Industry Analysis & Industry Trends
Higher disposable income and recreational spending will help the Drag Racing and Road Racing Promoters industry turn around in the coming years after a few tough years during the recession. Additionally, rising corporate profit will support industry revenue growth since corporate sponsorships account for about 15.0% of industry revenue. With greater profit, businesses are more likely to sponsor a drag racing team or event. Nonetheless, industry demand will be limited by several factors, including increased access to internet and heightened external.... purchase to read more
Industry Report - Industry Locations Chapter
The location of drag racing promoters is heavily dependent on the location of drag racing tracks. Drag racing tracks are distributed largely based on the availability of land and general popularity of automotive sports. As a result, the Southeast has the largest concentration of tracks (30.1%), followed by the West (14.1%), the Great Lakes (13.3%), the Mid-Atlantic (12.4%), the Southwest (10.0%), the Rocky Mountains (9.3%), the Plains (9.2%) and New England (1.6%).
The Southeast region has the largest share of drag racing tracks, estimated at 30.1%, well above the region's share of the US population (25.4%)... purchase to read more