Motorsports

Global Motorsports Market to Reach US$10.1 Billion by 2030

The global market for Motorsports estimated at US$6.7 Billion in the year 2024, is expected to reach US$10.1 Billion by 2030, growing at a CAGR of 6.9% over the analysis period 2024-2030. Broadcasting, one of the segments analyzed in the report, is expected to record a 7.5% CAGR and reach US$4.0 Billion by the end of the analysis period. Growth in the Ticketing segment is estimated at 6.0% CAGR over the analysis period.

The U.S. Market is Estimated at US$2.0 Billion While China is Forecast to Grow at 10.2% CAGR

The Motorsports market in the U.S. is estimated at US$2.0 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$624.0 Million by the year 2030 trailing a CAGR of 10.2% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 5.4% and 6.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 6.2% CAGR.

Global Motorsports Market - Key Trends & Drivers Summarized

Motorsports, encompassing a wide range of competitive automotive racing events, is a thrilling and highly popular global phenomenon. The most prominent motorsports include Formula 1, NASCAR, MotoGP, and rally racing, each with its distinct set of rules, vehicles, and fan base. Formula 1, known for its high-speed, precision engineering, and global circuit, is the pinnacle of single-seater racing, attracting millions of viewers worldwide. NASCAR, primarily popular in the United States, features stock car racing on oval tracks, emphasizing endurance and strategic pit stops. MotoGP is the premier class of motorcycle road racing events held on road circuits, showcasing the skills of the world`s best motorcyclists. Rally racing, characterized by its challenging terrain and diverse environments, tests the versatility and endurance of both drivers and vehicles across different stages.

Technological advancements play a crucial role in the evolution and excitement of motorsports. Innovations in vehicle design, aerodynamics, and materials have led to faster, safer, and more efficient racing machines. The integration of advanced telemetry systems allows teams to collect and analyze real-time data on vehicle performance, helping to fine-tune setups and strategies during races. Electric and hybrid technologies are also making their mark, with series like Formula E promoting sustainable racing by using fully electric vehicles. These advancements not only enhance the competitiveness of the sport but also drive the development of technologies that often find applications in consumer vehicles. Safety innovations, such as the HANS device and improved crash barriers, have significantly reduced the risk of severe injuries, making the sport safer for drivers and spectators alike.

The growth in the motorsports market is driven by several factors, reflecting the sport`s evolving dynamics and increasing global appeal. One significant driver is the rising popularity of motorsports in emerging markets, where increasing disposable incomes and growing interest in automotive culture are expanding the fan base. The proliferation of digital and social media platforms has transformed how fans engage with the sport, providing real-time updates, interactive content, and broader access to live events, thereby boosting viewership and sponsorship opportunities. Technological advancements in vehicle design and race management also contribute to market growth, enhancing the competitiveness and appeal of motorsports. The push towards sustainability and environmental responsibility is driving the adoption of electric and hybrid technologies, attracting a new demographic of environmentally conscious fans and stakeholders. Furthermore, the expansion of motorsport events and the introduction of new racing series cater to diverse audiences, ensuring the sport`s continued growth and evolution in the global market.

SCOPE OF STUDY:

The report analyzes the Motorsports market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Revenue Channel (Broadcasting, Ticketing, Sponsorship, Merchandising, Other Revenue Channels)

Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.

Select Competitors (Total 107 Featured) -

• ABT Sportsline GmbH
• AF Corse Srl
• Andretti Autosport Holding Company, LLC
• BMW M GmbH
• Hendrick Motorsports LLC
• Liberty Media Corp.
• Mercedes-AMG GmbH
• Red Bull GmbH
• Speedway Motorsports LLC
• Toyota Motor Corp.

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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