Spectator Sports Market (COVID-19 UPDATE) Future Challenges and Industry Growth Outlook 2030
The global spectator sports market is expected to decline from $144.2 billion in 2019 to $139.5 billion in 2020 at a compound annual growth rate (CAGR) of -3.3%. 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 $171.7 billion in 2023.
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The spectator sports market consists of sales of spectator sports services and related goods by entities (organizations, sole traders and partnerships) that includes sub sections of sports teams and clubs, race tracks and other spectator sports. This market includes sales from entry fees, merchandise and other related goods and services.
Sports event organizers are implementing mobile ticketing to provide hassle free ticket purchase experience. Customers can buy and validate the tickets for any sporting event through their smart phones and will get updates regarding the event. Mobile ticketing reduced the costs associated with paper based ticketing channels. It provides the organizers with customer and fan database exchanged digitally through ticket transactions to formulate marketing strategies.
Spectator Sports Market Segmentation:
1. Sports Team & Clubs
2. Racing & Individual Sports
By Distribution Channel
1. Media Rights
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Few Points From Table Of Content
1. Executive Summary
2. Report Structure
3. Spectator Sports Market Characteristics
4. Spectator Sports Market Product Analysis
5. Spectator Sports Market Supply Chain
21. Key Mergers And Acquisitions In The Spectator Sports Market
22. Market Background: Sports Market
25. Copyright And Disclaimer
The report covers the trends and market dynamics of the spectator 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 spectator sports market are Dallas Cowboys, Manchester United, FC Barcelona, Real Madrid, New York Yankees
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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