Deep Dive Into Japanese Motorsport Market
- September 2, 2020
- Eddy Sidani
In a controversial and unsatisfying finish for the 2020 edition of the 'greatest spectacle in racing', Takuma Sato won his second Indy 500 race in four years.
The Japanese-native claimed victory at the near-empty Indianapolis Motor Speedway and has continued to put his nation on the map in the world of motorsports. While there is no doubting how big of a star Sato is in Japan, we took the opportunity to analyze motorsports in general in the country to see what sort of opportunities are present in racing.
Using SponsorPulse data, we examined the impact of the IndyCar Series, Formula One, Formula E, MotoGP and NASCAR in Japan to get better insight into its motorsport market.
Formula One has the greatest reach among motorsport series.
With the resources that Formula One has, it is of no surprise that it sits at the top of our list with regards to engagement of population. The elite-racing competition reaches roughly one in four people, with one in five engaging with the property on a weekly basis. The other motorsport properties stack up relatively equally to one another, on average reaching between ten to 13 per cent of the population.
A growing market with a mid-highly identified fan base
The key role of sports marketing managers is to increase the connection fans share with their leagues, teams and events. One way of measuring this bond is to identify the percentage of fans who are passionate about the sport and are excited about what it offers. In that regard, although Formula One has the greatest level of excitement among the population (one in two people), more than one in three people are excited about rivals IndyCar and Formula E.
A major factor likely contributing to the excitement surrounding IndyCar in Japan could be Takuma Sato and his recent success in the series, especially his titles and top-three finishes over the past few years. While one in four people are passionate about Formula One, 11 to 15 per cent of people feel similar connection to the other major motorsport competitions.
Understanding the people who value these partnerships the most
While Formula One may have the furthest reach of all motorsport series in Japan, it is important to remember that passionate fans often feel strongly about brands that sponsor their favourite sports.
We measured the percentage of people who would more likely consider a brand which has a motorsport sponsorship and found that IndyCar shares top of the podium with Formula One.