Sports Insurance Market Growth, Trends, and Analysis by 2031
Historic Data: 2021-2023 | Base Year: 2024 | Forecast Period: 2025-2031Coverage: Sports Insurance Market covers analysis By Type (Event Cancellation Insurance, Participant Accident Medical Insurance, Others), By Application (Professional, Amateur, School Sports, Others), and Geography
- Report Date : Oct 2025
- Report Code : TIPRE00039226
- Category : Banking, Financial Services, and Insurance
- Status : Upcoming
- Available Report Formats :
- No. of Pages : 150
AI overview of Sports Insurance Market
The Sports Insurance Market is poised for significant growth, with a projected market size reaching US$ XX million by 2031, reflecting a robust CAGR of 7.1% from 2025 to 2031. This growth is driven by the increasing popularity of sports and a rising number of sporting events, which enhance the demand for various insurance products, including Event Cancellation Insurance and Participant Accident Medical Insurance. As awareness about the benefits of insurance in sports expands, opportunities within the Sports Insurance Market are expected to flourish. Historical data from 2021 to 2023 indicates a solid foundation for this market, making the Sports Insurance Market Report essential for understanding future trends and market share dynamics.
The sports insurance market is expected to expand at a CAGR of 7.1% from 2025 to 2031. The increasing number of sports events is expected to be a key trend in the market.
Sports Insurance Market Analysis
The sports insurance sector is rapidly expanding. With the advent of technology, the rise in sports-related injury rates, and the overall growth of the sports business, an increasing number of people perceive the need for sports insurance. Given the attention that sporting events receive, it is not astonishing that corporations and broadcasters around the world invest heavily in them. Thus, the sports insurance market is expected to grow during the forecast period.
Sports Insurance Market Industry Overview
Sports insurance is a type of comprehensive insurance accessible to amateurs and athletes that covers their athletic equipment, personal belongings, legal liabilities, and personal injury risks. Sports organizations are legally responsible for the safety of their athletes, staff, and spectators. Whether it's during practice, social events, or day-to-day operations, sports organization insurance can protect against the dangers associated with running a team, club, tournament, or league with the help of sports insurance. Thus, the demand for sport insurance is expected to grow during the forecast period.
Customize This Report To Suit Your Requirement
You will get customization on any report - free of charge - including parts of this report, or country-level analysis, Excel Data pack, as well as avail great offers and discounts for start-ups & universities
Sports Insurance Market: Strategic Insights
- Get Top Key Market Trends of this report.This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
You will get customization on any report - free of charge - including parts of this report, or country-level analysis, Excel Data pack, as well as avail great offers and discounts for start-ups & universities
Sports Insurance Market: Strategic Insights
- Get Top Key Market Trends of this report.This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
Sports Insurance Market Driver and Opportunities
Growing Popularity of Sports to Favor Market Growth
The emergence of sports across the globe can be attributed to a variety of factors, including the government's proactive initiatives and infrastructure development, as well as athlete success stories and a changing cultural outlook. As the world continues to embrace a wide range of sports, the future appears bright, with the possibility of even greater success on the global stage. Furthermore, the expansion of the sports business and the augmented number of sports-related events have provided massive opportunities for the sports insurance market. The increased demand for insurance coverage for athletes and sports teams, combined with people's increasing health consciousness, is driving market expansion.
Growing Awareness About the Advantages of Insurance in Sports to Create Lucrative Market Opportunities
With the growing involvement of big investments throughout, sports organizations must secure their assets with proper insurance that is designed to cover various components of the event. A comprehensive sports insurance cover may cover all uncertainties in the sector, whether natural or man-made, such as unruly supporters or the current political atmosphere. Thus, increasing awareness about these advantages offered by sports insurance is expected to create lucrative opportunities for the market players during the forecast period.
Sports Insurance Market Report Segmentation Analysis
The key segments that contributed to the derivation of the Sports insurance market analysis are coverage type, and applications.
- By Type, the market is divided into event cancellation insurance, participant accident medical insurance, and others.
- Sports insurance for professional athletes provides coverage for disability income, personal physical health, property damage, and death benefits in the event of a career-ending accident.
- By application, the market is divided into professional, amateur, school sports, and other segments.
Sports Insurance Market Share Analysis By Geography
Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America.
The sports insurance market in North America is rapidly expanding. The growing popularity of sports in the region has increased the number of players and teams looking for insurance coverage. A variety of factors are driving growth in the European sports insurance market, such as the increasing popularity of sports and physical activities in the region. The Asia Pacific sports insurance market is witnessing fast growth. This is attributable to a variety of causes, including the increased disposable incomes and the growing popularity of sports in the region.
Sports Insurance Market Regional Insights
The regional trends and factors influencing the Sports Insurance Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses Sports Insurance Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
Sports Insurance Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2024 | US$ XX million |
| Market Size by 2031 | US$ XX Million |
| Global CAGR (2025 - 2031) | 7.1% |
| Historical Data | 2021-2023 |
| Forecast period | 2025-2031 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
Sports Insurance Market Players Density: Understanding Its Impact on Business Dynamics
The Sports Insurance Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
- Get the Sports Insurance Market top key players overview
Sports Insurance Market News and Recent Developments
The Sports insurance market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the Sports Insurance market are listed below:
- Miller, the independent specialist (re)insurance broker, announced the acquisition of Henner Sports from the Henner Group. Miller expects the acquisition to be highly complementary to its current market leadership in sports insurance. (Source: Miller, Press Release, March 2022)
Sports Insurance Market Report Coverage & Deliverables
The Sports insurance market forecast is estimated based on various secondary and primary research findings, such as key company publications, association data, and databases. The market report "Sports Insurance Market Size and Forecast (2021–2031)" provides a detailed analysis of the market covering below areas-
- Sports insurance market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Sports insurance market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Sports insurance market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the Sports insurance market
- Detailed company profiles.
Frequently Asked Questions
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
Recent Reports
Related Reports
Testimonials
I wish to appreciate your support and the professionalism you displayed in the course of attending to my request for information regarding to infectious disease IVD market in Nigeria. I appreciate your patience, your guidance, and the fact that you were willing to offer a discount, which eventually made it possible for us to close a deal. I look forward to engaging The Insight Partners in the future, all thanks to the impression you have created in me as a result of this first encounter.
DR CHIJIOKE ONYIA MANAGING DIRECTOR, PineCrest Healthcare Ltd.
The Insight Partners delivered insightful, well-structured market research with strong domain expertise. Their team was professional and responsive throughout. The user-friendly website made accessing industry reports seamless. We highly recommend them for reliable, high-quality research services
YUKIHIKO ADACHI CEO, Deep Blue, LLC.
We worked with The Insight Partners for an important market study and forecast. They gave us clear insights into opportunities and risks, which helped shape our plans. Their research was easy to use and based on solid data. It helped us make smart, confident decisions. We highly recommend them.
PIYUSH NAGPAL Sr. Vice President, High Beam Global
I requested a report on a very specific software market and the team produced the report in a few days. The information was very relevant and well presented. I then requested some changes and additions to the report. The team was again very responsive and I got the final report in less than a week.
Jean-Herve Jenn Chairman, Future Analytica
This is the first time I have purchased a market report from The Insight Partners.While I was unsure at first, I visited their web site and felt more comfortable to take the risk and purchase a market report.I am completely satisfied with the quality of the report and customer service. I had several questions and comments with the initial report, but after a couple of dialogs over email with their analyst I believe I have a report that I can use as input to our strategic planning process.Thank you so much for taking the extra time and making this a positive experience.I will definitely recommend your service to others and you will be my first call when we need further market data.
John Suzuki President and Chief Executive Officer, Board Director, BK TechnologiesReason to Buy
- Informed Decision-Making
- Understanding Market Dynamics
- Competitive Analysis
- Identifying Emerging Markets
- Customer Insights
- Market Forecasts
- Risk Mitigation
- Boosting Operational Efficiency
- Strategic Planning
- Investment Justification
- Tracking Industry Innovations
- Aligning with Regulatory Trends
Yes! We provide a free sample of the report, which includes Report Scope (Table of Contents), report structure, and selected insights to help you assess the value of the full report. Please click on the "Download Sample" button or contact us to receive your copy.
Absolutely — analyst assistance is part of the package. You can connect with our analyst post-purchase to clarify report insights, methodology or discuss how the findings apply to your business needs.
Once your order is successfully placed, you will receive a confirmation email along with your invoice.
• For published reports: You’ll receive access to the report within 4–6 working hours via a secured email sent to your email.
• For upcoming reports: Your order will be recorded as a pre-booking. Our team will share the estimated release date and keep you informed of any updates. As soon as the report is published, it will be delivered to your registered email.
We offer customization options to align the report with your specific objectives. Whether you need deeper insights into a particular region, industry segment, competitor analysis, or data cut, our research team can tailor the report accordingly. Please share your requirements with us, and we’ll be happy to provide a customized proposal or scope.
The report is available in either PDF format or as an Excel dataset, depending on the license you choose.
The PDF version provides the full analysis and visuals in a ready-to-read format. The Excel dataset includes all underlying data tables for easy manipulation and further analysis.
Please review the license options at checkout or contact us to confirm which formats are included with your purchase.
Our payment process is fully secure and PCI-DSS compliant.
We use trusted and encrypted payment gateways to ensure that all transactions are protected with industry-standard SSL encryption. Your payment details are never stored on our servers and are handled securely by certified third-party processors.
You can make your purchase with confidence, knowing your personal and financial information is safe with us.
Yes, we do offer special pricing for bulk purchases.
If you're interested in purchasing multiple reports, we’re happy to provide a customized bundle offer or volume-based discount tailored to your needs. Please contact our sales team with the list of reports you’re considering, and we’ll share a personalized quote.
Yes, absolutely.
Our team is available to help you make an informed decision. Whether you have questions about the report’s scope, methodology, customization options, or which license suits you best, we’re here to assist. Please reach out to us at sales@theinsightpartners.com, and one of our representatives will get in touch promptly.
Yes, a billing invoice will be automatically generated and sent to your registered email upon successful completion of your purchase.
If you need the invoice in a specific format or require additional details (such as company name, GST, or VAT information), feel free to contact us, and we’ll be happy to assist.
Yes, certainly.
If you encounter any difficulties accessing or receiving your report, our support team is ready to assist you. Simply reach out to us via email or live chat with your order information, and we’ll ensure the issue is resolved quickly so you can access your report without interruption.
Get Free Sample For