DUBLIN--(BUSINESS WIRE)--Dec 19, 2022--

The “Licensed Sports Merchandise Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2022 To 2030” report has been added to ResearchAndMarkets.com’s offering.

The market for licensed sports merchandise is projected to grow at a CAGR of 7.2% during the forecast period of 2022 to 2030

This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

One of the primary aspects that is contributing to the expansion of the market is the growing number of people who are interested in participating in sporting activities. This trend is also being fuelled by the acceleration of urbanisation and the expansion of the online retail sector.

Another reason that is contributing to the industry’s expansion is the introduction of cutting-edge fabrics that are breathable, lightweight, and waterproof in athletic apparel and accessories. Products such as jerseys, socks, tracksuits, t-shirts, bottoms, and activewear that are printed with the logos of major sports teams have experienced an enormous surge in popularity among consumers who desire fashionable casual and gym wear.

It is anticipated that further factors, such as expanding spending capacities among consumers and growing investments in sports licencing across the world, will drive the market even further.

It is anticipated that the market for officially licenced sports merchandise will expand in the not-too-distant future as a result of the growing propensity of the younger population toward product that show support for their favourite team, such as phone cases, mugs, helmets, balls, key chains, and wallets.

A further factor that would contribute to the expansion of the global market is the rising popularity, particularly among younger people, of a variety of national and international leagues.

Increasing Awareness about Licenced Merchandise Boosting Sales

When merchandise is sold bearing copyrighted logos, designs, and other brandings, the licencing businesses owe a specific amount of royalties to the sports organisations on whose behalf the logos and designs are used. This helps to reduce trademark infringements committed against teams and athletes and also contributes to the prevention of the production of counterfeit goods associated with sports-related businesses.

Significantly Increasing Number of Sports Enthusiasts

An increase in the number of people participating in sports has resulted in a rise in the number of people purchasing licenced sports products. Since the beginning of this century, there has been an exponential increase in the number of people taking part in sporting events. This can be attributed to two factors: an increasing desire for entertainment on top of a heightened awareness of the importance of maintaining a healthy lifestyle.

Increased Commercialization of Sports

The increasing commercialization of sporting events and competitions has caused a commotion in the international market for sports items. The introduction of new opportunities to popularise sports products is a topic on which there is relatively little disagreement. The federal government as well as state and local authorities are making significant investments in sports apparel and equipment. This emerging trend can be ascribed to the efforts of government officials to increase the number of people who attend sporting events.

Increased Access to Sports Merchandise due to Online Shopping Platforms

The most important factor in the development of the licenced sports merchandise market is the rise of the industry of online shopping, also known as e-commerce. Consumers enjoy shopping online because it enables them to select their preferred products in a manner that is both more convenient and of a higher quality at a lower price.

Competition to Intensify as Market Remains Fragmented

The market for licenced sports items is a very competitive, and there are many significant companies operating across countries. Major companies that are dominating global market includes Adidas AG, Under Armour, Inc., Nike Inc., Puma SE, and others. Tier 1 players in the market, are focusing on new product launch and partnerships as their primary strategy.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Licensed Sports Merchandise market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2030.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Licensed Sports Merchandise market?
• Which is the largest regional market for Licensed Sports Merchandise market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Licensed Sports Merchandise market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Licensed Sports Merchandise market worldwide?

Company Profiles

• Adidas AG
• Under Armour
• Nike Inc.
• Puma SE

Market Segmentation

Product

• Sports Apparel
• Sports Footwear
• Sports Accessories and toys
• Video games or software
• Domestic and Housewares
• Others

Distribution Channel

• Offline Retail Stores
• Supermarkets and Hypermarkets
• Departmental Stores
• Specialty Stores
• Online Retail Stores

Price Range:

• Premium
• Economic

Breakup by End-User:

• Men
• Women
• Children

Region Segment (2020 - 2030; US$ Million)

• North America
• U.S.
• Canada
• Rest of North America
• UK and European Union
• UK
• Germany
• Spain
• Italy
• France
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia Pacific
• Latin America
• Brazil
• Mexico
• Rest of Latin America
• Middle East and Africa
• GCC
• Africa
• Rest of Middle East and Africa

Global Impact of Covid-19 Segment (2020-2021; US$ Million )

• Pre Covid-19 situation
• Post Covid-19 situation

For more information about this report visit https://www.researchandmarkets.com/r/xjb8uf

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SOURCE: Research and Markets

Copyright Business Wire 2022.

PUB: 12/19/2022 07:26 AM/DISC: 12/19/2022 07:26 AM

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