Soccer Balls market is expected to reach USD 4.87 billion by 2029 : Cognitive Market Research

As per Cognitive Market Research analysis, the Soccer Ball market size is projected to grow from USD 2.08 Billion in the year 2022 to USD 4.87 Billion by 2029 at a CAGR of 9.32% from 2022-2029.
A soccer ball is a spherical ball used in the game of soccer. It is also known as a football or association football ball. The ball is usually inflated with air and constructed of leather or synthetic materials like PVC or PU. The name of the ball can differ according to whether the sport is called "football", "soccer", or "association football"

Market Dynamics:
• One of the main factors propelling the expansion of the global soccer ball market is the sport's growing popularity among young people. All age groups enjoy soccer, and it has a sizable number of fans. It can also be played on any surface and requires very little equipment, making it the perfect sport for players of all ages. Additionally, the market is expanding as a result of the increasing number of international professional teams and athletes. Another element that is anticipated to fuel the market's growth over the forecast period is the expanding TV coverage of soccer matches.

• Further, due to the increased focus on youth development, there will be greater demand for soccer balls for use in training and youth leagues. It can create opportunities for the global soccer ball market. However, higher prices of the raw material used for manufacturing can lead to higher prices for finished products, which may hamper the growth of the market.

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Regional Analysis of the Soccer Ball Market:
• North America dominates the Global Soccer Ball market more than any other region. This is attributed to the commencement of national & international football events and the increase in the popularity of sports in these regions. Association participation and sponsorships are also contributing to the market's expansion. Europe region is expected to grow with the highest growth rate during the forecast period, owing to the increasing popularity of football in different countries of Europe, such as Germany, Italy, Lithuania, Russia, Spain, Sweden, and others.
• Further, the Asia Pacific region also held a significant market share, owing to the highest production of soccer balls. Pakistan is the world's leading manufacturer of soccer balls. For instance, according to Asian Development Bank, Pakistan's Sialkot city manufactures over 70% of the world's footballs and is the source of football for the 2022 FIFA World Cup in Doha, Qatar.

Top players involved in the Soccer Ball market:
• Adidas
• Nike
• STAR
• Wilson
• Molten
• Decathlon
• Rawlings
• SELECT
• PUMA
• MIKASA
• UMBRO
• Canterbury
• Baden
• DIADORA
• Others

Current Trends of Manufacturers:
• Adidas revealed new high-tech World Cup ball for semifinals and final in Qatar (December 2022)
- Adidas has been producing World Cup balls since 1970, and their latest offering certainly looks fit for football's grandest occasion. One new feature for Qatar 2022 is the footballs, which have been fitted with new technology likely to sweep across the sport after the winner is crowned.

• Nike ceased business with soccer ball manufacturer (November 2022)
- Nike Inc. announced that it is ceasing orders with its hand-stitched soccer ball supplier, Saga Sports, based in Sialkot, Pakistan, due to the contract factory's failure to correct significant labor compliance violations. As a result, Nike is limiting its supply of hand-stitched soccer balls for the foreseeable future.

• United East Partnered with Wilson for Soccer and Basketball (October 2022)
- The United East has announced that it will partner with Wilson Sporting Goods as an official ball sponsor in 2022-23. Wilson will be the official provider of men's and women's soccer balls and men's and women's basketballs.

Segment Analysis:
• Based on the type of football, the market is segmented into size 3, size 4, size 5, and others. Size 5 soccer ball held the largest market share in 2022, as it is used by adults and professional players. Size 5 soccer balls are designed for the official games and training for higher-level players. On the other hand, size 4 held the second largest market share, due to its use by 8-12-year-old players. Since it is slightly smaller and lighter weight than the size 5 ball, youth players will find it easier to control and move during practices and matches.

• Based on raw materials used for manufacturing soccer balls, the market is segmented into synthetic leather, rubber, and others. According to FIFA, almost every football manufactured is made of synthetic leather, as its thickness varies far less than real leather, as well as a latex or butyl bladder and a number of additional layers covered with a waterproof coating.

• On the basis of the manufacturing process, the market is segmented into, Hand Stitched, Machine, Stitched and Thermally bonded. The hand-stitched segment is the highest contributor to the global soccer ball market. As panels of hand-stitched footballs are attached manually, it provides a proper shape and strength to footballs. According to, FIFA, on average, a worker can make two balls in 8 hours. Furthermore, the thermally bonded segment is expected to be the fastest growing segment during the forecast period, as they are thermally bonded footballs and absorb less water while playing, which promotes better handling.

• Further, based on distribution channels, the market is segmented into online and offline. The offline segment held the highest market share, as it provides instant gratification to customers and allows physical examination of products before purchasing. On the contrary, the online segment is expected to be the fastest-growing segment during the forecast period, owing to the rapid growth of e-commerce platforms.

Related Report:
• Cricket Bat Market - https://www.cognitivemarketresearch.com/cricket-bat-market-report
• Football Shoes Market - https://www.cognitivemarketresearch.com/football-shoes-market-report
• Sports Equipment and Accessories Market - https://www.cognitivemarketresearch.com/sports-equipment-and-accessories-market-report
• Athletic Footwear Market - https://www.cognitivemarketresearch.com/athletic-footwear-market-report
• Cricket Ball Market - https://www.cognitivemarketresearch.com/cricket-ball-market-report

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