Global Sports Market Research Report published by market insight reports explores the current outlook in global and key regions from the perspective of Major Players, Countries, Product types and end industries. This report analyzes top players in the global market, and divides the Market into several parameters.
This Sports Market research report identifies the competitive landscape of industries to understand the competition at International level. This report study describes the projected growth of the global market for approaching years from 2019 to 2030. This research report has been aggregated on the basis of static and dynamic aspects of the businesses.
The global sports market is expected to decline from $458.9 billion in 2019 to $446.5 billion in 2020 at a compound annual growth rate (CAGR) of -2.7%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 8% from 2021 and reach $556.1 billion in 2023.
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Market Overview: –
North America was the largest region in the global sports market, accounting for 35% of the market in 2019. Asia Pacific was the second largest region accounting for 30% of the global sports market. Africa was the smallest region in the global sports market.
Sports organizers or team franchises are using analytics to boost their revenues. Analytics involves generating insights from historical data to predict potential trends and analyze the effects of certain decisions or events. For instance, sports franchises are using analytics to determine the pricing of tickets through variable pricing and dynamic pricing. In variable pricing approach, team franchises use analytics and charge different prices for the same seat depending on the game. In dynamic pricing approach, team franchisers consider factors such as, team performance, day of the week, stage of the tournament (group match, semi-final or final) and determine the price of the ticket. For instance, San Francisco Giants, Major League Baseball team implemented variable ticket pricing methodology for pricing their tickets. The St. Louis Rams, NFL team are using dynamic pricing methodology to price 10% of their overall tickets.
Market Scope: –
Markets Covered:
1) By Type: Spectator Sports; Participatory Sports
2) By Revenue Source: Media Rights; Merchandising; Tickets; Sponsorship
Subsegments Covered: Sports Team & Clubs; Racing & Individual Sports; Golf Courses And Country Clubs; Skiing Facilities; Marinas; Fitness And Recreational Sports Centers; Bowling Centers; Others – Participatory Sports
Companies Mentioned: Dallas Cowboys; Manchester United; Futbol Club Barcelona S.L; Real Madrid; FC Bayern Munich AG
Metrics Covered: Number of Enterprises; Number of Employees
Countries: Argentina; Australia; Austria; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; Japan; Malaysia; Mexico; Netherlands; New Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UAE; UK; USA; Venezuela; Vietnam
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita, Sports indicators comparison.
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Browse in-depth and report summary TOC on “Sports Market” : –
Significant Features that are under Offering and Key Highlights of the Reports:
– Detailed overview of Sports Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc.
– Historical, current and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Sports Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth
Finally, the Sports market report offers a complete and detailed study of global Sports market by using numerous analytical tools and models such as SWOT analysis, investment return analysis, and porter’s five forces analysis which are useful for beginners to access the upcoming opportunities. After exploring the market insights through primary and secondary research methodologies, if anything is required except than this, market insight reports will provide customization as per specific demands.
Note: – All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
This Press Release has been written with the intention of providing accurate market information which will enable our readers to make informed strategic investment decisions. If you notice any problem with this content, please feel free to reach us on [email protected]
