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Drag Racing & Road Racing Promoters in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Drag Racing & Road Racing Promoters Market Research Report | Consumer Goods & Services | Sports & Recreation | Dec 2012

Pickup up speed: Renewed incomes and corporate profit will support a return to growth

IBISWorld’s Drag Racing & Road Racing Promoters market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$257m
Annual Growth 07-12
-0.3%
Annual Growth 12-17
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Profit
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Employment
1,127
Businesses
341
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

 


Industry ProductsRelated ReportsTable of Contents

What is the Drag Racing & Road Racing Promoters Industry?

This industry includes automobile, motorcycle and snowmobile drag race organizers. A drag race is an acceleration contest between two vehicles over a measured distance. The industry does not include organizers of other auto racing or motorsport contests.

Industry Products
Registration feesTicket salesSponsorshipsInsurance
 
Industry Activities
Organizing drag racesPromoting drag races


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