Expected record-breaking year for USA events in 2024, according to RunSignup | Sports Destination Management

Expected record-breaking year for USA events in 2024, according to RunSignup

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Nov 11, 2024

RunSignup, the registration & technology provider for endurance events in the United States, has released its semi-annual US Race Registration Market Analysis Report.
 

The report examines the current state of RunSignup events and the broader endurance industry, highlighting major trends, competitive shifts, and future projections. Aggregating data for events using its platform (representing around 45% of the US endurance event market), RunSignup notes that the industry is experiencing record participation, with RunSignup’s market presence steadily expanding.
 

2024 on track for record-breaking growth
The endurance events industry is seeing strong momentum, with RunSignup’s average race participation up by 8% compared to 2023, and overall race revenue growing by 12%.

 

This upward trend, combined with low customer churn and an increase in new races, positions 2024 as a potentially record-breaking year for both RunSignup and the industry at large.
 

RunSignup poised to capture 50% of US market share by 2025
RunSignup adds that it… ‘continues to cement its leadership in the US, forecasting a 14% rise in registrations this year, growing from 8.5 million in 2023 to an estimated 9.7 million by the end of 2024. This growth, driven by both higher per-race registrations and gains in market share, sets RunSignup on track to capture 50% of the US market by 2025.’

 

Enmotive’s exit signals major vendor shake-up
The market has also witnessed notable shifts, with the departure of key players such as Enmotive, a Gannett-owned company. Enmotive will cease its registration operations by December 31, 2024, and is encouraging its existing customers to switch to event registration firm haku.

 

However, RunSignup claims that many Enmotive customers… ‘are expected to transition to RunSignup, boosting its market share by an additional 2-3%.’
 

RunSignup’s latest report delves into the challenges faced by competitors in the registration space, noting that many have exited the industry due to a mix of strategic, technical, and financial hurdles, leaving customers searching for alternative solutions.
 

‘The industry’s major players now include RunSignup, Race Roster, and Haku. RunSignup’s market report offers its strategic insight into each company’s approach as well as others.’
 

“While some competitors struggle with custom code, technical debt, and the balancing act of consulting and software development, RunSignup’s focus on standardized features available to all customers and infrastructure investment has proven effective,” said Bob Bickel, Founder and CEO of RunSignup.
 

“Our long-term strategy enables us to innovate quickly and provide all customers with cost-effective access to cutting-edge technology.”
 

www.runsignup.com

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