Sports Global Market Report 2022 Industry Size, Share, Trends And Forecasts To 2031

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The global sports market report by the business research company identifies the steady economic growth forecasted for many developed and developing countries to be a major growth driver for the sports market. The International Monetary Fund (IMF) stated that the global real GDP growth was 3.7% over 2019 and 2020 and 3.6% from 2021 to 2023. Recovering commodity prices are further expected to be a significant factor driving economic growth. The US economy is expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period. For instance, India's GDP grew by 7.3%, whereas China registered a GDP growth of 6.2% in 2019. This continued economic growth is expected to drive the demand for sports.

The global sports market grew from $354.96 billion in 2021 to $496.52 billion in 2022 at a compound annual growth rate (CAGR) of 39.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The sports market is expected to grow to $644.6 billion in 2026 at a CAGR of 6.7%.

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North America was the largest region in the sports market in 2021. Africa is expected to be the fastest-growing region in the forecast period. The regions covered in the sports market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Major companies in the market include Maruhan, Life Time Fitness, Inc., Liberty Media Corporation, Futbol Club Barcelona, Dallas Cowboys, Heiwa Corporation, Manchester City F.C., New York Yankees, Manchester United Football Club and Juventus.

The global sports market is segmented -
1) By Type: Spectator Sports, Participatory Sports.
2) By Revenue Source: Media Rights, Merchandising, Tickets, Sponsorship.
3) By Ownership: Chained, Standalone.

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The Sports Market Report Contents Include
1. Executive Summary
2. Report Structure
3. Sports Market Characteristics
4. Sports Market Product Analysis
5. Sports Market Supply Chain
....
21. Sports Market Competitive Landscape
22. Key Mergers And Acquisitions In The Sports Market
23. Market Background: Recreation Market
24. Recommendations
25. Appendix

This 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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