Global Spectator Sports Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends
4 Feb, 2021
The spectator sports market consists of sales of spectator sports services and related goods by entities (organizations, sole traders and partnerships) that includes sub sections of sports teams and clubs, racetracks and other spectator sports. This market includes sales from entry fees, merchandise and other related goods and services.
Global Spectator Sports Market Size And Drivers:
The global spectator sports market is expected to decline from $144.2 billion in 2019 to $139.5 billion in 2020 at a compound annual growth rate (CAGR) of -3.3%. 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 $171.7 billion in 2023.
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Trends In The Global Spectator Sports Market
Sports event organizers are implementing mobile ticketing to provide hassle free ticket purchase experience. Customers can buy and validate the tickets for any sporting event through their smart phones and will get updates regarding the event. Mobile ticketing reduced the costs associated with paper based ticketing channels. It provides the organizers with customer and fan database exchanged digitally through ticket transactions to formulate marketing strategies.
Global Spectator Sports Market Segments:
The global spectator sports market is further segmented based on type, revenue source, type of sport and geography.
By Type: Sports Team & Clubs, Racing & Individual Sports.
By Revenue Source: Media Rights, Merchandising, Tickets, Sponsorship.
By Type of Sport: Soccer, Cricket, Rugby/Football, Tennis, Others.
Subsegments Covered: Football Clubs, Rugby Clubs, Others - Sports Team & Clubs, Basketball Clubs, Motor Race, Horse Race, Others - Racing & Individual Sports.
By Geography: The global spectator sports market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global spectator sports market, accounting for 35% of the total market.
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Spectator Sports Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides spectator sports market overviews, analyzes and forecasts market size and growth for the global spectator sports market, spectator sports market share, spectator sports market players, spectator sports market segments and geographies, spectator sports market’s leading competitors’ revenues, profiles and market shares. The spectator sports market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.