Industry Background:
The sport tourism refers to the experience of travel to involve in or view sport-related activities. Several conditions have supported in the increased popularity of sport-tourism. The main factors that have contributed to this growth are economic forces, technological innovations and attitudinal and value changes. The sport tourism market is anticipated to witness a high growth in near future due to it creates economic growth through filled hotels, restaurants and retail establishments and rising spending capacity from the global population led to rising participation in sports tourism
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | BAC Sport (United Kingdom), Great Atlantic Sports Travel (United States), ITC Sports Travel (United Kingdom), TUI (Germany), Fanatic Sports (India), Sportsnet Holidays (Australia), Sports Tours India (India), Sports Tours International (United Kingdom), Sports Travel (United Kingdom) and T4S (United States) |
This growth is primarily driven by Increasing Contribution toward GDP and Employment and Rising Spending Capacity from the Global Population Led To Rising Participation in Sports Tourism.
Globally, a noticeable market trend is evident Rising Number of Sporting Events Worldwide
The Tourism sector in the Europe region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as BAC Sport (United Kingdom), Great Atlantic Sports Travel (United States), ITC Sports Travel (United Kingdom), TUI (Germany), Fanatic Sports (India), Sportsnet Holidays (Australia), Sports Tours India (India), Sports Tours International (United Kingdom), Sports Travel (United Kingdom) and T4S (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The players are exploring the market in new regions by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. Key players are exploring new geographies through expansions and acquisitions across the world to avail a competitive advantage through combined synergies
Influencing Trend:
Rising Number of Sporting Events Worldwide and Launch of Low-Cost Airlines across the Globe
Market Growth Drivers:
Increasing Contribution toward GDP and Employment and Rising Spending Capacity from the Global Population Led To Rising Participation in Sports Tourism
Challenges:
Issue of the Impact of Sport Tourism on Natural Resources
Restraints:
High Impact of Terrorism on Sport Tourism
Opportunities:
Rising Opportunities with Sports Analytics
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Sports Tourism Market
- Analysis about New Entrants in Sports Tourism Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Sports Tourism Study Sheds Light on
The Sports Tourism Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Sports Tourism industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Sports Tourism industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.