The US Sports Clubs and Promoters Market to Reach US$19.23 Billion by 2015, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global outlook on the Sports Clubs and Promoters market. The sporting industry experienced varied fortunes in recent years, with several professional sports leagues in regions, such as the US, Europe, Canada, and Japan generating healthy profits, while at the same time certain clubs in Europe failed to recover their operating costs, and also incurred significant debt. Globally, the US leads in terms of the total revenues generated from sports. Corporate sponsors continue to increase their annual sponsorship budgets; with soccer receiving almost one-third of the sponsorship funding, followed by motor sports, such as Formula 1.

Sports Clubs & Promoters: A Global Outlook

Follow us on LinkedIn – Soccer and baseball are the most popular forms of sports in the world. Sports industry is expanding at an enormous rate across the globe. Commercialization in the sports industry is attributed to the wide accessibility of sports leagues and games. In the North American region, National Football League, Major League Baseball, National Basketball Association, and National Hockey League are the most successful professional sports franchises. The professional soccer league is one of the most successful franchises in Japan. The Japanese soccer league (J-League) operates as an independent business in Japan.

Additionally, many of these commercial companies also utilize the venue of each game to generate profits. Sports broadcasting companies are counted among the major players in the sports industry. Even the high rates of sports telecasting rights and lower ratings of most sports did not affect the television domain. For instance, in the US, most of the NFL teams charged higher broadcasting rights, as compared to the teams from other leagues. Additionally, NFL also allowed the DirecTV satellite deal worth US$2.0 billion. Baseball is the other form of sports, which is benefited from broadcasting in the sports industry.

Sports clubs cover a diverse sector, including clubs such as soccer, baseball, basketball, rugby, hockey, golf, Formula 1, cricket, and other forms of sport. Rising overhead costs are a cause for concern for sports organizers who find it a challenge to maintain profitability, despite the huge popularity of sports such as soccer, basketball, and baseball. Escalating stadium costs, player fees, and taxes are some of the expenses that are eating into the organizers’ profits.

Sports related tourism is an annual US$51 billion industry. The Middle Eastern nations, such as Dubai and UAE, are conducting several sporting events, such as Skiing, Formula 1, Golf, Equestrian events and others in order to consolidate the region’s position as a travel destination. The sports clubs and promoters market is a mature concept in North America and Europe, and an evolving industry in the Asia-Pacific region. Major endorsement deals and corporate sponsorship is widely prevalent in western nations, however, the concept is not as widespread in the Asia-Pacific zone where it is still a gradually increasing phenomenon.

The research report titled “Sports Clubs & Promoters: A Global Outlook” announced by Global Industry Analysts Inc., provides a collection of statistical anecdotes, market briefs, and concise summaries of research findings. The report offers a rudimentary overview of the industry, highlights latest trends and demand drivers, in addition to providing statistical insights. Regional markets elaborated upon include the United States, Europe, Germany, The United Kingdom, Asia, Singapore, among others. The report offers a compilation of recent mergers, acquisitions, and strategic corporate developments. Also included is an indexed, easy-to-refer, fact-finder directory listing the addresses, and contact details of companies worldwide.

For more details about this comprehensive industry report, please visit –
http://www.strategyr.com/Sports_Clubs_and_Promoters_Industry_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

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Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

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