Spectator Sports in Canada Industry Market Research Report Now Available from IBISWorld

Share Article

Online media platforms have helped bolster the industry's profitability over the past five years, and moving forward, IBISWorld expects sporting events to increasingly be distributed via online channels. For these reasons, industry research firm IBISWorld has added a report on the Spectator Sports industry to its growing industry report collection.

News Image
Online media platforms have helped bolster the industry's profitability.

Spectator Sports in Canada entertains millions of consumers on an annual basis, and the diversity of the industry's offerings helps stabilize its performance. “There are few organizations that can generate significant revenue, such as the Canadian Football League and the National Hockey League, and the majority of industry operators are small operations that provide sport entertainment on local or regional levels,” according to IBISWorld Industry Analyst James Crompton. In the five years to 2014, industry revenue is projected to increase at an annualized rate of 1.5% to total an estimated $2.8 billion.

The diversity of spectator sports helps insulate the industry from external shocks, and as a result, spectator sport operators performed relatively well during the recession. “Consumers' disposable income and leisure time preferences can impact the industry, but the popularity of sports helps bolster operators during times of economic duress,” says Crompton. Per capita disposable income is projected to increase at an annualized rate of 0.5% in the five years to 2014, and industry revenue is expected to increase 1.2% in 2014, as economic conditions continue to improve.

Online media platforms have helped bolster the industry's profitability over the past five years, and moving forward, IBISWorld expects sporting events to increasingly be distributed via online channels. The number of fixed broadband connections is projected to increase at an annualized rate of 2.4% over the five years to 2019, and operators will likely continue to push for additional revenue streams via advertising and online content. Over the five years to 2019, industry revenue will increase at an annualized rate of 2.6% to total an estimated $3.2 billion. For example, the National Hockey League (NHL), the most significant association in terms of revenue generation in Canadian spectator sports, offers online streaming of games. IBISWorld expects other sports will begin to provide subscription based content to consumers, which helps mitigate the effect of rising ticket prices. As teams invest in venues and teams, ticket prices tend to rise as well. Furthermore, Canadian teams in the NHL enjoy above average ticket sales revenue, as the popularity of the teams helps them consistently sell out events. Over the next five years, this trend will likely continue, and other sports, such as football and basketball, will likely expand their presence in the industry.

For more information, visit IBISWorld’s Spectator Sports in Canada industry report page.

Follow IBISWorld on Twitter: https://twitter.com/#!/IBISWorld
Friend IBISWorld on Facebook: http://www.facebook.com/pages/IBISWorld/121347533189

IBISWorld industry Report Key Topics

This industry comprises sports teams or clubs that participate in live professional or semiprofessional sporting events (e.g. baseball, basketball, football, hockey, soccer and other team sports) before a paying audience. The sports franchises included in this industry may or may not operate their own facilities for presenting games or other spectator sports events.

Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios

About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US and Canadian industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Gavin Smith
IBISWorld Inc.
+1 (310) 866-5042
Email >
Visit website