Global Motorsport Market 2024-2028
Motorsport Market 2024-2028
The motorsport market is forecasted to grow by USD 10.54 bn during 2023-2028, accelerating at a CAGR of 4.36% during the forecast period. The report on the motorsport market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by significant investments by sponsors, growing popularity of racing events in developing economies, and social media driving enthusiasm.
Technavio's motorsport market is segmented as below:
By Type
By Application
- Venue racing
- Non-venue racing
By Geographical Landscape
- Europe
- North America
- APAC
- South America
- Middle East and Africa
This study identifies the evolution of formula e as one of the prime reasons driving the motorsport market growth during the next few years. Also, growing popularity of truck racing and use of big data analytics will lead to sizable demand in the market.
The report on the motorsport market covers the following areas:
- Motorsport market sizing
- Motorsport market forecast
- Motorsport market industry analysis
The vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading motorsport market vendors that include ABT Sportsline GmbH, A J Foyt Jr Enterprises Inc., AF Corse Srl, Andretti Autosport Holding Co. Inc., Avitas Motorsport Design, Bryan Herta Autosport, Dale Coyne Racing, EXOR N.V., Hendrick Motorsports LLC, Honda Motor Co. Ltd., JA Motor Sport, Liberty Media Corp., McLaren Group Ltd., Mercedes Benz Group AG, Red Bull GmbH, Renault SAS, Speedway Motorsports LLC, Stellantis NV, Toyota Motor Corp., and Yamaha Corp.. Also, the motorsport market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.