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Global Motorsport Market 2017-2021

Global Motorsport Market 2017-2021

About Motorsport

Motorsports involve organizing competitive race events of motorized vehicles. These events generally involve custom cars, trucks, motorbikes, go-carts, boats, and snow mobiles. F1, NASCAR (National Association of Stock Car Auto Racing), IndyCar, and the World Rally Championship (WRC) are some of the popular motorsport events. F1 is the most popular among them, closely followed by IndyCar Series and NASCAR.

Technavio’s analysts forecast the global motorsport market to grow at a CAGR of 0.08% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global motorsport market for 2017-2021. To calculate the market size, the report considers the revenue generated by sponsors, TV, merchandise sales and ticketing sales.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Motorsport Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Ferrari
  • McLaren
  • Mercedes-Benz
  • Red Bull Racing
Other prominent vendors
  • Citroën
  • Hendrick Motorsports
  • Joe Gibbs Racing
  • Lancia Delta
  • Roush Fenway Racing
  • Team Penske
  • Toyota
Market driver
  • Significant investments by sponsors
  • For a full, detailed list, view our report
Market challenge
  • Intense competition from other forms of sports
  • For a full, detailed list, view our report
Market trend
  • Evolution of Formula E
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Motorsport Market 2017-2021

Technavio recognizes the following companies as the key players in the global motorsport market: Ferrari, McLaren, Mercedes-Benz, and Red Bull Racing.

Other Prominent Vendors in the market are: Citroën, Hendrick Motorsports, Joe Gibbs Racing, Lancia Delta, Roush Fenway Racing, Team Penske, and Toyota.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is evolution of Formula E. Growing concerns regarding environment and sustainability gave birth to Formula E racing. This race uses battery-powered cars. Formula E is gender neutral, i.e., it allows both men and women to compete in the same race. The racing has managed to attract fans but it is still in its growth phase.”

According to the report, one driver in the market is significant investments by sponsors. Motorsports has attracted many sponsors that invest significantly in teams. The investment is used for operations of the team and for paying the fees of the rights associated with naming the events organized by the track operators. Sponsors take care of the media and advertising for the event. They also take care of the allocation of proprietary logos and trademarks of the event to the track operators, which are used for promoting the event.

Further, the report states that one challenge in the market is intense competition from other forms of sports. Due to monotony and predictability of motorsports, viewers have shifted to other forms of sports, such as AFL, rugby league, various forms of cricket, tennis, soccer, and women AFL. The majority of the population with mid to average pay turn to these sports for their entertainment. These games also attract audience due to the rough and unpredictable game format. The Malaysian government's decision to stop F1 in Malaysia (Sepang circuit) was a big hit to the sport. This decision was taken due to overdominance by Mercedes-Benz.

Companies Mentioned

Ferrari, McLaren, Mercedes-Benz, Red Bull Racing, Citroën, Hendrick Motorsports, Joe Gibbs Racing, Lancia Delta, Roush Fenway Racing, Team Penske, and Toyota.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
  • Market landscape
    • Market overview
      • Table Average cost of F1 race components
      • Table Revenue share of F1 by medium 2016
      • Table Market overview
    • Market size and forecast
      • Table Global motorsport market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by racing events
    • Segmentation of global motorsport market by racing events
      • Table Global motorsport market by race 2016 (% revenue)
      • Table Global motorsport market by race 2021 (% revenue)
    • Global F1 market
      • Table Global F1 market 2016-2021 ($ billions)
      • Table List of active F1 race tracks with their locations and races organized
      • Table Participant list 2016
      • Table Distribution of prize money fund
    • Global NASCAR market
      • Table Global NASCAR market 2016-2021 ($ billions)
    • Global market for other motorsports
      • Table Global market for other motorsports 2016-2021 ($ billions)
  • Geographic segmentation
    • Segmentation of global motorsport market by geography
      • Table Global motorsport market by geography 2016 (% revenue)
      • Table Global motorsport market share by geography 2021 (% revenue)
      • Table Global motorsport market share by geography 2016-2021 (% shares)
    • Motorsport market in EMEA
      • Table Motorsport market in EMEA 2016-2021 ($ billions)
      • Table Famous race tracks in Europe
    • Motorsport market in Americas
      • Table Motorsport market in Americas 2016-2021 ($ billions)
      • Table Famous race tracks in Americas
    • Motorsport market in APAC
      • Table Motorsport market in APAC 2016-2021 ($ billions)
      • Table Race tracks in APAC
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Global sponsorship spending 2013-2017
      • Table Changes in 2017 F1 season
    • Market challenges
  • Market trends
    • Evolution of Formula E
    • Growing popularity of truck racing
    • Use of big data analytics
    • Increasing use of environment-friendly cleaners
  • Vendor landscape
    • Vendor overview
    • Other prominent vendors
  • Key vendor analysis
    • Ferrari
      • Table Ferrari: Key sponsors
      • Table Ferrari: Official suppliers
      • Table Ferrari: Recent developments
    • McLaren
      • Table McLaren: Key sponsors
      • Table McLaren: Recent developments
    • Mercedes-Benz
      • Table Mercedes-Benz: Key sponsors
      • Table Mercedes-Benz: Official suppliers
      • Table Mercedes-Benz: Recent developments
    • Red Bull Racing
      • Table Red Bull Racing: Key sponsors
      • Table Red Bull Racing: Recent developments
  • Appendix
    • List of abbreviations
  • Explore Technavio

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