The Global Sports Market Report by The Business Research Company covers sports market drivers and restraints, sports market size, major players, and the impact of COVID-19 on the sports market.
The sports market consists of sales of sports services and related goods by entities (organizations, sole traders and partnerships) that provide 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 sports market is segmented into spectator sports and participatory sports.
The market is expected to benefit from steady economic growth forecasted for many developed and developing countries.
The global sports market is expected to grow from $388.28 billion in 2020 to $440.77 billion in 2021 at a compound annual growth rate (CAGR) of 13.5%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $599.9 billion in 2025 at a CAGR of 8%.
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Some sports market trends include sports organizers implementing virtual reality (VR) technology to improve the spectators’ experience in sporting events. Virtual reality generates images, sounds and other sensations that simulate a physical presence in an imaginary environment. Clubs and teams are experimenting with simulated and 360-degree environments to enhance the match viewing experience of the spectators by allowing them to have a virtual walkthrough of the stadium or the race track and view the match at different angles.
Global sports market segments include:
1) By Type: Spectator Sports, Participatory Sports.
2) By Revenue Source: Media Rights, Merchandising, Tickets, Sponsorship.
Subsegments Covered: Sports Team & Clubs, Racing & Individual Sports, Golf Courses And Country Clubs, Skiing Facilities, Marinas, Fitness And Recreational Sports Centers, Bowling Centers, Other Participatory Sports.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America accounts for the largest global sports market share.
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The Sports Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides sports market overviews, analyzes and forecasts market size, share, sports market players, sports market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The sports market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Sports Global Market Report 2021: COVID-19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: Dallas Cowboys, Manchester United, Futbol Club Barcelona S.L, Real Madrid, FC Bayern Munich AG.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Sports Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Sports Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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Here is a list of reports from The Business Research Company similar to the Sports Global Market Report 2021:
Spectator Sports Market – By Type (Sports Team & Clubs, Racing & Individual Sports), By Deployment Model (Public Cloud, Private Cloud, Hybrid Cloud), By Revenue Source (Media Rights, Merchandising, Tickets, Sponsorship), By Type Of Sport (Soccer, Cricket, Rugby/Football, Tennis), And By Region, Opportunities And Strategies – Global Forecast To 2030
Esports Market – By Game (Multiplayer Online Battle Arena (MOBA), Real Time Strategy, First Person Shooter, Fighting And Sports), By Platform (PC, Console, Mobile), By Revenue Source (Sponsorship, Advertising, Merchandise & Tickets, Publisher Fees, Media Rights) And By Region, Opportunities And Strategies – Global Forecast To 2030
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