Dublin, Jan. 04, 2023 (GLOBE NEWSWIRE) — The “Spectator Sports Global Market Opportunities and Strategies 2031” report has been added ResearchAndMarkets.com offer.
This report provides strategists; marketers and senior management with the critical information they need to assess the global spectator sports market after the COVID 19 shutdown.
Reasons for purchase
- Get a truly global perspective with the most comprehensive report available on this market, covering 48 geographies.
- Understand how the market has been affected by the coronavirus and how it will emerge and grow as the virus subsides.
- Create regional and country strategies based on local data and analysis.
- Identify growth segments for investment.
- Stay ahead of competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Performance compared to key competitors.
- Use relationships between key data sets for superior strategy.
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This report describes and explains the global spectator sports market and covers the historical period 2016-2021, called the historical period, and the forecast period 2021-2026, along with future forecasts for the period 2026-2031. The report assesses the market in each region and for the major economies in each region.
The global spectator sports market will reach an estimated value of $164,932.3 million in 2021, growing at a compound annual growth rate (CAGR) of 0.3% since 2016. The market is expected to grow from $164,932.3 million in 2021 to $354,000.2 million in 2026. the rate is 16.5%. The market is further expected to grow at a CAGR of 11.0% from 2026 to reach $597,531.1 million in 2031.
Historically, growth has resulted from the growth of emerging markets and rapid urbanization. Historically, climate change, a shortage of sports officials and doping scandals have affected sports.
Going forward, increased sponsorship, growth in internet-enabled devices, multiple sports channels to attract viewers and economic growth will drive growth. Factors that may hinder the growth of the spectator sports market in the future include the threat from home entertainment, increasing regulations on sports, and the spread of epidemic disease.
North America was the largest region in the spectator sports market, accounting for 40.9% of the global market in 2021. It was followed by Asia Pacific, Western Europe and then other regions. Going forward, the fastest-growing regions in the spectator sports market will be the Middle East and Eastern Europe, with growth at a CAGR of 19.1% and 17.5%, respectively, during the period 2021-2026. These will be followed by Africa and Western Europe, where the markets are expected to register a CAGR of 17.1% and 17.1% during 2021-2026, respectively.
The global spectator sports market is highly fragmented with a large number of small players in the market. The top ten competitors in the market accounted for 4.22% of the total market in 2020. The high fragmentation of the spectator sports market is mainly due to the presence of local clubs and teams in countries that offer spectator sports according to local culture and preferences. Major players in the market include Dallas Cowboys, Real Madrid, FC Barcelona, New York Yankees, Manchester United Football Club and others.
In the spectator sports market segmented by sport, the best opportunities will arise in the football segment, which will generate $57,244.5 million in global annual sales by 2026. In the spectator sports market segmented by type, the best opportunities will arise in the sports teams and clubs segment. By 2026, it will earn $155,979.9 million in global annual sales.
In the racing and personal sports market segmented by type, the best opportunities will arise in the personal sports segment, which will generate $23,709.4 million in global annual sales by 2026. In the spectator sports market segmented by revenue source, the best opportunities will arise in the media rights segment. By 2026, it will earn $67,796.1 million in global annual sales. In the soccer market segmented by revenue source, the best opportunities will arise in the media rights segment, which will generate $30,404.3 million in global annual sales by 2026.
Market trend-driven strategies for the spectator sports market include mobile ticketing, virtual reality to enhance the spectator experience, ticket price analytics, emerging markets investing in sports, the convergence of sports and entertainment, sponsorship partnerships, corporate social responsibility and sustainability. , increasing demand for smart arenas/stadiums.
Strategies adopted by players in the spectator sports industry include developing strategic partnerships and collaborations to improve operations, strengthening business and service offerings through acquisitions, investing in new infrastructure and improving its international presence.
To take advantage of the opportunities, the publisher advises spectator sports companies to focus on mobile ticketing capabilities, VR and AR implementation, sports and entertainment fusion, personalizing fan engagement, offering sports tourism, expanding into emerging markets, and analytics. dynamically pricing tickets, using social media to increase reach, partnering with big brands, focusing on gender inclusion, increasing offers to Paralympic athletes.
| Report Attribute | Details |
| Number of pages | 579 |
| Forecast Period | 2021 – 2031 |
| Estimated market value in 2021 (USD). | 164932.3 million dollars |
| Projected market value by 2031 (USD). | 597531.1 million dollars |
| Compound annual growth rate | 13.7% |
| Areas covered | Global |
Key topics covered:
1. Executive Summary of the Spectator Sports Market
2. Contents
3. List of numbers
4. List of tables
5. Structure of the report
6. Introduction
6.1.1. Segmentation by Geography
6.1.2. Segmentation by Sport Type
6.1.3. Segmentation by Type
6.1.4. Segmentation by source of income
7. Spectator Sports Market Characteristics
7.1. Market segmentation by type
7.1.1. Sports Teams and Clubs
7.1.2. Racing, Cycling and Individual Sports
7.2. Market segmentation by revenue source
7.2.1. Tickets
7.2.2. Media Rights
7.2.3. Sponsorship
7.2.4. Trade
7.3. Market segmentation by sport
7.3.1. Badminton
7.3.2. Baseball
7.3.3. Basketball
7.3.4. cricket
7.3.5. cycle
7.3.6. hockey
7.3.7. Ice hockey
7.3.8. Competition
7.3.9. Rugby/Soccer
7.3.10. Football
7.3.11. Table tennis
7.3.12. Tennis
7.3.13. Volleyball
7.3.14. Wrestling/Boxing
7.3.15. A sports channel that combines techniques from various sports
7.3.16. Others
8. Spectator Sports Market, Product/Service Analysis – Product/Service Examples
9. Spectator Sports Market, Supply Chain Analysis
9.1.1. Resources
9.1.2. Sports organizers
9.1.3. Sponsors
9.1.4. Media Enterprises
9.1.5. Distributors
9.1.6. End Users
10. Spectator Sports Market Customer Information
10.1. Sports fans who want to participate in outdoor sports events after the pandemic
10.2. Sports Fans Miss Watching Live Sports During COVID
10.3. Pay TV Viewers’ Favorite Leagues/Sports
10.4. Americans prefer watching sports in stadiums
10.5. Cricket Is A Popular And Popular Sport With One Billion Fans
10.6. The Growing Popularity of the Paralympic Games
10.7. Football and Racing are Britain’s two least trusted sports
10.8. American Football is America’s Favorite Spectator Sport
11. Spectator Sports Market Trends and Strategies
11.1. Mobile Ticket
11.2. Virtual Reality to Enhance Audience Experience
11.3. Analytics for Ticket Pricing
11.4. Emerging Markets Invest in Sports
11.5. Growing Demand for Smart Arenas/Stadiums
11.6. Combination of Sports and Entertainment
11.7. Sponsoring Partnerships
11.8. Corporate Social Responsibility and Sustainability
12. Impact of COVID-19 on the Spectator Sports Market
12.1. Effect on Federations and Leagues / Tournaments
12.2. Impact on Fans and Sponsors
12.3. Market Normality
13. Global Spectator Sports Market Size and Growth
13.1. Market size
13.2. Historical Market Growth, 2016 – 2021, Value (USD Million)
13.2.1. Market Drivers 2016 – 2021
13.2.2. Market restrictions 2016 – 2021
13.3. Forecast Market Growth, 2021 – 2026, 2031F Value (USD Million)
13.3.1. Market Drivers 2021 – 2026
13.3.2. Market Restrictions 2021 – 2026
14. Spectator Sports Market, Regional Analysis
14.1. Global Spectator Sports Market, By Region, History and Forecast, 2016 – 2021, 2025F, 2030F, Value (USD Million)
14.2. Global Spectator Sports Market, 2016 – 2026, History and Forecast, By Region
14.3. Global Spectator Sports Market, 2021 – 2026, Growth and Market Share Comparison, by Region
15. Global Spectator Sports Market Segmentation
15.1. Global Spectator Sports Market, Segmentation by Sport Type, History And Forecast, 2016 – 2021, 2026F, 2031F, Value (USD Million)
15.2. Global Spectator Sports Market, Segment by Type, History and Forecast, 2016 – 2021, 2026F, 2031F, Value (USD Million)
15.2.1. Global Racing, Cycling and Individual Sports Market, Segment by Type, History and Forecast, 2016 – 2021, 2026F, 2031F, Value (USD Million)
15.2.2. The Personal Sports market grew from $19,453.9 million in 2016 to $23,875.9 million in 2021 at a compound annual growth rate (CAGR) of 4.2%. The market is expected to grow to $47,585.3 million in 2026 at a compound annual growth rate (CAGR) of 14.8% and to reach $83,841.3 million in 2031 at a compound annual growth rate (CAGR) of 12.0%.
15.2.3. The Racing and Cycling market grew from $8,738.5 million in 2016 to $9,913.9 million in 2021, at a compound annual growth rate (CAGR) of 2.6%. The market is expected to grow to $19,292.6 million in 2026 at a compound annual growth rate (CAGR) of 14.2% and to reach $31,820.7 million in 2031 at a compound annual growth rate (CAGR) of 10.5%.
15.2.4. The global racing, cycling and individual sports market is expected to grow from $28,192.4 million in 2016 to $33,789.8 million in 2021 at a compound annual growth rate (CAGR) of 3.7%. The market is expected to grow to $66,877.9 million in 2026 at a compound annual growth rate (CAGR) of 14.6% and to reach $115,662 million in 2031 at a compound annual growth rate (CAGR) of 11.6%.
15.3. Global Spectator Sports Market, Segment by Revenue Source, History And Forecast, 2016 – 2021, 2026F, 2031F, Value (USD Million)
15.3.1. Global Soccer Market, Segmentation by Revenue Source, History And Forecast, 2016 – 2021, 2026F, 2031F, Value (USD Million)
16. Global Spectator Sports Market Comparison by Macro Economic Factors
16.1. Spectator Sports Market Size, Percent of GDP, Global
16.2. Average spectator sports market spending per capita, Global
For more information on this report, visit https://www.researchandmarkets.com/r/zhx78j
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Global Spectator Sports Market