This statistic illustrates the number of Formula One (F1) racing TV viewers worldwide from 2008 to 2021. According to the source, the global audience for Formula One in 2021 stood at *** million viewers, an increase of roughly three percent to the previous year.

The average number of Formula One (F1) racing TV viewers worldwide per Grand Prix in 2021 stood at **** million. This represents a decrease from the previous year's average value of **** million viewers per Grand Prix.

In the U.S., the average Formula 1 viewership per race generally increased between 2017 and 2023, reaching over *** million in 2022 and 2023. While the number decreased during 2020 due to the Covid-19 pandemic, the figure grew again after that year.

This statistic illustrates the percentage increase in Formula One (F1) racing TV viewers over the previous year in selected countries worldwide in 2020. According to the source, the TV audience for Formula One in China grew by ** percent in 2020.

The 2024 F1 World Championship attracted an average TV audience of *** million in the United States, representing no change on the previous year. Meanwhile, the 2022 F1 season drew an average U.S. TV audience of *** million, representing an all-time record.

The share of female viewers of Formula One in the United Kingdom increased in 2021 compared to the previous year. In 2021, just over ********* of F1 viewers were female, up from ** percent in 2020.

The Formula One average TV audience rose significantly between 1987 and 2000, then it experienced a decreasing trend until 2019. The highest figure was recorded in 2000, when the TV audience peaked at **** million, a remarkable increase compared to the *** million viewers of 1987. Whereas the TV audience reached **** million in 2001, since this year the number of viewers started to go down. Especially, the TV audience dropped remarkably in 2013. Since that year, it was only possible to watch live races on pay-TVs, while free-to-air channels just showed the catch-ups. In 2018, it was then recorded the lowest figure since 1987, namely *** million viewers. In 2019, the TV audience slightly rose to *** million.

Context

This little file aggregates ratings of Formula 1 races as published at racefans.net. It is particularly interesting because of ongoing discussion about the lack of action in Formula 1.

Content

The data set describes all F1 races since 2008

Acknowledgements

The data has been collected from racefans.net and merged with race details from ergast.com

Inspiration

Is F1 really less interesting recently ? Is the F1 race interesting because of action on the track or just drivers with celebrity status ?

Home of the British Grand Prix, the Formula One grand prix at Silverstone unsurprisingly drew a large average live television audience in the United Kingdom. Just under **** million UK viewers tuned in to watch the race at Silverstone in 2021, which was broadcast both on Sky Sports and Channel 4.

Racing Vehicle Market size was valued at USD 5.89 Billion in 2024 and is projected to reach USD 11.57 Billion by 2032, growing at a CAGR of 8.81% during the forecast period 2026 to 2032. Growing Global Fan Engagement and Virtual Racing Influence: Increasing global motorsport viewership is expected to support higher demand for both real and virtual racing vehicles. The global motorsports fan base grew by nearly 90 Million last year, reaching 826.5 Million listeners and viewers, a 12% increase over 2023, highlighting rapidly expanding global interest in racing as a spectator sport.High Demand for High-Performance Vehicles: The increasing consumer preference for high-performance vehicles is expected to drive the demand for racing vehicles, as enthusiasts seek advanced technology and superior performance.High Surge in U.S. Motorsports Viewership, Especially NASCAR and F1: Rising U.S. motorsport viewership is anticipated to boost demand for racing vehicles across key American series. NASCAR racing consistently draws over 4 Million spectators annually, while the rise of Formula 1 viewership leads to a strong and growing market presence.Growing Popularity of Motorsports: The rising global interest in motorsports is anticipated to boost the demand for racing vehicles, as more individuals engage in and follow various racing events.

In 2024, the Miami Grand Prix was watched by a U.S. TV audience of over *************, making it the most-watched race of the season. Meanwhile, the Monaco Grand Prix drew a TV audience of around **** million.

This statistic illustrates the number of TV viewers of selected Formula One (F1) Grands Prix worldwide in 2020. The highest number of TV viewers during the 2020 F1 season tuned into the Hungarian Grand Prix. Approximately ***** million viewers worldwide watched Lewis Hamilton claim his eighth career win at the Hungaroring in Hungary.

Comprehensive dataset containing 15 verified F1 locations in Indonesia with complete contact information, ratings, reviews, and location data.

Snapshot img

Motorsport Market Size 2025-2029

The motorsport market size is forecast to increase by USD 10.79 billion, at a CAGR of 4.3% between 2024 and 2029.

Major Market Trends & Insights

Europe dominated the market and accounted for a 47% growth during the forecast period.
By the Type - F1 segment was valued at USD 15.67 billion in 2023
By the Application - Venue racing segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 33.81 billion
Market Future Opportunities: USD 10.79 billion 
CAGR : 4.3%
Europe: Largest market in 2023

Market Summary

The market is a dynamic and technologically advanced industry, characterized by continuous innovation and evolution.This growth can be attributed to several factors, including the increasing popularity of motorsports as a form of entertainment and the integration of advanced technologies in racing vehicles. One notable trend is the rise of electric racing series, such as Formula E, which has seen a surge in sponsorship deals and viewership numbers. This shift towards sustainable racing is driving the adoption of electric powertrains and advanced battery technologies.
Furthermore, the inclusion of advanced electronics and safety systems in racing vehicles has led to a marked increase in the cost of insurance, highlighting the growing complexity and sophistication of the motorsport industry. Despite these challenges, the market's future looks promising, with ongoing research and development efforts focused on improving vehicle performance, reducing emissions, and enhancing spectator experiences. As technology continues to play an increasingly important role in motorsports, the industry is poised to offer exciting new opportunities for businesses and enthusiasts alike.

What will be the Size of the Motorsport Market during the forecast period?

Explore market size, adoption trends, and growth potential for motorsport market Request Free Sample

The market exhibits a steady expansion, with current participation estimated at approximately 50 million spectators and 1.5 million competitors worldwide. This figure represents a substantial increase from previous years, underscoring the market's continuous growth. Looking ahead, industry experts project a steady annual expansion rate of around 3% over the next five years. A notable comparison lies in the increasing integration of technology within motorsport. For instance, advanced data logging systems have become standard, enabling real-time performance monitoring and analysis. Furthermore, the adoption of hybrid powertrain systems has gained traction, with electric motor efficiency improvements driving significant advancements.
These technological advancements have led to increased competition and innovation, further fueling market expansion. Moreover, the market's focus on safety has seen the widespread implementation of safety harness systems, fire suppression systems, and tire pressure monitoring, among other safety features. These improvements not only enhance driver safety but also contribute to the overall growth of the market.

How is this Motorsport Industry segmented?

The motorsport industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  F1
  MotoGP
  NASCAR
  Others


Application

  Venue racing
  Non-venue racing


Wheel Type

  4-Wheelers
  2-Wheelers


Revenue Stream

  Broadcasting Revenue
  Ticketing Revenue
  Merchandising Revenue
  Advertising/Sponsorship Revenue
  Race Hosting Fees Revenue
  Others


Geography

  North America

    US
    Canada
    Mexico


  Europe

    France
    Germany
    The Netherlands
    UK


  Middle East and Africa

    UAE


  APAC

    Australia
    China
    India
    Japan
    South Korea


  South America

    Brazil


  Rest of World (ROW)

By Type Insights

The f1 segment is estimated to witness significant growth during the forecast period.

The market, with a significant focus on Formula One (F1), continues to evolve and expand, driven by advancements in technology and increasing sponsorship investments. Chassis setup parameters and powertrain thermal management are critical areas of research, with tire compound selection and sensor Data Integration playing essential roles in optimizing performance. Telemetry data acquisition and race strategy simulation are key components of pit stop optimization, while gearbox optimization and performance enhancing software are crucial for maximizing power output. Friction reduction technologies, driver training programs, and computational fluid dynamics (CFD) simulation techniques are integral to enhancing vehicle efficiency and reducing emissions.

Electronic control un

According to Cognitive Market Research, the global Racing Tire Market size is USD 11254.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 5.80% from 2024 to 2031.

North America held the major market of more than 40% of the global revenue with a market size of USD 4501.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.0% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 3376.26 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 2588.47 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.8 % from 2024 to 2031.
Latin America market of more than 5% of the global revenue with a market size of USD 562.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2 % from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 225.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.5% from 2024 to 2031.
The motorcycle racing tires segment had the largest share in the global Racing Tire Market by application.

Market Dynamics of Racing Tire Market

Key Drivers of Racing Tire Market

Increase in the Appeal and Interest Of Motorsports Competitions to Boost Market Growth

The increasing popularity and viewership of motorsports events like Formula 1, NASCAR, and various other racing competitions have led to a notable surge in the demand for racing tires. These events attract a vast global audience, providing tire manufacturers with a lucrative platform to showcase their products. As more individuals engage with motorsports, the necessity for high-quality, performance-driven racing tires continues to escalate.

This surge in motorsports' popularity is driving the racing tire demand. Manufacturers must constantly innovate and enhance racing tires to capitalize on market growth. For instance, in September 2023, Pirelli adjusted its Formula 1 testing schedule for the remainder of the year to finalize tires for the 2024 season. Alpine and Red Bull tested prototype tires at Monza after the Italian Grand Prix, followed by testing across Japanese and Mexican Grands Prix. Pirelli focused on developing non-blanket tires, hoping for approval for the 2024 season use.

Advancements in Automotive Technology Fueling the Racing Tire Market 

One key driver in the racing tire market is the continuous advancement of automotive technology and engineering. As automotive manufacturers strive to enhance the performance and efficiency of racing vehicles, there is a growing demand for racing tires that can complement these technological innovations. This driver pushes racing tire manufacturers to develop and produce tires with superior grip, durability, and handling capabilities, meeting the stringent requirements of professional racing teams and drivers. Additionally, advancements in tire compounds, tread designs, and construction materials contribute to improved performance on various track surfaces, leading to heightened competition among tire manufacturers to deliver cutting-edge solutions that optimize vehicle performance and ensure a competitive edge in motorsports events.

Restraint Factors Of Racing Tire Market

Challenges associated with safety and performance regulations to Limit Market Growth

Racing tire manufacturers face stringent safety and performance guidelines set by regulatory bodies and motorsports organizations. These standards, aimed at ensuring driver and spectator safety and promoting fair competition, pose challenges as they evolve. Adapting to these changes can be costly, requiring adjustments in tire design and materials. Navigating regulatory hurdles can hinder innovation and development in racing tires. Manufacturers must invest in research and development to meet updated standards, leading to increased production expenses. Non-compliance may lead to legal repercussions and harm a manufacturer's reputation. Striking a balance between performance, cost-efficiency, and regulatory adherence is essential for sustained growth and competitiveness in the racing tire market.

Impact of COVID-19 on the Racing Tire Market

The COVID-19 pandemic caused a substantial disruption in the racing tire market, particularly due to the suspension or postponement of major...

Motorsports Market Outlook

The global motorsports market size was valued at approximately USD 5.8 billion in 2023 and is projected to reach USD 9.4 billion by 2032, expanding at a CAGR of 5.2% from 2024 to 2032. The growth of the market is attributed to various factors, including increasing global interest in motorsports events, technological advancements in vehicles, and the rising popularity of electric racing formats.

The surge in global interest in motorsports events is one of the primary drivers of market growth. With a wider range of races being organized around the world, from Formula 1 to MotoGP, the fanbase has been expanding rapidly. This increase in viewership translates to higher ticket sales and greater revenue generation from broadcasting rights. Additionally, the integration of advanced technologies in racing cars and bikes, such as telemetry, AI-driven analytics, and electric powertrains, has not only enhanced the performance of the vehicles but also piqued the interest of tech-savvy audiences.

Moreover, the growing popularity of electric racing formats, such as Formula E, has opened new avenues for the motorsports market. These eco-friendly racing events attract a younger demographic that is more environmentally conscious, thereby broadening the traditional fanbase. This shift towards sustainable motorsports is further supported by major automotive manufacturers and technology companies, who see electric racing as a platform for innovation and testing new technologies that can be transferred to consumer vehicles.

Sponsorship and branding opportunities in motorsports have also fueled market expansion. Companies across various sectors, from automotive to consumer goods, invest heavily in sponsorship deals to enhance their brand visibility through motorsports. The high-speed, high-stakes nature of the sport makes it an attractive advertising platform, providing companies with a unique way to engage with a diverse and passionate audience. This influx of sponsorship revenue has been a significant boost to the financial health of motorsports organizations.

Regionally, North America and Europe remain the largest markets for motorsports, driven by well-established racing cultures and significant investments in infrastructure. However, the Asia Pacific region is expected to exhibit the highest growth rate during the forecast period. The increasing number of racing events, rising disposable incomes, and growing interest in motorsports among the younger population are key factors contributing to this regional growth. Countries like China, Japan, and India are emerging as new hubs for motorsports activities, adding to the market's dynamism.

Type Analysis

Within the motorsports market, the type segment is pivotal and comprises car racing, motorcycle racing, off-road racing, kart racing, and others. Car racing remains the most popular and lucrative segment, driven by iconic events such as Formula 1, NASCAR, and Le Mans. These events attract millions of viewers worldwide, generating substantial revenue from ticket sales, sponsorships, and broadcasting rights. The high stakes and technological advancements in car racing make it a continually evolving segment, keeping audiences engaged and sponsors interested.

Motorcycle racing, including MotoGP and Superbike World Championship, holds a significant share of the market. This segment appeals to a different subset of motorsport enthusiasts who appreciate the skill and agility required for motorcycle racing. The global fanbase for motorcycle racing is robust, with strong followings in Europe, Asia, and Latin America. Technological innovations in motorcycles, such as enhanced safety features and performance upgrades, continue to drive interest and investment in this segment.

Off-road racing, including events like the Dakar Rally and Baja 1000, caters to adventure and extreme sports enthusiasts. This segment is characterized by its unique challenges, such as rugged terrains and extreme weather conditions, which test both the vehicles and the drivers. The growing popularity of off-road racing events is linked to the increasing consumer interest in adventure sports and outdoor activities. Sponsorship and media coverage are expanding in this segment, contributing to its growth.

Kart racing serves as the breeding ground for future motorsports talent, making it an essential part of the market. This segment is particularly popular among younger participants and provides a pathway to professional racing careers. Kart racing events are held globally, with a strong

This statistic shows the number of viewers of Grand Prix Formula 1 broadcasts in the Netherlands during the 2016 season, by Grand Prix broadcast (in thousands). During this season, roughly ******* Dutch viewers watched the F1 Grand Prix Great Britain.

In the 2021 season, an average of roughly **** million TV viewers watched the broadcast of the Formula 1 season. This is a decrease of about half a million.

Formula One is a motorsport discipline sanctioned by the FIA and owned by the Formula One Group. In a survey conducted in May 2023, around ** percent of male respondents in the United States were avid fans of Formula One.

In 2024, the attendance of the British Grand Prix amounted to around 480,000, making it the best-attended F1 race of that year. Meanwhile, the attendance of the Australian Grand Prix totaled over 450,000.