Enjoy complimentary customisation on priority with our Enterprise License!
The motorsport market size is forecast to increase by USD 10.54 billion, at a CAGR of 4.36% between 2023 and 2028. The market is experiencing significant growth, driven by substantial investments from sponsors and the evolution of Formula E, which is revolutionizing the industry with its all-electric racing series. This shift towards sustainability is a key trend, as is the increasing cost of insurance due to the integration of advanced electronics and safety systems in non-electric and electric racing vehicles. These systems not only enhance the performance and competitiveness of the vehicles but also prioritize the safety of drivers and spectators. Additionally, the popularity of motorsport events, especially in emerging markets, is fueling increased revenue opportunities for teams, sponsors, and stakeholders. The rise in demand for apparel and gear associated with motorsports further supports this growth. Overall, the motorsport industry is undergoing a transformative period, characterized by innovation, sustainability, and commercial growth.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
Get the report (PDF) sent to your email within minutes.