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Golf Tourism Market Size to Grow by USD 41.04 Billion | Market Analysis by Business Share, Strategies, Investment Opportunities, Revenue Expectation, Future Trends, Prominent Players, and Forecast till 2025

NEW YORK, May 24, 2022 /PRNewswire/ -- The Golf Tourism Market value is set to grow by USD 41.04 billion, progressing at a CAGR of 17.83% from 2020 to 2025, as per the latest report by Technavio. The market is segmented by type (domestic and international) and geography (North America, APAC, Europe, South America, and MEA).

Technavio has announced its latest market research report titled
 Golf Tourism Market by Type and Geography - Forecast and Analysis 2021-2025

Moreover, the growing emphasis on golf infrastructure worldwide is notably driving the market growth, although the increasing threat from fantasy golf may impede the market growth.

Buy this Research Report that provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market

Golf Tourism Market: Major Regions

53% of the market's growth will originate from North America during the forecast period. The US and Canada are the key markets for golf tourism in North America. Market growth in this region will be faster than the growth of the market in MEA and South America. The presence of well-developed economies, favorable weather conditions, availability of a variety of terrains, and extensive media exposure to the sport will facilitate the golf tourism market growth in North America over the forecast period.

Golf Tourism Market: Major Segments

The market share growth by the domestic segment during the forecast period. Owing to advantages such as familiarity with the country's sports tourism policies and rules and the lesser financial tax imposed. Various vendors in the golf tourism market are offering domestic golf tourism to famous places in their home countries, which have picturesque natural beauty.

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Golf Tourism Market: Major Growth Driver

  • Growing emphasis on golf infrastructure worldwide

One of the key factors driving the golf tourism market is the growing emphasis on golf infrastructure worldwide. Despite the fact that golf courses are concentrated in the top 20 golfing countries, their number is steadily increasing around the world. In 2020, there are over 38,000 golf courses available around the world. However, the majority of these facilities are in Australia, Canada, England, Japan, and the US, which are among the top ten golfing countries in the world. In addition, the majority of these facilities are located in private clubs, golf resorts, and golf-centric real estate, making them inaccessible to the general public. North America accounted for roughly half of the total global golf course supply, followed by Europe (about a quarter) and Asia (roughly a quarter) (nearby 20%). Furthermore, over 670 golf courses are either being built or are in the planning stages. Asia, Europe, and North America account for nearly 80% of all golf courses currently being built or planned. The expansion of golf courses in these regions will boost the golf tourism market in these areas, resulting in significant growth in the global golf tourism market over the forecast period.

Golf Tourism Market: Major Growth Challenge

The increasing threat from fantasy golf will be a major challenge for the golf tourism market during the forecast period. A fantasy sport, also known as rotisserie or roto, is an online game in which players create virtual and imaginary teams made up of real players. These virtual teams compete in a real-life game based on the statistical performance of the selected players. Over 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 real game's popularity is waning. However, the growing popularity of fantasy golf has resulted in increased revenue for fantasy golf service and interface providers. In addition, to help the popularity of fantasy golf, young enthusiasts are attempting to engage in the sport with the aid of technology. The average age of fantasy golf participants is 34, according to the Fantasy Sports Trade Association (FSTA), making the platform ideal for promoting the sport among young people. However, the dramatic rise in the popularity of fantasy golf among young players can only mean that more potential players will be driven away from the real game, putting the golf tourism market in jeopardy during the forecast period.

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Golf Tourism Market: Key Vendors

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

  • Golf Tours International
  • Golf Tours Worldwide
  • Golfasian 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.

The golf tourism market is fragmented and the vendors are deploying growth strategies such as geographic expansion to compete in the market.

Download Our Sample Report for more vendor insights with product offerings & news

Reasons to Buy Golf Tourism Market Report:

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will assist golf tourism market growth during the next five years
  • Estimation of the golf tourism market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the golf tourism market across North America, APAC, Europe, South America, and MEA
  • Analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of golf tourism market vendors

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Golf Tourism Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 17.83%

Market growth 2021-2025

$ 41.04 billion

Market structure

Fragmented

YoY growth (%)

31.56

Regional analysis

North America, APAC, Europe, South America, and MEA

Performing market contribution

North America at 53%

Key consumer countries

US, Japan, UK, and Canada

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Golf Tours International, Golf Tours Worldwide, Golfasian 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 obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization preview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value chain analysis: Hotels, restaurants, and leisure market

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
  • 3.4 Market outlook: Forecast for 2020 - 2025
    • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ billion)
    • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 08: Five forces analysis 2020 & 2025
  • 4.2 Bargaining power of buyers
    • Exhibit 09: Bargaining power of buyers
  • 4.3 Bargaining power of suppliers
    • Exhibit 10: Bargaining power of suppliers
  • 4.4 Threat of new entrants
    • Exhibit 11: Threat of new entrants
  • 4.5 Threat of substitutes
    • Exhibit 12: Threat of substitutes
  • 4.6 Threat of rivalry
    • Exhibit 13: Threat of rivalry
  • 4.7 Market condition
    • Exhibit 14: Market condition - Five forces 2020

5 Market Segmentation by Type

  • 5.1 Market segments
    • Exhibit 15: Type - Market share 2020-2025 (%)
  • 5.2 Comparison by Type
    • Exhibit 16: Comparison by Type
  • 5.3 Domestic - Market size and forecast 2020-2025
    • Exhibit 17: Domestic - Market size and forecast 2020-2025 ($ billion)
    • Exhibit 18: Domestic - Year-over-year growth 2020-2025 (%)
  • 5.4 International - Market size and forecast 2020-2025
    • Exhibit 19: International - Market size and forecast 2020-2025 ($ billion)
    • Exhibit 20: International - Year-over-year growth 2020-2025 (%)
  • 5.5 Market opportunity by Type
    • Exhibit 21: Market opportunity by Type

6 Customer landscape

7 Geographic Landscape

  • 7.1 Geographic segmentation
    • Exhibit 23: Market share by geography 2020-2025 (%)
  • 7.2 Geographic comparison
    • Exhibit 24: Geographic comparison
  • 7.3 North America - Market size and forecast 2020-2025
    • Exhibit 25: North America - Market size and forecast 2020-2025 ($ billion)
    • Exhibit 26: North America - Year-over-year growth 2020-2025 (%)
  • 7.4 APAC - Market size and forecast 2020-2025
    • Exhibit 27: APAC - Market size and forecast 2020-2025 ($ billion)
    • Exhibit 28: APAC - Year-over-year growth 2020-2025 (%)
  • 7.5 Europe - Market size and forecast 2020-2025
    • Exhibit 29: Europe - Market size and forecast 2020-2025 ($ billion)
    • Exhibit 30: Europe - Year-over-year growth 2020-2025 (%)
  • 7.6 South America - Market size and forecast 2020-2025
    • Exhibit 31: South America - Market size and forecast 2020-2025 ($ billion)
    • Exhibit 32: South America - Year-over-year growth 2020-2025 (%)
  • 7.7 MEA - Market size and forecast 2020-2025
    • Exhibit 33: MEA - Market size and forecast 2020-2025 ($ billion)
    • Exhibit 34: MEA - Year-over-year growth 2020-2025 (%)
  • 7.8 Key leading countries
    • Exhibit 35: Key leading countries
  • 7.9 Market opportunity by geography
    • Exhibit 36: Market opportunity by geography ($ billion)

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
    • Exhibit 37: Impact of drivers and challenges
  • 8.3 Market trends

9 Vendor Landscape

  • 9.1 Vendor landscape
    • Exhibit 38: Vendor landscape
  • 9.2 Landscape disruption
    • Exhibit 39: Landscape disruption
    • Exhibit 40: Industry risks
  • 9.3 Competitive landscape

10 Vendor Analysis

  • 10.1 Vendors covered
    • Exhibit 41: Vendors covered
  • 10.2 Market positioning of vendors
    • Exhibit 42: Market positioning of vendors
  • 10.3 Golf Tours International
  • 10.4 Golf Tours Worldwide
    • Exhibit 46: Golf Tours Worldwide - Overview
    • Exhibit 47: Golf Tours Worldwide - Product and service
    • Exhibit 48: Golf Tours Worldwide - Key offerings
  • 10.5 Golfasian Co. Ltd.
    • Exhibit 49: Golfasian Co. Ltd. - Overview
    • Exhibit 50: Golfasian Co. Ltd. - Product and service
    • Exhibit 51: Golfasian Co. Ltd. - Key offerings
  • 10.6 Golfbreaks Ltd.
    • Exhibit 52: Golfbreaks Ltd. - Overview
    • Exhibit 53: Golfbreaks Ltd. - Product and service
    • Exhibit 54: Golfbreaks Ltd. - Key offerings
  • 10.7 Liberty Travel and Tours M Sdn Bhd
    • Exhibit 55: Liberty Travel and Tours M Sdn Bhd - Overview
    • Exhibit 56: Liberty Travel and Tours M Sdn Bhd - Product and service
    • Exhibit 57: Liberty Travel and Tours M Sdn Bhd - Key offerings
  • 10.8 Palatinate Group Ltd.
    • Exhibit 58: Palatinate Group Ltd. - Overview
    • Exhibit 59: Palatinate Group Ltd. - Product and service
    • Exhibit 60: Palatinate Group Ltd. - Key offerings
  • 10.9 Perry Travel Inc.
    • Exhibit 61: Perry Travel Inc. - Overview
    • Exhibit 62: Perry Travel Inc. - Product and service
    • Exhibit 63: Perry Travel Inc. - Key offerings
  • 10.10 Premier Golf Tours
    • Exhibit 64: Premier Golf Tours - Overview
    • Exhibit 65: Premier Golf Tours - Product and service
    • Exhibit 66: Premier Golf Tours – Key News
    • Exhibit 67: Premier Golf Tours - Key offerings
  • 10.11 Scottish Golf Holidays Inc.
    • Exhibit 68: Scottish Golf Holidays Inc. - Overview
    • Exhibit 69: Scottish Golf Holidays Inc. - Product and service
    • Exhibit 70: Scottish Golf Holidays Inc. - Key offerings
  • 10.12 The Haversham and Baker Co.
    • Exhibit 71: The Haversham and Baker Co. - Overview
    • Exhibit 72: The Haversham and Baker Co. - Product and service
    • Exhibit 73: The Haversham and Baker Co. - Key offerings

11 Appendix

  • 11.1 Scope of the report
  • 11.2 Currency conversion rates for US$
    • Exhibit 74: Currency conversion rates for US$
  • 11.3 Research methodology
    • Exhibit 75: Research Methodology
    • Exhibit 76: Validation techniques employed for market sizing
    • Exhibit 77: Information sources
  • 11.4 List of abbreviations
    • Exhibit 78: List of abbreviations

About Us
Technavio is a leading global technology research and advisory 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 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.

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