Scope of the Study
Motorsport is a sporting event which involves the vehicles either two wheeled such as Bikes or four wheeled such as cars and go carts. The sport involves off road and on road racing. Additionally it includes powerboat racing and air sports. The Motorsports also contributes to the tourism revenue. However, the teams of motorsports rely on the sponsorship for funding their operations.
The market study is being classified by Type (Formula One, IndyCar, GP2 series, Formula V6 Asia, Formula Three, F2, Formula Palmer Audi and Formula Atlantic), by Application (Profitable and Non-profitable) and major geographies with country level break-up.
Ferrari (Italy), McLaren (United Kingdom), Mercedes-Benz (Germany), Red Bull Racing (United Kingdom), Citroen (France), Hendrick Motorsports (United States), Joe Gibbs Racing (United States), Lancia (Italy), Lotus F1 (United Kingdom) and Toyota (Japan) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Roush Fenway Racing (United States) and Team Penske (United States).
Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Motorsports market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Motorsports market by Type, Application and Region.
On the basis of geography, the market of Motorsports has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Vehicle type, the sub-segment i.e. Racing Motorcycle will boost the Motorsports market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rising Sports Activities in Developed and Developing Countries
- Introduction of New Events for Motorsports
- Rising Interest of People towards the Motorcycle Racing
- Technological Enhancements are being Done
- High Costs Associated with the Manufacturing of Vehicles
- Government Initiatives to Organize the Sports Events
- High Risk of Life Threatening Injuries
Key Target AudienceManufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organisations
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase