Motorsports Market - Forecast(2025 - 2031)

Report Code: ATR 0005 Report Format: PDF + Excel

Motorsports Market Overview:

The Motorsports Market size is estimated to reach $15.3 Billion by 2030, growing at a CAGR of 25.1% during the forecast period 2024-2030. The motorsports industry is embracing electrification, driven by the global push for sustainability and reduced carbon emissions. Electric racing events such as Formula E and Extreme E are gaining prominence, showcasing cutting-edge electric vehicle technology. Manufacturers are leveraging these platforms to develop high-performance EVs and promote eco-friendly innovations. The shift towards electric-powered motorsports is also attracting environmentally conscious sponsors and fans, transforming the industry’s traditional dynamics. This trend underscores the industry's commitment to balancing performance with environmental responsibility.

Motorsports is increasingly adopting advanced technologies like artificial intelligence, data analytics, and augmented reality. Teams leverage real-time telemetry data and AI algorithms to optimize vehicle performance, strategize races, and enhance safety. Virtual and augmented reality tools provide immersive fan experiences, reshaping audience engagement during live events. These technological advancements are not only elevating competitive performance but also creating new revenue streams through enhanced fan interactions and digital content. The integration of these innovations is revolutionizing the way motorsports operates and connects with its audience. These factors positively influence the Motorsports industry outlook during the forecast period.

Market Snapshot: 

Motorsports Market - Report Coverage:

The “Motorsports Market Report - Forecast (2024-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Motorsports Market.

 

Attribute

Segment

By Type

·         League Organizers and Promoters

·         Race teams

·         Track Owners/Runners

 

By Channel

·         Broadcasting

·         Ticketing

·         Race Host Fees

·         Advertiser/Sponsorship

·         Merchandising

·         Others




 

By Storage

·         One-Make Series

·         Touring Car Racing

·         Stock Car Racing

·         GT Racing

·         Endurance Racing

·         Rally and Off-Road Racing

·         Formula Racing

·         Motorbike Racing

By Application

·         Venue Racing

·         Non-Venue Racing





 

By Geography

·         North America (U.S., Canada and Mexico)

·         Europe (Germany, France, UK, Italy, Spain, Russia, Netherlands and Rest of Europe),

·         Asia-Pacific (China, Japan, South Korea, India, Australia and New Zealand, Indonesia, Malaysia and Rest of Asia-Pacific),

·         South America (Brazil, Argentina, Chile, Colombia and Rest of South America)

·         Rest of the World (Middle East and Africa).

COVID-19 / Ukraine Crisis - Impact Analysis:  

•    The COVID-19 pandemic significantly disrupted the motorsports market, leading to event cancellations, restricted audience attendance, and delays in racing schedules. Teams and organizers faced operational challenges due to stringent health protocols and reduced sponsorship investments. However, the shift to digital platforms for virtual racing gained traction, creating new engagement opportunities. As restrictions eased, the market gradually adapted, focusing on enhanced safety measures and innovative strategies to revive audience and sponsor interest.

•    The Ukraine crisis affected the motorsports market by disrupting supply chains for critical components and impacting sponsorship agreements. Rising operational costs and logistical challenges strained teams and event organizers. Despite these hurdles, the industry pivoted toward fostering collaborations and diversifying resource procurement to ensure continuity. Efforts to maintain fan engagement through alternative events and digital platforms showcased the sector's resilience and adaptability in navigating complex market challenges.

Key Takeaways:

Asia Pacific is Projected as Fastest Growing Region

Asia Pacific is projected as the fastest growing region in Motorsports Market with CAGR of 11.7% during the forecast period 2024-2030. The Asia Pacific region is experiencing significant growth in the motorsports market, driven by increasing interest in racing events and expanding fanbases across diverse countries. The rise in motorsports infrastructure, including race tracks and training facilities, has been pivotal in attracting global events. Sponsorship and media rights are also playing a crucial role, boosting revenue opportunities for teams and organizers. Additionally, the integration of advanced technology, including electric vehicles and digital platforms, is reshaping the fan experience and engagement, further elevating the region’s motorsports profile.

Sport Car Racing Segment to Register the Fastest Growth

Sport Car Racing segment is projected as the fastest growing segment in Motorsports Market with CAGR of 7.8% during the forecast period 2024-2030. Sport car racing continues to be a prominent trend in the motorsports market, driven by advancements in automotive technology and a growing focus on performance and innovation. Manufacturers are increasingly investing in high-performance vehicles, utilizing cutting-edge materials and engineering to enhance speed, handling, and safety. The integration of electric and hybrid technologies is gaining traction, with teams and manufacturers exploring sustainability without compromising on power. Additionally, fan engagement through digital platforms and virtual racing is expanding, providing new opportunities for interaction and audience growth. This evolution emphasizes both tradition and modernization in the sport.

Advertising/Sponsorship is Leading the Market 

Advertising/Sponsorship held the largest market valuation in 2023. In the Motorsports market, advertising and sponsorship have increasingly become essential tools for brand visibility and engagement. As digital platforms rise in prominence, brands are integrating real-time content and social media campaigns to reach broader audiences. Sponsorships are evolving beyond traditional race-day activations, with companies leveraging technology for immersive fan experiences and virtual engagement. Additionally, there is a growing emphasis on sustainability, with brands aligning themselves with eco-conscious initiatives within the motorsports industry. This shift offers unique opportunities for innovative partnerships and enhances the long-term appeal of motorsports marketing.

Fan Experience and Media Coverage

The growing emphasis on fan experience and media coverage is significantly influencing the motorsports market. As the demand for immersive, interactive experiences increases, motorsports organizations have expanded their digital and physical engagement strategies. Virtual platforms, social media, and live streaming enable fans to access exclusive content, engage with teams, and participate in events remotely. Enhanced television broadcasts with cutting-edge graphics, behind-the-scenes footage, and real-time updates have further increased accessibility and excitement. This expanded media coverage strengthens fan loyalty and attracts new viewers, ensuring the sustained popularity and expansion of motorsports events globally.

Environmental Sustainability

As sustainability becomes increasingly important, the motorsports industry faces pressure to reduce its environmental footprint. The use of high-performance vehicles and fuels has traditionally contributed to significant carbon emissions. With rising concerns about climate change, the market must balance performance with eco-friendly initiatives. Implementing cleaner technologies, such as electric and hybrid powertrains, while maintaining competitive edge presents a significant challenge. Moreover, adopting sustainable practices across events, logistics, and supply chains requires substantial investment and operational changes, putting added strain on teams and organizations.

Key Market Players: 

Product/Service launches, approvals, patents and events, acquisitions, partnerships, and collaborations are key strategies adopted by players in the Motorsports Market. The top 10 companies in this industry are listed below:
1.    Mercedes
2.    Ferrari 
3.    Red Bull
4.    Mclaren Racing 
5.    Alpine
6.    Aston Martin
7.    Chevy Motorsports
8.    Hendrick Motorsports
9.    Ducati 
10.    Joe Gibbs Racing

Scope of the Report: 

 

Report Metric

Details

Base Year Considered

2023

Forecast Period

2024–2030

CAGR

7.2%

Market Size in 2030

$24.0 Billion

Segments Covered

By Type, By Channel, By Race Series and By Application and By Geography.




 

Geographies Covered

North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia, Netherlands and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia and New Zealand, Indonesia, Malaysia and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Rest of the World (Middle East and Africa).




 

 

Key Market Players

1.      Mercedes

2.      Ferrari

3.      Red Bull

4.      Mclaren Racing

5.      Alpine

6.      Aston Martin

7.      Chevy Motorsports

8.      Hendrick Motorsports

9.      Ducati

10.  Joe Gibbs Racing

 
For more Automotive Market reports, please click here
1.    Motorsports Market - Overview
    1.1. Definitions and Scope
2.    Motorsports Market - Executive Summary
    2.1. Key Trends by Type
    2.2. Key Trends by Channel
    2.3. Key Trends by Race Series
    2.4. Key Trends by Application
    2.5. Key Trends by Geography
3.    Motorsports Market - Comparative Analysis
    3.1. Market Share Analysis- Major Companies
    3.2. Product Benchmarking- Major Companies
    3.3. Top 5 Financials Analysis
    3.4. Patent Analysis- Major Companies
    3.5. Pricing Analysis (ASPs will be provided)
4.    Motorsports Market - Start-up Companies Scenario
    4.1. Key Start-up Company Analysis:
        4.1.1. Investment
        4.1.2. Revenue
        4.1.3. Product portfolio
        4.1.4. Venture Capital and Funding Scenario
5. Motorsports Market – Industry Market Entry Scenario Premium
    5.1. Regulatory Framework Overview
    5.2. New Business and Ease of Doing Business Index
    5.3. Successful Venture Profiles
    5.4. Customer Analysis – Major companies
6. Motorsports Market - Forces
    6.1. Market Drivers
    6.2. Market Constraints
    6.3. Porter's Five Force Model
        6.3.1. Bargaining Power of Suppliers
        6.3.2. Bargaining Powers of Customers
        6.3.3. Threat of New Entrants
        6.3.4. Rivalry Among Existing Players
        6.3.5. Threat of Substitutes
7.    Motorsports Market – Strategic Analysis
    7.1. Value Chain Analysis
    7.2. Opportunities Analysis
    7.3. Product Life Cycle/Market Life Cycle 
    7.4. Distributor Analysis – Major Companies
8.    Motorsports Market – By Type (Market Size – $Million/$Billion)
    8.1. League Organizers and Promoters
    8.2. Race teams
    8.3. Track Owners/Runners
9.    Motorsports Market– By Channel (Market Size – $Million/$Billion)
    9.1. Broadcasting
    9.2. Ticketing
    9.3. Race Host Fees
    9.4. Advertiser/Sponsorship
    9.5. Merchandising
    9.6. Others
10.    Motorsports Market– By Race Series (Market Size – $Million/$Billion)
    10.1. One-Make Series
        10.1.1.    Porsche Supercup
        10.1.2.    Ferrari Challenge
        10.1.3.    Lamborghini Super Trofeo
        10.1.4.    Others
    10.2. Touring Car Racing
        10.2.1.    World Touring Car Championship
        10.2.2.    BTCC
        10.2.3.    DTM
        10.2.4.    Others
    10.3. Stock Car Racing
        10.3.1.    NASCAR
        10.3.2.    ARCA Menards Series
        10.3.3.    Others
    10.4. GT Racing
        10.4.1.    GT Series World Challenge (Blacpain GT Series)
        10.4.2.    Super GT  
        10.4.3.    Intercontinental GT Challenge 
        10.4.4.    Others
    10.5. Endurance Racing
        10.5.1.    World Endurance Championship (WEC) 
        10.5.2.    IMSA WeatherTech SportsCar Championship 
        10.5.3.    24H Series 
        10.5.4.    Others
    10.6. Rally and Off-Road Racing
        10.6.1.    World Rally Championship (WRC) 
        10.6.2.    European Rally Championship (ERC) 
        10.6.3.    Dakar Rally 
        10.6.4.    SCORE International Off-Road Racing
        10.6.5.    Extreme E 
        10.6.6.    NHRA Drag Racing Series
        10.6.7.    Others
    10.7. Formula Racing
        10.7.1.    Formula 1 
        10.7.2.    Formula 2
        10.7.3.    Formula E
        10.7.4.    IndyCar
        10.7.5.    Others
    10.8. Motorbike Racing
       10.8.1.    MotoGP 
       10.8.2.    WorldSBK 
       10.8.3.    FIM EWC
       10.8.4.    SuperMotoCross Championship (MX)
       10.8.5.    British SuperBikes (BSB) 
       10.8.6.    MotoCross World Championship (MXGP)
       10.8.7.    MotoAmerica Superbike Championship
       10.8.8.    Others
11.    Motorsports Market– By Application (Market Size – $Million/$Billion)
    11.1. Venue Racing
    11.2. Non-Venue Racing
12.    Motorsports Market – by Geography (Market Size – $Million/$Billion) 
    12.1. North America
       12.1.1.    U.S
       12.1.2.    Canada
       12.1.3.    Mexico
    12.2. Europe
       12.2.1.    Germany
       12.2.2.    France
       12.2.3.    UK
       12.2.4.    Italy
       12.2.5.    Spain
       12.2.6.    Russia
       12.2.7.    Netherlands
       12.2.8.    Rest of Europe
    12.3. Asia-Pacific
       12.3.1.    China
       12.3.2.    Japan
       12.3.3.    South Korea
       12.3.4.    India
       12.3.5.    Australia and New Zealand
       12.3.6.    Indonesia
       12.3.7.    Malaysia
       12.3.8.    Rest of Asia-Pacific
    12.4. South America
       12.4.1.    Brazil
       12.4.2.    Argentina
       12.4.3.    Chile
       12.4.4.    Colombia
       12.4.5.    Rest of South America
    12.5. Rest of The World
       12.5.1.    Middle East
       12.5.2.    Africa
13.    Motorsports Market – Entropy
    13.1. New product launches
    13.2. M&A's, collaborations, JVs and partnerships
14.    Motorsports Market – Industry/Segment Competition Landscape 
    14.1. Market Share at Global Level - Major companies
    14.2. Market Share by Key Region - Major companies
    14.3. Market Share by Key Country - Major companies
    14.4. Market Share by Key Type - Major companies
15.    Motorsports Market – Key Company List by Country Premium 
16.    Motorsports Market – Company Analysis

    16.1. Mercedes
    16.2. Ferrari 
    16.3. Red Bull
    16.4. Mclaren Racing 
    16.5. Alpine
    16.6. Aston Martin
    16.7. Chevy Motorsports
    16.8. Hendrick Motorsports
    16.9. Ducati 
List of Tables:
 
Table 1. Global Motorsports Market Revenue, 2013 – 2019 ($Billion) 
Table 2. U.S. Nascar And Indycar Racing Market Revenue, 2013-2019 ($Million) 
Table 3. Nascar’s National Events (North America) 
Table 4. F1 Team Budget, By Teams, 2013 ($Million) 
Table 5. Broadcasting Revenue In Motorsports Market, 2013 – 2019 ($Million) 
Table 6. Americas Motorsports Broadcasting Market, By Country, 2013 - 2019 ($Million) 
Table 7. U.S. Nascar And Indycar Racing Broadcasting Revenue, 2013-2019 ($Million) 
Table 8. Europe Motorsports Broadcasting Market, By Country, 2013 - 2019 ($Million) 
Table 9. Apac Broadcasting Market Revenue, By Country, 2013 – 2019 ($Million) 
Table 10. Ticketing Revenue In Motorsports Market, By Region, 2013 – 2019 ($Million) 
Table 11. Americas Motorsport Ticketing Revenue, By Country, 2013 – 2019 ($Million) 
Table 12. U.S. Nascar And Indycar Racing Ticketing Revenue, 2013-2019 ($Million) 
Table 13. Europe Motorsport Ticketing Revenue, By Country, 2013 – 2019 ($Million) 
Table 14. Apac Motorsport Ticketing Revenue, By Country, 2013 – 2019 ($Million) 
Table 15. Market Merchandising Revenue, By Region, 2013 – 2019 ($Million) 
Table 16. Americas Motorsport Merchandising Revenue, By Country, 2013 – 2019 ($Million) 
Table 17. U.S. Nascar And Indycar Racing Merchandising Revenue, 2013-2019 ($Million) 
Table 18. Europe Motorsports Merchandising Market Revenue, By Country, 2013 – 2019 ($Million) 
Table 19. Apac Motorsports Merchandising Market Revenue, By Country, 2013 – 2019 ($Million) 
Table 20. Sponsorship Revenue In Motorsports Market, By Region, 2013 – 2019 ($Million) 
Table 21. Market Sponsorship Revenue, By Sponsors Industry Type, 2013 (%) 
Table 22. Americas Motorsport Sponsorship Revenue, By Country, 2013 – 2019 ($Million) 
Table 23. U.S. Nascar And Indycar Racing Advertising& Sponsorships Revenue 2013-2019 ($Million) 
Table 24. Europe Motorsports Sponsorship Market Revenue, By Country, 2013 – 2019 ($Million) 
Table 25. Apac Motorsport Sponsorship Market Revenue, By Country, 2013 – 2019 ($Million) 
Table 26. Race Hosting Fees Revenue In Motorsports Market, By Region, 2013 – 2019 ($Million) 
Table 27. Cost Of Hosting Formula One Grand Prix, 2013 ($Million) 
Table 28. Americas Race Hosting Fees In Motorsports Market, By Country, 2013 – 2019 ($Million) 
Table 29. U.S. Nascar And Indycar Race Hosting Fee E Stimation,  2013-2019 ($Million) 
Table 30. Europe Race Hosting Fees In Motorsports Market, By Country, 2013 – 2019 ($Million) 

Table 31. Apac Race Hosting Fees In Market, By Country, 2013 – 2019 ($Million)
Table 32. Global Market, By Revenue Channels, 2013 - 2019 ($Billion)
Table 33. Global Market Revenue, By Region, 2013 – 2019 ($Million)
Table 34. Americas Market Revenue, By Country, 2013 – 2019 ($Million)
Table 35. U.S. Nascar Racing Market Revenue, 2013 – 2019 ($Million)
Table 36. U.S. Indycar Racing Market Estimation, 2013-2019($Million)

Table 37. Apac Motorsports Market Revenue, By Country, 2013 – 2019 ($Million) 
Table 38. Europe Motorsports Market Revenue, By Country, 2013 – 2019 ($Million) 
Table 39. Bridgestone Revenue, By Business Segment (Tires), 2009-2013($Billion) 
Table 40. Cosan Lubricants, Net Sales, 2010-2012($Million) 
Table 41. Computacenter, Total Revenue, 2011-2013($Million) 
Table 42. Total Revenue Of Goodyear In North America, 2011-2013 ($Million) 
Table 43. Total Revenue Of Goodyear In Europe, Middle East And Africa, 2011-2013 ($Million) 
Table 44. Total Revenue Of Goodyear In Latin America, 2011-2013($Million) 
Table 45. Total Revenue Of Goodyear In Asia Pacific, 2011-2013(In$Million) 
Table 46. Overall Sales: Mclaren Automotive Ltd. 2012-2013 ($Million) 
Table 47. Mercedes-Benz Gmbh Net Revenue, 2011-13 ($Million) 
Table 48. Mrf Limited Total Revenue 2011-2013 ($Million) 
Table 49. Pirelli Total Revenue And R&D Expenditure, 2011-2013($Million) 
Table 50. Williams Revenues (2012-2013) ($Million) 
Table 51. Yokohama Total Revenue 2011-2013 ($Billion) 
Table 52. Yokohama Company R&D, 2010 – 2013 ($Billion) 
 
 
List of Figures:
 
Figure 1. U.S. : Nascar Racing Market Revenue, By Segment,  2014 & 2019 ($Million) 
Figure 2. U.S. Indycar Racing Market Revenue, 2014 & 2019 ($Million) 
Figure 3. U.S. Nascar And Indycar Racing Market Revenue, 2013-2019 ($Million) 
Figure 4. Formaula One Team Expenses Distribution, 2013 (%) 
Figure 5. Global Motorsports Broadcasting Market-By Region (%), 2013 
Figure 6. Americas Motorsports Broadcasting Market-By Country (%), 2013 
Figure 7. Europe Motorsports Broadcasting Market-By Country (%), 2013 
Figure 8. Apac Motorsports Broadcasting Market-By Country (%), 2013 
Figure 9. Global Motorsports Market-By Revenue Channels (In %), 2013 

Figure 10. Global Market-By Regions (In %), 2013
Figure 11. Americas Market-By Country (In %), 2014
Figure 12. Europe Market Revenue, By Country, 2013 (%)
Figure 13. Global Market – Product Launches (2011-2014)
Figure 14. Global Market – Product Launches – By Key Players (2013-14)

Figure 15. Global Motorsports Market – M&A's, Collaborations, Jv's & Partnerships, By No. Of Developments (2011-14) 
Figure 16. Global Motorsports Market – By M&A's, Collaborations, Jv's & Partnerships 
Figure 17. Computacenter, Total Revenue, By Geography, 2013(%) 
Figure 18. The Region Wise Net Sales Market Share By In Values ($ 2.7 Bn) Breakdown 
Figure 19. Sales By Value In Tons Breakdown 
Figure 20. Company’s Sales By Region For The Year 2013. 
Figure 21. Yokohama Business Unit Revenue Share, 2013 (%) 

The Motorsports Market is projected to grow at 7.2% CAGR during the forecast period 2024-2030.

The Motorsports Market size is estimated to be $14.8 billion in 2023 and is projected to reach $24.0 billion by 2030

The leading players in the Motorsports Market are Mercedes, Ferrari, Red Bull, Mclaren Racing, Alpine and Others