The sports market size has grown strongly in recent years. It will grow from $480.12 billion in 2023 to $506.93 billion in 2024 at a compound annual growth rate (CAGR) of 5.6%. The expansion observed in the historical period can be credited to robust economic growth in emerging markets, the swift rise of e-commerce, rapid urbanization, the establishment of numerous sports channels, and substantial investments in sponsorships.
The sports market size is expected to see strong growth in the next few years. It will grow to $629.81 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. The anticipated growth in the forecast period can be attributed to the proliferation of internet-accessible devices, supportive government initiatives, and an upsurge in sports tourism. Noteworthy trends expected in this period include the increasing adoption of augmented reality (AR) and virtual reality (VR), the introduction of sports streaming applications, the integration of contactless technologies, the implementation of mobile ticketing systems, a strategic focus on social media user engagement, the application of analytics for ticket pricing, the introduction of combined fitness formats for enhanced workouts, the development of mobile training applications, leveraging technology to enhance the skiing experience, personalized fan engagement initiatives, the convergence of sports and entertainment, a shift from sponsorships to partnerships, a commitment to corporate social responsibility (CSR) and sustainability, targeted strategies for diverse demographic groups, the integration of technology in bowling centers, and the amalgamation of other activities with bowling.
Anticipated steady economic growth in both developed and developing nations is expected to be advantageous for the market. According to the International Monetary Fund (IMF), global real GDP growth was 3.7% in 2019 and 2020, and a forecasted 3.6% from 2021 to 2023. The recovery of commodity prices is identified as a significant driver of economic growth. The US economy is projected to demonstrate stable growth throughout the forecast period. Furthermore, emerging markets are expected to outpace developed markets in terms of growth, with examples such as India's 8.7% GDP growth in 2021-22, representing a 1.5% increase compared to 2019-20, and China's 8.1% GDP growth in 2021. This sustained economic growth is anticipated to stimulate demand within the sports market.
The global surge in people's interest in sports is poised to fuel the sports market's growth in the future. Factors such as increased disposable incomes, heightened health consciousness, and the growing popularity of organized sports events contribute to the growing enthusiasm for sports worldwide. The demand for sports facilities such as stadiums, arenas, and gymnasiums has increased due to people's heightened interest in engaging in physical activities. For instance, a report from the National Collegiate Athletic Association in March 2023 revealed a 5% increase in the number of student-athletes participating in NCAA women's championship sports, rising from 10,726 in 2020-2021 to 226,212 in 2021-22. Consequently, the global rise in people's interest in sports is a key driver for the growth of the sports market.
Sports organizers are integrating virtual reality (VR) technology to enhance the spectator experience during sporting events. Virtual reality creates immersive simulations of environments, offering users a sense of physical presence in a virtual world. Clubs and teams are exploring simulated and 360-degree environments to elevate spectators' match-viewing experiences, allowing them to virtually explore stadiums or race tracks and observe matches from various angles. Notably, the NBA game featuring the Sacramento Kings and San Antonio Spurs was broadcasted in VR, while NASCAR has incorporated virtual reality in creating interactive fan areas at race tracks.
Major players in the sports market are unveiling cutting-edge wearable devices such as Vector Core to establish a competitive advantage. Vector Core, a wearable gadget, employs advanced hardware and technology to assist teams in data management and analysis. For instance, in May 2023, Catapult, a US-based sports performance analytics company, launched Vector Core - a cost-effective solution tailored for academies and teams. This innovative device offers enhanced load management metrics, efficient data uploads, and automated data collection.
Major companies operating in the sports market report are Liberty Media Corporation, Life Time Group Hldgs, Futbol Club Barcelona, Maruhan, Topgolf Callaway Brands Corp, Dallas Cowboys, Manchester City F.C., Real Madrid C.F., Heiwa Corporation, Manchester United PLC, Guangzhou Evergrande Taobao, Shandong Luneng Taishan, Dalian Shide, Liaoning Football Club, Beijing Guoan, Shanghai SIPG, Jiangsu Suning, Shanghai Greenland Shenhua, Hebei China Fortune, Tianjin Teda, Chongqing Lifan, Mumbai Indians, Kolkata Knight Riders, Kings XI Punjab, Chennai Super Kings, Jaipur Pink Panthers, Chennaiyan FC, Mumbai City FC, Atletico de Kolkata, FC Goa, Urawa Red Diamonds, FC Bayern Munich, Paris Saint-Germain F.C, Borussia Dortmund, Juventus F.C., A.C. Milan, Liverpool F.C, Arsenal F.C, Chelsea F.C., PFC CSKA Moscow, FC Zenit Saint Petersburg, FC Lokomotiv Moscow, FC Spartak Moscow, FC Anzhi Makhachkala, Toronto Raptors, Toronto Maple Leafs, Toronto Blue Jays, Montreal Canadien, Vancouver Canucks, Edmonton Oilers, Calgary Flames, Ottawa Senators, Toronto FC, C.F. Monterrey, Tigres UANL, New York Knicks, New York Giants, Los Angeles Lakers, Golden State Warriors, Philadelphia Eagles, Boston Celtics, San Francisco Giants, New York Yankees, Los Angeles Dodgers, Houston Texans, New England Patriots, Los Angeles Rams, Clube de Regatas do Flamengo, Sociedade Esportiva Palmeiras, Sport Club Corinthians Paulista, Santos Futebol Clube, Al Hilal Club, Al-Nassr Football Club, Al-Ahli Saudi FC, Al-Ittihad Club, Maccabi Tel Aviv F.C., Hapoel Be'er Sheva F.C., Al Ahly, Espérance Sportive de Tunis, Club Africain, Kaizer Chiefs, Mamelodi Sundowns, Springboks.
North America was the largest region in the sports market in 2023. Africa is expected to be the fastest-growing region in the forecast period. The regions covered in the sports market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the sports market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa. The sports market includes revenues earned by entities by providing services such as live sporting events before a paying audience or entities that operate golf courses and country clubs, skiing facilities, marinas, fitness, and recreational sports centers, and bowling centers. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
Two primary categories of sports are spectator sports and participatory sports. Spectator sports involve the presentation of sporting events by teams, clubs, or independent athletes. Revenue streams for these sports include media rights, merchandising, ticket sales, and sponsorship, with various ownership structures such as chained and standalone entities.
The sports market research report is one of a series of new reports that provides sports market statistics, including sports industry global market size, regional shares, competitors with a sports market share, detailed sports market segments, market trends, and opportunities, and any further data you may need to thrive in the sports industry. This sports market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The sports market size is expected to see strong growth in the next few years. It will grow to $629.81 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. The anticipated growth in the forecast period can be attributed to the proliferation of internet-accessible devices, supportive government initiatives, and an upsurge in sports tourism. Noteworthy trends expected in this period include the increasing adoption of augmented reality (AR) and virtual reality (VR), the introduction of sports streaming applications, the integration of contactless technologies, the implementation of mobile ticketing systems, a strategic focus on social media user engagement, the application of analytics for ticket pricing, the introduction of combined fitness formats for enhanced workouts, the development of mobile training applications, leveraging technology to enhance the skiing experience, personalized fan engagement initiatives, the convergence of sports and entertainment, a shift from sponsorships to partnerships, a commitment to corporate social responsibility (CSR) and sustainability, targeted strategies for diverse demographic groups, the integration of technology in bowling centers, and the amalgamation of other activities with bowling.
Anticipated steady economic growth in both developed and developing nations is expected to be advantageous for the market. According to the International Monetary Fund (IMF), global real GDP growth was 3.7% in 2019 and 2020, and a forecasted 3.6% from 2021 to 2023. The recovery of commodity prices is identified as a significant driver of economic growth. The US economy is projected to demonstrate stable growth throughout the forecast period. Furthermore, emerging markets are expected to outpace developed markets in terms of growth, with examples such as India's 8.7% GDP growth in 2021-22, representing a 1.5% increase compared to 2019-20, and China's 8.1% GDP growth in 2021. This sustained economic growth is anticipated to stimulate demand within the sports market.
The global surge in people's interest in sports is poised to fuel the sports market's growth in the future. Factors such as increased disposable incomes, heightened health consciousness, and the growing popularity of organized sports events contribute to the growing enthusiasm for sports worldwide. The demand for sports facilities such as stadiums, arenas, and gymnasiums has increased due to people's heightened interest in engaging in physical activities. For instance, a report from the National Collegiate Athletic Association in March 2023 revealed a 5% increase in the number of student-athletes participating in NCAA women's championship sports, rising from 10,726 in 2020-2021 to 226,212 in 2021-22. Consequently, the global rise in people's interest in sports is a key driver for the growth of the sports market.
Sports organizers are integrating virtual reality (VR) technology to enhance the spectator experience during sporting events. Virtual reality creates immersive simulations of environments, offering users a sense of physical presence in a virtual world. Clubs and teams are exploring simulated and 360-degree environments to elevate spectators' match-viewing experiences, allowing them to virtually explore stadiums or race tracks and observe matches from various angles. Notably, the NBA game featuring the Sacramento Kings and San Antonio Spurs was broadcasted in VR, while NASCAR has incorporated virtual reality in creating interactive fan areas at race tracks.
Major players in the sports market are unveiling cutting-edge wearable devices such as Vector Core to establish a competitive advantage. Vector Core, a wearable gadget, employs advanced hardware and technology to assist teams in data management and analysis. For instance, in May 2023, Catapult, a US-based sports performance analytics company, launched Vector Core - a cost-effective solution tailored for academies and teams. This innovative device offers enhanced load management metrics, efficient data uploads, and automated data collection.
Major companies operating in the sports market report are Liberty Media Corporation, Life Time Group Hldgs, Futbol Club Barcelona, Maruhan, Topgolf Callaway Brands Corp, Dallas Cowboys, Manchester City F.C., Real Madrid C.F., Heiwa Corporation, Manchester United PLC, Guangzhou Evergrande Taobao, Shandong Luneng Taishan, Dalian Shide, Liaoning Football Club, Beijing Guoan, Shanghai SIPG, Jiangsu Suning, Shanghai Greenland Shenhua, Hebei China Fortune, Tianjin Teda, Chongqing Lifan, Mumbai Indians, Kolkata Knight Riders, Kings XI Punjab, Chennai Super Kings, Jaipur Pink Panthers, Chennaiyan FC, Mumbai City FC, Atletico de Kolkata, FC Goa, Urawa Red Diamonds, FC Bayern Munich, Paris Saint-Germain F.C, Borussia Dortmund, Juventus F.C., A.C. Milan, Liverpool F.C, Arsenal F.C, Chelsea F.C., PFC CSKA Moscow, FC Zenit Saint Petersburg, FC Lokomotiv Moscow, FC Spartak Moscow, FC Anzhi Makhachkala, Toronto Raptors, Toronto Maple Leafs, Toronto Blue Jays, Montreal Canadien, Vancouver Canucks, Edmonton Oilers, Calgary Flames, Ottawa Senators, Toronto FC, C.F. Monterrey, Tigres UANL, New York Knicks, New York Giants, Los Angeles Lakers, Golden State Warriors, Philadelphia Eagles, Boston Celtics, San Francisco Giants, New York Yankees, Los Angeles Dodgers, Houston Texans, New England Patriots, Los Angeles Rams, Clube de Regatas do Flamengo, Sociedade Esportiva Palmeiras, Sport Club Corinthians Paulista, Santos Futebol Clube, Al Hilal Club, Al-Nassr Football Club, Al-Ahli Saudi FC, Al-Ittihad Club, Maccabi Tel Aviv F.C., Hapoel Be'er Sheva F.C., Al Ahly, Espérance Sportive de Tunis, Club Africain, Kaizer Chiefs, Mamelodi Sundowns, Springboks.
North America was the largest region in the sports market in 2023. Africa is expected to be the fastest-growing region in the forecast period. The regions covered in the sports market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the sports market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa. The sports market includes revenues earned by entities by providing services such as live sporting events before a paying audience or entities that operate golf courses and country clubs, skiing facilities, marinas, fitness, and recreational sports centers, and bowling centers. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
Two primary categories of sports are spectator sports and participatory sports. Spectator sports involve the presentation of sporting events by teams, clubs, or independent athletes. Revenue streams for these sports include media rights, merchandising, ticket sales, and sponsorship, with various ownership structures such as chained and standalone entities.
The sports market research report is one of a series of new reports that provides sports market statistics, including sports industry global market size, regional shares, competitors with a sports market share, detailed sports market segments, market trends, and opportunities, and any further data you may need to thrive in the sports industry. This sports market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Sports Market Characteristics4. Sports Market Trends and Strategies68. Global Sports Market Competitive Benchmarking69. Global Sports Market Competitive Dashboard70. Key Mergers and Acquisitions in the Sports Market
3. Sports Product/Service Analysis -Product/Service Examples
5. Sports Market - Macro Economic Scenario
6. Global Sports Market Size and Growth
7. Sports Market Segmentation
8. Sports Market Regional and Country Analysis
9. Asia-Pacific Sports Market
10. China Sports Market
11. India Sports Market
12. Japan Sports Market
13. Australia Sports Market
14. Indonesia Sports Market
15. South Korea Sports Market
16. Bangladesh Sports Market
17. Thailand Sports Market
18. Vietnam Sports Market
19. Malaysia Sports Market
20. Singapore Sports Market
21. Philippines Sports Market
22. Hong kong Sports Market
23. New Zealand Sports Market
24. Western Europe Sports Market
25. UK Sports Market
26. Germany Sports Market
27. France Sports Market
28. Italy Sports Market
29. Spain Sports Market
30. Austria Sports Market
31. Belgium Sports Market
32. Denmark Sports Market
33. Finland Sports Market
34. Ireland Sports Market
35. Netherlands Sports Market
36. Norway Sports Market
37. Portugal Sports Market
38. Sweden Sports Market
39. Switzerland Sports Market
40. Eastern Europe Sports Market
41. Russia Sports Market
42. Czech Republic Sports Market
43. Poland Sports Market
44. Romania Sports Market
45. Ukraine Sports Market
46. North America Sports Market
47. USA Sports Market
48. Canada Sports Market
49. Mexico Sports Market
50. South America Sports Market
51. Brazil Sports Market
52. Chile Sports Market
53. Argentina Sports Market
54. Colombia Sports Market
55. Peru Sports Market
56. Middle East Sports Market
57. Saudi Arabia Sports Market
58. Israel Sports Market
59. Iran Sports Market
60. Turkey Sports Market
61. United Arab Emirates Sports Market
62. Africa Sports Market
63. Egypt Sports Market
64. Nigeria Sports Market
65. South Africa Sports Market
66. Sports Market Competitive Landscape and Company Profiles
67. Sports Market Other Major and Innovative Companies
71. Sports Market Future Outlook and Potential Analysis
72. Appendix
Executive Summary
Sports Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on sports market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
- Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis.
- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Where is the largest and fastest growing market for sports? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Report Scope
Markets Covered:1) By Type: Spectator Sports; Participatory Sports
2) By Revenue Source: Media Rights; Merchandising; Tickets; Sponsorship
3) By Ownership: Chained; Standalone
Sub segments: Sports Team & Clubs; Racing & Individual Sports; Golf Courses and Country Clubs; Skiing Facilities; Marinas; Fitness and Recreational Sports Centers; Bowling Centers; Other Participatory Sports
Key Companies Mentioned: Liberty Media Corporation; Life Time Group Hldgs; Futbol Club Barcelona; Maruhan; Topgolf Callaway Brands Corp
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard
Companies Mentioned
- Liberty Media Corporation
- Life Time Group Hldgs
- Futbol Club Barcelona
- Maruhan
- Topgolf Callaway Brands Corp
- Dallas Cowboys
- Manchester City F.C.
- Real Madrid C.F.
- Heiwa Corporation
- Manchester United Plc
- Guangzhou Evergrande Taobao
- Shandong Luneng Taishan
- Dalian Shide
- Liaoning Football Club
- Beijing Guoan
- Shanghai SIPG
- Jiangsu Suning
- Shanghai Greenland Shenhua
- Hebei China Fortune
- Tianjin Teda
- Chongqing Lifan
- Mumbai Indians
- Kolkata Knight Riders
- Kings XI Punjab
- Chennai Super Kings
- Jaipur Pink Panthers
- Chennaiyan FC
- Mumbai City FC
- Atletico de Kolkata
- FC Goa
- Urawa Red Diamonds
- FC Bayern Munich
- Paris Saint-Germain F.C
- Borussia Dortmund
- Juventus F.C.
- A.C. Milan
- Liverpool F.C
- Arsenal F.C
- Chelsea F.C.
- PFC CSKA Moscow
- FC Zenit Saint Petersburg
- FC Lokomotiv Moscow
- FC Spartak Moscow
- FC Anzhi Makhachkala
- Toronto Raptors
- Toronto Maple Leafs
- Toronto Blue Jays
- Montreal Canadien
- Vancouver Canucks
- Edmonton Oilers
- Calgary Flames
- Ottawa Senators
- Toronto FC
- C.F. Monterrey
- Tigres UANL
- New York Knicks
- New York Giants
- Los Angeles Lakers
- Golden State Warriors
- Philadelphia Eagles
- Boston Celtics
- San Francisco Giants
- New York Yankees
- Los Angeles Dodgers
- Houston Texans
- New England Patriots
- Los Angeles Rams
- Clube de Regatas do Flamengo
- Sociedade Esportiva Palmeiras
- Sport Club Corinthians Paulista
- Santos Futebol Clube
- Al Hilal Club
- Al-Nassr Football Club
- Al-Ahli Saudi FC
- Al-Ittihad Club
- Maccabi Tel Aviv F.C.
- Hapoel Be'er Sheva F.C.
- Al Ahly
- Espérance Sportive de Tunis
- Club Africain
- Kaizer Chiefs
- Mamelodi Sundowns
- Springboks.
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 400 |
Published | February 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 506.93 Billion |
Forecasted Market Value ( USD | $ 629.81 Billion |
Compound Annual Growth Rate | 5.6% |
Regions Covered | Global |
No. of Companies Mentioned | 83 |