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

New York, August 23, 2022 /PRNewswire/ — The “Golf tourism market “Forecast and Analysis 2021-2025” report has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio has been proudly partnering with 100 Fortune 500 companies for over 16 years.

The potential growth differential for the golf tourism market between 2020 and 2025 is USD 41.04 billion, according to the latest market analysis report by Technavio. The report predicts the market to witness rapid growth at a CAGR of 17.83%. Analysts at Technavio have classified it as part of the global golf tourism market. The global hotel, resort, and cruise line market. Our report provides detailed information on the value chain analysis for the Golf Tourism market, which vendors can leverage to gain a competitive advantage over the forecast period. The data available in our value chain analysis section helps vendors drive costs and enhance customer services during the forecast period.

For more insight into scope and value chain analysis, Read a free sample report

Key Market Dynamics:

  • Market Drivers: One of the major factors driving the golf tourism market is the growing emphasis on golf infrastructure globally. Despite the fact that 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 accessible to the general public. The expansion of golf courses in these regions will boost the golf tourism market in these regions, resulting in significant growth in the global golf tourism market during the forecast period.
  • Market Challenge: Growing threat from fantasy golf will be a major challenge for the golf tourism market during the forecast period. In the last 5-6 years, fantasy golf games have seen a significant increase in popularity. Furthermore, fantasy golf has grown in popularity at a time when the popularity of the actual game is declining. However, the dramatic increase in fantasy golf’s popularity among young players could only mean that more potential players will be drawn away from the actual game, threatening the golf tourism market over the forecast period.

To learn about additional key market dynamics, View report PDF sample

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 the market growth will come from North America During the forecast period. America and Canada are major markets for golf tourism North America. The market growth in this region will be faster than the market growth in MEA and South America. The presence of a well-developed economy, favorable climatic conditions, availability of various terrains, and extensive media exposure to the sport will fuel the growth of the golf tourism market. North America During the forecast period.

Revenue Generating Section Highlights: Market share growth by domestic segment during the forecast period. Due to the familiarity with the country’s sports tourism policies and regulations and benefits such as low financial taxation. Various sellers in the golf tourism market are providing facilities for golf tourism in famous places of their respective countries which are full of scenic natural beauty.

Request for sample report PDF For additional segment-wise insights and regional opportunities

Mention some companies with your offer

    • Golf Tours International
    • Golf Tours Worldwide
    • GOLFACION COMPANY LIMITED
    • GOLFBRAKES LIMITED
    • Liberty Travel & Tours (M) Sdn Bhd
    • Palatinate Group Ltd.
    • Perry Travel Inc.
    • Premier Golf Tour
    • Scottish Golf Holidays Inc.
    • Haversham & Baker Co.
  • Access vendor profiles with their key offerings similar to yours Download this sample report copy!

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Golf Tourism Market Area

Report coverage

Details

Page number

120

base year

2020

Forecast period

2021-2025

Growth rate and CAGR

Accelerated at a CAGR of 17.83%

Market Growth 2021-2025

$41.04 billion

Market structure

fragmented

Annual Growth (%)

31.56

Regional analysis

North America, APAC, Europe, South America, and
thing

Demonstrating market contribution

North America 53%

Major consumer countries

US, Japan, UK and Canada

Competitive landscape

Major companies, competitive strategies,
Consumer engagement scope

Companies profile

Golf Tours International, Golf Tours Worldwide,
Gulf Asian 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

Parent market analysis, market growth inducers and
Constraints, fast-growing and slow-growing segment
Analysis, COVID 19 impact and future consumer
Dynamics for, and analysis of market conditions
Forecast period.

Custom range

If our report does not include your data
Looking for, you can reach our analysts and
Get customized sections.

Main topics covered:

  • Executive summary
  • Market landscape
  • market size
  • Five forces analysis
  • Market segmentation by type
  • Customer scenario
  • Geographical landscape
  • Vendor scenario
  • Vendor analysis
  • Appendix

about us

Technavio is a leading global technology research and consulting 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 more than 500 specialized analysts, Technavio’s report library contains more than 17,000 reports and calculations, covering 800 technologies spanning 50 countries. Their client base includes enterprises of all sizes, including over 100 Fortune 500 companies. This growing customer base relies on Technavio’s extensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions in changing market scenarios.

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Source Technovio

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