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 - Starting a New Business Chapter
There are no significant barriers to entry into the Drag Racing and Road Racing Promoters industry. The competitive racing industry has no oversight body or standards organization that monitors promoters and the industry is not subject to significant licensing or regulation requirements. Capital investment requirements are typically low; however, many promoters are owner-operators of their tracks. In those cases, capital requirements would be significantly higher. Although operators are increasingly handling ticketing and registration services through computer software and the internet, it is possible for new entrants to organize events without the use of such technology.
Nonetheless, new entrants may find it hard to compete with the established promoters... purchase to read more