Authorization

Global Motorsport Market to Reach $7.8 Billion by 2027 in Spite of COVID-19 Disruptions

Dublin, Sept. 07, 2020 (GLOBE NEWSWIRE) -- The "Motorsport - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

The 179-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.Global Motorsport Market to Reach $7.8 Billion by 2027

Amid the COVID-19 crisis, the global market for Motorsport estimated at US$4.8 Billion in the year 2020, is projected to reach a revised size of US$7.8 Billion by 2027, growing at a CAGR of 7.2% over the period 2020-2027.

Auto Racing, one of the segments analyzed in the report, is projected to record 9% CAGR and reach US$2.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Enclosed Wheel Racing segment is readjusted to a revised 6.5% CAGR for the next 7-year period.

The U. S. Market is Estimated at $1.3 Billion, While China is Forecast to Grow at 11.1% CAGR

The Motorsport market in the U. S. is estimated at US$1.3 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$1.7 Billion by the year 2027 trailing a CAGR of 11.1% over the analysis period 2020 to 2027.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.8% and 6.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.6% CAGR.

Competitors identified in this market include, among others:

Aston Martin Red Bull Racing



Citroen Australia



Ferrari S.p.A.



Hendrick Motorsports, LLC



Joe Gibbs Racing



McLaren Group



Mercedes-Benz



Roush Fenway Racing



Team Penske



Toyota Motor Corporation

Key Topics Covered

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Global Competitor Market Shares



Motorsport Competitor Market Share Scenario Worldwide (in %): 2019 & 2025



Impact of COVID-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION
See also:
Leave a comment
News
  • Latest
  • Read
  • Commented
Calendar Content
«    Ноябрь 2020    »
ПнВтСрЧтПтСбВс
 1
2345678
9101112131415
16171819202122
23242526272829
30