PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1708151
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1708151
Motorsport Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2025 - 2034
The Global Motorsport Market reached USD 9.5 billion in 2024 and is projected to grow at a CAGR of 8.1% between 2025 and 2034. With the industry rapidly evolving, advancements in technology, sustainability initiatives, and shifting audience preferences are shaping the future of motorsport. The market is experiencing a notable transition, driven by the increasing emphasis on sustainability and the adoption of electric and hybrid racing series. Major automotive manufacturers and racing organizations are investing heavily in green technologies, including electric drivetrains, alternative fuels, and renewable materials. This shift is fueled by mounting regulatory pressures, rising environmental awareness, and the growing demand for eco-friendly innovations. As sustainability becomes a priority, teams and sponsors are aligning their strategies to appeal to a new generation of environmentally conscious fans and stakeholders.
The motorsport industry is also witnessing a surge in global viewership, expanding revenue streams across digital platforms, broadcasting rights, ticket sales, and merchandising. The sponsorship segment remains a critical pillar of financial growth, with companies leveraging motorsport's extensive reach to gain visibility. In 2024, sponsorships accounted for 43% of the industry's total revenue, underscoring the lucrative nature of brand partnerships. Digital engagement continues to amplify brand exposure, with millions of fans tuning in to premier events, driving higher sponsorship values and audience engagement.
| Market Scope | |
|---|---|
| Start Year | 2024 |
| Forecast Year | 2025-2034 |
| Start Value | $9.5 Billion |
| Forecast Value | $20.1 Billion |
| CAGR | 8.1% |
Ownership structures within the motorsport market include privately owned teams, corporate-backed entities, and manufacturer-supported teams. In 2024, the manufacturer-supported segment generated USD 4 billion, solidifying its position as a dominant force in the industry. Manufacturers utilize motorsport as an innovation hub, testing groundbreaking advancements in aerodynamics, hybrid powertrains, and lightweight materials under extreme racing conditions. These developments are not only enhancing racing performance but also influencing the evolution of commercial automotive technology, bridging the gap between high-performance motorsport engineering and mainstream vehicle advancements.
Germany motorsport market generated USD 1.1 billion in 2024, cementing its status as a global motorsport hub. Home to renowned automotive giants and world-class racing circuits, Germany continues to attract significant investment, talent, and sponsorships. The country plays a pivotal role in the advancement of cutting-edge motorsport technologies, hosting prestigious racing events and fostering innovation within the industry. With a strong legacy in automotive engineering and motorsport excellence, Germany remains a key player in driving the future of the global motorsport market.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Research design
- 1.1.1 Research approach
- 1.1.2 Data collection methods
- 1.2 Base estimates and calculations
- 1.2.1 Base year calculation
- 1.2.2 Key trends for market estimates
- 1.3 Forecast model
- 1.4 Primary research & validation
- 1.4.1 Primary sources
- 1.4.2 Data mining sources
- 1.5 Market definitions
Chapter 2 Executive Summary
- 2.1 Industry 3600 synopsis, 2021 - 2034
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Supplier landscape
- 3.2.1 Manufacturer
- 3.2.2 Service provider
- 3.2.3 Technology provider
- 3.2.4 End use
- 3.3 Profit margin analysis
- 3.4 Technology & innovation landscape
- 3.5 Key news & initiatives
- 3.6 Regulatory landscape
- 3.7 Impact forces
- 3.7.1 Growth drivers
- 3.7.1.1 Advancements in electric and hybrid racing technology
- 3.7.1.2 Increasing global viewership and digital engagement
- 3.7.1.3 Growing investments from automakers and sponsors
- 3.7.1.4 Expansion of motorsports tourism and fan experiences
- 3.7.2 Industry pitfalls & challenges
- 3.7.2.1 High costs for teams and infrastructure
- 3.7.2.2 Stricter environmental regulations and sustainability concerns
- 3.7.1 Growth drivers
- 3.8 Growth potential analysis
- 3.9 Porter's analysis
- 3.10 PESTEL analysis
Chapter 4 Competitive Landscape, 2024
- 4.1 Introduction
- 4.2 Company market share analysis
- 4.3 Competitive positioning matrix
- 4.4 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By Racing Series, 2021 - 2034 ($Mn & Number of Visitor)
- 5.1 Key trends
- 5.2 One-Make Series
- 5.2.1 Porsche Supercup
- 5.2.2 Ferrari Challenge
- 5.2.3 Lamborghini Super Trofeo
- 5.3 Touring Car Racing
- 5.3.1 World Touring Car Championship
- 5.3.2 BTCC (British Touring Car Championship)
- 5.3.3 DTM (Deutsche Tourenwagen Masters)
- 5.4 Stock Car Racing
- 5.4.1 NASCAR (National Association for Stock Car Auto Racing)
- 5.4.2 ARCA Menards Series
- 5.5 GT Racing
- 5.5.1 GT Series World Challenge (Blacpain GT Series)
- 5.5.2 Super GT
- 5.5.3 Intercontinental GT Challenge
- 5.6 Endurance Racing
- 5.6.1 World Endurance Championship (WEC)
- 5.6.2 IMSA WeatherTech SportsCar Championship
- 5.6.3 24H Series
- 5.7 Rally and Off-Road Racing
- 5.7.1 World Rally Championship (WRC)
- 5.7.2 European Rally Championship (ERC)
- 5.7.3 Dakar Rally
- 5.7.4 SCORE International Off-Road Racing
- 5.7.5 Extreme E
- 5.7.6 NHRA Drag Racing Series
- 5.8 Formula Racing
- 5.8.1 Formula 1
- 5.8.2 Formula 2
- 5.8.3 Formula E
- 5.8.4 IndyCar
- 5.9 Motorbike Racing
- 5.9.1 MotoGP
- 5.9.2 WorldSBK (World Superbike Championship)
- 5.9.3 FIM EWC (Fédération Internationale de Motocyclisme Endurance World Championship)
- 5.9.4 SuperMotoCross Championship (MX)
- 5.9.5 British SuperBikes (BSB)
- 5.9.6 MotoCross World Championship (MXGP)
- 5.9.7 MotoAmerica Superbike Championship
Chapter 6 Market Estimates & Forecast, By Revenue Source, 2021 - 2034 ($Mn)
- 6.1 Key trends
- 6.2 Broadcasting
- 6.3 Ticket sales
- 6.4 Sponsorship
- 6.5 Merchandising
Chapter 7 Market Estimates & Forecast, By Ownership, 2021 - 2034 ($Mn)
- 7.1 Key trends
- 7.2 Privately-owned
- 7.3 Manufacturer-supported
- 7.4 Corporate & sponsored
Chapter 8 Market Estimates & Forecast, By Region, 2021 - 2034 ($Mn)
- 8.1 Key trends
- 8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
- 8.3 Europe
- 8.3.1 UK
- 8.3.2 Germany
- 8.3.3 France
- 8.3.4 Spain
- 8.3.5 Italy
- 8.3.6 Russia
- 8.3.7 Nordics
- 8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 India
- 8.4.3 Japan
- 8.4.4 South Korea
- 8.4.5 Australia
- 8.4.6 Southeast Asia
- 8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Argentina
- 8.5.3 Mexico
- 8.6 MEA
- 8.6.1 UAE
- 8.6.2 South Africa
- 8.6.3 Saudi Arabia
Chapter 9 Company Profiles
- 9.1 Ferrari
- 9.2 Red Bull Racing
- 9.3 Mercedes-Benz Grand Prix
- 9.4 Formula One Group
- 9.5 Team Penske
- 9.6 Hendrick Motorsports
- 9.7 Chip Ganassi Racing
- 9.8 McLaren Racing
- 9.9 Aston Martin Aramco Cognizant F1 Team
- 9.10 Williams Racing
- 9.11 Alpine F1 Team
- 9.12 Scuderia AlphaTauri
- 9.13 Haas F1 Team
- 9.14 Joe Gibbs Racing
- 9.15 Richard Childress Racing
- 9.16 Stewart-Haas Racing
- 9.17 Toyota Gazoo Racing
- 9.18 Andretti Autosport
- 9.19 Rahal Letterman Lanigan Racing
- 9.20 Arrow McLaren SP
