• Contact Us
  • IND: (+91) 40-485-49062
  • USA: (+1) 614-588-8538

The Motorsports Market is estimated to hit $6.87 billion by 2023

Published By: IndustryARC Published On : 11-Sep-2018
According to the new market research report by IndustryARC titled “Motorsports Market: By Broadcasting (FOX sports, ABC, TNT, ESPN, NBC and others) By Type (Auto Racing, Sports car racing, Stock car racing, Rallying, Drag racing, Kart racing and others ) and By Geography - Forecast (2018-2023)”, the market is driven by growing demand for variety of Motorsports across the world.

The global motorsports market was valued at $4.2 billion in 2017 with revenues accrued from various channels such as sponsorship, advertising, ticketing, and merchandising, hosting fees and broadcasting. The market is expected to grow at a healthy CAGR of around 8.43% during 2018 – 2023 to cross $6.87 billion by 2023.

Browse 52 Market Tables, 21 Figures spread through 138 slides and an in-depth TOC on “Motorsports Market (2018 - 2023)

Europe continues to lead the market share during 2018-2023

Europe is undoubtedly the world leader in the global motorsports market due to the subtle presence of Formula Racing in the region, facilitated by being the first region to host such events followed by the growing support from the high-end car manufacturers, most of which have originated from the European countries. Asia Pacific is the region following Europe in the global motorsports market, facilitated by the large fan base in countries particularly China, Japan, South Korea and Australia.
The total market for Europe Motorsports was estimated to be $1.9 billion in 2017 which is projected to reach $2.96 billion by 2023 with a CAGR of 7.65%. The key reason for such an impressive growth can be attributed to the strong economic recovery signs expected in the region for the coming years. Such a growth creates robust growth avenues for motorsports market. Asia-pacific is projected to register highest growth rate of 10.95% CAGR.

Selected / Sample Analysis done in the full Report:

Total market value of NASCAR and IndyCar was $3.1 billion in 2017; it is estimated to grow at a CAGR of 2.8% to reach $3.8 billion by 2023 in the U.S. The NASCAR racing is forecast to grow at CAGR of 1.90% and reach $3.3 billion by 2023, whereas IndyCar racing is estimated to grow at a CAGR of 6.41% to reach $276 billion by 2023. The ticketing revenue of IndyCar racing series is projected to grow rapidly as compared to NASCAR racing due to the changes in the ticketing and merchandising revenue segments.
To access / purchase the full report browse the link below:

Excerpts on Market Growth Factors Mentioned in the Full Report:

1. The market is driven by the increase in the number of races, advertisements and sponsorships, the revenue in the racing business will likely to surge.
2. In the recent times, the concept of Electric Vehicles (EV) has caught up rapidly with manufacturers aiming at providing cars running on batteries employing electric motors to propel them. This factor is also driving significant growth for the Motorsports market.
3. Growing interest of fans in collecting the sports memorabilia has also propelled the market’s growth.
Talk to one of our sales representative about the full report by providing your details in the below link:  

Key Players of the Motorsports Market:

The major innovations are from the key players in the industry such as Ferrari, Mercedes, McLaren and Red Bull owing to availability of significant amount of funds for R&D activities and a dedicated infrastructure for these operations. Major product launches included Ferrari’s F14T for 2014 F1 racing championship; Mercedes-Benz’s Mercedes AMGF1, its newest addition to its Formula One cars; Red Bull’s RB10 Formula 1 car for its fifth consecutive Formula 1 championship double, etc.

Browse Related Reports:
  • Advanced Driver Assistance Systems (ADAS) Market: By Vehicle Type (Passenger Vehicle, Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV)); By Sensors (Image, RADAR, Laser, Ultrasonic, Infrared, Capacitive and Others); By Application (Adaptive cruise control, Blind spot monitor, Collision avoidance system, Driver drowsiness detection Others); By Geography - Forecast(2018-2023) 

About IndustryARC:

IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.

IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business.

We look forward to support the client to be able to better address customer needs; stay ahead in the market; become the top competitor and get real-time recommendations on business strategies and deals. Contact us to find out how we can help you today.

Contact Us:
Mr. Venkateshwar Reddy
Business Development Manager 
Contact Sales: 1-614-588-8538 (Ext-101)
Connect with us on LinkedIn - https://www.linkedin.com/company/industryarc

Request for Sample

News letter

Type your email address below and recive our daily news letter for free

Need Assistance?

If you have any doubts please contact.

Call Us

(U.S. - Canada toll free)
+1-614-588-8538

Write Us

(Please send a mail)
sales@industryarc.com