Global Sports Market Report 2022 – Market Forecast, Trends And Strategies

The global sports market size is expected to grow from $354.96 billion in 2021 to $501.43 billion in 2022 at a compound annual growth rate (CAGR) of 41.3%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The sports market is expected to reach $707.84 billion in 2026 at a CAGR of 9%.

What is the Global Sports Market?

The sports market consists of sales of sports services and related goods by entities (organizations, sole traders and partnerships) that provide live sporting events before a paying audience or entities that operate golf courses and country clubs, skiing facilities, marinas, fitness and recreational sports centers, and bowling centers.

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What drives the Global Sports Market?

The sports market is expected to benefit from steady economic growth forecasted for many developed and developing countries. The International Monetary Fund (IMF) stated that the global real GDP growth was 3.7% over 2019 and 2020, and 3.6% from 2021 to 2023. Recovering commodity prices further expected to be a significant factor driving economic growth. The US economy is expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period. This continued economic growth is expected to drive the demand for sports market.

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Global Sports Market Segments
The global sports market is segmented:
By Type: Spectator Sports, Participatory Sports
By Revenue Source: Media Rights, Merchandising, Tickets, Sponsorship
By Ownership: Chained, Standalone
By Geography: The regions covered in the sports market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Sports Global Market Report 2022provides market size and growth forecasts for the global sports market, global sports market share, sports market segments and geographies, sports market competitive landscape including leading competitors’ revenues, profiles and market shares. The sports market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Sports Industry Playersinclude Maruhan, Life Time Fitness, Inc., Liberty Media Corporation, Futbol Club Barcelona, Dallas Cowboys, Heiwa Corporation, Manchester City F.C., New York Yankees, Manchester United Football Club and Juventus. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.