Licensed Sports Merchandise Market overview ,With Top Key Players 2030

0
544

Market overview:

The Licensed Sports Merchandise Market is expected to reach USD 34.8 billion by 2030, growing at a 6.45% CAGR between 2023 and 2030.

The licensed sports merchandise market is expected to expand during the forecast period due to the growing inclination of the young population toward merchandise such as phone cases, mugs, helmets, balls, key chains, and wallets in support of their favorite team. Furthermore, the growing interest of the young population in various national and international leagues will fuel global market growth. Massive global marketing campaigns and product promotion via celebrity endorsements have contributed to the industry's growth. Furthermore, the increased number of sports leagues worldwide has increased sales of licensed sports merchandise. Female participation in sports has also expanded the market's scope.

Due to strict government guidelines and restrictions during the Covid-19 pandemic, outdoor games and sports were hampered. Sports clubs, fitness studios and gyms were the first businesses to close due to government regulations limiting the spread of the Covid-19 virus. In addition, major sporting events such as the Olympics and World Cups were halted due to the pandemic, affecting sales of licensed sports merchandise even further. The growing entertainment industry, in which sports are marketed as a major entertainment type through various digital platforms, is attributed to market growth. E-commerce growth and expansion have also played an important role in market growth. Online purchasing allows one to select one's favorite products at a discounted price.

Market segmentation

The worldwide Licensed Sports Merchandise Market size is segmented based on product type, price range, distribution channel and end-user. 

According to product type:

  • Sports accessories & toys
  • Sports Apparel
  • Sports Footwear
  • Video games
  • Others

According to price range:

  • Premium 
  • Economic 

According to distribution channel:

  • Store-based
  • Non-store-based 

According to End-User:

  • Children
  • Women
  • Men

Regional analysis:

The global Licensed Sports Merchandise Market is divided into Asia-Pacific, North America, Europe and the rest of the World (RoW). 

The Licensed Sports Merchandise Market  overview of North America is expected to dominate the global market during the review period due to the region's strong purchasing power and high living standards. Furthermore, the market is expected to grow due to the popularity of sports leagues such as the Canadian Football League (CFL), National Football League (NFL), National Basketball Association (NBA) and National Hockey League (NHL) in the region. 

The Asia-Pacific regional market is expected to grow fastest during the assessment period. The market in this region is expected to increase due to the growing interest in sports such as football and cricket among the Asia-Pacific population. Furthermore, sports-themed accessories such as sunshades, cushions, seat covers, phone cases, wallets, game cards etc., in developing countries such as Japan, India, and China are expected to drive market growth. Furthermore, to demonstrate its presence in the region, the Juventus Football Club of Asia-Pacific distributed its licensed products such as automobile accessories, apparel, luggage, and electronics in China, Japan, and Australia.

Recent Developments:

  • Puma expanded its partnership with the W Series, an international motor racing championship for female drivers, in 2022 to provide high-performance and flame-retardant racewear for female drivers.
  • Puma India has extended its partnership with Indian cricketer Yuvraj Singh until 2021. Yuvraj Singh is now the Indian face of the Puma Motorsport collection.

Key players

Key Companies in the licensed sports merchandise market includes

Quiksilver, Inc. (US),

Puma SE (Germany),

Li Ning (China),

Fanatics, Inc. (US),

Adidas AG (Germany),

Sports Direct International plc (UK),

G-III Apparel Group (US),

Knights Apparel, Inc. (US),

Ralph Lauren Corporation (US),

Nike, Inc. (US) among others

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application,a Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:

Market Research Future®

99 Hudson Street,5Th Floor

New York, New York 10013

United States of America

Phone:

+1 628 258 0071(US)

+44 2035 002 764(UK)

Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com

 

 

 

 

 

 

 

Site içinde arama yapın
Kategoriler
Read More
Art
Exam Cram 300-420 Pdf - 300-420 Trustworthy Practice, 300-420 Pass4sure Study Materials
You choose to apply for Cisco 300-420 Trustworthy Practice 300-420 Trustworthy Practice because...
By Wilich31 Wilich31 2022-10-18 01:29:02 0 662
Other
Escort Dubai VIP +971557012054
hello gentlemen. I provide complete and best service. My pictures are 100% real. i am new to...
By MASHUM FAREEN 2023-10-19 09:01:31 0 397
Other
Ai Tipster
Bets Finder How does bet finder work? Basically the bet finder helps you find upcoming matches...
By Ahoty Kado 2022-12-19 05:43:35 0 546
Causes
New & Used Office Furniture for Sale | Superior Installation
We are a family-run and certified woman-owned minority business that proudly opened its doors in...
By Eugene Trotter 2024-07-09 10:52:55 0 108
Other
Watch Your Favourite Movies Online at no cost
 There is one thing about movies generally that make them so preferred. There are a lot of...
By Heroy Smith 2022-08-21 06:38:48 0 600