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Us Sports Tourism Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
Sports Tourism Market was valued at USD 600 Billion in 2022 and is projected to reach USD 1,200 Billion by 2030, growing at a CAGR of 9% from 2023 to 2030.
The U.S. sports tourism market has experienced remarkable growth, emerging as a significant contributor to the nation's economy. In 2022, the global sports tourism market was valued at approximately USD 587.87 billion, with the U.S. playing a pivotal role in this expansion. Projections indicate that by 2030, the market could reach an astounding USD 2,137.86 billion, driven by a compound annual growth rate (CAGR) of 17.5% from 2023 to 2030.
Several factors have fueled this surge in sports tourism. The increasing popularity of major sporting events, such as the Super Bowl, NBA Finals, and the U.S. Open, attracts millions of domestic and international visitors annually. For instance, hosting the Super Bowl can infuse up to $1 billion into the local economy, benefiting various sectors, including hospitality, retail, and transportation. Additionally, cities like Las Vegas have transformed into premier sports destinations, now hosting NFL, NHL, and major boxing events, further boosting tourism numbers.
Technological advancements have also played a crucial role in enhancing the sports tourism experience. Innovations in stadium experiences, such as augmented reality and improved connectivity, have made attending live events more appealing. Moreover, the integration of online platforms has streamlined ticketing processes, making it more convenient for fans to attend events. The adoption of wearable technologies and GPS tracking in sports has not only improved athlete performance but also enriched the spectator experience.
From a personal perspective, attending a live NBA game in New York was an unforgettable experience. The electrifying atmosphere, combined with the city's vibrant culture, showcased the profound impact sports tourism has on local communities. The influx of fans not only boosts local businesses but also fosters a sense of unity and pride among residents.
In conclusion, the U.S. sports tourism market is on an upward trajectory, driven by the allure of major sporting events, technological innovations, and the unique experiences offered by diverse destinations. As the industry continues to evolve, it promises to deliver even more dynamic and engaging experiences for sports enthusiasts worldwide.
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Who are the largest Global manufacturers in the Sports Tourism Market?
Who are the largest Global manufacturers in the Sports Tourism Market?
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Expedia Group
Priceline Group
China Travel
China CYTS Tours Holding
American Express Global Business Travel
Carlson Wagonlit Travel
BCD Travel
HRG North America
Travel Leaders Group
Fareportal/Travelong
AAA Travel
Corporate Travel Management
Travel and Transport
Altour
Direct Travel
World Travel Inc.
Omega World Travel
Frosch
JTB Americas Group
Ovation Travel Group
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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What are the factors driving the growth of the Global Sports Tourism Market?
What are the factors driving the growth of the Global Sports Tourism Market?
Growing demand for below applications around the world has had a direct impact on the growth of the Global Sports Tourism Market
By Participation Type
By Participation Type
Active Participants
Spectators
By Event Type
By Event Type
Major Sporting Events
International Tournaments
Local and Regional Events
By Target Audience
By Target Audience
Families
Young Adults
Retired Individuals
By Activity Type
By Activity Type
Competitive Sports
Recreational Sports
Training Camps
By Travel Purpose
By Travel Purpose
Complementary Travel
Education and Training
Business Travel
Which regions are leading the Global Sports Tourism Market?
Which regions are leading the Global Sports Tourism Market?
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Detailed TOC of Global Sports Tourism Market Research Report, 2024-2032
Detailed TOC of Global Sports Tourism Market Research Report, 2024-2032
1. Introduction of the Global Sports Tourism Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Sports Tourism Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Sports Tourism Market, By Type
6. Global Sports Tourism Market, By Application
7. Global Sports Tourism Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Sports Tourism Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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