marketreports

Motorsport has reached more than 194 countries and is also set to increase as the connectivity of the modern technology that continues to grow in the modern world. The Global Motorsports Market has been tracked by IndustryARC since 2014 till date 2019 based on various parameters includes revenue generation by various channels including broadcasting, ticketing, advertiser/sponsorship, race host fees, and merchandizing, by the type of race series occurred in various countries and by circuit/facility analysis where the race series are held. Request Sample One of the most important factor impacting the motorsports market is the revenue generated from the participation fees which is paid by theparticipating players. For instance, for Formula 1 (F1) racing series, participants such as Mercedes, Ferrari, Red Bull Racing, McLaren, Renault and others pay a huge amount to test their vehicle and participate in the racing series. Europe is one of the key leader in the global motorsports market due...