The global market for Motorsports was valued at an estimated US$6.3 Billion in 2023 and is projected to reach US$9.9 Billion by 2030, growing at a CAGR of 6.8% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the motorsports market is driven by several factors, reflecting the sport`s evolving dynamics and increasing global appeal. One significant driver is the rising popularity of motorsports in emerging markets, where increasing disposable incomes and growing interest in automotive culture are expanding the fan base. The proliferation of digital and social media platforms has transformed how fans engage with the sport, providing real-time updates, interactive content, and broader access to live events, thereby boosting viewership and sponsorship opportunities.
Technological advancements in vehicle design and race management also contribute to market growth, enhancing the competitiveness and appeal of motorsports. The push towards sustainability and environmental responsibility is driving the adoption of electric and hybrid technologies, attracting a new demographic of environmentally conscious fans and stakeholders. Furthermore, the expansion of motorsport events and the introduction of new racing series cater to diverse audiences, ensuring the sport`s continued growth and evolution in the global market.
The growth in the motorsports market is driven by several factors, reflecting the sport`s evolving dynamics and increasing global appeal. One significant driver is the rising popularity of motorsports in emerging markets, where increasing disposable incomes and growing interest in automotive culture are expanding the fan base. The proliferation of digital and social media platforms has transformed how fans engage with the sport, providing real-time updates, interactive content, and broader access to live events, thereby boosting viewership and sponsorship opportunities.
Technological advancements in vehicle design and race management also contribute to market growth, enhancing the competitiveness and appeal of motorsports. The push towards sustainability and environmental responsibility is driving the adoption of electric and hybrid technologies, attracting a new demographic of environmentally conscious fans and stakeholders. Furthermore, the expansion of motorsport events and the introduction of new racing series cater to diverse audiences, ensuring the sport`s continued growth and evolution in the global market.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Motorsports Broadcasting segment, which is expected to reach US$3.9 Billion by 2030 with a CAGR of a 7.4%. The Motorsports Ticketing segment is also set to grow at 6.0% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $1.9 Billion in 2023, and China, forecasted to grow at an impressive 10.0% CAGR to reach $624.0 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Motorsports Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Motorsports Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Motorsports Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as ABT Sportsline GmbH, AF Corse Srl, Andretti Autosport Holding Company, LLC, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 107 Featured):
- ABT Sportsline GmbH
- AF Corse Srl
- Andretti Autosport Holding Company, LLC
- BMW M GmbH
- Hendrick Motorsports LLC
- Liberty Media Corp.
- Mercedes-AMG GmbH
- Red Bull GmbH
- Speedway Motorsports LLC
- Toyota Motor Corp.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
REST OF EUROPE
ASIA-PACIFIC
AUSTRALIA
REST OF ASIA-PACIFIC
LATIN AMERICA
ARGENTINA
BRAZIL
MEXICO
REST OF LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned
- ABT Sportsline GmbH
- AF Corse Srl
- Andretti Autosport Holding Company, LLC
- BMW M GmbH
- Hendrick Motorsports LLC
- Liberty Media Corp.
- Mercedes-AMG GmbH
- Red Bull GmbH
- Speedway Motorsports LLC
- Toyota Motor Corp.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 342 |
| Published | July 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 6.3 Billion |
| Forecasted Market Value ( USD | $ 9.9 Billion |
| Compound Annual Growth Rate | 6.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
