Sports Tourism Market: Increase in Number of Sporting Events to Boost Growth

Global sports tourism market is projected to post an incremental growth of $ 890.90 billion, accelerating at a CAGR of over 13% during the forecast period. This research provides a detailed analysis of the market segments and geographic landscape. It also offers insights into the various growth factors and challenges that are likely to have a negative impact on market growth. This thorough research will equip clients with the insights necessary to plan and strategize a post-pandemic recovery plan.

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Sports Tourism Market: Market Segments and Growth Forecasts

This research report will provide insights into the current market share of each segment along with growth projections for the next five years.

• Market is segmented by Product (Soccer tourism, Cricket tourism, Tennis tourism, and Others), Type (Domestic sports tourism and International sports tourism), Application (Passive sports tourism and Active sports tourism), and Geography (Europe, APAC, North America, South America, and MEA).
• Growth by the soccer tourism segment will be significant during the forecast period. The viewership for soccer is the highest among other sports globally. The increasing number of soccer tournaments would provide more avenues for soccer tourists to participate..
• 57% of the market growth will originate from Europe during the forecast period. UK, Germany, and Spain are the key markets for sports tourism in Europe. Market growth in this region will be faster than the growth of the market in other regions owing to the large number of sports events that are organized in the region.
• This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the Sports Tourism Market size.

Sports Tourism Market: Trends, Drivers, Challenges

The report also offers a detailed impact analysis of various trends, drivers, and challenges that are likely to influence the market growth during the forecast period. These insights will equip clients to design a growth strategy for their business and area of operations.

• Increase in number of sporting events will be a significant factor in driving the growth of the Sports Tourism Market.  An increase in the number of sporting events with the addition of new tournaments has led to the creation of new sporting venues which will help in attracting more visitors to sporting destinations.
• The development of VR technology is another factor supporting the sports tourism market share growth. The creation of interactive and simulated environments using computers and software allows users to participate in virtual activities through simulations. These simulations also allow interactions with other participants. The participants can experience life-like scenarios on a virtual plane which will increase their interest and engagement with sporting events. This will lead them to seek live participation in sporting events which in turn will lead to market growth. 

Sports Tourism Market: Vendor Analysis

• The market is fragmented.
• BAC Sports Ltd., DTB Sports Hospitality and Event Management Ltd., Great Atlantic Sports Travel, International Sports Management Inc., MATCH Hospitality AG, QuintEvents LLC, Sports Tours International Ltd., Sports Travel & Hospitality Group Ltd.,  Sportsnet Corporation Pty Ltd., and travelOsports are some of the major market participants.
• The unprecedented outbreak of COVID-19 in 2020 has had a significant impact on market segments had a ripple effect on various stakeholders. Our vendor analysis and insights will provide you with all the information required to make the most of the opportunities and plan business recovery and growth post the pandemic.

Key Areas Covered in our Report:

• Sports Tourism Market Split by Product
  • Soccer tourism
  • Cricket tourism
  • Tennis tourism
  • Others
• Sports Tourism Market Split by Type
  • Domestic sports tourism
  • International sports tourism
• Sports Tourism Market Split by Application
  • Passive sports tourism
  • Active sports tourism
• Sports Tourism Market Split by Geography
  • Europe
  • APAC
  • North America
  • South America
  • MEA

Customer landscape

• Customer landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• APAC - Market size and forecast 2020-2025
• MEA - Market size and forecast 2020-2025
• Europe - Market size and forecast 2020-2025
• North America - Market size and forecast 2020-2025
• South America - Market size and forecast 2020-2025
• Key leading countries
• Market opportunity by geography
• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Competitive scenario
• Vendor landscape
• Landscape disruption

Vendor Analysis

• BAC Sports Ltd.
• DTB Sports Hospitality and Event Management Ltd.
• Great Atlantic Sports Travel
• International Sports Management Inc.
• MATCH Hospitality AG
• QuintEvents LLC
• Sports Tours International Ltd.
• Sports Travel & Hospitality Group Ltd.
•  Sportsnet Corporation Pty Ltd.
• travelOsports

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The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market will accelerate at a CAGR of over 13%.
    
2. What is the incremental growth of the market?
   The market is expected to grow by $ 890.90 bn through 2021-2025.
    
3. What is a key factor driving this market?
   increasing number of sporting events will drive market growth over the forecast period.
    
4. What are the key regions covered in this market research report?
   Europe, APAC, North America, South America, and MEA are the key regions featured in this research report.
    
5. Which is the leading geographic region for this market:
   57% growth will originate from Europe
    
6. Who are the leading market vendors?
   The leading vendors in this market are BAC Sports Ltd., DTB Sports Hospitality and Event Management Ltd., Great Atlantic Sports Travel, International Sports Management Inc., MATCH Hospitality AG, QuintEvents LLC, Sports Tours International Ltd., Sports Travel & Hospitality Group Ltd.,  Sportsnet Corporation Pty Ltd., and travelOsports
    
7. What are the market segments covered in this report?
   The market is segmented by Product (Soccer tourism, Cricket tourism, Tennis tourism, and Others), Type (Domestic sports tourism and International sports tourism), Application (Passive sports tourism and Active sports tourism), and Geography (Europe, APAC, North America, South America, and MEA)