Golf Tourism Market by Type and Geography - Forecast and Analysis 2021-2025

  • Published: Aug 2021
  • Pages: 120
  • SKU: IRTNTR45526
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The golf tourism market has the potential to grow by USD 41.04 billion during 2021-2025, and the market’s growth momentum will decelerate at a CAGR of 17.83%.

This golf tourism market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by type (domestic and international) and geography (North America, APAC, Europe, South America, and MEA). The golf tourism market report also 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., and The Haversham and Baker Co. among others.

What will the Golf Tourism Market Size be in 2021?

Golf-Tourism-Market-Market-Size-2020-2025

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Golf Tourism Market: Key Drivers and Trends

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The growing emphasis on golf infrastructure worldwide is notably driving the golf tourism market growth, although factors such as the increasing threat from fantasy golf may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the golf tourism industry. 

  • The growing emphasis on golf infrastructure worldwide will fuel the growth of the golf tourism market size.
  • Though golf courses remain highly concentrated in the top 20 golfing nations, their number is steadily increasing across the globe.
  • Over 670 golf courses are either under construction or at the advanced planning stage.
  • Almost 80% of the golf courses that are currently being constructed or planned are in Asia, Europe, and North America.
  • The increase in the number of golf courses in these regions will boost the growth of the golf tourism market during the forecast period.
  • The growing popularity of golf and rising participation in pro-golf tournaments are expected to drive the market during the forecast period. 
  • The interest in pro-golf tournaments is increasing steadily due to their popularity as a championship game.
  • Participation in pro-golf tournaments is also rising, with young golfers aged between 6 and 17 years, participating in these tournaments.
  • The participation of millennials aged between 18 and 34 years in the game is also increasing.
  • Technology has played an important role in increasing the popularity of golf and pro-golf tournaments by making video sharing convenient on social media platforms.

This golf tourism market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Golf Tourism Market 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 various organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the golf tourism market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Golf Tourism Market?

Golf-Tourism-Market-Market-Share-by-Region-2020-2025

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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. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Type Segments in the Golf Tourism Market?

Golf-Tourism-Market-Market-Share-by-Type-2020-2025

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The golf tourism market share growth by the domestic segment will be significant during the forecast period. Domestic golf tourism is expected to maintain its lead in terms of revenue 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.

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the golf tourism market size.

 

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What are the Key Factors Covered in this Golf Tourism Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive golf tourism market growth during the next five years
  • Precise estimation of the golf tourism market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the golf tourism industry across North America, APAC, Europe, South America, and MEA
  • A thorough 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

Decelerate 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 purview

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

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Type

    • Market segments
    • Comparison by Type
    • Domestic - Market size and forecast 2020-2025
    • International - Market size and forecast 2020-2025
    • Market opportunity by Type

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • North America - Market size and forecast 2020-2025
      • APAC - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • 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.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
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      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
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      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
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      The golf tourism market growth will increase by $-5.36 billion during 2019-2024.
      The golf tourism market is expected to grow at a CAGR of -3.62% during 2019-2024.
      Technavio has segmented the golf tourism market by type (Domestic and International) and geographic (North America, Europe, APAC, South America, and MEA).
      Golf Tours International, Golf Tours Worldwide, Golfasian Co. Ltd., Golfbreaks Ltd., Liberty Travel & Tours (M) Sdn Bhd, Palatinate Group Ltd., Perry Travel Inc., Premier Golf Tours, Scottish Golf Holidays Inc., The Haversham & Baker Co. are a few of the key vendors in the golf tourism market.
      MEA will register the highest growth rate of 3.54% among the other regions. Therefore, the golf tourism market in MEA is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the golf tourism market growth are:
      • Growing emphasis on golf infrastructure worldwide
      The golf tourism market vendors should focus on grabbing business opportunities from the domestic segment as it accounted for the largest market share in the base year.
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