$41.04 billion growth in golf tourism market size with 53% contribution from North America

NEW YORK, August 23, 2022 /PRNewswire/ — The “Golf Tourist Market The “Forecast and Analysis 2021-2025” report has been added to Technavio’s offering. ISO 9001:2015 certified, Technavio has partnered with over 100 Fortune 500 companies for over 16 years.

The potential growth gap for the golf tourism market between 2020 and 2025 is $41.04 billion, according to Technavio’s latest market analysis report. The report predicts that the market will witness an accelerated growth rate at a CAGR of 17.83%. Technavio analysts have classified the global golf tourism market as part of the global market for hotels, resorts and cruise lines. Our report provides extensive information on the value chain analysis of the Golf Tourism market, which vendors can leverage to gain a competitive advantage during the forecast period. The data available in our Value Chain Analytics segment can help vendors increase costs and improve customer services during the forecast period.

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Key market dynamics:

  • Market Driver: One of the key factors driving the golf tourism market is the growing emphasis on golf infrastructure across the globe. Although golf courses are concentrated in the top 20 golfing countries, their number is constantly increasing around the world. As of 2020, there are over 38,000 golf courses available worldwide. Additionally, most of these facilities are located in private clubs, golf resorts, and golf-centric real estate, making them inaccessible to the general public. The expansion of golf courses in these regions will drive the golf tourism market in these areas, resulting in significant growth of the global golf tourism market during the forecast period.
  • Market Challenge: The growing threat of fantasy golf will be a major challenge for the golf tourism market during the forecast period. Over the last 5-6 years, fantasy golf games have seen a significant increase in popularity. Also, fantasy golf has grown in popularity at a time when the popularity of the real game is waning. However, the dramatic rise in the popularity of fantasy golf among young players can only mean that more potential players will be drawn away from the real game, jeopardizing the golf tourism market over the forecast period.

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Market Segmentation Highlights:

The Golf Tourism Market report is segmented by type (domestic and international) and geography (North AmericaAPAC, europe, South Americaand MEA).

Regional opportunities: 53% of market growth will originate North America during the forecast period. The US and canada are the key markets for golf tourism a North America. The market growth in this region will be faster than the market growth in MEA and South America. The presence of well-developed economies, favorable weather conditions, availability of a variety of courses and extensive media exposure to the sport will fuel the growth of the golf tourism market in North America during the forecast period.

Revenue Generating Segment Highlights: Market share growth of the domestic segment during the forecast period. For advantages such as knowledge of the country’s sports tourism policies and rules and the lower financial rate that is imposed. Several vendors in the golf tourism market offer domestic golf tourism to famous places in their home countries, which have scenic natural beauty.

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Some companies mentioned with their offers

    • International Golf Tours
    • Golf tours around the world
    • Gulfasian Co. Ltd.
    • Golfbreaks Ltd.
    • Liberty Travel and Tours (M) Sdn Bhd
    • Palatinate Group Ltd.
    • Perry Travel Inc.
    • Premier Golf Tours
    • Scottish Golf Holidays Inc.
    • The Haversham and Baker Co.
  • Access supplier profiles with their key offers just like you Download this sample report copy!

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Scope of the golf tourist market

Coverage of the report

Details

Page number

120

base year

2020

Forecast period

2021-2025

Growth momentum and CAGR

Accelerating with a CAGR of 17.83%

Market growth 2021-2025

41.04 billion dollars

Market structure

fragmented

Year-on-year growth (%)

31.56

Regional analysis

North America, APAC, Europe, South America and
thing

Realization of the contribution to the market

North America at 53%

Key consumer countries

USA, Japan, UK and Canada

Competitive landscape

Leading companies, competitive strategies,
scope of consumer participation

Profiled companies

International Golf Tours, Worldwide Golf Tours,
Gulfasian Co. Ltd., Golfbreaks Ltd., Liberty Travel
and Tours (M) Sdn Bhd, Palatinate Group Ltd., Perry
Travel Inc., Premier Golf Tours, Scottish Golf
Holidays Inc. and The Haversham and Baker Co.

Market dynamics

Main market analysis, market growth drivers and
obstacles, fast growing and slow growing segment
analysis, impact of COVID 19 and future consumer
dynamics and analysis of market conditions for the
forecast period.

Customization scope

If our report has not included the data you are
searching, you can contact our analysts and
customize segments.

Key topics covered:

  • Executive Summary
  • Market landscape
  • Market size
  • Five forces analysis
  • Market segmentation by type
  • Customer landscape
  • Geographical Landscape
  • Seller landscape
  • Analysis of suppliers
  • appendix

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