Welcome to All About Sports Expo 2014
Sports is BIG Business in Asia Pacific
Over half the world's population resides in Asia and, with the region's rapid economic growth in the latter quarter of the twentieth century and beyond, the world is looking to the Asia for new business growth opportunities. The sports industry provides one such avenue for business and economic growth, especially in Asia
Pacific, where the sports products and sports services industries are estimated to be worth US$25.4 billion and US$20.7 billion respectively by 2013. Accounting for 10% of all tourism worldwide, sports tourism is forecast to be worth more than $1,000 billion globally by 2018, and Asia Pacific aims to take its share. A preview of Sports in India
The Indian sports equipment market has experienced strong growth in recent years, with total revenue of $2,069.1 million in 2009, representing a compound annual growth rate (CAGR) of 7.1% for the period spanning 2005-2009. The performance of the market was forecast with an anticipated CAGR of 5.5% for the five-year period 2009-2014, which was expected to drive the market to a value of $2,705.1 million by the end of 2014. India is arguably the biggest sports market in the world with a 1.2 billion population and a long established sports culture founded on its love of cricket. While cricket’s leading position has been solidified in recent years with the astonishing success of the Indian Premier League (IPL), events such as the 2010 Commonwealth Games and inaugural Indian Formula One Grand Prix in 2011 have put the country on the business of sports world stage. Cricket remains huge but there is extensive interest across a range of sports, offering the sports industry and brands the opportunity to access this fast growing market.
