Sports Industry, Teams, Leagues & Recreation Market Research

Competitive Intelligence, Business Analysis, Forecasts, Market Size, Trends, Companies, Statistics

Available Data Services: Custom Research Projects, Database Subsription or PDF eBooks

Sports Industry OVERVIEW

The sports business means many different things to different people.  This is a truly global industry, and sports stir up deep passion within spectators and players alike in countries around the world.  To one person, sports are a venue for gambling; to another, they are a mode of personal recreation and fitness, be it skiing, cycling, running or playing tennis.  To businesspeople, sports provide a lucrative and continually growing marketplace worthy of immense investment.  To athletes, sports may lead to high levels of personal achievement, and to professionals, sports can bring fame and fortune.  To facilities developers and local governments, sports are a way to build revenue from tourists and local fans.  Sports are deeply ingrained in education, from elementary through university levels.  Perhaps we cannot state with confidence that sports enrich the lives of all of us, but they certainly entertain a huge swath of the world’s population.  In addition to economic impact, the largest single effect that sports create is that of gripping entertainment:  hundreds of millions of fans around the globe follow sports daily, whether via radio, television, printed publications, online or in person, as spectators or participants.
Sports are big business.  Combined, the “Big 4” leagues in America, the National Football League (NFL), National Basketball Association (NBA), the National Hockey League (NHL) and Major League Baseball (MLB), brought in about $42.5 billion in revenue during 2022, but that’s just the tip of the iceberg.  On a very broad basis, including related services, a reasonable estimate of the total U.S. sports and recreation market for 2022 would be $587.7 billion yearly (and $1.6 trillion for the entire world).  
Also, the sports industry is so complex, including ticket sales, licensed products, sports video games, collectibles, sporting goods, sports-related advertising, endorsement income, stadium naming fees and facilities income, that it’s difficult to put an all-encompassing figure on annual revenue.
When researching numbers in the sports industry, be prepared for apparent contradictions.  For example, the NFL receives vastly more money each year for TV and cable broadcast rights than MLB, despite the fact that MLB teams play about 10 times more games each year than NFL teams.
When the astonishing variety of sports-related sectors is considered, a significant portion of the workforce in developed nations such as the U.S., UK, Australia and Japan rely on the sports industry for their livelihoods.  Official U.S. Bureau of Labor Statistics figures as of end of year 2022 found that 603,500 Americans work in fitness centers, 50,300 in snow skiing facilities, 70,600 in bowling centers and 401,000 at country clubs or golf courses.  In total, approximately 1.4 million Americans work directly in amusement, sports and recreation sectors.  Another 66,700 work in the wholesale trade of sporting goods, and 308,400 in retail sporting goods stores.  Sports, recreation and related supplies and services have been among the greatest new job engines over the past several years.
While it may not seem like it to the casual observer, the sports sector is constantly evolving in terms of personal tastes, popular games and technologies.  In fact, the personality and popularity of a top athlete can have a tremendous impact on the current popularity of a particular sport—NBA basketball megastar LeBron James, who was recruited for the league directly out of high school, being a superb example with his extremely positive impact on basketball both at home and abroad.  Lance Armstrong, at the peak of his popularity as a Tour de France winner, had an immense impact on the sport of cycling.
Physical fitness activities have been showing substantial growth in popularity in recent years.  There has been significant growth in elliptical motion trainers, running/jogging, and stationary cycling done in groups (“spinning”).  Participation in fitness classes like Zumba, boot camps and yoga also has been growing.
The Physical Activity Council is a consortium of sports industry groups.  Its 2022-edition report tracked participation in hundreds of activities during the past year.  The group’s extensive survey showed that only 76.3% of Americans aged 6+ participate in physical activities, ranging from golf and walking to fitness clubs and organized team sports.
Meanwhile, many enigmas remain obvious in sports and recreation.  For example, the number of people playing golf in America has been dropping over the long term, although audiences for televised golf events remain very large, and golf participation increased during the worst of COVID.  Then there’s the fact that big audiences have been watching high-stakes poker tournaments on television recently.  Does that qualify as sports broadcasting?  It’s certainly a game.  Moreover, thanks to the internet, fantasy sports teams and online betting on sports events are soaring.  Meanwhile, electronic games have become one of the world’s fastest-growing industries, generating tens of billions of dollars in annual, global revenues including software, game consoles, mobile games and game subscriptions.  In the minds of many people, competing against other electronic games players is a sporting activity, so much so that live electronic game competition now draws large crowds willing to buy tickets to watch top pros compete in person.  This type of organized electronic game play is now referred to as eSports.  Related leagues, tournaments and sponsors are growing quickly.  Earnings can be very substantial for top players.  On an amateur level, eSports are beginning to be recognized as legitimate sports activities at some schools.  Dedicated eSports stadiums can be found in Germany, China and the U.S.
One of the strongest, long-term growth trends in the recreation business has been in fitness-related activities.  In the U.S. alone, 40,000 health clubs enjoyed 64.2 million members, prior to the Coronavirus pandemic.  Members visited their clubs an average of about 100 days each year.  Another 45 million Americans use exercise machines in their homes, according to Plunkett Research estimates.  Tens of millions of surviving baby boomers, with time and money on their hands plus a growing concern about their quality of life, will boost the health club and home exercise sectors further.  (Sports and leisure revenues from the Baby Boomer segment will grow quickly.  For example, “pickleball,” a racquet and ball game played on a court about one-quarter the size of a tennis court, is soaring in popularity with senior citizens.)
Globally, Plunkett Research estimates that there are 200,000 gyms/health clubs.  Brazil, a very body-conscious nation and home of Rio de Janeiro’s famous beach culture, is second only to the U.S. in the total number of health clubs.
Evolving technologies and fashions have an immense impact on sales of sporting goods within specific sectors.  Sporting goods makers are constantly trying to create reasons for consumers to buy new equipment.  Golf club makers adopt new technologies with great success.  Snow ski and board makers use new technologies as soon as they become available.  Additionally, ski gear manufacturers introduce new fashions, new colors and new styles yearly in an effort to get consumers to buy new or buy up, regardless of whether significant new technologies are involved.  Nanotechnology, with the ability to provide components with tremendous strength at very low weight, is being featured in new equipment to a growing degree, including tennis rackets.  Likewise, carbon fibers are increasingly seen in the construction of upper-end equipment, including fine bicycles.
The types of electronic technology applied to sporting apparel and sporting goods is becoming much more advanced, as sensors are being embedded that wirelessly gather information through sophisticated accelerometers.  Nike’s Nike+ brand is a major success in this arena, enabling users to set goals, see real-time exercise results and upload exercise histories to www.nikeplus.com from their smartphones and other devices.  Eventually, the sports industry will see widespread use of remote wireless sensors in virtually all types of sporting equipment, from tennis rackets to bicycles to golf clubs and even apparel such as swimsuits.  Sports participants are going to want to be as totally connected to personal electronics during their recreational activities are they are in all other aspects of their lives.
Meanwhile, the media used to deliver sports and sports related information is evolving quickly.  Sports coverage is one of the most widely viewed categories online.  At the same time, digital TV recording devices, such as TiVo, are enabling fans to watch events according to their own schedules. 
Some of the biggest opportunities in the sports industry today lie in providing exciting, high-value opportunities for sports fans, such as high-tech recreational gear at reasonable prices; eSports, spectator sports ticket packages that represent good value; exercise/fitness services that appeal to aging baby boomers; subscriptions that enable online and mobile viewing of events as well as online home exercise classes; and equipment and apparel that provide high value and exciting design.  Globally, over the long term, the industry has tremendous upside potential in rapidly developing consumer markets such as China, India and Mexico.
In the U.S., the increased legalization of sports betting, particularly online and mobile, is spurring rapid growth in the sports sector as a whole.  Thanks to a 2018 ruling by the Supreme Court, the 50 states and the District of Columbia are free to legalize and regulate sports on their own.  By mid-2023, roughly two-thirds of states had cleared some form of betting on sports.  Restrictions vary greatly by state. Some allow only in-person betting, while others restrict betting to lower level games and collegiate events.  The fact that states can earn significant levels of taxes and fees from such betting, combined with consumer demand, will encourage the level of activities allowed to expand and cause this industry to continue to grow rapidly.

WE PROFILE HUNDREDS OF TOP COMPANIES:

See All

PLUNKETT PROVIDES IN-DEPTH STATISTICS TABLES COVERING THE FOLLOWING INDUSTRY TOPICS:

Top Companies Profiled

The following is a partial listing for this industry. As a subscriber, you will have access to the leading companies and top growth companies. This includes publicly-held, private, subsidiary and joint venture companies, on a global basis as well as in the U.S.


Hundreds of Top Companies Profiled, Including:

PLUNKETT PROVIDES UNIQUE ANALYSIS OF THE FOLLOWING TRENDS THAT ARE DRIVING THIS INDUSTRY:

Key Findings:
 

A complete market research report, including forecasts and market estimates, technologies analysis and developments at innovative firms within the Sports & Recreation Industry.  Gain vital insights that can help shape strategy for business development, product development and investments.
 

Key Features:
 

  • Business trends analysis
  • In-depth industry overview
  • Technology trends analysis
  • Forecasts
  • Spending, investment, and consumption discussions
  • In-depth industry statistics and metrics
  • Industry employment numbers
     

Additional Key Features Include:
 

Industry Glossary

Industry Contacts list, including Professional Societies and Industry Associations

Profiles of industry-leading companies

  • U.S. and Global Firms
  • Publicly held, Private and Subsidiaries
  • Executive Contacts
  • Revenues
  • For Public Companies: Detailed Financial Summaries
     

Pages: 538

Statistical Tables Provided: 8

Companies Profiled: 400

Geographic Focus: Global

Price: $399.99
 

Key Questions Answered Include:
 

  • How is the industry evolving?
  • How is the industry being shaped by new technologies?
  • How is demand growing in emerging markets and mature economies?
  • What is the size of the market now and in the future?
  • What are the financial results of the leading companies?
  • What are the names and titles of top executives?
  • What are the top companies and what are their revenues?
     

This feature-rich report covers competitive intelligence, market research and business analysis—everything you need to know about the Sports & Recreation Industry.
 

Plunkett Research Provides Unique Analysis of the Following Major Trends Affecting the Sports & Recreation Industry

  1. Introduction to the Sports & Recreation Industry
  2. NFL (National Football League): The Biggest Money in U.S. Sports
  3. Broadcasting Fees, Digital Access and Investment Savvy Boost MLB (Major League Baseball)
  4. NBA (National Basketball Association) Goes Global
  5. NHL (National Hockey League) Expands
  6. Television Rights Contracts Bring in Lucrative Revenues for Major Sports Leagues
  7. Soccer (Football) Leagues Around the World Reap Significant Revenues and Sponsorships
  8. New Sports Stadiums Launched in the U.S./Stadium Sponsorships Offset Costs
  9. NCAA College Sports Are Immense Revenue Generators, Thanks to Broadcast Rights
  10. Student Athletes Eligible for Endorsement Fees/ Fight for Compensation and Benefits
  11. Golf Is a Major Sports Sector/PGA (Professional Golf Association) Plans to Merge with LIV
  12. Tennis Is a Massive Global Sport for Professionals and Amateurs Alike
  13. Fantasy Sports Post Growth, with 60 Million Players
  14. eSports: Electronic Games Become Spectator Sports
  15. Sports Betting Gains Traction with Online Betting
  16. Sports Equipment Manufacturers Offer the Latest High-Tech Advantages
  17. Wearable Sensors Track Exercise Data/Apparel and Shoe Manufacturers Adopt Technologies
  18. Sports Agents Are Indispensable/Sports Marketing Booms in China
  19. Sports Licensing Heats Up
  20. New Video Game Console Technologies and Features Boost Sales
  21. Virtual Reality/Augmented Reality and 3-D Games Create Opportunities in the Tech Industry/Immersion Games to Grow
  22. Aging Baby Boomers Will Cause Significant Changes in the Leisure Sector, Including Sports and Activity-Based Travel
  23. Athletic Footwear Sales Boom, Drawing Big Names from Athletes to Designers
  24. The Vast Majority of Shoes Sold in the U.S. Are Made Elsewhere
  25. 3-D Printing and Robotics Revolutionize Manufacture of Shoes and Fabrics
  26. Exercise Apparel Sales Rise/Athleisure Clothing Sales Soar
  27. Sports Equipment and Social Media Converge
  28. The Future of the Sports Industry Will Be Shaped by Technologies and Demographics

Plunkett Research Provides In-Depth Tables for the Following Sports & Recreation Industry Statistics

  1. Sports & Recreation Industry Statistics and Market Size Overview
  2. Global Sports Industry Revenues, 2020-2022
  3. Selected U.S. Sports Industry Revenues: 2015-2021
  4. Sports Industry, Estimated Sources of Revenue & Expenses, U.S.: 2016-2021
  5. U.S. Spectator Sports, Performing Arts & Related Industries, Breakdown of Expenses: 2018-2021
  6. Estimated Monthly Sporting Goods Stores Retail Sales, U.S.: 1992- March 2023
  7. Overview of the Media Contracts of the Four Big Sports Leagues
  8. Sports Industry Employment by Business Type, U.S.: 2019-2023

Organizations that have used our research and products

CUSTOM MARKET RESEARCH

We have deep experience in conducting market research projects and surveys (both B2B and B2C) for the world’s leading organizations. Competitive intel, market sizing, product opportunities validation, technologies analysis, economic and market forecasts. Both domestic and global markets—any industry, any geography.
More details

INDUSTRIES WE COVER

We cover all leading industry sectors, from retailing, healthcare and banking, to logistics, robotics/automation, digital technologies, wireless, travel and aerospace. Our proprietary data and reports keep you on the cutting edge of your industry of specific interest. Great for strategic, marketing, investment and consulting professionals.lib
More details

INDUSTRY ANALYTICS REPORTS

Industry-specific operating benchmarks, industry financial statement averages, revenue forecasts, market size, statistics, company ranks and comparisons. Choose from 550+ Industries. Updated regularly. Instant download. Our unique reports save you countless hours of research time and effort. Used by the world’s top consulting, strategy and investment pros.
More details

CORPORATE BENCHMARKS REPORTS

Company-specific operating benchmarks (current and historical), benchmarked against industry-peers’ averages. Revenue forecasts, market size, statistics, company ranks and comparisons. Choose from 4000+ companies. Updated regularly. Instant download. Our unique reports save you countless hours of research time and effort. Used by the world’s top consulting, strategy and investment pros.
More details

Related Products

Wireless, Wi-Fi, RFID & Cellular Industry Market Research

Wireless communications, including such fields as mobile entertainment, RFID, mobile banking and cellphone service, continues to be one of the hottest of the world’s industrial sectors.  There were approximately 9.1 billion global wireless communications subscriptions by the end of 2022, according to Plunkett Research estimates. (Since some people have more…
Wireless, Wi-Fi, RFID & Cellular Industry Market Research

Entertainment, Movie, Publishing & Broadcasting Industry Market Research

In recent years, entertainment, media and publishing have digitized, evolving into a highly dynamic industry, interconnected by global digital platforms in a manner that few people could even have conceived of a few decades ago.  We’ve gone from static and flat (that is: books and media printed on paper, music…
Entertainment, Movie, Publishing & Broadcasting Industry Market Research

Advertising & Branding Industry Market Research

The size of the advertising market is difficult to assess and estimates by analysts vary to some degree.  This is partly because the final cost of advertising for any organization includes creative and agency costs; local branding and marketing efforts; public relations; catalogs, brochures and other printed matter; the creation…
Advertising & Branding Industry Market Research

Subscribe to Database:

All industries
Add To Cart

Multi-User Online, Enterprise-Wide (Library or Corporate)

Request a Quote and Free Trial

eBook or Book:

This industry onlyPublication date: Jul 2023
ISBN-13: 978-1-62831-997-2
ISBN-13: 978-1-64788-005-7
Custom Research Projects

What data challenge can we help you solve today?