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Global Sports Tourism Market 2019-2023 | Increasing Number of Fan Zones to Boost Growth | Technavio

November 27, 2019 GMT
Global Sports Tourism Market 2019-2023 | Increasing Number of Fan Zones to Boost Growth | Technavio
Global Sports Tourism Market 2019-2023 | Increasing Number of Fan Zones to Boost Growth | Technavio

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

The global sports tourism market is expected to post a CAGR of around 36% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report

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

Sports events and tournaments are being conducted to attract spectators and expand the reach and popularity of sports. For instance, Thailand hosted its first-ever MotoGP World Championship race in Buriram in October 2018. The event attracted more than two hundred thousand visitors from across the world. Similarly, the Afghanistan Cricket Board (ACB) launched the Afghanistan Premier League (APL), a T20 format cricket league in Dubai, UAE. Many such sporting events are attracting a significant number of visitors to sporting destinations, which is driving the growth of the market.

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR30607

As per Technavio, the increasing number of fan zones will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.

Global Sports Tourism Market: Increasing Number of Fan Zones

Stakeholders in the sports industry are focusing on establishing official fan zones and arenas in the same region that hosts the sports event. These fan arenas broadcast live sports events on large screens. Many popular sporting organizations such as UEFA and BCCI have established their official fan zones across different regions. With the rise in the number of sports events and tournaments, the number of fan zones is expected to increase significantly, thereby influencing the growth of the global sports tourism market during the forecast period.

“Development of VR technology and increasing number of low-cost airlines will further boost market growth during the forecast period,” says a senior analyst at Technavio.

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Global Sports Tourism Market: Segmentation Analysis

This market report segments the global sports tourism market by product (soccer tourism, cricket tourism, tennis tourism, and others), type (domestic and international sports tourism), category (passive and active sports tourism), and geography (Americas, APAC, and EMEA).

The EMEA region led the market in 2018, followed by the Americas and APAC respectively. During the forecast period, the EMEA region is expected to maintain its dominance over the market. This is due to the growing focus on the establishment of infrastructure to accommodate more spectators in sports arenas.

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.

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Some of the key topics covered in the report include:

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation

Customer Landscape

Geographical Segmentation

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendor Analysis

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus 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 17,000 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.

View source version on businesswire.com:https://www.businesswire.com/news/home/20191127005518/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email:media@technavio.com

Website:https://www.technavio.com/

KEYWORD:

INDUSTRY KEYWORD: ENTERTAINMENT SPORTS EVENTS/CONCERTS DESTINATIONS GENERAL SPORTS TRAVEL

SOURCE: Technavio Research

Copyright Business Wire 2019.

PUB: 11/27/2019 05:00 PM/DISC: 11/27/2019 05:00 PM

http://www.businesswire.com/news/home/20191127005518/en