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Emerging Trends, Drivers and Challenges in the Sports Tourism Market 2019 – 2023 | Technavio

Emerging Trends, Drivers and Challenges in the Sports Tourism Market 2019 – 2023 | Technavio

LONDON--(BUSINESS WIRE)--Sep 27, 2019--

The global sports tourism market size is poised to grow by USD 6,120 billion during 2019-2023, according to a new report by Technavio, progressing at a CAGR of 36% during the forecast period.

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Technavio has announced its latest market research report titled global sports tourism market 2019-2023. (Graphic: Business Wire)

Read the 144-page research report with TOC on "Sports Tourism Market Analysis Report by product (soccer tourism, cricket tourism, tennis tourism, and others), type (domestic and international sports tourism), category (passive and active sports tourism), and geography (the Americas, APAC, and EMEA) 2019 - 2023" at:

https://www.technavio.com/report/global-sports-tourism-market-industry-analysis

The market is driven by the increasing number of sports events. Also, the growing government support for sports tourism is anticipated to further boost the growth of the market during the forecast period.

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With an increase in the number of national and international tournaments being planned, the sports tourism market will witness considerable growth through 2023. The new T20 league that will be organized by Cricket South Africa and the Pro Volleyball League that will be organized by the Volleyball Federation of India are some of the major events that will be conducted during the forecast period. Due to this rise in the number of sporting events, there will be an increase in the inflow of tourists to sporting destinations, driving the growth of the sports tourism industry.

Furthermore, various countries such as Russia, the UK, Germany, India, China, the US, Spain, and Canada are focusing on sports to promote tourism. Sports tourism caters to various tourists traveling to other regions to participate in and witness sports events. The tourists also invest in products and services such as transport, accommodation, food and beverages, and souvenirs. This has a favorable impact on the economy, as sports tourism promotes the growth of the tourism supply chain, leading to GDP growth of the country. As a result, several governments are focusing on promoting sports tourism to enhance the revenue from their tourism industry, thereby driving the overall growth of the market.

To find out more about Sports Tourism Market Research 2019-2023,https://www.technavio.com/talk-to-us?report=IRTNTR30607

The report includes detailed profiles of the leading companies & prominent vendors of the market:

  • BAC Sports
  • MATCH Hospitality
  • QuintEvents
  • Sports Travel & Hospitality Group
  • THG Sports

Market Segmentation by Category and Product Types:

The Sports Tourism Market can be broadly categorized into the following product segment:

  • Soccer tourism
  • Cricket tourism
  • Tennis tourism
  • Others

Key Regions for the Sports Tourism Market:

Featuring a breakdown of region-wise market shares until 2019.

  • Americas
  • APAC
  • EMEA

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

Related Reports on Consumer Discretionary Market are:

Licensed Sports Merchandise Market – Global Licensed Sports Merchandise Market by distribution channel (offline and online), product (apparel and footwear, accessories and gifts, toys and games, and others), end-users (men, women, and children) and geography (APAC, Europe, MEA, North America, and South America).

Swimwear Market – Global Swimwear Market by product (women’s swimwear, men’s swimwear, and children’s swimwear), distribution channel (offline and online) and geography (APAC, Europe, MEA, North America, and South America)

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190927005303/en/

CONTACT: Technavio Research

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KEYWORD:

INDUSTRY KEYWORD: SPORTS OTHER TRAVEL TRAVEL GENERAL SPORTS

SOURCE: Technavio Research

Copyright Business Wire 2019.

PUB: 09/27/2019 11:00 AM/DISC: 09/27/2019 11:01 AM

http://www.businesswire.com/news/home/20190927005303/en