Future of Motorsports Market: Electric Vehicles, The Thrill, the Tech, and the Global Impact | Most Leading Companies - Ferrari S.p.A, Mercedes-Benz GmbH, Red Bull GmbH, McLaren Automotive Limited

The Global Motorsports Market reached USD 5.2 billion in 2022 and is expected to reach USD 9.29 billion by 2030, growing with a CAGR of 7.8% during the forecast period 2024-2031.

Motorsports Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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Motorsports refers to competitive events where vehicles, typically powered by engines, race against each other, often on closed tracks or designated courses. These events include various categories, such as car racing (Formula 1, NASCAR), motorcycle racing (MotoGP), rallying, and off-road racing. Motorsports are recognized for their high-speed, technical expertise, precision driving, and engineering innovation.

List of the Key Players in the Motorsports Market:

Ferrari S.p.A, Mercedes-Benz GmbH, Red Bull GmbH, McLaren Automotive Limited, Aston Martin Racing, Audi Sport, Dempsey-Proton Racing, e.dams-Renault, Extreme Speed Motorsports and Force India.

Industry Developments:

On April 25, 2022, TVS Motor Company, a leading Indian two-wheeler manufacturer, announced a partnership with PETRONAS, a global energy group, to sponsor TVS Racing, India's premier factory racing team.

On March 30, 2023, EETech, a global leader in technological data, communities, and eCommerce in the automation and electronics industries, confirmed its partnership with RWR and Team SR2's #51 Indy car in the NTT INDYCAR SERIES, which is broadcast across 223 markets in 142 countries, featuring 17 events in North America.

On March 3, 2022, BWR Motorsports GmbH introduced advanced technology that enables critical tire Dynamic Mechanical Analysis (DMA) tests on the racetrack. The MOTITE portable tire testing equipment offers race teams in series like Formula One and WEC the ideal solution to assess tire grip and performance on track.

Research Process:

Both primary and secondary data sources have been used in the global Motorsports Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Segment Covered in the Motorsports Market:

By Type: 4-Wheelers, 2-Wheelers

By Channel: Broadcasting, Ticketing, Advertiser/Sponsorship, Race Host Fees, Merchandizing, Others

By Race Series: Formula Racing, Speedway/Sprint Car, Hill climb, Touring Car Racing, Off-Road Racing, Rally Racing, Rallycross, Stock Car Racing, Drag Racing, Kart Racing, Others

Regional Analysis for Motorsports Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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People Also Ask:

➠ What is the global sales, production, consumption, import, and export value of the Motorsports market?

➠ Who are the leading manufacturers in the global Motorsports industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Motorsports industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Motorsports market?

➠ What are the various sales, marketing, and distribution channels in the global industry?

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