Dublin, 7 September 2020 (GLOBE NEWSWIRE) – The “Motorsport – Global Market Tractory
The general studies and predicted eras in the canopy of the report are 2020-2027 (current and long-term studies) and 2012-2019 (historical review). Research estimates are provided by 2020, while study projections cover the 2021-2027 era.
The global motoring market is expected to reach R $ 7.8 billion until 2027 In the midst of the COVID-19 crisis, the global motoring market is expected to accept the acceptance of the product, estimated at US $ 4.8 billion in 2020 , grow at the revised length of US $ 7.8 billion through 2027, with a CAGR of 7.2 Motorsports, one of the segments analyzed in the report, is expected to post a CAGR of 9% and R $ 2.2 billion of Americans until the end of the era of research. After a first investigation of the business implications of the pandemic and its induced economic crisis, the expansion of the closed-wheel racing segment is readjusted to a revised CAGR of 6.5% for the next 7-year era. The United States market is estimated at $ 1.3 billion, while China is expected to grow at a CAGR of 11.1% The motorsports market in the United States is estimated at $ 1.3 billion in 2020. China, at the time of the world economy, is expected to have a projected length of the market place. of US $ 1.7 billion until 2027. CAGR of 11.1% during the research era from 2020 to 2027. Other notable geographies are Japan and Canada, expected to grow by 3.8% and 6.5% respectively during the 2020 era- 2027. In Europe, Germany is expected to grow around 4.6% CAGR. Known competitors in this market include, but are not limited to:
Main topics I.INTRODUCTION, METHODOLOGY AND REPORT II PORT.EXECUTIVE SUMMARY 1.MARKET OVERVIEW
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