The Japan sports tourism market which is valued at US$ 8787 Million in 2022 is expected to grow at a sound CAGR of 8.7% CAGR, and is anticipated to be valued at US $ 20236.53 Million by 2032.
The Japan sports tourism market which is valued at US$ 8787 Million in 2022 is expected to grow at a sound CAGR of 8.7% CAGR, and is anticipated to be valued at US $ 20236.53 Million by 2032.
The Japanese invest heavily in technology, which has enabled them to develop an infrastructure which supports any kind of sports, be it related at air, water, land, or mountains.
If we talk about a particular game per se, Japan is mainly meant for martial art forms like Judo, Karate, Sumo etc. People from all over the world visit Japan to view events related to such art forms. This is expected to have a constructive impact on Japan sports tourism market trends.
Japan is meant for its world class snow quality as well. Because of this, there are variety of sports that are held which are related to cross country skiing, snowboarding, and snow rafting. Tourists literally look forward for this amazing experience.
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Moreover, the availability of an excellent infrastructure makes it possible for the Japanese to conduct events like Skateboarding, BMX, etc. Not only for participation, have tourists visited Japan to view these amazing games in good numbers. This is expected to have a sound impact on Japan sports tourism market share.
Japan is one such nation, which invests heavily on Research and Development. Based on a survey, it was found that Japanese spent nearly 19.58 trillion Yen in 2019.
Because of increased involvement on research amalgamated with the right usage f technology, the Japanese are able to perfectly apply this combination in sports. This combination changes the aesthetics of all the sports to the extent that the tourists are awe-struck by the exemplary scenes that are presented in front of them. This is anticipated to increase the demand for Japanese sports tourism market.
Thus, from the research conducted by Future Market Insights, it is evident that ““Increasing investment in technology and having the landscape to support all kinds of sports are expected to drive the demand for Japan sports tourism.”
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Key Takeaways:
Competitive Landscape
Leading players operating in Japan and other country-based companies operating in Japan are focusing on ways to increase customer engagement. This would enable them to better understand the demand of the customers and come up with plans which would lead to better customer association with the company.
For instance:
Key Companies Profiled
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About Future Market Insights, Inc. Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware
Jan 06, 2023