Global Sports Tourism Industry

Global Sports Tourism Industry

  • April 2021 •
  • 371 pages •
  • Report ID: 5960173 •
  • Format: PDF
Abstract:
- Global Sports Tourism Market to Reach $14.4 Trillion by 2027
- Amid the COVID-19 crisis, the global market for Sports Tourism estimated at US$2.2 Trillion in the year 2020, is projected to reach a revised size of US$14.4 Trillion by 2027, growing at aCAGR of 31.1% over the period 2020-2027. Domestic Sports Tourism, one of the segments analyzed in the report, is projected to record 29.1% CAGR and reach US$5 Trillion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the International Sports Tourism segment is readjusted to a revised 32.3% CAGR for the next 7-year period.
- The U.S. Market is Estimated at $619.7 Billion, While China is Forecast to Grow at 38.9% CAGR
- The Sports Tourism market in the U.S. is estimated at US$619.7 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.3 Trillion by the year 2027 trailing a CAGR of 38.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 25% and 28.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 26.9% CAGR.

- Select Competitors (Total 41 Featured) -
  • BAC Sport Limited
  • Fanatic Sports Pvt. Ltd.
  • Great Atlantic Sports Travel
  • ITC Sports Travel
  • Sports Tours India
  • Sports Tours International Limited
  • Sportsnet Holidays
  • TUI AG
  • Victory Sports Tours