Global Sports Market Size, Share and Industry Analysis by Regions, Countries, Types, and Applications, Forecast to 2028
SKU ID :Maia-24197730 | Published Date: 05-Jul-2023 | No. of pages: 111Description
The global Sports market size was valued at USD 370000.0 Million in 2022 and will reach USD 677673.0 Million in 2028, with a CAGR of 10.61% during 2022-2028.
The sports industry is incredibly diverse, encompassing any activity that derives income from sports, including anything from TV distribution, fitness, ticketing, betting and advertising to sponsorship or merchandise. The main types of sports are spectator sports and participatory sports. Spectator sports include the presentation of sporting events by teams and clubs or independent athletes. The various sources of revenue are clubs and sports teams, event revenue, media rights, sponsorship and merchandising. The participatory sports market consists of sales of participatory sports services and related goods by entities (organizations, sole traders and partnerships) that operate fitness and recreation centres, community sports, sporting facilities such as local golf clubs, marinas, gyms, personal training. Participatory sport revenues come from participants and player attendants. This market includes sales from entry fees, merchandise and other related goods and services.
Affect the sports value chain
As the effects of COVID-19 continue to ripple through the health, educational, financial, and commercial sectors of the world, the sports ecosystem is no different. The nonstop sports activities worldwide came to a halt owing to the outbreak and the spread of the virus. Euro2020 postponed the completion of domestic leagues. Most national/international sports leagues and competitions were postponed, with the French and Dutch leagues canceled. Every stage of the sports value chain has been affected, right from athletes, teams, and leagues to the media that broadcast and cover games and brands and sponsors that use these events for advertising. Damages to teams, leagues, and players, but also to an entire production chain that is impacted by the high degree of induction to different economic sectors. There are impacts on a huge production chain, which includes transportation, food, drink, entertainment, product purchase, and government taxes.
Affect the sales of the sports event tickets sales
The COVID-19 pandemic affected the sports events tickets market, as most sports events were canceled and postponed across the globe. For instance, the National Basketball Association (NBA) and National Hockey League (NHL) both suspended their seasons indefinitely. Major League Soccer (MLS) and Major League Baseball (MLB) delayed or suspended their seasons for (initially) 2-4 weeks and events of the Professional Golfers' Association (PGA) Tour were canceled. Several sports leagues altered their schedules in response to the pandemic. Therefore, these cancellations of the sports events during the pandemic further impacted the sales of the sports event tickets sales across the globe.
Popularity of sports events
The sports industry is the largest entertainment industry across the globe, with the most popular sports and teams showcasing a positive impact on the economy. Football, basketball, baseball, hockey, and soccer are the most popular sports across the globe. The significant growth in the popularity of sports events, such as the Olympics, the football world cup, NBA, and others across the globe, is one of the major factors that propel the market growth during the forecast period. The growing popularity of athletes coupled with the rising premier league competitions further contribute to the growth of the sports industry across the globe.
Threat From Home Entertainment
The increasing adoption of home entertainment technologies such as home game consoles and virtual reality headsets is posing a challenge to the sports market. Technologies such as these are enabling customers to experience a similar set up while watching sports events at home, which is offered by sports organizers in the field, decreasing the demand for participatory and spectator sports. On demand video and movie streaming services such as Netflix, Amazon Prime, and Disney+ are negatively affecting the demand for sports globally.
Implementing virtual reality (VR) technology
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.
Region Overview:
In global comparison, a significant portion of the revenue was generated in United States (37.42% in 2022).
Company Overview:
Life Time Fitness, Inc. is one of the major players operating in the Sports market, holding a share of 0.38% in 2023.
Life Time Fitness, Inc.
For over 50 years, Life Fitness has been dedicated to creating innovative fitness solutions that benefit both facilities and exercisers. Life Fitness, Inc. manufactures and distributes fitness equipment. Life Fitness strives to see partners realize their potential through positive outcomes. Life Fitness’s comprehensive product portfolio allows for fitness facilities and exercisers to create the experiences ideal for them.
Dallas Cowboys
The Dallas Cowboys is a team of the National Football League in the Dallas-Fort Worth, Texas metropolitan area and are affiliated with the National League East. Its headquarters are in Frisco, and its home is AT&T Stadium in Arlington.
Segmentation Overview:
As for product types, the Football segment held the largest market share in 2022.
Application Overview:
The market's largest segment by application is the segment Male Adults, with a market share of 55.52% in 2022.
The Sports market report covers sufficient and comprehensive data on market introduction, segmentations, status and trends, opportunities and challenges, industry chain, competitive analysis, company profiles, and trade statistics, etc. It provides in-depth and all-scale analysis of each segment of types, applications, players, 5 major regions and sub-division of major countries, and sometimes end user, channel, technology, as well as other information individually tailored before order confirmation.
Meticulous research and analysis were conducted during the preparation process of the report. The qualitative and quantitative data were gained and verified through primary and secondary sources, which include but not limited to Magazines, Press Releases, Paid Databases, Maia Data Center, National Customs, Annual Reports, Public Databases, Expert interviews, etc. Besides, primary sources include extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs, and marketing executives, downstream distributors, as well as end-clients.
In this report, the historical period starts from 2018 to 2022, and the forecast period ranges from 2023 to 2028. The facts and data are demonstrated by tables, graphs, pie charts, and other pictorial representations, which enhances the effective visual representation and decision-making capabilities for business strategy.
Key Companies in the global Sports market covered in Chapter 4:
Futbol Club Barcelona
FC Bayern Munich
Real Madrid
Washington Commanders
NASCAR
New England Patriots
Maruhan
Life Time Fitness, Inc.
New York Yankees
Manchester United Football Club
Los Angeles Dodgers
Dallas Cowboys
In Chapter 12 and Chapter 14.1, on the basis of types, the Sports market from 2018 to 2028 is primarily split into:
Cricket
Football
Basketball
Tennis
Badminton
In Chapter 13 and Chapter 14.2, on the basis of the Downstream Industry, the Sports market from 2018 to 2028 covers:
Junior/Children
Male Adults
Female Adults
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, history and forecast (2018-2028) of the following regions are covered in Chapters 6, 7, 8, 9, 10, 11, 15:
North America (United States, Canada, Mexico)
Europe (Germany, United Kingdom, France, Italy, Spain)
Asia Pacific (China, Japan, South Korea, India, Southeast Asia)
South America (Brazil, Argentina)
Middle East & Africa (Saudi Arabia, UAE, South Africa)
Outline:
Chapter 1 begins with the Sports market scope and definition, product segment introduction, global overall market size, as well as market dynamics scenarios such as opportunities, challenges, and industry development trends under inflation. It offers a high-level view of the current state of the Sports market and its likely evolution in the short to mid-term and long term.
Chapter 2 provides Sports industry chain analysis, covering raw materials analysis, cost structure, price estimate, and forecast, along with price-impacting factors, downstream channels, and major customers. It aims to help readers to grab insights into product upstream, midstream, and downstream fields.
Chapter 3 depicts Sports industry competitive analysis regarding market concentration rate, saturation rate, feasibility analysis from new entrants, as well as substitute's status and trends. It indicates the developing space and prospects of the current industry.
Chapter 4 analyzes extensive company profiles, comprising company basic info, product or service profiles, and sales, price, value, gross, and gross margin 2018-2023. It incorporates the Sports market ranking, benchmarks, and company business portfolio.
Chapter 5 presents trade statistics of import and export volume from 2018-2023, demonstrating domestic and international market comparisons in specific countries.
Chapters 6-10 highlight Sports market status at the regional and country levels, including 5 major regions of North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. The region and country list in the sample is only for reference, and it can be adjusted as required.
Chapter 11 involves geographical market figures of sales, value, market share, and growth rate. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of each specific region.
Chapters 12-13 evaluate the Sports market based on different types and applications. It focuses on sales and value of 2018-2023 from both vertical and horizontal perspectives.
Chapters 14-15 elaborate on the Sports market forecast data from 2023-2028, segmented by types and applications, regions, and major countries, helping readers to know future aspects and growth trends.
Chapter 16 ends with an elaboration of data sources and research methodology. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
2022
The sports industry is incredibly diverse, encompassing any activity that derives income from sports, including anything from TV distribution, fitness, ticketing, betting and advertising to sponsorship or merchandise. The main types of sports are spectator sports and participatory sports. Spectator sports include the presentation of sporting events by teams and clubs or independent athletes. The various sources of revenue are clubs and sports teams, event revenue, media rights, sponsorship and merchandising. The participatory sports market consists of sales of participatory sports services and related goods by entities (organizations, sole traders and partnerships) that operate fitness and recreation centres, community sports, sporting facilities such as local golf clubs, marinas, gyms, personal training. Participatory sport revenues come from participants and player attendants. This market includes sales from entry fees, merchandise and other related goods and services.
Affect the sports value chain
As the effects of COVID-19 continue to ripple through the health, educational, financial, and commercial sectors of the world, the sports ecosystem is no different. The nonstop sports activities worldwide came to a halt owing to the outbreak and the spread of the virus. Euro2020 postponed the completion of domestic leagues. Most national/international sports leagues and competitions were postponed, with the French and Dutch leagues canceled. Every stage of the sports value chain has been affected, right from athletes, teams, and leagues to the media that broadcast and cover games and brands and sponsors that use these events for advertising. Damages to teams, leagues, and players, but also to an entire production chain that is impacted by the high degree of induction to different economic sectors. There are impacts on a huge production chain, which includes transportation, food, drink, entertainment, product purchase, and government taxes.
Affect the sales of the sports event tickets sales
The COVID-19 pandemic affected the sports events tickets market, as most sports events were canceled and postponed across the globe. For instance, the National Basketball Association (NBA) and National Hockey League (NHL) both suspended their seasons indefinitely. Major League Soccer (MLS) and Major League Baseball (MLB) delayed or suspended their seasons for (initially) 2-4 weeks and events of the Professional Golfers' Association (PGA) Tour were canceled. Several sports leagues altered their schedules in response to the pandemic. Therefore, these cancellations of the sports events during the pandemic further impacted the sales of the sports event tickets sales across the globe.
Popularity of sports events
The sports industry is the largest entertainment industry across the globe, with the most popular sports and teams showcasing a positive impact on the economy. Football, basketball, baseball, hockey, and soccer are the most popular sports across the globe. The significant growth in the popularity of sports events, such as the Olympics, the football world cup, NBA, and others across the globe, is one of the major factors that propel the market growth during the forecast period. The growing popularity of athletes coupled with the rising premier league competitions further contribute to the growth of the sports industry across the globe.
Threat From Home Entertainment
The increasing adoption of home entertainment technologies such as home game consoles and virtual reality headsets is posing a challenge to the sports market. Technologies such as these are enabling customers to experience a similar set up while watching sports events at home, which is offered by sports organizers in the field, decreasing the demand for participatory and spectator sports. On demand video and movie streaming services such as Netflix, Amazon Prime, and Disney+ are negatively affecting the demand for sports globally.
Implementing virtual reality (VR) technology
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.
Region Overview:
In global comparison, a significant portion of the revenue was generated in United States (37.42% in 2022).
Company Overview:
Life Time Fitness, Inc. is one of the major players operating in the Sports market, holding a share of 0.38% in 2023.
Life Time Fitness, Inc.
For over 50 years, Life Fitness has been dedicated to creating innovative fitness solutions that benefit both facilities and exercisers. Life Fitness, Inc. manufactures and distributes fitness equipment. Life Fitness strives to see partners realize their potential through positive outcomes. Life Fitness’s comprehensive product portfolio allows for fitness facilities and exercisers to create the experiences ideal for them.
Dallas Cowboys
The Dallas Cowboys is a team of the National Football League in the Dallas-Fort Worth, Texas metropolitan area and are affiliated with the National League East. Its headquarters are in Frisco, and its home is AT&T Stadium in Arlington.
Segmentation Overview:
As for product types, the Football segment held the largest market share in 2022.
Application Overview:
The market's largest segment by application is the segment Male Adults, with a market share of 55.52% in 2022.
The Sports market report covers sufficient and comprehensive data on market introduction, segmentations, status and trends, opportunities and challenges, industry chain, competitive analysis, company profiles, and trade statistics, etc. It provides in-depth and all-scale analysis of each segment of types, applications, players, 5 major regions and sub-division of major countries, and sometimes end user, channel, technology, as well as other information individually tailored before order confirmation.
Meticulous research and analysis were conducted during the preparation process of the report. The qualitative and quantitative data were gained and verified through primary and secondary sources, which include but not limited to Magazines, Press Releases, Paid Databases, Maia Data Center, National Customs, Annual Reports, Public Databases, Expert interviews, etc. Besides, primary sources include extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs, and marketing executives, downstream distributors, as well as end-clients.
In this report, the historical period starts from 2018 to 2022, and the forecast period ranges from 2023 to 2028. The facts and data are demonstrated by tables, graphs, pie charts, and other pictorial representations, which enhances the effective visual representation and decision-making capabilities for business strategy.
Key Companies in the global Sports market covered in Chapter 4:
Futbol Club Barcelona
FC Bayern Munich
Real Madrid
Washington Commanders
NASCAR
New England Patriots
Maruhan
Life Time Fitness, Inc.
New York Yankees
Manchester United Football Club
Los Angeles Dodgers
Dallas Cowboys
In Chapter 12 and Chapter 14.1, on the basis of types, the Sports market from 2018 to 2028 is primarily split into:
Cricket
Football
Basketball
Tennis
Badminton
In Chapter 13 and Chapter 14.2, on the basis of the Downstream Industry, the Sports market from 2018 to 2028 covers:
Junior/Children
Male Adults
Female Adults
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, history and forecast (2018-2028) of the following regions are covered in Chapters 6, 7, 8, 9, 10, 11, 15:
North America (United States, Canada, Mexico)
Europe (Germany, United Kingdom, France, Italy, Spain)
Asia Pacific (China, Japan, South Korea, India, Southeast Asia)
South America (Brazil, Argentina)
Middle East & Africa (Saudi Arabia, UAE, South Africa)
Outline:
Chapter 1 begins with the Sports market scope and definition, product segment introduction, global overall market size, as well as market dynamics scenarios such as opportunities, challenges, and industry development trends under inflation. It offers a high-level view of the current state of the Sports market and its likely evolution in the short to mid-term and long term.
Chapter 2 provides Sports industry chain analysis, covering raw materials analysis, cost structure, price estimate, and forecast, along with price-impacting factors, downstream channels, and major customers. It aims to help readers to grab insights into product upstream, midstream, and downstream fields.
Chapter 3 depicts Sports industry competitive analysis regarding market concentration rate, saturation rate, feasibility analysis from new entrants, as well as substitute's status and trends. It indicates the developing space and prospects of the current industry.
Chapter 4 analyzes extensive company profiles, comprising company basic info, product or service profiles, and sales, price, value, gross, and gross margin 2018-2023. It incorporates the Sports market ranking, benchmarks, and company business portfolio.
Chapter 5 presents trade statistics of import and export volume from 2018-2023, demonstrating domestic and international market comparisons in specific countries.
Chapters 6-10 highlight Sports market status at the regional and country levels, including 5 major regions of North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. The region and country list in the sample is only for reference, and it can be adjusted as required.
Chapter 11 involves geographical market figures of sales, value, market share, and growth rate. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of each specific region.
Chapters 12-13 evaluate the Sports market based on different types and applications. It focuses on sales and value of 2018-2023 from both vertical and horizontal perspectives.
Chapters 14-15 elaborate on the Sports market forecast data from 2023-2028, segmented by types and applications, regions, and major countries, helping readers to know future aspects and growth trends.
Chapter 16 ends with an elaboration of data sources and research methodology. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028TOC
Tables & Figures
Companies
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