Sports Market Detailed Analysis of Current Industry Figures with Forecasts Growth By 2030
The sports market consists of sales of sports services and related goods by entities (organizations, sole traders and partnerships) that offer spectator sports and participatory sports. Spectator sports includes teams or clubs and independent athletes that present sporting events before a paying audience. The racing team owners of racing participants that enter the participants into racing events or other spectator sports events and the sports trainers who provide specialized services to support participants in sports events or competitions are part of this industry.
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The global sports market is expected to decline from $458.9 billion in 2019 to $446.5 billion in 2020 at a compound annual growth rate (CAGR) of -2.7%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 8% from 2021 and reach $556.1 billion in 2023.
Sports organizers or team franchises are using analytics to boost their revenues. Analytics involves generating insights from historical data to predict potential trends and analyze the effects of certain decisions or events. For instance, sports franchises are using analytics to determine the pricing of tickets through variable pricing and dynamic pricing. In variable pricing approach, team franchises use analytics and charge different prices for the same seat depending on the game.
Sports Market Segmentation:
1. Spectator Sports
2. Participatory Sports
By Revenue Source
1. Media Rights
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Few Points From Table Of Content
1. Executive Summary
2. Report Structure
3. Sports Market Characteristics
4. Sports Market Product Analysis
5. Sports Market Supply Chain
20. Sports Market Competitive Landscape
21. Key Mergers And Acquisitions In The Sports Market
22. Market Background: Recreation Market
25. Copyright And Disclaimer
The report covers the trends and market dynamics of the sports market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the sports market are Dallas Cowboys; Manchester United; Futbol Club Barcelona S.L; Real Madrid; FC Bayern Munich AG
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