Sports Tourism Market Size- By Type, By Product, By Category- Regional Outlook, Competitive Strategies and Segment Forecasts to 2032

Description

Global Sports Tourism Market Overview:

According to SPER Market Research, the Global Sports Tourism Market is estimated to reach USD 2021.52 billion by 2032 with a CAGR of 16.5%.

Travel, tourism, and sports are all intertwined. Whether it's fans traveling abroad to see a major sports league or professional players and officials visiting competitions and events, sports tourism is already a well-established niche segment in the travel industry. The tourist sector is growing quickly. Traveling is a great way to break up the monotony of daily living. To break up the monotony of life, many individuals opt to take a short or extended vacation. The meaning of tourism, however, changes as a generation becomes older and leans more toward adventure. The X and Y generations are drawn to traditional culture, values, food, monuments, and lifestyles because they provide visitors with an unforgettable and enduring experience. Sports events are popular in nations like the United Kingdom, the United States, Germany, Australia, Spain, and France, which draw both local and foreign tourists from all over the world. The development of infrastructure in many emerging nations, like Brazil, Sri Lanka, and India, is predicted to fuel the growth of the global sports tourism industry.

There are several reasons why sporting events are postponed, including a lack of funding. Planning a sporting event requires a sizable time and financial commitment. Sports events require a considerable financial commitment since they are arranged by a huge number of individuals. Sports event planners regularly engage in overt commercialism and bad financial management, making ill-advised choices about ticket prices and sponsors. Franchise-based sports leagues include the Big Bash League, Pakistan Super League, and Indian Premier League (IPL). On the other side, event cancellations brought on by a lack of financial support for franchise owner teams may hurt the sports tourism industry. As a result, the sports tourism business would expand more slowly if athletic events are postponed because of a lack of funding.

Impact of COVID-19 on the Global Sports Tourism Market

Three possible consequences of COVID-19 on the world economy are a direct influence on supply and demand, market and supply chain disruption, and a financial impact on companies and financial markets. Travel restrictions, flight cancellations, restaurant closures, quarantines, and the prohibition of all indoor activities in several countries are just a few examples of the extensive effects the COVID-19 pandemic has had. As a result, there has been a significant decrease in the volatility of the sports tourism market, a decline in company confidence, a rise in public fear, and concern about the future.

Scope of the Report:

Market size available for years 2019-2032

Base year considered 2021

Forecast period 2022-2032

Segments covered By Product, By Indication, By Distribution Channel

Geographies covered: North America, Europe, Asia Pacific, Latin America, Middle East and Africa

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., Global Sports Travel and Tours Pty Ltd., Great Atlantic Sports Travel, Gullivers Sports Travel Ltd., Inspiresport, International Sports Management Inc., ITC Travel Group, JTB India Pvt. Ltd., KNT CT Holdings, MATCH Hospitality, QuintEvents LLC, Sports Tours International Ltd., 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.

Global Sports Tourism Market Segmentation:

By Type: Based on the Type, Global Sports Tourism Market is segmented as; Domestic Sports Tourism, International Sports Tourism.

By Product: Based on the Product, Global Sports Tourism Market is segmented as; Cricket Tourism, Motorsport Tourism, Soccer/Football Tourism, Tennis Tourism, Others.

By Category: Based on the Category, Global Sports Tourism Market is segmented as; Active Sports Tourism, Passive Sports Tourism.

By Region: Due to rising disposable incomes, a growing population, and the increasing importance of sports in important nations like Canada and the United States, Asia Pacific is anticipated to account for the largest revenue share over the forecast period. Governments in the region are starting to develop strategies and providing investments for the improvement of sports infrastructure, including stadiums, clubs, playing fields, and other facilities. Over the projected period, this important element is anticipated to fuel the market for sports tourism's revenue growth.

Product Code: TRAT2201

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 variables 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 analysis
- 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. Global Sports Tourism Market, By Type, 2019-2032 (USD Million)

6.1. Domestic Sports Tourism
6.2. International Sports Tourism

7. Global Sports Tourism Market, By Product, 2019-2032 (USD Million)

7.1. Cricket Tourism
7.2. Motorsport Tourism
7.3. Soccer/Football Tourism
7.4. Tennis Tourism
7.5. Others

8. Global Sports Tourism Market, By Category, 2019-2032 (USD Million)

8.1. Active Sports Tourism
8.2. Passive Sports Tourism

9. Global Sports Tourism Market, By Region, 2019-2032 (USD Million)

9.1 North America
- 9.1.1 United States
- 9.1.2 Canada
- 9.1.3 Mexico
9.2 Europe
- 9.2.1 Germany
- 9.2.2 United Kingdom
- 9.2.3 France
- 9.2.4 Italy
- 9.2.5 Spain
- 9.2.6 Rest of Europe
9.3 Asia-Pacific
- 9.3.1 China
- 9.3.2 Japan
- 9.3.3 India
- 9.3.4 Australia
- 9.3.5 South Korea
- 9.3.6 Rest of Asia-Pacific
9.4 South America
- 9.4.1 Brazil
- 9.4.2 Argentina
- 9.4.3 Rest of South America
9.5 Middle East & Africa
- 9.5.1 Kingdom of Saudi Arabia
- 9.5.2 United Arab Emirates
- 9.5.3 Rest of Middle East & Africa

10. Company Profiles

10.1 ATPI Ltd.
- 10.1.1 Company details
- 10.1.2 Financial outlook
- 10.1.3 Product summary
- 10.1.4 Recent developments
10.2 BAC Sports Ltd.
- 10.2.1 Company details
- 10.2.2 Financial outlook
- 10.2.3 Product summary
- 10.2.4 Recent developments
10.3 Club Europe Holidays Ltd.
- 10.3.1 Company details
- 10.3.2 Financial outlook
- 10.3.3 Product summary
- 10.3.4 Recent developments
10.4 DTB Sports Management Ltd.
- 10.4.1 Company details
- 10.4.2 Financial outlook
- 10.4.3 Product summary
- 10.4.4 Recent developments
10.5 Event Management Ltd.
- 10.5.1 Company details
- 10.5.2 Financial outlook
- 10.5.3 Product summary
- 10.5.4 Recent developments
10.6 Fanatic Sports Pvt. Ltd.
- 10.6.1 Company details
- 10.6.2 Financial outlook
- 10.6.3 Product summary
- 10.6.4 Recent developments
10.7 Gala Management Services Ltd.
- 10.7.1 Company details
- 10.7.2 Financial outlook
- 10.7.3 Product summary
- 10.7.4 Recent developments
10.8 Global Sports Travel and Tours Pty Ltd.
- 10.8.1 Company details
- 10.8.2 Financial outlook
- 10.8.3 Product summary
- 10.8.4 Recent developments
10.9 Great Atlantic Sports Travel
- 10.9.1 Company details
- 10.9.2 Financial outlook
- 10.9.3 Product summary
- 10.9.4 Recent developments
10.10 Gullivers Sports Travel Ltd.
- 10.10.1 Company details
- 10.10.2 Financial outlook
- 10.10.3 Product summary
- 10.10.4 Recent developments
10.11 Inspiresport
- 10.11.1 Company details
- 10.11.2 Financial outlook
- 10.11.3 Product summary
- 10.11.4 Recent developments
10.12 International Sports Management Inc.
- 10.12.1 Company details
- 10.12.2 Financial outlook
- 10.12.3 Product summary
- 10.12.4 Recent developments
10.13 ITC Travel Group
- 10.13.1 Company details
- 10.13.2 Financial outlook
- 10.13.3 Product summary
- 10.13.4 Recent developments
10.14 JTB India Pvt. Ltd.
- 10.14.1 Company details
- 10.14.2 Financial outlook
- 10.14.3 Product summary
- 10.14.4 Recent developments
10.15 KNT CT Holdings
- 10.15.1 Company details
- 10.15.2 Financial outlook
- 10.15.3 Product summary
- 10.15.4 Recent developments
10.16 MATCH Hospitality
- 10.16.1 Company details
- 10.16.2 Financial outlook
- 10.16.3 Product summary
- 10.16.4 Recent developments
10.17 QuintEvents LLC
- 10.17.1 Company details
- 10.17.2 Financial outlook
- 10.17.3 Product summary
- 10.17.4 Recent developments
10.18 Sports Tours International Ltd.
- 10.18.1 Company details
- 10.18.2 Financial outlook
- 10.18.3 Product summary
- 10.18.4 Recent developments
10.19 Sports travel & hospitality group Ltd.
- 10.19.1 Company details
- 10.19.2 Financial outlook
- 10.19.3 Product summary
- 10.19.4 Recent developments
10.20 Sportsnet Corp. Pty Ltd.
- 10.20.1 Company details
- 10.20.2 Financial outlook
- 10.20.3 Product summary
- 10.20.4 Recent developments
10.21 The Hospitality Group
- 10.21.1 Company details
- 10.21.2 Financial outlook
- 10.21.3 Product summary
- 10.21.4 Recent developments
10.22 Thomas Cook India Ltd.
- 10.22.1 Company details
- 10.22.2 Financial outlook
- 10.22.3 Product summary
- 10.22.4 Recent developments
10.23 TravelOsports
- 10.23.1 Company details
- 10.23.2 Financial outlook
- 10.23.3 Product summary
- 10.23.4 Recent developments
10.24 Veda Sports Marketing Pvt. Ltd.
- 10.24.1 Company details
- 10.24.2 Financial outlook
- 10.24.3 Product summary
- 10.24.4 Recent developments
10.25 Victory Sports Tours
10.26 Company details
10.27 Financial outlook
10.28 Product summary
10.29 Recent developments