Press release
Sports Tourism Market is Probable to Influence the Value of $1,803,704.0 million by 2030, Size, Share, Trends and Growth
The global sports tourism market size was valued at $323,420.0 million in 2020, and is projected to reach $1,803,704.0 million by 2030, registering a CAGR of 16.1% from 2021 to 2030Get Sample PDF Of This Report: https://www.alliedmarketresearch.com/request-sample/13441
Sports tourism is defined as travel that includes either observing or participating in a sporting event while away from the tourists' usual surroundings. Traveling from one region, country, or state to another to watch a sporting event or game is known as sports tourism. While sports tourism has not always been extremely popular, the number of people attending sporting events has increased dramatically in the last decade. People are now travelling long distances to attend their favorite events, fueling sports tourism's sudden surge in popularity. There are three types of sports tourism: sports event tourism, celebrity and nostalgia sport tourism, and active sport tourism.
Sports tourism has benefited people of all ages, regardless of their socioeconomic status or background. Sports is a tourism industry investment that results in effective economic growth. It stimulates economic growth by providing a variety of lodging options, such as hotels, restaurants, and retail outlets. Efforts are made in towns or locations where sporting events are held to lead to improvements in a variety of areas that may effectively contribute to facilitating visitor visits.
The global sports tourism industry is witnessing growth as the number of sporting events held around the world has increased. To increase spectator engagement, new tournaments are being held in existing venues, and new venues for existing tournaments are being built to broaden the reach and appeal of sports. Increased sporting events will help the tourism industry attract more tourists to sporting venues, which will eventually accelerate future demand for hotel and resort services. An increase in the number of sporting events will help to attract more tourists to sporting venues, leading to the expansion of the sports tourism industry. The increasing number of sporting events held around the world will drive the global sports tourism market.
The key players in the global sports tourism market include BAC Sports, QuintEvents, Sports Travel & Hospitality Group, MATCH Hospitality, THG Sports, Club Europe Holidays Ltd., Gullivers Sports Travel Limited, Inspiresport, DTB Sports Hospitality and Event Management Ltd., and Great Atlantic Sports Travel.
The global sports tourism market is segmented on the basis of product, type, category, and region. On the basis of product, the market is categorized as football/soccer, cricket, motorsport, tennis, and others. As per type, it is divided into domestic and international. Based on category, the sports tourism market is segmented as active and passive. Region-wise, the sports tourism market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Procure Complete Report (290 Pages PDF with Insights, Charts, Tables, and Figures) @ https://www.alliedmarketresearch.com/checkout-final/9de9b41b80be53a0160980152feb76e1
As per the sports tourism market trends, by product, the football/soccer segment was the highest revenue contributor in 2020, due to enormous popularity and love for football among the global population. By type, the domestic segment held the largest market share. Government development policies and large investments in sports infrastructure such as playing fields, stadiums, and sports clubs, have significantly contributed to the growth of the domestic segment. Based on category, the passive segment garnered the highest sports tourism market share due to increase in sports activities and events across various countries.
With an increase in the number of sports tourists, there is a greater demand for more seating space at sporting venues all over the world. Because a larger number of visitors can be accommodated in sporting event facilities, larger seating capacities result in higher ticket revenue collection. The increase in revenue from tickets and sports packages will help the sports tourism industry to grow. Many sports organizations and events are working hard to expand their capacity to accommodate sports fans. A lack of financial support for franchisee teams, on the other hand, may result in event cancellation, harming the sports tourism market and acting as a restraint factor for the global sports tourism market.
An increase in the number of fan zones is expected to emerge as a major market trend. The sports industry's stakeholders are focusing on reaching a larger audience in order to showcase tournaments and expand their reach. This is advantageous to the sports tourism industry. An increasing number of sporting events are emphasizing the establishment of official fan zones. These fan zones can be established in the same region or city that is hosting the sporting event, or in a variety of other cities and regions that are not the host.
COVID-19 has the potential to impact the global economy in three ways: directly affecting production and demand, causing supply chain and market disruption, and having a financial impact on businesses and financial markets. The COVID-19 outbreak had a wide-ranging impact, resulting in flight cancellations, travel bans and quarantines, restaurant closures, and a ban on all indoor events in over forty countries. As a result, there has been a significant reduction in the volatility of the sports tourism market demand, a drop in business, a rise in panic among the people, and uncertainty about the future.
Inquiry Before Buying @: https://www.alliedmarketresearch.com/purchase-enquiry/13441
Key findings of the study
The global sports tourism market was valued at $323,420.0 million in 2020, and is projected to reach $1,803,704.0 million by 2030, registering a CAGR of 16.1% from 2021 to 2030.
By region, Europe was the highest revenue contributor, accounting for $119,018.6 million in 2020, and is estimated to reach $624,081.6 million by 2030, with a CAGR of 15.7%.
By product, the football/soccer segment was the highest contributor to the market, with $97,891.6 million in 2020, and is estimated to reach $516,691.3 million by 2030, at a CAGR of 15.8% during the forecast period.
By type, the domestic segment was the highest contributor to the market, with $181,415.6 million in 2020, and is estimated to reach $987,090.7 million by 2030, at a CAGR of 16.1% during the forecast period.
By category, the passive segment was the highest contributor to the market, with $190,844.4 million in 2020, and is estimated to reach $1,046,683.0 million by 2030, at a CAGR of 16.2% during the forecast period.
Reasons to Buy this Sports Tourism Market Report:
> Mergers and acquisitions should be well-planned by identifying the best manufacturer.
> Sort new clients or possible partners into the demographic you're looking for.
> Suitable for providing dependable and high-quality data and analysis to assist your internal and external presentations.
> Develop tactical initiatives by gaining a better grasp of the areas in which huge corporations can intervene.
> To increase and grow business potential and reach, develop and plan licencing and licencing strategies by finding possible partners with the most appealing projects.
> Recognize newcomers with potentially strong product portfolios and devise effective counter-strategies to acquire a competitive edge.
> To develop effective R&D strategies, gather information, analysis, and strategic insight from competitors
Related Reports :
Sports Apparel Market https://www.alliedmarketresearch.com/sports-apparel-market
Sports Equipment and Apparel Market https://www.alliedmarketresearch.com/sports-equipment-and-apparel-market
Europe Sports Equipment and Apparel Market https://www.alliedmarketresearch.com/europe-sports-equipment-and-apparel-market
Enotourism Market https://www.alliedmarketresearch.com/enotourism-market-A13687
Travel Accommodation Market https://www.alliedmarketresearch.com/travel-accommodation-market
Related Article:
https://www.prnewswire.com/news-releases/sports-tourism-market-to-garner-1-803-7-bn-globally-by-2030-at-16-1-cagr-allied-market-research-301375107.html
Contact:
David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com
Follow Us on | Facebook | LinkedIn | YouTube |
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Sports Tourism Market is Probable to Influence the Value of $1,803,704.0 million by 2030, Size, Share, Trends and Growth here
News-ID: 3624533 • Views: …
More Releases from Allied Market Research
![Cable Duct Market Size is Expected to Reach $13.3 Billion by 2032 | TE Connectivity Ltd., Leviton Manufacturing](https://cdn.open-pr.com/L/9/L912102546_g.jpg)
Cable Duct Market Size is Expected to Reach $13.3 Billion by 2032 | TE Connectiv …
According to a new report published by Allied Market Research, titled, "Cable Duct Market by Product Type, Material, End Use Industry, and Region: Global Opportunity Analysis and Industry Forecast, 2023-2032," The cable duct market was valued at $6.2 billion in 2022, and is estimated to reach $13.3 billion by 2032, growing at a CAGR of 7.8% from 2023 to 2032.
Download Research Report Sample & TOC :
https://www.alliedmarketresearch.com/request-sample/75324
A cable duct is a…
![Machine Control System Market Size Expected to Reach $12.2 Billion by 2032 | Mobile Automation, Topcon Corporation](https://cdn.open-pr.com/L/9/L912987656_g.jpg)
Machine Control System Market Size Expected to Reach $12.2 Billion by 2032 | Mob …
According to a new report published by Allied Market Research, titled, "Machine Control System Market By Type (Laser Scanners, Sensors, Global Navigation Satellite Systems, Total Stations), By End User (Infrastructure, Industrial, Residential, Commercial), By Equipment (Paving Systems, Graders, Excavators, Loaders, Dozers, Scrappers): Global Opportunity Analysis And Industry Forecast, 2023-2032". The global machine control system market was valued at $4.5 Billion in 2022 and is estimated to reach $12.2 Billion…
![Serious Games Market and Detailed Analysis of Industry figures with forecasts growth by 2030](https://cdn.open-pr.com/L/9/L912496433_g.jpg)
Serious Games Market and Detailed Analysis of Industry figures with forecasts gr …
As per the report published by Allied Market Research, the global serious games market was pegged at $5.94 billion in 2020, and is expected to reach $32.72 billion by 2030, growing at a CAGR of 18.4% from 2021 to 2030.
Rise in demand for better user engagement platforms across organizations, improvement in learning outcomes, adoption of virtual reality in training and development activities, and rise in use of mobile-based educational games…
![At CAGR of 43.2% | Sensor Patch Market Size is Expected to Reach $56.4 Billion by 2032](https://cdn.open-pr.com/L/9/L912205589_g.jpg)
At CAGR of 43.2% | Sensor Patch Market Size is Expected to Reach $56.4 Billion b …
According to a new report published by Allied Market Research, titled, "Sensor Patch Market by Product Type, Wearable Type, Application, and End User: Global Opportunity Analysis and Industry Forecast, 2023-2032" The sensor patch market was valued at $1.6 billion in 2022, and is estimated to reach $56.4 billion by 2032, growing at a CAGR of 43.2% from 2023 to 2032.
Download Research Report Sample & TOC :
https://www.alliedmarketresearch.com/request-sample/10190
Innovative wearables called sensor patches…
More Releases for Sports
Sports Tourism Market to Witness Massive Growth| ITC Sports Travel, Sports Tours …
A latest study released by HTF MI on Global Sports Tourism Market covering key business segments and wide scope geographies to get deep dive analysed market data. The study is a perfect balance bridging both qualitative and quantitative information of Sports Tourism market. The study provides historical data (i.e. Volume** & Value) from 2013 to 2018 and forecasted till 2025*. Some are the key & emerging players that are BAC…
Sports Tourism Market 2019 - BAC Sport, Great Atlantic Sports Travel, ITC Sports …
Global Sports Tourism Market 2019-2023:
With the rise in Global Sports Tourism Market, the need for niche Market has grown by a staggering rate. This has resulted in a major push in the Global Sports Tourism Market Industry Market. With Global Sports Tourism Market gaining traction across the globe including the developing Markets of APAC and Africa, many software providers have jumped onto the software bandwagon to develop and provide Global…
Big Boom in Global Sports Tourism Market 2018: BAC Sport, Great Atlantic Sports …
A professional survey done by Report Consultant has formulated a report titled “Global Sports Tourism Market”, which instills a crisp idea of the influential aspects affecting the growth of the market. It gives the new entrants a clear idea of all the business strategies incorporated by the key players, which is helping them regulate their trade success. It serves a reliable business tool helping the reader to understand the global…
Sports Tourism Market Breakdown of Leading Market Player’s 2018-2022: Great At …
ReportsWeb.com has announced the addition of the “Global Sports Tourism Market Size Status and Forecast 2018-2022” The report classifies the global Sports Tourism Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.
This report studies the global Sports Tourism market, analyzes and researches the Sports Tourism development status and forecast in United States, EU, Japan, China, India and Southeast…
Professional Sports Leagues Dominate U.S. Licensed Sports Merchandise Market By …
"The Report US Licensed Sports Merchandise Market: Trends, Opportunities and Forecasts (2016-2021) (By Segment - Sports Apparel, Sports Footwear, Sports Equipment -Videogames, Sporting goods and Toys; By Leagues - NFL, NBA, MLB, NHL; By Key Players - Competitive Landscape) provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. - MarketResearchReports.biz"
MarketResearchReports has announced the addition of a new research report providing an executive-level blueprint…
China Sports Market (Sports Apparel, Sports Footwear, Sports Equipment) & Foreca …
China Sports Market Overview
China sports market is expected to be more than US$ 100 Billion industry by the year 2020. To achieve this impressive growth China sports market is expected to grow with double digit CAGR. In the year 2010 Sports Apparel used to be the biggest market, but by 2015 Sports Equipment has overtaken Sports Apparel market. Company sales are highly fragmented and no single company holds double digit…