NEW YORK, April 26, 2023 /PRNewswire/ — The motorsport market size is set to grow by USD 0.99 billion from 2019 to 2024 progressing at a CAGR of 1% according to the latest market report by Technavio. The motorsport market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. ABT Sportsline GmbH, Daimler AG, Ferrari NV, Groupe PSA, Hendrick Motorsports LLC, McLaren Group Ltd., Red Bull GmbH, Speedway Motorsports LLC, SUBARU Corp., and Toyota Motor Corp.