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Motorsports Market to Hit USD 16.17 Billion by 2031 as Streaming and Digital Rights Expand, says Mordor Intelligence
GlobeNewswire Inc.·
The global motorsports market is projected to grow from USD 11.45 billion in 2026 to USD 16.17 billion by 2031, expanding at a 7.15% CAGR. Growth is driven by increased sponsorship demand, digital media distribution, premium hospitality experiences, and electrification initiatives. Europe leads with 36.47% market share, while Formula 1 and MotoGP remain key revenue drivers.
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