Contact: +91-9711224068
International Journal of Physical Education, Sports and Health
  • Printed Journal
  • Indexed Journal
  • Refereed Journal
  • Peer Reviewed Journal

P-ISSN: 2394-1685 | E-ISSN: 2394-1693 | CODEN: IJPEJB

Impact Factor (RJIF): 5.38

"International Journal of Physical Education, Sports and Health"

2021, Vol. 8, Issue 4, Part D

Global sports market today: An overview


Author(s): Mukul Kumar and Dr. Sandeep Bhalla

Abstract: 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. The sports market is segmented into spectator sports and participatory sports. The global sports market is expected to grow from $388.28 billion in 2020 to $440.77 billion in 2021 at a compound annual growth rate (CAGR) of 13.5%. The market is expected to reach $599.9 billion in 2025 at a CAGR of 8%.Sports organizers are implementing virtual reality (VR) technology to improve the spectators' experience in sporting events. The market is expected to benefit from steady economic growth forecasted for many developed and developing countries. Thisarticle covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider sports market and compares it with other markets.

Pages: 223-225  |  168 Views  9 Downloads

Download Full Article: Click Here

How to cite this article:
Mukul Kumar, Dr. Sandeep Bhalla. Global sports market today: An overview. Int J Phys Educ Sports Health 2021;8(4):223-225.
Call for book chapter
International Journal of Physical Education, Sports and Health
Journals List Click Here Research Journals Research Journals