a compound annual growth rate (CAGR) of 11.2%. This growth during the forecast period can be linked to the expansion in advertising, a climb in the participation of women's teams, a rise in fan zones, the escalating need for technology, and growing investments by a host of organizations. A few notable trends for the forecast period are the integration of AI into wearable gadgets, such as watches and heart rate monitors for athlete tracking, digital transformation, technological progress, the rise of the Internet of Things (IoT), and the integration of AR and VR in sports.
What Key Elements Are Boosting Growth in the Sports Tourism Market?
The surge in youth participation is predicted to fuel the development of the sports tourism market. The escalation in sports participation from the younger generation is influenced by an enhanced understanding of health benefits, easier access to sports workshops, and improved community involvement. The involvement of young athletes in sports boosts sports tourism, creating a demand for youth sports activities and competitions, encouraging travel for tournaments and training programs. For instance, a report by the Sports and Fitness Industry Association (SFIA), located in the US, stated that in December 2023, team sports participation in the US increased from 67 million in 2020 to 70.8 million in 2022, which is a rise of 3.6 million participants. A significant increase in overall team sports participation, particularly in the age groups 6-to-12 and 13-to-17, was evident as they exhibited higher engagement levels from 2021 to 2022. Consequently, the surge in youth players is steering the development of the sports tourism market.
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Who Are the Major Industry Players Fueling Sports Tourism Market Expansion?
Major companies operating in the sports tourism market are KNT CT Holdings, IMG Travel, Thomas Cook India Ltd., International Sports Management Inc., Teamlink Travel, Match Hospitality AG, QuintEvents LLC, Sports Tours International Ltd., Sportsnet Corp. Pty Ltd., JTB India Pvt. Ltd., Fanatic Sports Pvt. Ltd., Event Travel Management, Sports Travel and Hospitality Group Ltd., Travel And Sport, Veda Sports Marketing Pvt. Ltd., Victory Sports Tours, BAC Sports Ltd., DTB Sports Management Ltd, Premiership Experience, Global Sports Travel and Tours Pty Ltd., Sports Travel Group, ITC Travel Group, Hospitality Group
Which Key Developments Are Influencing the Sports Tourism Market?
Major corporations in the sports tourism market are keen to develop sophisticated solutions such as dynamic real-time index scoring for improved decision-making and efficient event management. This system involves an ongoing assessment and update of scores for places, events, and facilities based on real-time information, which allows relevant parties to make educated decisions and swiftly adjust to fluctuations. For example, in June 2024, Tempest, an American software, website, and digital marketing solutions provider, unveiled the Sports Tourism Index 2.0. This enhanced platform is designed to boost destination marketing organizations (DMOs) and sports event right holders' capabilities. The improved platform boasts substantial upgrades, including superior event search features with predictive abilities, dynamic real-time index scoring, and comprehensive facility and user team management tools. Furthermore, it provides convenient reporting and advanced matchmaking features to align events with appropriate facilities seamlessly.
How Is the Segmentation of the Sports Tourism Market Defined?
The sports tourism market covered in this report is segmented -
1) By Tourism: Active, Passive, Nostalgia
2) By Type: Soccer And Football, Cricket, Basketball, Tennis, Hockey, Other Types
3) By Sports Activity: Adventure Sports Tourism, Individual Sports Tourism, Team Sports Tourism
4) By Booking Channel: Online Booking Platform, Direct Bookings, Travel Agencies, Social Media Platforms, Other Booking Channels
Subsegments:
1) By Active: Sports Participation, Sports Training Camps, Sports Competitions (Amateur)
2) By Passive: Spectator Sports Events, Sports Fan Tourism (Attending Games, Tournaments)
3) By Nostalgia: Historical Sports Events, Sports Heritage Tours, Museums And Hall Of Fame Visits
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What Is the Leading Region in the Sports Tourism Market?
Europe was the largest region in the sports tourism market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the sports tourism market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Sports Tourism Global Market Report?
- Market Size Analysis: Analyze the Sports Tourism Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Sports Tourism Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Sports Tourism Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Sports Tourism Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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