Global Golf Tourism Market Size & Outlook, 2024-2030
Global golf tourism market, 2018-2030 (US$M)
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Global golf tourism market highlights
- The global golf tourism market generated a revenue of USD 23,927.9 million in 2023 and is expected to reach USD 41,870.4 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 8.3% by 2030.
- In terms of segment, domestic accounted for a revenue of USD 14,939.1 million in 2023.
- International is the most lucrative application segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 23,927.9 million |
| Market revenue in 2030 | USD 41,870.4 million |
| Growth rate | 8.3% (CAGR from 2023 to 2030) |
| Largest segment | Domestic |
| Fastest growing segment | International |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Domestic, International |
Other key industry trends
- In terms of revenue, the North America accounted for 41.4% of the global golf tourism market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Brazil is the fastest growing regional market and is projected to reach USD 585.3 million by 2030.
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Golf Tourism Market Scope
Golf Tourism Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global golf tourism market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to golf tourism market will help companies and investors design strategic landscapes.
Domestic was the largest segment with a revenue share of 62.43% in 2024. Horizon Databook has segmented the Global golf tourism market based on domestic, international covering the revenue growth of each sub-segment from 2018 to 2030.
Rising interest in outdoor sporting events, government funding & measures to promote sports tourism, and growth in the number of young golfers are expected to make a profound impact on the global industry and offer tour operators an opportunity to enter untapped markets.
The growth is also anticipated to be fueled by the growing government backing for the industry. Various governments are marketing sports vacation spots to local and foreign travelers to increase their foreign exchange earnings through the growth of the specialty market and consequently support economic expansion.
Governments across the globe are now keen to exploit the industry's true potential given the popularity and future growth possibilities of this sport. For instance, in August 2022, in Scotland, a new Golfing Tourism Development was launched, directed by the Scottish Golf Tourism Development Group (SGTDG).
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Our clientele includes a mix of golf tourism market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global golf tourism market , including forecasts for subscribers. This global databook contains high-level insights into Global golf tourism market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global golf tourism market size, by regions, 2018-2030 (US$M)
Top 10 countries: Golf tourism market size, 2023 (US$M)
Global golf tourism market share, by application, 2023 & 2030 (%, US$M)
Golf tourism market: Opportunity assessment by country
Global golf tourism market, by region, 2024 (US$M)
| Application | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 16,051.2 | 17,251.5 | 8,223.7 | 9,087.9 | 9,461.5 | 9,912.3 | 10,452.8 | 11,098.8 | 11,869.5 | 12,789.4 | 13,889.4 | 15,208.2 | 16,795.9 | 7.8% |
| Europe | 11,243.1 | 12,187.9 | 5,860.0 | 6,531.5 | 6,858.6 | 7,247.4 | 7,708.5 | 8,255.5 | 8,905.0 | 9,678.2 | 10,601.4 | 11,708.4 | 13,042.6 | 8.8% |
| Asia Pacific | 6,939.1 | 7,578.6 | 3,670.7 | 4,121.1 | 4,358.5 | 4,638.0 | 4,967.4 | 5,356.2 | 5,816.5 | 6,363.4 | 7,016.0 | 7,798.7 | 8,742.6 | 9.5% |
| Latin America | 2,286.7 | 2,421.6 | 1,137.0 | 1,237.1 | 1,267.7 | 1,306.6 | 1,355.0 | 1,414.2 | 1,486.0 | 1,572.3 | 1,676.0 | 1,800.3 | 1,949.5 | 5.9% |
| MEA | 1,369.9 | 1,464.7 | 694.5 | 763.5 | 790.5 | 823.6 | 863.8 | 912.0 | 969.7 | 1,038.8 | 1,121.5 | 1,220.7 | 1,339.8 | 7.2% |
| Overall | 37,890.0 | 40,904.3 | 19,585.9 | 21,741.1 | 22,736.8 | 23,927.9 | 25,347.5 | 27,036.7 | 29,046.7 | 31,442.1 | 34,304.3 | 37,736.3 | 41,870.4 | 8.3% |
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