GITNUX MARKETDATA REPORT 2024

The Most Surprising Sports Industry Statistics And Trends in 2024

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The sports industry is a multi-billion dollar industry that continues to grow each year. It is no surprise that sports are a major part of our lives and have a huge impact on our economy. With the rise of technology, sports have become more accessible than ever before, and the industry continues to expand.

In this blog post, we will take a look at some of the most interesting and important sports industry statistics. We will explore the size and scope of the industry, the impact of technology, and the economic impact of sports. We will also discuss the future of the sports industry and the potential for growth. So, let’s get started.

Sports Industry: The Most Important Statistics

16% of adults in the US expressed uncertainty about attending a sporting event post-COVID-19.
Nike invested 3.11 billion USD in promotional campaigns in 2022, and 95% of online shoppers in the US knew what Nike was demonstrating the success of their marketing efforts.
Majority of the television advertising volume share of sports genre in India in 2021 was 37%, mainly from live sports events, with 79% of sports viewership from cricket.

Sports Industry Statistics Overview

Sports and recreation activities in Australia contributed 5 billion AUD to the economy in 2021, but increased by 3 billion AUD from 2010-2019.

This demonstrates the economic impact of sports and recreation activities in Australia, which is a valuable contribution to the national economy.

16% of adults in the US expressed uncertainty about attending a sporting event post-COVID-19.

Acushnet Holdings Corp. spent just over 55 million U.S. dollars on research and development in 2021, with Selling, General & Administrative accounting for the highest expenses.

It provides insight into the financial investments being made by Acushnet Holdings Corp. in order to stay competitive in the sports industry. This data can be used to compare the company’s spending to other companies in the industry and to assess the effectiveness of their investments.

Nike invested 3.11 billion USD in promotional campaigns in 2022, and 95% of online shoppers in the US knew what Nike was demonstrating the success of their marketing efforts.

This shows the effectiveness of investing in marketing and promotion, and the power of brand recognition.

Sports remain a popular genre on traditional TV, with NFL Sunday Night Football and the NBA finals being the most-watched shows in the 2019-2020 season in the United States.

Despite the decline in traditional TV viewership, sports remain a popular genre and are still a major source of viewership for traditional TV.

Majority of the television advertising volume share of sports genre in India in 2021 was 37%, mainly from live sports events, with 79% of sports viewership from cricket.

This provides insight into the most popular sport in India and how much of the advertising volume share is dedicated to sports. It also presents the pre-pandemic trends of advertising for televised sports, which is important to understand the impact of the pandemic on the sports industry.

The Brazilian Soccer Confederation (CBF) had 30 million social media followers in June, making it the most popular sports confederation in Brazil, with the Brazilian Volleyball Confederation (CBV) coming in second with 1.8 million followers.

Thus, it shows the reach of the CBF and CBV, and how they are able to engage with their audiences. It also provides insight into the popularity of different sports in Brazil, and how the CBF and CBV are able to capitalize on that popularity to increase their reach and engagement.

70% of social media engagement from US users was registered on content creators’ posts, while 13% was recorded on posts from publishing industry accounts.

Content creators have a larger influence on social media engagement than publishing industry accounts. This means that content creators are more likely to be successful in driving engagement on social media platforms, and should be considered as a key part of any sports marketing strategy.

Sports betting is legal in 30 states and Washington D.C. as of January 2023, with Nevada leading the way with 126 sportsbooks in 2021.

The global sports betting and lottery market size amounted to 194.63 billion U.S. dollars in 2021, an increase of almost 21 billion U.S. dollars from the previous year.

This shows the increasing popularity and profitability of sports betting and lottery, which is a major source of revenue for the sports industry.

Conclusion

In conclusion, the sports industry is an ever-growing and changing industry. It is important to stay up to date on the latest trends and statistics to ensure that you are making the best decisions for your business.

With the right data and analysis, you can make informed decisions that will help you succeed in the sports industry.

References

1 – https://www.statista.com/statistics/1193699/australia-industry-value-added-by-sports-and-recreation/

2 – https://www.statista.com/statistics/1231987/public-interest-in-going-to-a-sporting-event-post-covid-19-us/

3 – https://www.statista.com/statistics/732444/acushnet-holdings-operating-expenses/

4 – https://www.statista.com/statistics/685734/nike-ad-spend/

5 – https://www.statista.com/topics/2113/sports-on-tv/

6 – https://www.statista.com/statistics/1305186/india-distribution-of-sports-tv-ad-volumes-by-programming-type/

7 – https://www.statista.com/statistics/1219105/social-media-followers-sport-confederations-brazil/

8 – https://www.statista.com/statistics/1359888/us-social-media-users-engagement-by-output/

9 – https://www.statista.com/topics/8581/sports-betting-us/

10 – https://www.statista.com/topics/1740/sports-betting/

FAQs

What is the size of the global sports industry?

The size of the global sports industry is estimated to be worth around $488 billion USD in 2020.

What are the main segments of the sports industry?

The main segments of the sports industry include media rights, sponsorship, retail, ticketing, and merchandise.

What is the most popular sport in the world?

The most popular sport in the world is soccer, with over 4 billion fans worldwide.

What is the most lucrative sports industry segment?

The most lucrative sports industry segment is media rights, which is estimated to be worth around $37 billion USD in 2020.

What are the biggest challenges facing the sports industry?

The biggest challenges facing the sports industry include the impact of the COVID-19 pandemic, rising costs, and the need to remain competitive in a crowded market.

How we write our statistic reports:

We have not conducted any studies ourselves. Our article provides a summary of all the statistics and studies available at the time of writing. We are solely presenting a summary, not expressing our own opinion. We have collected all statistics within our internal database. In some cases, we use Artificial Intelligence for formulating the statistics. The articles are updated regularly.

See our Editorial Process.

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