Press release
Global licensed sports merchandise market to expand at a CAGR of 5.1% till 2023
The global licensed sports merchandise market is expected to expand at a significant compound annual growth rate (CAGR) of 5.1% to
January 21, 2019 - According to a new Netscribes report published by Research on Global Markets, the global licensed sports merchandise market is expected to expand at a significant compound annual growth rate (CAGR) of 5.1% to reach a market size of USD 26.47 Bn by 2023.
Sports merchandise licensing is a method used to prevent the manufacturing and selling of counterfeits of branded sports merchandise. The growing popularity of sports leagues is creating direct demand from fans for different types and styles of licensed commodities. The market for licensed sports merchandise is expected to grow significantly as people who religiously follow sports - such as football, cricket, and basketball - do not mind spending money on licensed sports merchandise. To meet this demand, manufacturers are producing high-quality, innovative and cost-effective products. According to the report, sports goods merchandising accounted for nearly 10% of the global sports industry in 2018.
The global licensed sports merchandise market is classified into three segments based on products (apparel, footwear, accessories, and others), distribution channels (online distribution and offline distribution), and end users (men, women, and children). The offline distribution channel held the largest market share (66%) in 2018 since people prefer to make a proper assessment of the merchandise before purchasing. However, the online distribution channel segment, with a 34% market share in 2018, is helping the global licensed sports merchandise market by making authentic merchandise easily available to fans at attractive prices.
Key highlights of this report:
1. A comprehensive overview of the global market along with the trends
2. Analysis of the market attractiveness and geography-wise market revenue in USD (North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa)
3. Comprehensive analysis of the key global market drivers and challenges
4. Analysis of the global licensed sports merchandise market based on types of products (apparel, footwear, accessories, and others) - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations
5. Analysis of the global licensed sports merchandise market based on distribution channels (offline distribution and online distribution) - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations
6. Analysis of the global licensed sports merchandise market based on end users (men, women, and children) - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations
7. Analysis of the competitive landscape and profiles of the major players operating in the market
For more information, users can now browse through the blogs on various topics for a more enriching experience:
https://www.researchonglobalmarkets.com/global-licensed-sports-merchandise-market-2018-2023.html
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