DUBLIN--(BUSINESS WIRE)--The "Sports Events Market By Revenue Source, By Age Group: Global Opportunity Analysis and Industry Forecast, 2021-2031" report has been added to ResearchAndMarkets.com's offering.
The global sports events market size was valued at $184,612.2 million in 2021 and is estimated to reach $609,066.8 million by 2031, registering a CAGR of 10.5% from 2022 to 2031.
One of the key drivers of the market's growth is the considerable increase in sporting events such as the Olympics, the Football World Cup, and the NBA. It is anticipated that rise in premier leagues in various sports and the expanding popularity of sportsmen will further contribute to the growth.
The industry is expected to have plenty of development prospects due to factors including the expanding acceptance of digital tickets and the increased use of smartphones worldwide. The lack of pricing management and the ambiguity around ticket prices, however, could limit market expansion.
Most sporting events are being postponed or cancelled as a result of the COVID-19 pandemic, which has a detrimental influence on the market. For instance, both the National Hockey League (NHL) and the National Basketball Association (NBA) postponed their seasons. The seasons of Major League Baseball (MLB), Major League Soccer (MLS), and the Professional Golfers' Association (PGA) Tour were all suspended. Due to the epidemic, some sports leagues changed their schedules. Such sports event cancellations have an effect on industry sales and income production.
Key Benefits
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the sports events market analysis from 2021 to 2031 to identify the prevailing sports events market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the sports events market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global sports events market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Revenue Source
- Ticket Sale
- Sponsorship
- Others
By Age Group
- Below 20 years
- 21 to 40 years
- 41 years and above
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Russia
- Netherlands
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Argentina
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- Ace Ticket Worldwide, Inc.
- GooTickets.Com
- Razorgator LLC
- SeatGeek
- StubHub
- Ticket City, Inc.
- Tickets.com, LLC
- Ticketek Pty Ltd
- Ticketmaster
- TickPick LLC
For more information about this report visit https://www.researchandmarkets.com/r/f8emi4
