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New Zealand sports tourism market is following various promotional activities such as direct marketing, sales, and discounts, offering free giveaways, hosting an event, and many other activities to promote their services in order to increase value for customers and increase sales leading to New Zealand sports tourism market growth.
NEWARK, DE / ACCESSWIRE / November 28, 2024 / According to a Future Market Insights (FMI) report, the New Zealand sports tourism market is on a trajectory of remarkable growth, with industry valuation set to reach USD 18,825.3 Million in 2024. According to the latest report, the market is projected to achieve a valuation of USD 42,529.2 Million by 2034, growing at a robust compound annual growth rate (CAGR) of 8.5% from 2024 to 2034. With an annual revenue target of USD 17,511.4 Million in 2023 and a year-over-year (Y-o-Y) growth rate of 7.5% in 2024, New Zealand’s sports tourism sector is poised to make significant strides, contributing approximately 3% to 7% of the global sports tourism market.
Domestic tourism has played a pivotal role in New Zealand’s recovery, as more Kiwis embraced sports and outdoor activities within their own borders. Despite the global challenges brought on by the pandemic, New Zealand retained its status as a premier destination for sports tourism, underscoring its resilience and enduring appeal.
Looking ahead, the New Zealand sports tourism market size is projected to expand at a robust annual growth rate of 8.5% throughout the forecast period. This growth is being fueled by the country’s successful hosting of marquee events such as the America’s Cup and the Rugby World Cup, as well as increasing interest in adventure sports and specialized athletic experiences.
New Zealand’s well-developed infrastructure, commitment to sustainability, and wide range of sporting opportunities are key factors in attracting international visitors, particularly from major markets like Australia, the United States, and the United Kingdom. The ongoing enhancement of regional sports hubs and the expansion of event-related facilities will further cement New Zealand’s reputation as a leading global destination for sports tourism over the next decade.
Key Factors Driving the New Zealand Sports Tourism Market:
Natural Sports Infrastructure: New Zealand’s stunning landscapes, ranging from rugged mountains to pristine coastlines, provide an unparalleled natural playground for sports tourism. Iconic destinations like Queenstown, Rotorua, and Fiordland attract both adventure and traditional sports enthusiasts, bolstering the country’s appeal as a premier sports tourism hub.
Major Sporting Events and Competitions: The country’s hosting of internationally renowned events, such as the Rugby World Cup, America’s Cup, and cricket tournaments, draws global audiences. These events significantly boost tourist inflow and establish New Zealand as a top-tier destination for sports tourism.
Adventure Sports and Outdoor Recreation: Adventure tourism remains a vital segment within the sports tourism market. Activities such as bungee jumping, skydiving, skiing, and mountain biking continue to attract thrill-seekers worldwide, contributing to the industry’s sustained growth.
Government Support and Strategic Initiatives: The New Zealand government’s investment in sports infrastructure and tourism promotion campaigns has been instrumental in enhancing the sector’s growth. Strategic partnerships between public and private sectors have fueled initiatives aimed at promoting sustainable tourism.
“New Zealand’s sports tourism market is entering a transformative decade. The nation’s unique combination of natural beauty, sporting heritage, and a forward-thinking approach to tourism development positions it as a leader in the global sports tourism industry. The market’s substantial growth potential is underpinned by strong government support, continuous investment in infrastructure, and evolving consumer preferences toward experiential and sustainable travel. As technology and innovation further enhance the sports tourism landscape, New Zealand is well-positioned to capture a significant share of this dynamic global market.” – opines Sudip Saha, managing director and MD at Future Market Insights (FMI) analyst.
Industry Trends & Future Outlook:
Sustainable Sports Tourism: With an increasing focus on sustainability, the market is witnessing a shift towards eco-friendly practices. Initiatives promoting carbon-neutral sporting events and the use of renewable energy in sports facilities are expected to gain momentum.
Technological Advancements: Innovations such as augmented reality (AR), virtual reality (VR), and wearable tech are enhancing visitor experiences, allowing fans to engage with sports events in new and immersive ways.
Rising Demand for Customized Experiences: Travelers are seeking personalized sports tourism packages that cater to niche interests, including wellness retreats, high-performance training camps, and guided adventure tours.
Expansion of Esports Tourism: The burgeoning esports industry presents a new frontier for growth. New Zealand’s emerging esports events and tournaments are expected to attract a younger demographic of tourists, contributing to market diversification.
Key Takeaways from the Report:
The New Zealand sports tourism market will grow at an 8.5% CAGR from 2024 to 2034.
Market revenue is anticipated to reach USD 18,825.3 Million in 2024, with a Y-o-Y growth of 7.5%.
Adventure sports, major international events, and government-backed initiatives remain the primary drivers of growth.
Sustainability and technological integration are crucial factors shaping the future of the industry.
Total market sales represent 3% to 7% of the global sports tourism sector.
Stay Ahead in Sports Tourism – Explore the Comprehensive Report!
https://www.futuremarketinsights.com/reports/new-zealand-sports-tourism-market
Key Players Operating in the Industry:
Exodus Travels; G Adventures; World Expeditions; Explore; Indus Travels; Topdeck; Intrepid Travel; Real New Zealand Tours Limited; Trafalgar; Active Adventures; HAKA SPORTS TOURS; Sportsnet Holidays; Williment; All Blacks Tours; Dragonfish; Estilo Sports Travel.
New Zealand Sports Tourism Market Segmentation Analysis:
By Sports Type:
Football/ Soccer
Cricket
Motorsport
Basketball
Others
By Season:
Sport Event Tourism
Nostalgia Sports Tourism
Active Sports Tourism
Passive Sports Tourism
By Booking Channel:
Phone Booking
Online Booking
In Person Booking
By Tourist Type:
Domestic
International
By Tour Type:
Independent Traveler
Package Traveler
Tour Group
By Consumer Orientation:
Men
Women
Children
By Age Group:
15-25 Years
26-35 Years
36-45 Years
46-55 Years
56-65 Years
66-75 Years
Author:
Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management across verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.
He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.
Explore Future Market Insights, Inc. Extensive Coverage in Travel and Tourism Domain:
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About Future Market Insights (FMI):
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and market analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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SOURCE: Future Market Insights, Inc.
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