GITNUX MARKETDATA REPORT 2024
Motorsports Industry Statistics
Motorsports Industry Statistics show the economic impact, engagement levels, and growth trends within the industry.
In this post, we explore key statistics shaping the landscape of the motorsports industry, highlighting significant revenue shifts, market values, popular events, and demographic insights. From the global impact of the pandemic on industry revenue to the dominance of Formula 1 and regional market dynamics, these statistics offer a comprehensive overview of the motorsports world.
Statistic 1
"In 2020, the Motorsports Industry revenue declined by 18.5% worldwide due to the global pandemic."
Statistic 2
"In 2019, the global Motorsports Market size was valued at USD 5.58 billion."
Statistic 3
"The compound annual growth rate (CAGR) of Motorsports market is projected to be 6.4% from 2020 to 2027."
Statistic 4
"The Asia Pacific Motorsports Market value is anticipated to reach USD 1.0 billion by 2027."
Statistic 5
"Formula 1 is the most lucrative series in Motorsports, contributing USD 2.63 billion to the global market in 2019."
Statistic 6
"As of 2021, Lewis Hamilton was the highest paid driver in Formula 1 earning USD 55 million per year."
Statistic 7
"North America is the largest regional market for Motorsports, contributing about 40% of the global share."
Statistic 8
"The NASCAR Cup Series is the most popular Motorsports event in the U.S, attracting over 3.3 million TV viewers in 2020."
Statistic 9
"F1 Racing Championships attract the largest audience with over 490 million unique viewers globally."
Statistic 10
"Germany contributes approximately 19% of the total Motorsports' market share in Europe."
Statistic 11
"There are over 65 Motorsports companies in South Carolina, accounting for $1.5 billion in annual revenue."
Statistic 12
"A report suggests that around 36% of the people watching NASCAR are women."
Statistic 13
"Millennials make up 40% of NASCAR's audience."
Jannik Lindner
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The statistics are checked by us and then entered into the database. Our market data reports have been linked to by some of the largest publishers and companies on the Internet.
