Spectator Sports in Canada
The Spectator Sports industry entertains millions of consumers on an annual basis, and the diversity of the industry's offerings typically helps stabilize its performance. There are few organizations that can generate significant revenue, such as the Canadian Football League and the National Hockey League (NHL), and the majority of industry operators are small operations that provide sport entertainment on local or regional levels. Over the five years to 2018, industry revenue experienced slight volatility, due to a sizeable revenue decline in 2013. This downturn was a result of the NHL lockout, which shortened the regular 2012-2013 season. Fewer games equated to lower ticket sales, which hurt industry revenue. Online media platforms have bolstered the industry's profitability over the past five years and will continue to do so moving forward. The number of fixed broadband connections is projected to increase over the five years to 2023, and operators will likely continue to push for additional revenue streams via advertising and online content. As a result, industry revenue will increase over the five years to 2023.
This industry comprises sports teams or clubs that participate in live professional or semiprofessional sporting events (e.g. baseball, basketball, football, hockey, soccer and other team sports) before a paying audience. The sports franchises included in this industry may or may not operate their own facilities for presenting games or other spectator sports events.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook