The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The sports market size has grown strongly in recent years. It will grow from  $480.12 billion in 2023 to $506.93 billion in 2024 at a compound annual growth rate (CAGR) of 5.6%.  The growth in the historic period can be attributed to strong economic growth in emerging markets, rapid growth in e-commerce, rapid urbanization, the emergence of multiple sports channels, and high spending on sponsorships. The sports market size is expected to see strong growth in the next few years. It will grow to  $629.81 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%.  The growth in the forecast period can be attributed to an increase in internet accessible devices, favorable government initiatives and a rise in sports tourism. Major trends in the forecast period include increasing adoption of AR and VR, launch of sports streaming apps, adoption of contactless technologies, mobile ticketing, focusing on social media users, use of analytics for pricing tickets, combined fitness formats for better workouts, mobile training apps, use of technology to elevate skier experience, personalized fan engagement, fusion of sports and entertainment, sponsorships to partnerships, corporate social responsibility (CSR) and sustainability, focusing on different demographic groups, technology utilization in bowling centers and combining other activities with bowling.

The spinal surgery devices and equipment market is poised to benefit from the steady economic growth projected across numerous developed and developing countries. The International Monetary Fund (IMF) reported a 3.7% global real GDP growth in 2019 and 2020, with a slightly lower rate of 3.6% anticipated from 2021 to 2023. Stable economic growth, along with recovering commodity prices, is expected to be a significant driver. The US economy is predicted to sustain stable growth, while emerging markets are poised to outpace developed markets. India experienced an 8.7% GDP growth in 2021-22, showcasing a 1.5% increase compared to 2019-20, and China recorded an 8.1% GDP growth in 2021. This ongoing economic growth is anticipated to stimulate demand within the market. The market sizes for 2023, 2024, and 2028 mirror the positive economic outlook influencing market dynamics.

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What Are The Key Trends That Influence Sports Market Share Analysis?

Sports organizers are adopting virtual reality (VR) technology to enhance the spectator experience at sporting events. VR creates immersive environments by simulating physical presence through images, sounds, and sensations. Teams and clubs are experimenting with 360-degree and simulated environments to improve how fans experience matches. For example, the NBA broadcasted a game between the Sacramento Kings and San Antonio Spurs in VR, and NASCAR created an interactive VR fan zone at race tracks.

Which Market Players Are Driving Growth In The Sports Market?

Major companies operating in the market are Liberty Media Corporation, Life Time Group Hldgs, Futbol Club Barcelona, Maruhan, Topgolf Callaway Brands Corp, Dallas Cowboys, Manchester City F.C., Real Madrid C.F., Heiwa Corporation, Manchester United Plc, Guangzhou Evergrande Taobao, Shandong Luneng Taishan, Dalian Shide, Liaoning Football Club, Beijing Guoan, Shanghai SIPG, Jiangsu Suning, Shanghai Greenland Shenhua, Hebei China Fortune, Tianjin Teda, Chongqing Lifan, Mumbai Indians, Kolkata Knight Riders, Kings XI Punjab, Chennai Super Kings, Jaipur Pink Panthers, Chennaiyan FC, Mumbai City FC, Atletico de Kolkata, FC Goa, Urawa Red Diamonds, FC Bayern Munich, Paris Saint-Germain F.C, Borussia Dortmund, Juventus F.C., A.C. Milan, Liverpool F.C, Arsenal F.C, Chelsea F.C., PFC CSKA Moscow, FC Zenit Saint Petersburg, FC Lokomotiv Moscow, FC Spartak Moscow, FC Anzhi Makhachkala, Toronto Raptors, Toronto Maple Leafs, Toronto Blue Jays, Montreal Canadien, Vancouver Canucks, Edmonton Oilers, Calgary Flames, Ottawa Senators, Toronto FC, C.F. Monterrey, Tigres UANL, New York Knicks, New York Giants, Los Angeles Lakers, Golden State Warriors, Philadelphia Eagles, Boston Celtics, San Francisco Giants, New York Yankees, Los Angeles Dodgers, Houston Texans, New England Patriots, Los Angeles Rams, Clube de Regatas do Flamengo, Sociedade Esportiva Palmeiras, Sport Club Corinthians Paulista, Santos Futebol Clube, Al Hilal Club, Al-Nassr Football Club, Al-Ahli Saudi FC, Al-Ittihad Club, Maccabi Tel Aviv F.C., Hapoel Be’er Sheva F.C., Al Ahly, Espérance Sportive de Tunis, Club Africain, Kaizer Chiefs, Mamelodi Sundowns, Springboks.

How Is The Global Sports Market Segmented?

The sports market covered in this report is segmented –

1) By Type: Spectator Sports, Participatory Sports
2) By Revenue Source: Media Rights, Merchandising, Tickets, Sponsorship
3) By Ownership: Chained, Standalone

Sub segments: Sports Team & Clubs, Racing & Individual Sports, Golf Courses And Country Clubs, Skiing Facilities, Marinas, Fitness And Recreational Sports Centers, Bowling Centers, Other Participatory Sports

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The Sports Global Market Report 2024 provides an overview of the sportsmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The sports market forecast analyzes sports market size, sports market share, leading competitor and their market positions.

The Table Of Content For The Sports Market Include

1. Sports Market Executive Summary
2. Sports Market Segments
3. Sports Market Size And Template Market Growth Rate
4.  Key Sports Market Trends
5. Major Sports Market Drivers
……
25. Key Mergers And Acquisitions In The Sports Market
26. Top Sports Companies
27. Sports Market Opportunities And Strategies
28. Sports Market, Conclusions And Recommendations
29. Appendix

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