$4.2bn
$XX.Xm
14,440
4,975
$XXX.Xm
The spectator sports industry in Canada has experienced a dynamic blend of challenges and opportunities in recent times. A strong NHL season in 2022, buoyed by a new media rights deal in the US, exemplified a broader trend toward leveraging TV broadcasting and digital platforms to sustain revenue streams. Smaller leagues and teams grapple with financial instability, lacking the media contracts and sponsorships that bolster larger franchises. Revenue is expected to weaken at a CAGR of 1.9% to $4.2 billion over the years to 2024, including a growth of 2.2% in 2024 alone.
Industry revenue has declined at a CAGR of 1.9 % over the past five years, to reach an estimated $4.2bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|
There are no companies that hold a large enough market share in the Spectator Sports in Canada industry for IBISWorld to include in this product.
Industry revenue is measured across several distinct product and services lines, including Admissions to live sports events, Sporting event broadcast and other media rights and Advertising and endorsement revenue. Admissions to live sports events is the largest segment of the Spectator Sports in Canada.
Broadcast rights are increasingly crucial, particularly at the top
The Spectator Sports industry in Canada comprises sports teams or clubs that participate in live professional or semiprofessional sporting events (e.g. baseball, basketball, football, hockey, soccer and other team sports) before a paying audience. The sports franchises included in this industry may or may not operate their own facilities for presenting games or other spectator sports events.
Purchase this report to view all major companies in this industry.
NAICS 71121 - Spectator Sports in Canada
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
The TV and media landscape is vital for Canadian spectator sports. Thanks to TV deals and digital platforms, teams continue to thrive even if in-person attendance dips.
Learn about an industry's products and services, markets and trends in international trade.
Older Canadians are the big spenders for sports franchises. They’ve got more disposable income and often buy tickets and merchandise for themselves and their kids.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Ontario's a powerhouse for sports teams. It hosts a significant number of franchises, including Toronto's Raptors and Blue Jays, giving it a major stake in Canadian sports.
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
The cost to establish sports franchises can be steep, often in the hundreds of millions. Expenses like paying salaries, charter flights, scouting and legal fees take up a lar...
Learn about the performance of the top companies in the industry.
National Hockey League teams dominate sports franchises. Seven teams are located in Canada and the average valuation of the 31 franchises is over $1.0 billion.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Sports franchises are lightly regulated by the government. Despite this, the league they're involved in has tight control over how individual teams operate.
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Sports franchises contend with extreme travel costs that are unique to sports franchises. This makes other costs much higher than normal.
Including values and annual change:
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Canada include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Unlock comprehensive answers and precise data upon purchase. View purchase options.
The market size of the Spectator Sports industry in Canada is $4.2bn in 2024.
There are 4,975 businesses in the Spectator Sports industry in Canada, which has declined at a CAGR of 0.5 % between 2019 and 2024.
The market size of the Spectator Sports industry in Canada has been declining at a CAGR of 1.9 % between 2019 and 2024.
Over the next five years, the Spectator Sports industry in Canada is expected to grow.
Providing sporting entertainment and Selling tickets to sporting events are part of the Spectator Sports industry.
The level of competition is high and increasing in the Spectator Sports industry in Canada.