Global Spectator Sports Market Was Valued At USD 265 Billion In 2017

Posted by sainath on August 2nd, 2018

The global spectator sports market includes sports teams and clubs, race tracks and other spectator sports. Sports teams and clubs are professional or semiprofessional teams or clubs which primarily participate in live sporting events before a paying audience. Race tracks include establishments involved in operating race tracks. Other spectator sports include independent athletes who primarily provide specialized services to support participants in sports events or competitions.

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The market was valued at USD 265 billion in 2017, and is expected to be driven by the implementation of new technologies. By implementing mobile ticketing, organizers production and distribution costs associated with traditional paper-based ticketing channels is eliminated.

Western Europe was the largest geographic region in the market, accounting for almost two-fifth of the global market share. This is because of 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 and government initiatives to promote sports. 

The global spectator sports market in the report is split into two segments: sports team and clubs; racing and individual sports.

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The USA was the largest country in the market, accounting for almost one-fifth of the global spectator sports market share.

The top five competitors in the market are Dallas Cowboys, Manchester United, FC Barcelona, Real Madrid, and New York Yankees. Dallas Cowboys is the largest player in the market. Dallas Cowboys Football Club, Ltd. operates as a football club and team in Texas. The company offers tickets for football match venues to football fans. It also sells men's clothing, women's clothing, kids clothing, T-shirts, jerseys, hats, and accessories online.

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