Global Sports Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
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 offer spectator sports and participatory sports. Spectator sports include 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. The establishments that operate race tracks are also included in this industry. The sports market consists of the sales of sports services and related goods by entities 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 global sports market reached a value of nearly $388.3 billion in 2020, having increased at a compound annual growth rate (CAGR) of 3.4% since 2015. The market declined from $458.8 billion in 2019 to $388.3 billion in 2020 at a rate of -15.4%. The decline is mainly due to lockdown and social distancing norms imposed by various countries and economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The sports market is expected to reach $599.9 billion by 2025, and $826.0 billion by 2030.
Rising penetration of mobile, tablet and other electronics and the emergence of affordable Internet in developing countries are expected to drive the sports market in the forecast period. Increased sales of Internet accessible electronic devices such as smartphones and tablets lead to an increase in online viewership of sports content.
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Some sports market trends include implementation of mobile ticketing to provide hassle free ticket purchase experience and increased use of social media has played a pivotal role in driving engagement with sports fans.
Global sports market segments include:
1) By Type: Spectator Sports, Participatory Sports
The spectator sports market is further segmented by type into Sports Team and Clubs, Racing and Individual Sports
The participatory sports market is further segmented by type into Marines, Bowling Centers, Skiing Facilities, Fitness and Recreational Sports Centers, Golf Courses and Country Clubs, Other Participatory Sports
2) By Revenue Source: Tickets, Media Rights, Sponsorship, Merchandising
3) By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Sports Global Market Report 2021: Opportunities And Strategies 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 identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Where To Learn More:
Read Sports Global Market Report 2021: Opportunities And Strategies 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: Maruhan, Dallas Cowboys, New York Yankees, Manchester United Football Club, Futbol Club Barcelona
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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