Global Licensed Sports Merchandise Market Size To Worth USD 52.16 Billion By 2033 | CAGR of 4.64%
Category: Consumer GoodsGlobal Licensed Sports Merchandise Market Size To Worth USD 52.16 Billion By 2033
According to a research report published by Spherical Insights & Consulting, the Global Licensed Sports Merchandise Market is to Grow from USD 33.15 Billion in 2023 to USD 52.16 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 4.64% during the projected period.
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Browse key industry insights spread across 260 pages with 130 Market data tables and figures & charts from the report on the "Global Licensed Sports Merchandise Market Size, Share, and COVID-19 Impact Analysis, By Product (Sports Apparel, Sports Footwear, Sports Accessories, Toys and Games, Others), By Sports Category (Basketball, Football, Cricket, Others), By Distribution Channel (Online, Offline), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/licensed-sports-merchandise-market
Licensed sports gear refers to legally sanctioned goods that bear the logos, names, and symbols of professional sports clubs, leagues, or events. The licensed sports products industry is rapidly developing, driven by rising consumer demand for branded sports apparel, footwear, accessories, and memorabilia. With the rising popularity of athletic events and teams, supporters are more inclined to purchase merchandise to show their support. Companies are capitalizing on this trend by entering into licensing agreements with sports organizations and teams, allowing them to produce and sell official items. The major trend is a shift toward sustainable and eco-friendly apparel, with companies focused on designing clothes and accessories made from recycled materials to meet the growing demand for environmentally responsible items. However, the cost barrier of obtaining licensing rights for things could restrict market expansion.
The sports apparel segment holds the biggest market share over the projection period.
Based on the product, the global licensed sports merchandise market is divided into sports apparel, sports footwear, sports accessories, toys and games, others. Among these, the sports apparel segment holds the biggest market share over the projection period. The sports gear area includes a wide range of apparel options adorned with club emblems, player names, and vintage insignias. Apparel, which ranges from t-shirts and jerseys to hoodies and caps, provides a concrete way for fans to express their support for their favourite sports teams and players.
The football segment is predicted to boost market growth throughout the forecast period.
Based on the sports category, the global licensed sports merchandise market is divided into basketball, football, cricket, others. Among these, the football segment is predicted to boost market growth throughout the forecast period. Football, sometimes known as soccer in North America, is the foundation of the licensed sports retail industry, with a global fan base that transcends regional and cultural boundaries. Football clubs like FC Barcelona, Manchester United, and Real Madrid are extremely popular among supporters, who show unwavering loyalty and excitement for their teams. The FIFA World Cup and UEFA Champions League are high-profile tournaments that drive demand for licensed sports products.
The offline segment dominated the market over the projection period.
Based on the distribution channel, the global licensed sports merchandise market is divided into online, offline. Among these, the offline segment dominated the market over the projection period. Traditional brick-and-mortar retail establishments continue to play a significant part in the licensed sports items industry, offering customers actual shopping experiences and personalized attention. Specialty sports stores, department stores, and licensed retail shops at stadiums and arenas provide physical touchpoints for fans to immerse themselves in the excitement of their favourite sports teams while simultaneously perusing a varied selection of branded merchandise.
North America is having the biggest share of the global licensed sports merchandise market over the forecast period.
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North America is the world's largest licensed sports merchandise market currently, and it is expected to expand rapidly throughout the projected period. North America is the dominant power in the global licensed sports clothing industry, propelled by a profound cultural passion for sports. The United States and Canada are home to some of the world's most popular sports leagues, including the NFL, NBA, MLB, NHL, and MLS, all of which have devoted fan bases and significant retail sales. In the United States, the NFL reigns supreme, with its annual Super Bowl spectacle attracting millions of fans and fuelling record demand for licensed merchandise.
Asia-Pacific is predicted to grow fastest pace throughout the forecast period. In Asia-Pacific, government efforts to encourage sports participation and investment in athletic facilities have fuelled interest in leagues such as the Chinese Basketball Association (CBA) and the Indian Premier League (IPL), resulting in a rise in demand for licensed merchandise featuring both domestic and foreign teams and athletes.
Major vendors in the global licensed sports merchandise market include, NIKE, Inc, New Era Cap, PRADA, PUMA SE, Columbia Sportswear Company, DICK'S Sporting Goods, HANESBRANDS INC, Li Ning Sports Goods Co., Ltd, portsDirect, Rawlings Sporting Goods, Revgear, EVERLAST WORLDWIDE INC, G-III Apparel Group, Ltd, Fanatics Inc, adidas, Under Armour, Inc, and Others.
Recent Developments
- In August 2024, Belk and Fanatics, a global digital sports platform and the world's biggest distributor of licensed sports goods, have announced a new partnership to increase the retailer's inventory and provide customers access to Fanatics' industry-leading range of licensed sports items.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global licensed sports merchandise market based on the below-mentioned segments:
Global Licensed Sports Merchandise Market, By Product
- Sports Apparel
- Sports Footwear
- Sports Accessories
- Toys and Games
- Others
Global Licensed Sports Merchandise Market, By Sports Category
- Basketball
- Football
- Cricket
- Others
Global Licensed Sports Merchandise Market, By Distribution Channel
- Online
- Offline
Global Licensed Sports Merchandise Market, By Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
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