Product Code: CMI6877
The sports tourism market is estimated to be valued at USD 769.37 Bn in 2024 and is expected to reach USD 1787.72 Bn by 2031, growing at a compound annual growth rate (CAGR) of 12.8% from 2024 to 2031.
Report Coverage |
Report Details |
Base Year: |
2023 |
Market Size in 2024: |
US$ 769.37 Bn |
Historical Data for: |
2019 To 2023 |
Forecast Period: |
2024 To 2031 |
Forecast Period 2024 to 2031 CAGR: |
12.80% |
2031 Value Projection: |
US$ 1787.72 Bn |
Figure. Sports Tourism Market Share (%), By Region 2024
Sports tourism is a growing phenomenon worldwide. It refers to trips and visits undertaken by sports enthusiasts to attend sports events or to participate actively in various sporting activities. Major activities included under sports tourism are extreme sports events, water sports, winter sports, golfing trips, and so on. Sports events and competitions attract thousands of spectators from across the globe, providing an impetus to the travel and hospitality industry in the host destinations. The growing popularity of international sports leagues and competitions has substantially boosted sports tourism in recent years. The market is expected to expand further in the coming decade due to increasing incomes, adventurous mindsets among millennial travelers, and government initiatives to promote niche tourism segments.
Market Dynamics:
The global sports tourism market is driven by the rising popularity of international sporting events and improving sports infrastructure in various destinations. Factors such as increasing travel expenditures of sports enthusiasts, aggressive marketing by destinations to attract sports events, and growing participation in niche sporting activities are fueling the market growth. However, seasonality concerns and dependence on a few mega sporting events pose challenges. On the positive side, emerging trends like sports-integrated vacation packages and social media promotion of untapped destinations offer new opportunities. Overall, the market is expected to witness lucrative prospects with the continued growth of the global sports industry and the travel sector.
Key Features of the Study:
- This report provides an in-depth analysis of the global sports tourism market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year.
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
- It profiles key players in the global sports tourism market based on the following parameters company highlights, products portfolio, key highlights, financial performance, and strategies.
- Key companies covered as a part of this study include Victory Sports Tours, BAC Sports Ltd., DTB Sports Management Ltd, Fanatic Sports Pvt. Ltd. , Gala Management Services Ltd., Global Sports Travel and Tours Pty Ltd., International Sports. Management Inc., ITC Travel Group, JTB India Pvt. Ltd., KNT CT Holdings , Match Hospitality AG, QuintEvents LLC , Sports Tours International Ltd., Sports Travel and Hospitality Group Ltd., Sportsnet Corp. Pty Ltd., The Hospitality Group, Thomas Cook India Ltd., Travel sport, Veda Sports Marketing Pvt. Ltd., and TPI Ltd.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
- The global sports tourism market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global sports tourism market.
Market Segmentation
- Sports Type:
- Hockey
- Soccer/Football
- Cricket
- Basketball
- Tennis
- Others
- Tourism Type:
- Regional:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Company Profiles:
- Victory Sports Tours
- BAC Sports Ltd.
- DTB Sports Management Ltd
- Fanatic Sports Pvt. Ltd.
- Gala Management Services Ltd.
- Global Sports Travel and Tours Pty Ltd.
- International Sports Management Inc.
- ITC Travel Group
- JTB India Pvt. Ltd.
- KNT CT Holdings
- Match Hospitality AG
- QuintEvents LLC
- Sports Tours International Ltd.
- Sports Travel and Hospitality Group Ltd.
- Sportsnet Corp. Pty Ltd.
- The Hospitality Group
- Thomas Cook India Ltd.
- Travel sport
- Veda Sports Marketing Pvt. Ltd.
- TPI Ltd.
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Sports Type
- Market Snippet, By Tourism Type
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Key Developments
- Tourism Type Trend
4. Global Sports Tourism Market - Impact of Coronavirus (COVID-19) Pandemic
- Overview
- Factors Affecting the Global Sports Tourism Market - COVID-19
- Impact Analysis
5. Global Sports Tourism Market, By Sports Type, 2019-2031 (US$ Bn)
- Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Hockey
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Soccer/Football
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Cricket
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Basketball
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Tennis
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Others
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
6. Global Sports Tourism Market, By Tourism Type, 2019-2031 (US$ Bn)
- Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Active
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Passive
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Nostalgia
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
7. Global Sports Tourism Market, By Region, 2019-2031 (US$ Bn)
- Introduction
- Market Share Analysis, By Region, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2019 - 2031
- North America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2019 - 2031
- Market Size and Forecast, By Sports Type, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By Tourism Type, 2019- 2031 (US$ Bn)
- Countries
- U.S.
- Canada
- Latin America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2019 - 2031
- Market Size and Forecast, By Sports Type, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By Tourism Type, 2019- 2031 (US$ Bn)
- Countries
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2019 - 2031
- Market Size and Forecast, By Sports Type, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By Tourism Type, 2019- 2031 (US$ Bn)
- Countries
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2019 - 2031
- Market Size and Forecast, By Sports Type, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By Tourism Type, 2019- 2031 (US$ Bn)
- Countries
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2019 - 2031
- Market Size and Forecast, By Sports Type, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By Tourism Type, 2019- 2031 (US$ Bn)
- Sub-regions/Countries
- GCC Countries
- Israel
- Rest of Middle East & Africa
8. Competitive Landscape
- Heat Map Analysis
- Market Share Analysis (3x3 Matrix)
- Company Profiles
- Victory Sports Tours
- Company Overview
- Sports Type Portfolio
- Recent Developments/Updates
- BAC Sports Ltd.
- Company Overview
- Sports Type Portfolio
- Recent Developments/Updates
- DTB Sports Management Ltd
- Company Overview
- Sports Type Portfolio
- Recent Developments/Updates
- Fanatic Sports Pvt. Ltd.
- Company Overview
- Sports Type Portfolio
- Recent Developments/Updates
- Gala Management Services Ltd.
- Company Overview
- Sports Type Portfolio
- Recent Developments/Updates
- Global Sports Travel and Tours Pty Ltd.
- Company Overview
- Sports Type Portfolio
- Recent Developments/Updates
- International Sports Management Inc.
- Company Overview
- Sports Type Portfolio
- Recent Developments/Updates
- ITC Travel Group
- Company Overview
- Sports Type Portfolio
- Recent Developments/Updates
- JTB India Pvt. Ltd.
- Company Overview
- Sports Type Portfolio
- Recent Developments/Updates
- KNT CT Holdings
- Company Overview
- Sports Type Portfolio
- Recent Developments/Updates
- Match Hospitality AG
- Company Overview
- Sports Type Portfolio
- Recent Developments/Updates
- QuintEvents LLC
- Company Overview
- Sports Type Portfolio
- Recent Developments/Updates
- Sports Tours International Ltd.
- Company Overview
- Sports Type Portfolio
- Recent Developments/Updates
- Sports Travel and Hospitality Group Ltd.
- Company Overview
- Sports Type Portfolio
- Recent Developments/Updates
- Sportsnet Corp. Pty Ltd.
- Company Overview
- Sports Type Portfolio
- Recent Developments/Updates
- The Hospitality Group
- Company Overview
- Sports Type Portfolio
- Recent Developments/Updates
- Thomas Cook India Ltd.
- Company Overview
- Sports Type Portfolio
- Recent Developments/Updates
- Travel sport
- Company Overview
- Sports Type Portfolio
- Recent Developments/Updates
- Veda Sports Marketing Pvt. Ltd.
- Company Overview
- Sports Type Portfolio
- Recent Developments/Updates
- TPI Ltd.
- Company Overview
- Sports Type Portfolio
- Recent Developments/Updates
9. Analyst Recommendation
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
10. Section
- References
- Research Methodology
- About Us and Sales Contact
- Browse 50 market data tables* and 40 figures* on "Global Sports Tourism Market" - forecast to 2031.