Global Sports Tourism Market Overview
According to SPER Market Research, the Global Sports Tourism Market is estimated to reach USD 3540.3 billion by 2033 with a CAGR of 17.73%.
Travel and tourism that are focused on sports are referred to as sports tourism. It entails people or groups traveling to various locations to take part in, watch, or participate in athletic events, competitions, or sports-related activities. In recent years, sports tourism has grown significantly in popularity as more people have been interested in fusing their passion of sports with travel adventures.
Exploring the Growth Drivers of the Global Sports Tourism Industry.
Many important reasons have contributed to the enormous rise of the global sports tourism market in recent years. Public have more money to spend on leisure pursuits like sports tourism as the world economies continue to expand. This makes it possible for customers to pay for travel costs, sporting event tickets, lodging, and other connected costs. Fans of various sports and sportsmen may be found all over the world thanks to the broad interest in sports. Sports tourism is on the rise as a result of people's desire to watch live games, competitions, or tournaments, which inspires them to go to other locations. Also, major sporting events like the Olympics, World Cups, and international competitions draw a lot of tourists to the cities that host them. By exhibiting the destination's sports infrastructure and amenities, these events not only boost sports tourism during the event itself but also encourage long-term tourism growth.
What challenges does the Global Sports Tourism Market face?
There are a number of obstacles that the global sports tourism market must overcome in order to thrive and grow. High Costs are one of the main issues. Major sporting events can be expensive to participate in or attend, including travel, lodging, tickets, and other connected fees. Some people or groups may find it difficult to access sports tourism due to the high fees, especially those with lower means. The timing of athletic events and contests frequently affects sports tourism. Market swings and seasonal trends are possible, with peak demand happening during significant events and declining demand during slow times. This might make it difficult for enterprises and tourist locations to maintain reliable revenue streams all year round. Infrastructure for sports needs to be developed and maintained with major investment. Some locations might not have the stadiums, venues, or sports facilities required to hold significant events or draw sports tourists. Inadequate infrastructure may prevent the development of sports tourism in some areas or impose restrictions on the kinds of sports that can be provided.
In what ways has the COVID-19 pandemic affected Global Sports Tourism Market?
The global sports tourism market has been significantly impacted by the COVID-19 epidemic, which has disrupted and challenged the whole sector. Sports competitions and activities were widely cancelled or postponed around the world as a result of the pandemic. Olympic Games, World Cup qualifying matches, and other significant international events were postponed, cancelled, or played without spectators. Because fans couldn't attend these events, sports tourism suffered greatly as a result. To stop the virus from spreading, governments instituted travel restrictions, such as border closures, quarantine procedures, and aircraft cancellations. Due to these restrictions, foreign travel was considerably decreased, making it difficult for sports tourists to get to their desired locations and take in sporting activities.
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Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Type, By Product, By Category
|
| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America
|
| Companies Covered | ATPI Ltd., BAC Sports Ltd., Club Europe Holidays Ltd., DTB Sports Management Ltd., Event Management Ltd., Fanatic Sports Pvt. Ltd., Gala Management Services Ltd., Gullivers Sports Travel Ltd., Inspiresport, International Sports Management Inc., ITC Travel Group, JTB India Pvt Ltd., KNT CT Holdings, MATCH Hospitality, QuintEvents LLC, Sports Travel & Hospitality Group Ltd., Sportsnet Corp. Pty Ltd., The Hospitality Group, Thomas Cook India Ltd., TravelOsports, Veda Sports Marketing Pvt Ltd., Victory Sports Tours, Others
|
Key Target Audience
- Amateur Athletes
- Corporate group and Incentive Travel
- Event Organizers
- Spectators and Families
- Sport Fans
- Sports Industry Professionals
- Sports Team and Athletes
Global Sports Tourism Market Segmentation:
1. By Type:
- Global Sports Tourism Market Value Share and Forecast, By Type, 2023-2033
- Domestic Sports Tourism
- International Sports Tourism
2. By Product:
- Global Sports Tourism Market Value Share and Forecast, By Product, 2023-2033
- Cricket Tourism
- Motorsport Tourism
- Soccer/Football Tourism
- Tennis Tourism
- Others
3. By Category:
- Global Sports Tourism Market Value Share and Forecast, By Category, 2023-2033
- Active Sports Tourism
- Passive Sports Tourism
4. By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- Latin America
Key Topics Covered in the Report
- Global Sports Tourism Market Size (FY’2023-FY’2033)
- Overview of Global Sports Tourism Market
- Segmentation of Global Sports Tourism Market By Type (Tourism, International Sports Tourism)
- Segmentation of Global Sports Tourism Market By Product (Cricket Tourism, Motorsport Tourism, Soccer/Football Tourism, Tennis Tourism, Others)
- Segmentation of Global Sports Tourism Market By Category (Active Sports Tourism, Passive Sports Tourism)
- Statistical Snap of Global Sports Tourism Market
- Growth Analysis of Global Sports Tourism Market
- Problems and Challenges in Global Sports Tourism Market
- Competitive Landscape in the Global Sports Tourism Market
- Impact of COVID-19 and Demonetization on Global Sports Tourism Market
- Details on Recent Investment in Global Sports Tourism Market
- Competitive Analysis of Global Sports Tourism Market
- Key Players in the Global Sports Tourism Market
- SWOT Analysis of Global Sports Tourism Market
- Global Sports Tourism Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Sports Tourism Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Sports Tourism Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Sports Tourism Market
7. Global Sports Tourism Market, By Type (USD Million)
7.1. Global Sports Tourism Market Value Share and Forecast, By Type, 2023-2033
7.2. Domestic Sports Tourism
7.3. International Sports Tourism
8. Global Sports Tourism Market, By Product (USD Million)
8.1. Global Sports Tourism Market Value Share and Forecast, By Product, 2023-2033
8.2. Cricket Tourism
8.3. Motorsport Tourism
8.4. Soccer/Football Tourism
8.5. Tennis Tourism
8.6. Others
9. Global Sports Tourism Market, By Category (USD Million)
9.1. Global Sports Tourism Market Value Share and Forecast, By Category, 2023-2033
9.2. Active Sports Tourism
9.3. Passive Sports Tourism
10. Global Sports Tourism Market Forecast, 2019-2033 (USD Million)
10.1. Global Sports Tourism Market Size and Market Share
11. Global Sports Tourism Market, By Type, 2019-2033 (USD Million)
11.1. Global Sports Tourism Market Size and Market Share By Type (2019-2026)
11.2. Global Sports Tourism Market Size and Market Share By Type (2027-2033)
12. Global Sports Tourism Market, By Product, 2019-2033 (USD Million)
12.1. Global Sports Tourism Market Size and Market Share By Product (2019-2026)
12.2. Global Sports Tourism Market Size and Market Share By Product (2027-2033)
13. Global Sports Tourism Market, By Category, 2019-2033 (USD Million)
13.1. Global Sports Tourism Market Size and Market Share By Category (2019-2026)
13.2. Global Sports Tourism Market Size and Market Share By Category (2027-2033)
14. Global Sports Tourism Market, By Region, 2019-2033 (USD Million)
14.1. Global Sports Tourism Market Size and Market Share By Region (2019-2026)
14.2. Global Sports Tourism Market Size and Market Share By Region (2027-2033)
14.3. Asia-Pacific
14.3.1. Australia
14.3.2. China
14.3.3. India
14.3.4. Japan
14.3.5. South Korea
14.3.6. Rest of Asia-Pacific
14.4. Europe
14.4.1. France
14.4.2. Germany
14.4.3. Italy
14.4.4. Spain
14.4.5. United Kingdom
14.4.6. Rest of Europe
14.5. Middle East and Africa
14.5.1. Kingdom of Saudi Arabia
14.5.2. United Arab Emirates
14.5.3. Rest of Middle East & Africa
14.6. North America
14.6.1. Canada
14.6.2. Mexico
14.6.3. United States
14.7. Latin America
14.7.1. Argentina
14.7.2. Brazil
14.7.3. Rest of Latin America
15. Company Profile
15.1. ATPI Ltd.
15.1.1. Company details
15.1.2. Financial outlook
15.1.3. Product summary
15.1.4. Recent developments
15.2. BAC Sports Ltd.
15.2.1. Company details
15.2.2. Financial outlook
15.2.3. Product summary
15.2.4. Recent developments
15.3. Club Europe Holidays Ltd.
15.3.1. Company details
15.3.2. Financial outlook
15.3.3. Product summary
15.3.4. Recent developments
15.4. DTB Sports Management Ltd.
15.4.1. Company details
15.4.2. Financial outlook
15.4.3. Product summary
15.4.4. Recent developments
15.5. Event Management Ltd.
15.5.1. Company details
15.5.2. Financial outlook
15.5.3. Product summary
15.5.4. Recent developments
15.6. Fanatic Sports Pvt. Ltd.
15.6.1. Company details
15.6.2. Financial outlook
15.6.3. Product summary
15.6.4. Recent developments
15.7. Gala Management Services Ltd.
15.7.1. Company details
15.7.2. Financial outlook
15.7.3. Product summary
15.7.4. Recent developments
15.8. Gullivers Sports Travel Ltd.
15.8.1. Company details
15.8.2. Financial outlook
15.8.3. Product summary
15.8.4. Recent developments
15.9. Inspiresport
15.9.1. Company details
15.9.2. Financial outlook
15.9.3. Product summary
15.9.4. Recent developments
15.10. International Sports Management Inc.
15.10.1. Company details
15.10.2. Financial outlook
15.10.3. Product summary
15.10.4. Recent developments
15.11. ITC Travel Group
15.11.1. Company details
15.11.2. Financial outlook
15.11.3. Product summary
15.11.4. Recent developments
15.12. JTB India Pvt Ltd.
15.12.1. Company details
15.12.2. Financial outlook
15.12.3. Product summary
15.12.4. Recent developments
15.13. KNT CT Holdings
15.13.1. Company details
15.13.2. Financial outlook
15.13.3. Product summary
15.13.4. Recent developments
15.14. MATCH Hospitality
15.14.1. Company details
15.14.2. Financial outlook
15.14.3. Product summary
15.14.4. Recent developments
15.15. QuintEvents LLC
15.15.1. Company details
15.15.2. Financial outlook
15.15.3. Product summary
15.15.4. Recent developments
15.16. Sports Travel & Hospitality Group Ltd.
15.16.1. Company details
15.16.2. Financial outlook
15.16.3. Product summary
15.16.4. Recent developments
15.17. Sportsnet Corp. Pty Ltd.
15.17.1. Company details
15.17.2. Financial outlook
15.17.3. Product summary
15.17.4. Recent developments
15.18. The Hospitality Group
15.18.1. Company details
15.18.2. Financial outlook
15.18.3. Product summary
15.18.4. Recent developments
15.19. Thomas Cook India Ltd.
15.19.1. Company details
15.19.2. Financial outlook
15.19.3. Product summary
15.19.4. Recent developments
15.20. TravelOsports
15.20.1. Company details
15.20.2. Financial outlook
15.20.3. Product summary
15.20.4. Recent developments
15.21. Veda Sports Marketing Pvt Ltd.
15.21.1. Company details
15.21.2. Financial outlook
15.21.3. Product summary
15.21.4. Recent developments
15.22. Victory Sports Tours
15.22.1. Company details
15.22.2. Financial outlook
15.22.3. Product summary
15.22.4. Recent developments
15.23. Others
16. List of Abbreviations
17. Reference Links
18. Conclusion
19. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
