Licensed Sports Merchandise Market Outlook
According to the report by Expert Market Research (EMR), the global licensed sports merchandise market size reached a value of USD 35.70 billion in 2023. Aided by the increasing popularity of international sporting events, and the growing culture of fandom, the market is projected to further grow at a CAGR of 5.1% between 2024 and 2032 to reach a value of USD 55.97 billion by 2032.
Licensed Sports Merchandise encompasses a wide range of products, including apparel, footwear, accessories, toys, and video games, that are officially licensed by sports leagues and teams. These products not only allow fans to express their support for their favourite teams and athletes but also serve as a significant revenue stream for sports organisations.
Get a Free Sample Report with Table of Contents@
https://www.expertmarketresearch.com/reports/licensed-sports-merchandise-market/requestsample
The licensed sports merchandise market growth is propelled by several key factors. The globalisation of sports leagues and the international success of events such as the FIFA World Cup, Olympic Games, and the NBA have broadened the fan base for sports merchandise. The proliferation of digital platforms and social media has also facilitated greater engagement with sports brands, enabling fans to follow their favourite teams and players more closely and access merchandise more easily.
As per the licensed sports merchandise market analysis, technological advancements in e-commerce and logistics have simplified the process of purchasing sports merchandise, making it accessible to fans worldwide. Additionally, the trend of athleisure and the increasing interest in sports as a lifestyle have boosted the demand for sports-related apparel and footwear.
Collaborations between sports leagues, teams, and major fashion brands have led to the creation of premium and limited-edition merchandise, attracting not only sports fans but also fashion enthusiasts. These collaborations have elevated the status of sports merchandise from mere fan memorabilia to fashion statements, further driving the licensed sports merchandise market demand.
Moreover, the rising awareness and emphasis on authenticity and the fight against counterfeit products have encouraged fans to purchase official licensed merchandise, supporting market expansion.
Read Full Report with Table of Contents@
https://www.expertmarketresearch.com/reports/licensed-sports-merchandise-market
The Asia-Pacific region is witnessing rapid growth, fuelled by the increasing interest in sports, rising disposable incomes, and the expansion of international leagues into these markets. Countries like China, India, and Japan are becoming key markets for licensed sports merchandise, driven by their vast populations and growing sports fandom.
Licensed Sports Merchandise Market Segmentation
The market can be divided based on product, price range, distribution channel, and region.
Market Breakup by Product
- Sports Apparel
- T-Shirts And Tops
- Sweatshirts And Hoodies
- Jackets
- Bottom Wear
- Others
- Sports Footwear
- Toys and Games
- Others
Market Breakup by Price Range
- Premium
- Economic
Market Breakup by Distribution Channel
- Online
- Offline
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global licensed sports merchandise market. Some of the major players explored in the report by Expert Market Research are as follows:
- Nike Inc.
- Adidas AG
- PUMA SE
- Fanatics Inc.
- DICK’S Sporting Goods, Inc.
- Iconix International
- New Era Cap Company Limited
- 47 BRAND, LLC
- G-III Apparel Group, Ltd.
- Others
About Us
Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.
Our high-quality, data-driven analysis provides the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today’s competitive market.
Don’t miss the opportunity to elevate your business intelligence and strengthen your strategic planning. Secure your organisation’s future success by acquiring one of our Expert Market Research reports today.
Media Contact
Company Name: Claight Corporation
Contact Person: Christopher, Business Consultant
Email: sales@expertmarketresearch.com
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: www.expertmarketresearch.com
