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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 is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

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 - Industry Products Chapter

Registration fees

Registration fees generate the largest portion of revenue for the industry, estimated at about 55.0%. These fees can range anywhere from a hundred dollars to thousands of dollars; drag racing's highest paying event, the Million Dollar Drag Race, requires an entry fee of $2,000. While much of this revenue is paid out to the winner, it is also the most susceptible to price increases during times of low attendance or economic difficulty.

Registration prices may also increase to raise the amount of prize money awarded, helping to improve the prestige of an event. Registration fees allow drivers to participate in the event and typically include a predetermined number of event credentials for crew members... 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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