Market Size of UK Sports Promoters Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2020 - 2022 |
CAGR | > 7.00 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
UK Sports Promoters Market Analysis
The United Kingdom sports promoters market has generated revenue of USD 11.23 billion in the current year and is poised to achieve a CAGR of 7% for the forecast period.
- Sports promotion companies play a major role in linking sportspersons, teams, brands, and fans with each other. The Sports Promoter market is made up of the sale of sports promoter's services and related goods by organizations, sole traders, and partnerships that organize, promote, and manage live performing arts productions, sports events, and other events.
- The COVID-19 pandemic had a profound influence on the revenue generation within the sports promoter market and the landscape of sports events. Following the relaxation of restrictions in the United Kingdom, a remarkable resurgence in the organization of sports events had taken place, drawing larger audiences. In the wake of these developments, there has been a discernible and uplifting impact on the United Kingdom's sports promoter market post-COVID-19
- Sports activities resumed in the United Kingdom, and business opportunities for sports promoters are increasing in the United Kingdom. The United Kingdom sponsorship market observed a growth rate and is also driving the United Kingdom sports promoter market.
UK Sports Promoters Industry Segmentation
Sports promoters are responsible for planning, organizing, and executing various sporting events, ranging from local tournaments to international championships. They work on every aspect of event logistics, including venue selection, scheduling, ticketing, and security arrangements.
The United Kingdom sports promoters market is segmented by type of sports (soccer, formula 1, basketball, tennis, and other types of sports) and by revenue source (media rights, merchandising, tickets, and sponsorship).
The report offers market sizes and forecasts in value (USD) for all the above segments.
By Type of Sports | |
Soccer | |
Formula 1 | |
Basketball | |
Tennis | |
Other Types of Sports |
By Revenue Source | |
Media Rights | |
Merchandising | |
Ticket | |
Sponsoring |
UK Sports Promoters Market Size Summary
The United Kingdom sports promoters market is a dynamic sector that plays a crucial role in connecting athletes, teams, brands, and fans. This market encompasses the sale of services and goods related to organizing, promoting, and managing sports events and live performances. The industry has experienced a significant rebound following the COVID-19 pandemic, with a resurgence in sports events and increased audience engagement. This recovery has been bolstered by the growth of the sponsorship market, which has provided new business opportunities for sports promoters. The influence of athletes and sports personalities, particularly those with substantial social media followings, has been pivotal in driving sports marketing efforts, as their authentic endorsements foster greater brand engagement and perception.
Technological advancements have further transformed the UK sports promoters market, with clubs and teams leveraging new technologies to enhance both player performance and fan experiences. The rise of virtual reality (VR) has been particularly notable, with clubs using VR to offer immersive match viewing experiences. Companies like Rezzil are at the forefront of integrating VR for training and cognitive enhancement, working with top athletes to improve their decision-making and readiness. The market remains fragmented, with a few key players such as Matchroom Sports, Queensberry Promotions, and the Premier League holding significant market shares. Recent developments, like the introduction of AI-powered performance analysis by Sport-tech 50, highlight the ongoing innovation within the industry.
UK Sports Promoters Market Size - Table of Contents
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1. MARKET DYNAMICS AND INSIGHTS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Increase in Number of Spectators Watching Sports
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1.3 Market Restraints
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1.3.1 Major Sports Revenue Concentrated to Few Sports
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1.4 Market Opportunities
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1.4.1 Increase in Media Participation for Sports Broadcasting
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1.5 Industry Value Chain Analysis
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1.6 Industry Attractiveness - Porters' Five Forces Analysis
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1.6.1 Threat of New Entrants
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1.6.2 Bargaining Power of Buyers
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1.6.3 Bargaining Power of Suppliers
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1.6.4 Threat of Substitutes
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1.6.5 Intensity of Competitive Rivalry
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1.7 Insights on technology innovation in the Market.
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1.8 Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 By Type of Sports
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2.1.1 Soccer
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2.1.2 Formula 1
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2.1.3 Basketball
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2.1.4 Tennis
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2.1.5 Other Types of Sports
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2.2 By Revenue Source
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2.2.1 Media Rights
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2.2.2 Merchandising
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2.2.3 Ticket
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2.2.4 Sponsoring
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UK Sports Promoters Market Size FAQs
What is the current UK Sports Promoters Market size?
The UK Sports Promoters Market is projected to register a CAGR of greater than 7% during the forecast period (2024-2029)
Who are the key players in UK Sports Promoters Market?
Matchroom Sports, Queensberry Promotions, Premier League, Rugby Football Union (RFU) and The Jockey Club are the major companies operating in the UK Sports Promoters Market.