Motorcycle Racing Market Size, Share, Growth and Industry Analysis By Type (Media and Broadcasting Rights Revenue, Ticketing Revenue, Advertising/Sponsorship Revenue, And, Others) By Application (Motorcycle Road Racing, And, Motorcycle Off-Road Racing) Regional Forecast To 2033

MOTORCYCLE RACING MARKET REPORT OVERVIEW

The global Motorcycle Racing Market size was USD 661.71 million in 2024 and is projected to touch USD 759.46 million by 2033, exhibiting a CAGR of 4.7% during the forecast period.

Motorcycle racing is another excellent category of the motorsport that comprises racing competition with bikes made specifically for this kind of activity. Cyclists, dressed in best of safety equipment, go through tough terrains or through real life roads as racing circuits demanding more of talent, balance and daredevilry. It is comprised of road racing, motocross, and Superbike championships. Every race challenges the rider to maneuver the machine due to harsh conditions but with the consideration of the race strategy. Motorcycle racing is an industry that requires great skill on the bikes as well as a rush of adrenaline that makes fans world over hooked to their favorite races.

• • 

    Request a Free sample to learn more about this report.

COVID-19 IMPACT: DELAY IN RACES DUE TO LOCKDOWNS AND SOCIAL DISTANCING DURING PANDEMIC DECREASED MARKET GROWTH

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

COVID-19 adversely affected the motorcycle racing market owing to which races were either delayed or cancelled or racing calendars were affected. Teams and sponsors experienced severe financial pressures and accordingly their available budget and other resources were cut down significantly. People’s attendance was low because of the health reasons and restrictions which affected ticket revenue and merchandising. Social distancing caused by the pandemic forced the organization of races limited to virtual space; this also allowed reaching fans in new format. Nonetheless, such challenges did occur, and the industry managed to evolve as it slowly begun to recuperate and innovate to the new kind of environment that exists.

LATEST TRENDS

"Increasing Trend of Electrification of Vehicles to Accelerate Market Growth"

There are number of significant trends that apply to the market of motorcycle racing. Electrification is now on the move, electric motorcycles are going racing, spreading sustainability in races. Artificial Intelligence (AI) and data analytics to increase bike performance and safety of the rider are considered as advanced technology. Virtual and e-sports racing are also diversifying fans’ consumption through electronic social platforms. Further, there is an increasing concern towards riders’ health and prevention of their possible injuries arising from accidents in the future as a result of new medical support and training. These trends are changing the character of the sport to be more innovative while introducing more classical racing aspects for the future. These trends are driving the motorcycle racing market growth.

MOTORCYCLE RACING MARKET SEGMENTATION

By Type

• Media and Broadcasting Rights Revenue: media & broadcasting rights income is made up of sale of licenses to broadcast and disseminate race and related programmes on television and via the internet and offers a major revenue stream for organizers. Streaming services mean that the potential for revenues has been increased by exclusive Internet broadcasts.

• Ticketing Revenue: Race event ticketing revenue refers to the amount of money that is generated from the tickets that are sold during a particular race event, or from one event to another depending on the capacity of the venue and the popularity of the event. This revenue stream is still a major source of income for most corporations though sometimes it may be slightly affected by some world occurrences.

• Advertising/Sponsorship Revenue: The sources of the advertising and sponsorship are obtained through brands and companies that advertise their products during races and through sponsoring a particular team. This sector is important for supporting teams and events; it can be adequate for major advertising campaigns.

• Others: The sources of other revenues are merchandise, hospitality and licensing. These variant streams complement the main revenues and increase fan base enthusiasm through providing the other race-related experiences and goods.

By Application

• Motorcycle Road Racing: Road racing is a motorcycle racing which is done on race tracks or roads with a high speed where accuracy and fined motor skills are crucial. Some events are MotoGP and World Superbike that invite fans for exciting and competitive races, most of them being international.

• Motorcycle Off-Road Racing: Motorcycle off-road racing is raced on rough surfaces such as the desert and forest and has long distance race that calls for stamina and skills. Some of them are cross-country races, including the famous Dakar Rally, which challenges riders and their vehicles in terms of off-road and in harsh weather.

DRIVING FACTORS

"Higher Disposable Income, And, Fascination of High-Speed Sports to Propel Market Growth"

The motorcycle racing market is influenced by product developments which increase the performance and safety of the bikes to the riders and fans. Social presence and virtual races help to maintain, expand the fan base, and subsequently, create more interest and sales in the market. The principal sources of revenues include sponsorship and advertising; this generates significant levels of funding and the interest in racing events is increasing on a worldwide basis, hence broadening the market. Further, higher disposable income, fascination of high-speed sports also led to more investment and viewership. All these factors can therefore collectively be said to contribute to the growth and dynamism of the motorcycle racing market. All of the above-mentioned factors are driving the motorcycle racing market share.

"Changes and Advances in Motorcycle Design and Construction to Propel Market Growth"

Other driving forces in the motorcycle racing market are generally related to changes and advances in motorcycle design and construction, in relation to race and safety. Sustainable racing which has started with electric motorcycles is interesting for a more extensive audience of environmentally conscious people. More coverage and the international races increase awareness and fanbase of racing series. Furthermore, one can name the creation of new, more complex training programs as well as the boosting of protective measures for the riders as the factors that make young and strong talent attracted and provide high and efficient competition. All these elements therefore act to foster market growth and development.

RESTRAINING FACTOR

"Economic Down Turns and Other Global Crisis Such As Pandemics to Decrease Market Growth"

Constraints to the market of motorcycle racing are high operating costs that affect the financial capacity of teams and exclude new entrants. Issues of safety as well as possible injuries are likely to reduce the number of people patronizing the bicycles for riding and also those who attend or watch the events. Schedules are affected during the economic down turns and other global crisis such as pandemics resulting to losses from ticketing and sponsorships. Also, the market is vulnerable to either increased regulation due to environmental concerns over the emissions of traditional racing bikes or changes in regulation which could affect the costs of bikes. All of these make up market limitation and challenges.

• • 

    Request a Free sampleto learn more about this report.

MOTORCYCLE RACING MARKET REGIONAL INSIGHTS

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa

"Europe to Dominate Market Share Due to Great Infrastructure That Provides Good Conditions"

The motorcycle racing market has a huge market in Europe due to its high end racing circuit and presence of many Grand Prix’s including the MotoGP and the World Super bike. European racing industry is well developed due to great infrastructure that provides good conditions for racing-related activities and the existent number of fans. There too exists huge sponsorships both monetary and media which play a vital role of supporting the region’s market leadership. Also, Europe’s focus on technology development and safety concerns in racing provide it with global relevance in the definition of the future market.

KEY INDUSTRY PLAYERS

"Leading Players adopt Acquisition Strategies to Stay Competitive"

Several players in the market are using acquisition strategies to build their business portfolio and strengthen their market position. In addition, partnerships and collaborations are among the common strategies adopted by companies. Key market players are making R&D investments to bring advanced technologies and solutions to the market. This report provides a detailed view on how the industries implement these strategies

List of Market Players Profiled

• MotoGP (Spain)
• MXGP (Italy)
• SBK (Italy)
• FIM EWC (France)
• TrialGP and X-Trial (France)
• EnduroGP (France)
• Speedway GP (Poland)
• ARRC (Malaysia)

INDUSTRIAL DEVELOPMENT

January 2023: The motorcycle racing market for the year, 2023 brought along the Kawasaki Ninja H2R motorcycle with better aerodynamics and technology. This model has an active, one that is fully integrated, aerodynamics system that automatically adapts to such conditions as stability and maneuverability during high velocities. The bike incorporates an electronic control system that allows a modern and complex system of traction control and cornering ABS to improve the rider and bike safety and performance. This innovation can be associated with a major advancement in racing technology where the focus is put on conjugating aerodynamics with electronics with the intention of providing the best racing experience.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.