Global Sports Market Is Forecast To Grow At A High CAGR To 2020
Posted by Sainath on December 30th, 2018
The Business Research Company’s Global Sports Market analysis covers the year-on-year growth of the global sports market historic and forecast growth. It also includes chapters on the sports market trends, geographical analysis, and competitive landscape.
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The global sports market is forecast to grow at a CAGR (compound annual growth rate) of around 4.4% to 2020.
Sports Market Segmentation
According to TBRC’s global sports market research, the market is split by segments into participatory sports, and spectator sports.
Participatory sports was the largest segment in the market at 52.4% of the global sports market. This includes Football, volley ball, yoga, baseball, aerobics, golf, billiards, bowling, fishing, table tennis, cricket, field hockey, badminton, etc., which involve physical activity.
Spectator sports was the second largest segment in the global sports market at 47.6% of the market. This includes watching sports such as soccer, cricket, basketball, baseball, etc., are included in this segment.
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Participatory sports had the highest CAGR of 3.4%; this segment in the global sports market is expected to grow at a CAGR of 4.4%. This was mainly due to increasing number of spectators owing to rising disposable income and increasing customer preference for sports and leisure activities.
The global sports market report covers the following regions under the geographical analysis section: Asia Pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.
The global sports market’s segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.
The top companies included in the report are Barcelona FC, FC Bayern Munich, Dallas Cowboys, Manchester United, and Real Madrid.
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