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(MoneyNewsWire.Net, September 12, 2018 ) The sports market includes establishments offering spectator sports and participatory sports. Spectator sports includes teams or clubs and independent athletes primarily involved in presenting sporting events before a paying audience. The owners of racing participants primarily involved in entering the participants into racing events or other spectator sports events and the sports trainers who are involved in providing specialized services to support participants in sports events or competitions are part of this industry.
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The global sports market has shown decent growth in the past years with a CAGR of just over 3%. The year 2017 recorded highest ever market value in this industry as per TBRC’s inhouse consultants.
TBRC’s latest report show the historic and future trends in the market for each year with sourced reasons to support the growth claims.
The report also shows the sports market to grow at a higher CAGR by 2021 as compared to 2017, along with geographies best suited for
investments with highest return rate.
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North America was the largest region in the sports market in 2017, accounting for nearly $200 billion or 30% market share. This was mainly due to highly developed sports infrastructure, high disposable income, increase in number of foreign tourists, increasing corporate investments in sports, increasing broadcasting and media revenues, high popularity of sports such as American football, baseball, basketball, tennis, and wrestling, and government initiatives to promote sports.
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Companies included in the report are Dallas Cowboys, Manchester United, Futbol Club Barcelona, Real Madrid, and FC Bayern Munich.
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