DUBLIN--(BUSINESS WIRE)--The "Spectator Sports Global Market Report 2022, By Type, Revenue Source, Type of Sport" report has been added to ResearchAndMarkets.com's offering.
The global spectator sports market is expected to grow from $127.04 billion in 2021 to $181.47 billion in 2022 at a compound annual growth rate (CAGR) of 42.8%. The market is expected to reach $272.0 billion in 2026 at a CAGR of 10.6%.
Major companies in the spectator sports market include Liberty Media Corporation, Futbol Club Barcelona, Dallas Cowboys, Manchester City F.C., New York Yankees, Manchester United Football Club, Juventus, International Speedway Corporation, Los Angeles Dodgers, LLC and Real Madrid C.F.
The spectator sports market consists of sales of spectator sports services and related goods by entities (organizations, sole traders and partnerships) that provide live sporting events for a paying audience. Spectator sports include the presentation of sporting events by teams and clubs or independent athletes.
Owners of teams, horses, and so on that enter 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 main types of spectator sports are sports team and clubs, racing and individual sports. The various sources of revenue include media rights, merchandising, tickets, sponsorship that are earned from different kinds of sports such as soccer, cricket, rugby/football, tennis, others. Soccer is a team sport played on a field between two teams of 11 players each, with the goal of kicking or hitting a round ball into the opponent's goal with any part of the body except the hands and arms.
The market is expected to benefit from steady economic growth forecasted for many developed and developing countries. The International Monetary Fund (IMF) stated that the global real GDP growth was 3.7% over 2019 and 2020, and 3.6% from 2021 to 2023. Recovering commodity prices are further expected to be a significant factor driving economic growth.
The US economy is expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period. For instance, India's GDP grew at 7.3%, whereas China registered GDP growth of 6.2% in 2019. This continued economic growth is expected to drive the demand for spectator sports.
The outbreak of Coronavirus disease (COVID-19) has acted as a massive restraint on the spectator sports market in 2020 as governments globally imposed lockdowns and restricted domestic and international travel limiting the need for services offered by these establishments.
Steps by national governments to contain the transmission have resulted in closure of recreational facilities with countries entering a state of 'lock down' and the outbreak had a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the spectator sports market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy.
Sports organizers are implementing virtual reality (VR) technology to improve the spectators' experience in sporting events. Virtual reality generates images, sounds and other sensations that simulate a physical presence in an imaginary environment.
Clubs and teams are experimenting with simulated and 360-degree environments to enhance the match viewing experience of the spectators by allowing them to have a virtual walkthrough of the stadium or the race track and view the match at different angles. For instance, the NBA game between the Sacramento Kings and San Antonio Spurs was broadcasted in VR. NASCAR has created an interactive fan area at the race tracks with the implementation of virtual reality.
North America was the largest region in the spectator sports market in 2021. Africa is expected to be the fastest-growing region in the forecast period. The regions covered in the spectator sports market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Topics Covered:
1. Executive Summary
2. Report Structure
3. Spectator Sports Market Characteristics
3.1. Market Definition
3.2. Key Segmentations
4. Spectator Sports Market Product Analysis
4.1. Leading Products/ Services
4.2. Key Features and Differentiators
4.3. Development Products
5. Spectator Sports Market Supply Chain
5.1. Supply Chain
5.2. Distribution
5.3. End Customers
6. Spectator Sports Market Customer Information
6.1. Customer Preferences
6.2. End Use Market Size and Growth
7. Spectator Sports Market Trends And Strategies
8. Impact Of COVID-19 On Spectator Sports
9. Spectator Sports Market Size And Growth
9.1. Market Size
9.2. Historic Market Growth, Value ($ Billion)
9.2.1. Drivers Of The Market
9.2.2. Restraints On The Market
9.3. Forecast Market Growth, Value ($ Billion)
9.3.1. Drivers Of The Market
9.3.2. Restraints On The Market
10. Spectator Sports Market Regional Analysis
10.1. Global Spectator Sports Market, 2021, By Region, Value ($ Billion)
10.2. Global Spectator Sports Market, 2016-2021, 2021-2026F, 2031F, Historic And Forecast, By Region
10.3. Global Spectator Sports Market, Growth And Market Share Comparison, By Region
11. Spectator Sports Market Segmentation
11.1. Global Spectator Sports Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Sports Team & Clubs
- Racing & Individual Sports
11.2. Global Spectator Sports Market, Segmentation By Revenue Source, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Media Rights
- Merchandising
- Tickets
- Sponsorship
11.3. Global Spectator Sports Market, Segmentation By Type of Sport, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Soccer
- Cricket
- Rugby/Football
12. Spectator Sports Market Segments
12.1. Global Sports Team & Clubs Market, Segmentation By Type, 2016-2021, 2021-2026F, 2031F, Value ($ Billion) - Football Clubs; Rugby Clubs; Other Sports Team & Clubs; Basketball Clubs
12.2. Global Racing & Individual Sports Market, Segmentation By Type, 2016-2021, 2021-2026F, 2031F, Value ($ Billion) - Motor Race; Horse Race; Other Racing & Individual Sports
13. Spectator Sports Market Metrics
13.1. Spectator Sports Market Size, Percentage Of GDP, 2016-2026, Global
13.2. Per Capita Average Spectator Sports Market Expenditure, 2016-2026, Global
Companies Mentioned
- Liberty Media Corporation
- Futbol Club Barcelona
- Dallas Cowboys
- Manchester City F.C.
- New York Yankees
- Manchester United Football Club
- Juventus
- International Speedway Corporation
- Los Angeles Dodgers, LLC
- Real Madrid C.F.
For more information about this report visit https://www.researchandmarkets.com/r/gr5z1w
