Motorsport Market to record USD 8.93 Bn incremental growth; Driven by significant investments by sponsors – Technavio

NEW YORK, Nov. 10, 2022 /PRNewswire/ — The “Motorsport Market by Type (F1, NASCAR, and Others) and Geography (Europe, North America, APAC, South America, and Middle East and Africa) – Forecast and Analysis 2022-2026” report has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the motorsport market between 2021 and 2026 is USD 8.93 billion. To get the exact yearly growth variance and the Y-O-Y growth rate. Download Free PDF Sample Report

Key Market Dynamics:

• Market Driver: The market is driven by significant investments by sponsors. Motorsports has attracted many sponsors that invest significantly in teams. The investment is used for the 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. Some companies that actively sponsor F1 are Red Bull, Philip Morris, Pirelli, Fiat, Daimler, Honda, Diageo, Petronas, Grupo Santander, and Emirates. Thus, the growing investments in motorsports is expected to drive the market in focus during the forecast period.
• Market Challenges: The increase in the cost of insurance with the inclusion of advanced electronics and safety systems in racing vehicles is the major challenge in the market. The cost of race car insurance is steadily increasing because of the use of more technically advanced hardware in the vehicle. The parts are becoming highly complex and advanced. Therefore, their cost increases every year. The increasing prices of new components and the high risk involved in this sport indirectly pose difficulties for insurance companies. These factors will negatively impact the growth of the global motorsport market during the forecast period.

Key Revenue-Generating Segment

The motorsport market report is segmented by Type (F1, NASCAR, and Others) and Geography (Europe, North America, APAC, South America, and Middle East and Africa).

By type, the market growth will be significant in the F1 segment. F1’s legacy is unmatched by any other motorsport event. F1 has attracted many sponsors. It started in the 1920s and 1930s in the form of European Grand Prix championship. It matured to F1 after Federation Internationale de l’Automobile (FIA)’s standardization of rules. The taking over of F1 by Liberty Media is expected to attract more viewers by offering more engaging content. Social media platforms are expected to increase viewership levels significantly.

Europe will be the leading region, occupying 47% of the market’s growth during the forecast period. Europe has the world’s most popular racing tracks, which is driving the growth of the motorsport market in the region. Europe’s popular racetracks, such as Ascari (Spain), Knockhill (Scotland), Anglesey (Great Britain), Monza (Italy), Silverstone (England), and Zandvoort (The Netherlands), hold many events.

View Our Sample Report for highlights of the contribution of all the segments and

regions

Key Vendors Covered

• A J Foyt Jr Enterprises Inc.
• ABT Sportsline GmbH
• AF Corse Srl
• Andretti Autosport Holding Co. Inc.
• Bryan Herta Autosport
• Caterham Cars Ltd.
• Dale Coyne Racing
• Dover Motorsports Inc.
• EXOR N.V.
• Hendrick Motorsports LLC
• Honda Motor Co. Ltd.
• Joe Gibbs Racing
• McLaren Group Ltd.
• Mercedes Benz Group AG
• Red Bull GmbH
• RFK Racing
• Speedway Motorsports LLC
• Stellantis NV
• Team Penske
• Toyota Motor Corp
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Table of contents:

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 13: Chart on Global – Market size and forecast 2021-2026 ($ billion)
• Exhibit 14: Data Table on Global – Market size and forecast 2021-2026 ($ billion)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary 
• Exhibit 17: Five forces analysis – Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry 
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition 
• Exhibit 23: Chart on Market condition – Five forces 2021 and 2026

5 Market Segmentation by Type

• 5.1 Market segments 
• Exhibit 24: Chart on Type – Market share 2021-2026 (%)
• Exhibit 25: Data Table on Type – Market share 2021-2026 (%)

• 5.2 Comparison by Type 
• Exhibit 26: Chart on Comparison by Type
• Exhibit 27: Data Table on Comparison by Type

• 5.3 F1 – Market size and forecast 2021-2026
• Exhibit 28: Chart on F1 – Market size and forecast 2021-2026 ($ billion)
• Exhibit 29: Data Table on F1 – Market size and forecast 2021-2026 ($ billion)
• Exhibit 30: Chart on F1 – Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on F1 – Year-over-year growth 2021-2026 (%)

• 5.4 NASCAR – Market size and forecast 2021-2026
• Exhibit 32: Chart on NASCAR – Market size and forecast 2021-2026 ($ billion)
• Exhibit 33: Data Table on NASCAR – Market size and forecast 2021-2026 ($ billion)
• Exhibit 34: Chart on NASCAR – Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on NASCAR – Year-over-year growth 2021-2026 (%)

• 5.5 Others – Market size and forecast 2021-2026
• Exhibit 36: Chart on Others – Market size and forecast 2021-2026 ($ billion)
• Exhibit 37: Data Table on Others – Market size and forecast 2021-2026 ($ billion)
• Exhibit 38: Chart on Others – Year-over-year growth 2021-2026 (%)
• Exhibit 39: Data Table on Others – Year-over-year growth 2021-2026 (%)

• 5.6 Market opportunity by Type 
• Exhibit 40: Market opportunity by Type ($ billion)

6 Customer Landscape

• 6.1 Customer landscape overview 
• Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation 
• Exhibit 42: Chart on Market share by geography 2021-2026 (%)
• Exhibit 43: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison 
• Exhibit 44: Chart on Geographic comparison
• Exhibit 45: Data Table on Geographic comparison

• 7.3 Europe – Market size and forecast 2021-2026
• Exhibit 46: Chart on Europe – Market size and forecast 2021-2026 ($ billion)
• Exhibit 47: Data Table on Europe – Market size and forecast 2021-2026 ($ billion)
• Exhibit 48: Chart on Europe – Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on Europe – Year-over-year growth 2021-2026 (%)

• 7.4 North America – Market size and forecast 2021-2026
• Exhibit 50: Chart on North America – Market size and forecast 2021-2026 ($ billion)
• Exhibit 51: Data Table on North America – Market size and forecast 2021-2026 ($ billion)
• Exhibit 52: Chart on North America – Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on North America – Year-over-year growth 2021-2026 (%)

• 7.5 APAC – Market size and forecast 2021-2026 
• Exhibit 54: Chart on APAC – Market size and forecast 2021-2026 ($ billion)
• Exhibit 55: Data Table on APAC – Market size and forecast 2021-2026 ($ billion)
• Exhibit 56: Chart on APAC – Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on APAC – Year-over-year growth 2021-2026 (%)

• 7.6 South America – Market size and forecast 2021-2026
• Exhibit 58: Chart on South America – Market size and forecast 2021-2026 ($ billion)
• Exhibit 59: Data Table on South America – Market size and forecast 2021-2026 ($ billion)
• Exhibit 60: Chart on South America – Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on South America – Year-over-year growth 2021-2026 (%)

• 7.7 Middle East and Africa – Market size and forecast 2021-2026 
• Exhibit 62: Chart on Middle East and Africa – Market size and forecast 2021-2026 ($ billion)
• Exhibit 63: Data Table on Middle East and Africa – Market size and forecast 2021-2026 ($ billion)
• Exhibit 64: Chart on Middle East and Africa – Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on Middle East and Africa – Year-over-year growth 2021-2026 (%)

• 7.8 UK – Market size and forecast 2021-2026
• Exhibit 66: Chart on UK – Market size and forecast 2021-2026 ($ billion)
• Exhibit 67: Data Table on UK – Market size and forecast 2021-2026 ($ billion)
• Exhibit 68: Chart on UK – Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on UK – Year-over-year growth 2021-2026 (%)

• 7.9 US – Market size and forecast 2021-2026
• Exhibit 70: Chart on US – Market size and forecast 2021-2026 ($ billion)
• Exhibit 71: Data Table on US – Market size and forecast 2021-2026 ($ billion)
• Exhibit 72: Chart on US – Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on US – Year-over-year growth 2021-2026 (%)

• 7.10 Japan – Market size and forecast 2021-2026
• Exhibit 74: Chart on Japan – Market size and forecast 2021-2026 ($ billion)
• Exhibit 75: Data Table on Japan – Market size and forecast 2021-2026 ($ billion)
• Exhibit 76: Chart on Japan – Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on Japan – Year-over-year growth 2021-2026 (%)

• 7.11 Germany – Market size and forecast 2021-2026
• Exhibit 78: Chart on Germany – Market size and forecast 2021-2026 ($ billion)
• Exhibit 79: Data Table on Germany – Market size and forecast 2021-2026 ($ billion)
• Exhibit 80: Chart on Germany – Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on Germany – Year-over-year growth 2021-2026 (%)

• 7.12 Italy – Market size and forecast 2021-2026
• Exhibit 82: Chart on Italy – Market size and forecast 2021-2026 ($ billion)
• Exhibit 83: Data Table on Italy – Market size and forecast 2021-2026 ($ billion)
• Exhibit 84: Chart on Italy – Year-over-year growth 2021-2026 (%)
• Exhibit 85: Data Table on Italy – Year-over-year growth 2021-2026 (%)

• 7.13 Market opportunity by geography 
• Exhibit 86: Market opportunity by geography ($ billion)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges 
• Exhibit 87: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape 
• Exhibit 88: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption 
• Exhibit 89: Overview on factors of disruption

• 9.4 Industry risks 
• Exhibit 90: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered 
• Exhibit 91: Vendors covered

• 10.2 Market positioning of vendors 
• Exhibit 92: Matrix on vendor position and classification

• 10.3 ABT Sportsline GmbH 
• Exhibit 93: ABT Sportsline GmbH – Overview
• Exhibit 94: ABT Sportsline GmbH – Product / Service
• Exhibit 95: ABT Sportsline GmbH – Key offerings

• 10.4 Bryan Herta Autosport 
• Exhibit 96: Bryan Herta Autosport – Overview
• Exhibit 97: Bryan Herta Autosport – Product / Service
• Exhibit 98: Bryan Herta Autosport – Key offerings

• 10.5 EXOR N.V. 
• Exhibit 99: EXOR N.V. – Overview
• Exhibit 100: EXOR N.V. – Product / Service
• Exhibit 101: EXOR N.V. – Key offerings

• 10.6 Hendrick Motorsports LLC 
• Exhibit 102: Hendrick Motorsports LLC – Overview
• Exhibit 103: Hendrick Motorsports LLC – Product / Service
• Exhibit 104: Hendrick Motorsports LLC – Key offerings

• 10.7 McLaren Group Ltd. 
• Exhibit 105: McLaren Group Ltd. – Overview
• Exhibit 106: McLaren Group Ltd. – Business segments
• Exhibit 107: McLaren Group Ltd. – Key offerings
• Exhibit 108: McLaren Group Ltd. – Segment focus

• 10.8 Mercedes Benz Group AG 
• Exhibit 109: Mercedes Benz Group AG – Overview
• Exhibit 110: Mercedes Benz Group AG – Business segments
• Exhibit 111: Mercedes Benz Group AG – Key offerings
• Exhibit 112: Mercedes Benz Group AG – Segment focus

• 10.9 Red Bull GmbH 
• Exhibit 113: Red Bull GmbH – Overview
• Exhibit 114: Red Bull GmbH – Product / Service
• Exhibit 115: Red Bull GmbH – Key offerings

• 10.10 Speedway Motorsports LLC 
• Exhibit 116: Speedway Motorsports LLC – Overview
• Exhibit 117: Speedway Motorsports LLC – Product / Service
• Exhibit 118: Speedway Motorsports LLC – Key offerings

• 10.11 Stellantis NV 
• Exhibit 119: Stellantis NV – Overview
• Exhibit 120: Stellantis NV – Business segments
• Exhibit 121: Stellantis NV – Key news
• Exhibit 122: Stellantis NV – Key offerings
• Exhibit 123: Stellantis NV – Segment focus

• 10.12 Toyota Motor Corp 
• Exhibit 124: Toyota Motor Corp – Overview
• Exhibit 125: Toyota Motor Corp – Business segments
• Exhibit 126: Toyota Motor Corp – Key news
• Exhibit 127: Toyota Motor Corp – Key offerings
• Exhibit 128: Toyota Motor Corp – Segment focus

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist 
• Exhibit 129: Inclusions checklist
• Exhibit 130: Exclusions checklist

• 11.3 Currency conversion rates for US$ 
• Exhibit 131: Currency conversion rates for US$

• 11.4 Research methodology 
• Exhibit 132: Research methodology
• Exhibit 133: Validation techniques employed for market sizing
• Exhibit 134: Information sources

• 11.5 List of abbreviations 
• Exhibit 135: List of abbreviations

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