Motorsport Market by Type, Application And Geography - Forecast And Analysis 2023-2027

Published: Oct 2023 Pages: 163 SKU: IRTNTR45088

Motorsport Market Report: 2023-2027

The motorsport market size is forecast to increase by USD 9,925.34 million. The market is estimated to grow at a CAGR of 4.27% between 2023 and 2027. The growth of the market depends on several factors such as significant investments by sponsors, fewer regulations to help in fostering innovation, and social media driving enthusiasm. This market research and growth report also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the Size of the Motorsport Market During the Forecast Period?

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Key Drivers, Trends and Challenges

Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Market Driver

Fewer regulations help in fostering innovation is the key factor driving the growth of the market. Fewer regulations and significant investments allow focus on new technologies that increase vehicle performance. These characteristics are then used in production cars after they are stable on the track. The races provide a platform for motor oil and tire suppliers. Racing cars are the best platform to test the quality of engine oils when they are exposed to extreme conditions.

Furthermore, the engine is the heart of the vehicle, and racing gives manufacturers enough room to experiment with both pure performance and later tweak it for a longer-lasting performance. They can summarize it by saying that it provides an ideal test ground for vehicular innovation. These factors will boost the growth of the global motorsport market during the forecast period.

Market Trends and Analysis

The growing popularity of truck racing is the primary trend in the market. Truck racing seems expensive in terms of cost, i.e. the average good team spends around USD 2 million a year on vehicles, engines, and support staff but they have attracted many viewers and sponsors due to the thrill, high speed, shrill noises and skill required to control a giant vehicle. Engine manufacturers are often the main sponsors. This is because it helps them test their engines in extreme conditions.

Moreover, truck racing has helped manufacturers build more efficient production trucks. Each team receives two engines for the season. Engines are opened and defective parts are replaced with new and improved parts between seasons. This makes it easy to identify weak parts and make improvements quickly to maximize engine performance. Hence, the growing popularity of truck racing is expected to drive the growth of the global motorsport market during the forecast period. 

Key Market Challenge

Intense competition from other forms of sports is the challenge that affects the growth of the market. Owing to the monotony and predictability of motorsport, viewers have turned to other forms of sports, such as the AFL, rugby league, different forms of cricket, tennis, soccer, and AFL women's soccer. Most middle-income people turn to these sports for fun. These games also attract audiences due to their rough and unpredictable game format.

Moreover, the decision of the Malaysian government to stop F1 in Malaysia is a huge success for the sport. This decision was made due to the overwhelming dominance of Mercedes-Benz. According to the authorities, this has taken away all the excitement of the sport. Organizing events is more expensive because profits are low. The crowd diminishing significantly compared to Singapore, which only hosts night races. Hence, these factors will impede the growth of the global motorsport market during the forecast period.

Customer Landscape

This market forecast report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth and forecasting strategies.

Global Motorsport Market Customer Landscape

Who are the Major Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

A J Foyt Jr Enterprises Inc.: The company offers motorsport such as street of St. Petersburg, streets of Detroit, and Road America.

The market analysis and report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

  • ABT Sportsline GmbH
  • AF Corse Srl
  • Andretti Autosport Holding Co. Inc.
  • Avitas Motorsport Design
  • Bryan Herta Autosport
  • Dale Coyne Racing
  • EXOR N.V.
  • Hendrick Motorsports LLC
  • Honda Motor Co. Ltd.
  • JA Motor Sport
  • Liberty Media Corp.
  • McLaren Group Ltd.
  • Mercedes Benz Group AG
  • Red Bull GmbH
  • Renault SAS
  • Speedway Motorsports LLC
  • Stellantis NV
  • Toyota Motor Corp.
  • Yamaha Corp.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Market Segmentation

The F1 segment is estimated to witness significant growth during the forecast period. F1 legacy is unmatched by any other motorsport event. It started in the 1920s and 1930s in the form of the European Grand Prix Championship. It matured in F1 after standardizing the rules of the Federation Internationale de l Automobile (FIA). Initially, championship series and non-championship series were held, but the series was later discontinued in 1983 due to high competition costs.

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The F1 segment was the largest segment and valued at USD 14,851.66 million in 2017. Liberty Media's takeover of F1 will attract more viewers by providing more engaging content. Social media platforms are expected to significantly increase viewing levels. In addition, F1 races scheduled to take place in 2023, such as the Bahrain Grand Prix, taking place in March 2023, and the Las Vegas Grand Prix, scheduled for November 2023, include a total plus 23 races, will make a significant contribution to the motorsport industry. These factors will boost the growth of the market during the forecast period. 

Key Regions

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Europe is estimated to contribute 47% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The change in F1 management could help the market growth as Liberty Media has the ability to deliver compelling content. The history of motorsport in Europe is the backbone of the sport. Fans have supported the sport even in times of recession and economic crisis. The engaging and exclusive content on offer has already begun to capture the attention of viewers, and viewing levels are expected to increase in the future. Europe has some of the most popular racetracks in the world, which is driving the growth of the motorsport market in the region. Famous racetracks in Europe such as Ascari (Spain), Knockhill (Scotland), Anglesey (UK), Monza (Italy), Silverstone (UK), and Zandvoort (Netherlands) organize many events. Hence, these factors will drive the growth of the market. 

Market Analyst Overview

The Motorsport Products Market thrives on the passion for motorsports, from live events to motor racing games. With market drivers like the thrill of speed and motorsport entertainment, enthusiasts flock to racing tournaments and invest their disposable income in a range of products. Merchandisers and fashion brands capitalize on this, offering apparel and gear for both motorsport organizers and fans alike. Technological advancements have revolutionized the global market, enhancing the viewing experience and motivating broadcasters with lucrative broadcasting rights. Revenue streams from participation fees, ticket sales, and sponsorship fuel the industry, while marketing and promotion efforts attract a diverse audience. From rallying to production car racing, major manufacturers like Ferrari, Porsche, and Mercedes-Benz contribute to the racing landscape, innovating with electric racing vehicles to meet demands for an eco-friendly option.

Segment Overview

This report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Type Outlook (USD Million, 2017 - 2027)
    • F1
    • MotoGP
    • NASCAR
    • Others
  • Application Outlook (USD Million, 2017 - 2027)
    • Venue racing
    • Non-venue racing
  • Region Outlook (USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile 
      • Brazil 
      • Argentina
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Motorsport Market Scope

Report Coverage

Details

Page number

163

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 4.27%

Market growth 2023-2027

USD 9,925.34 million

Market structure

Fragmented

YoY growth 2022-2023(%)

3.75

Regional analysis

Europe, North America, APAC, South America, and Middle East and Africa

Performing market contribution

Europe at 47%

Key countries

US, Japan, UK, Germany, and Italy

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

A J Foyt Jr Enterprises Inc., ABT Sportsline GmbH, AF Corse Srl, Andretti Autosport Holding Co. Inc., Avitas Motorsport Design, Bryan Herta Autosport, Dale Coyne Racing, EXOR N.V., Hendrick Motorsports LLC, Honda Motor Co. Ltd., JA Motor Sport, Liberty Media Corp., McLaren Group Ltd., Mercedes Benz Group AG, Red Bull GmbH, Renault SAS, Speedway Motorsports LLC, Stellantis NV, Toyota Motor Corp., and Yamaha Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. 

Customization purview

If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting between 2023 and 2027
  • Precise estimation of the market  size and its contribution to the market focus to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Market Growth Analysis across Europe, North America, APAC, South America, and Middle East and Africa
  • Thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market companies

We can help! Our analysts can customize this market research report to meet your requirements. 

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global motorsport market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on global motorsport market 2017 - 2021 ($ million)
    • 4.2 Type Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ million)
    • 4.3 Application Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Type

    • 6.1 Market segments
      • Exhibit 30: Chart on Type - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Type - Market share 2022-2027 (%)
    • 6.2 Comparison by Type
      • Exhibit 32: Chart on Comparison by Type
      • Exhibit 33: Data Table on Comparison by Type
    • 6.3 F1 - Market size and forecast 2022-2027
      • Exhibit 34: Chart on F1 - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on F1 - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on F1 - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on F1 - Year-over-year growth 2022-2027 (%)
    • 6.4 MotoGP - Market size and forecast 2022-2027
      • Exhibit 38: Chart on MotoGP - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on MotoGP - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on MotoGP - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on MotoGP - Year-over-year growth 2022-2027 (%)
    • 6.5 NASCAR - Market size and forecast 2022-2027
      • Exhibit 42: Chart on NASCAR - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on NASCAR - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on NASCAR - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on NASCAR - Year-over-year growth 2022-2027 (%)
    • 6.6 Others - Market size and forecast 2022-2027
      • Exhibit 46: Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 47: Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 48: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 49: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 6.7 Market opportunity by Type
      • Exhibit 50: Market opportunity by Type ($ million)
      • Exhibit 51: Data Table on Market opportunity by Type ($ million)

    7 Market Segmentation by Application

    • 7.1 Market segments
      • Exhibit 52: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 53: Data Table on Application - Market share 2022-2027 (%)
    • 7.2 Comparison by Application
      • Exhibit 54: Chart on Comparison by Application
      • Exhibit 55: Data Table on Comparison by Application
    • 7.3 Venue racing - Market size and forecast 2022-2027
      • Exhibit 56: Chart on Venue racing - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Data Table on Venue racing - Market size and forecast 2022-2027 ($ million)
      • Exhibit 58: Chart on Venue racing - Year-over-year growth 2022-2027 (%)
      • Exhibit 59: Data Table on Venue racing - Year-over-year growth 2022-2027 (%)
    • 7.4 Non-venue racing - Market size and forecast 2022-2027
      • Exhibit 60: Chart on Non-venue racing - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Data Table on Non-venue racing - Market size and forecast 2022-2027 ($ million)
      • Exhibit 62: Chart on Non-venue racing - Year-over-year growth 2022-2027 (%)
      • Exhibit 63: Data Table on Non-venue racing - Year-over-year growth 2022-2027 (%)
    • 7.5 Market opportunity by Application
      • Exhibit 64: Market opportunity by Application ($ million)
      • Exhibit 65: Data Table on Market opportunity by Application ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 67: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 68: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 69: Chart on Geographic comparison
      • Exhibit 70: Data Table on Geographic comparison
    • 9.3 Europe - Market size and forecast 2022-2027
      • Exhibit 71: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 72: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 73: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 74: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.4 North America - Market size and forecast 2022-2027
      • Exhibit 75: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 76: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 77: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 78: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.5 APAC - Market size and forecast 2022-2027
      • Exhibit 79: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 80: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 81: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 83: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 84: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 85: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 UK - Market size and forecast 2022-2027
      • Exhibit 91: Chart on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 92: Data Table on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 93: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.9 US - Market size and forecast 2022-2027
      • Exhibit 95: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 96: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 97: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.10 Japan - Market size and forecast 2022-2027
      • Exhibit 99: Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 100: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 101: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.11 Germany - Market size and forecast 2022-2027
      • Exhibit 103: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 104: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 105: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.12 Italy - Market size and forecast 2022-2027
      • Exhibit 107: Chart on Italy - Market size and forecast 2022-2027 ($ million)
      • Exhibit 108: Data Table on Italy - Market size and forecast 2022-2027 ($ million)
      • Exhibit 109: Chart on Italy - Year-over-year growth 2022-2027 (%)
      • Exhibit 110: Data Table on Italy - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 111: Market opportunity by geography ($ million)
      • Exhibit 112: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 113: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 114: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 115: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 116: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 117: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 118: Matrix on vendor position and classification
            • 12.3 A J Foyt Jr Enterprises Inc.
              • Exhibit 119: A J Foyt Jr Enterprises Inc. - Overview
              • Exhibit 120: A J Foyt Jr Enterprises Inc. - Product / Service
              • Exhibit 121: A J Foyt Jr Enterprises Inc. - Key offerings
            • 12.4 ABT Sportsline GmbH
              • Exhibit 122: ABT Sportsline GmbH - Overview
              • Exhibit 123: ABT Sportsline GmbH - Product / Service
              • Exhibit 124: ABT Sportsline GmbH - Key offerings
            • 12.5 AF Corse Srl
              • Exhibit 125: AF Corse Srl - Overview
              • Exhibit 126: AF Corse Srl - Product / Service
              • Exhibit 127: AF Corse Srl - Key offerings
            • 12.6 Andretti Autosport Holding Co. Inc.
              • Exhibit 128: Andretti Autosport Holding Co. Inc. - Overview
              • Exhibit 129: Andretti Autosport Holding Co. Inc. - Product / Service
              • Exhibit 130: Andretti Autosport Holding Co. Inc. - Key offerings
            • 12.7 Avitas Motorsport Design
              • Exhibit 131: Avitas Motorsport Design - Overview
              • Exhibit 132: Avitas Motorsport Design - Product / Service
              • Exhibit 133: Avitas Motorsport Design - Key offerings
            • 12.8 Bryan Herta Autosport
              • Exhibit 134: Bryan Herta Autosport - Overview
              • Exhibit 135: Bryan Herta Autosport - Product / Service
              • Exhibit 136: Bryan Herta Autosport - Key offerings
            • 12.9 Dale Coyne Racing
              • Exhibit 137: Dale Coyne Racing - Overview
              • Exhibit 138: Dale Coyne Racing - Product / Service
              • Exhibit 139: Dale Coyne Racing - Key offerings
            • 12.10 EXOR N.V.
              • Exhibit 140: EXOR N.V. - Overview
              • Exhibit 141: EXOR N.V. - Product / Service
              • Exhibit 142: EXOR N.V. - Key offerings
            • 12.11 Hendrick Motorsports LLC
              • Exhibit 143: Hendrick Motorsports LLC - Overview
              • Exhibit 144: Hendrick Motorsports LLC - Product / Service
              • Exhibit 145: Hendrick Motorsports LLC - Key offerings
            • 12.12 McLaren Group Ltd.
              • Exhibit 146: McLaren Group Ltd. - Overview
              • Exhibit 147: McLaren Group Ltd. - Business segments
              • Exhibit 148: McLaren Group Ltd. - Key offerings
              • Exhibit 149: McLaren Group Ltd. - Segment focus
            • 12.13 Mercedes Benz Group AG
              • Exhibit 150: Mercedes Benz Group AG - Overview
              • Exhibit 151: Mercedes Benz Group AG - Business segments
              • Exhibit 152: Mercedes Benz Group AG - Key offerings
              • Exhibit 153: Mercedes Benz Group AG - Segment focus
            • 12.14 Red Bull GmbH
              • Exhibit 154: Red Bull GmbH - Overview
              • Exhibit 155: Red Bull GmbH - Product / Service
              • Exhibit 156: Red Bull GmbH - Key offerings
            • 12.15 Speedway Motorsports LLC
              • Exhibit 157: Speedway Motorsports LLC - Overview
              • Exhibit 158: Speedway Motorsports LLC - Product / Service
              • Exhibit 159: Speedway Motorsports LLC - Key offerings
            • 12.16 Stellantis NV
              • Exhibit 160: Stellantis NV - Overview
              • Exhibit 161: Stellantis NV - Business segments
              • Exhibit 162: Stellantis NV - Key news
              • Exhibit 163: Stellantis NV - Key offerings
              • Exhibit 164: Stellantis NV - Segment focus
            • 12.17 Toyota Motor Corp.
              • Exhibit 165: Toyota Motor Corp. - Overview
              • Exhibit 166: Toyota Motor Corp. - Business segments
              • Exhibit 167: Toyota Motor Corp. - Key offerings
              • Exhibit 168: Toyota Motor Corp. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 169: Inclusions checklist
                • Exhibit 170: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 171: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 172: Research methodology
                • Exhibit 173: Validation techniques employed for market sizing
                • Exhibit 174: Information sources
              • 13.5 List of abbreviations
                • Exhibit 175: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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