Football Market to Hit $ 4.0 Billion by 2028: IMARC Group

How Big is The Football Market:

The global football market size reached US$ 3.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.0 Billion by 2028, exhibiting a growth rate (CAGR) of 4% during 2023-2028.

Football, also recognized as soccer, is a sport of worldwide renown that captures the affections of countless enthusiasts globally. Played as a team-based game involving two squads, each comprising eleven players, the objective is to score goals by propelling a ball into the opposing team's net. Distinguished by its swift-paced action, adept maneuvers, and calculated teamwork, football carries substantial cultural and societal significance. It unites communities, fostering camaraderie and fervor among both players and supporters. Spanning diverse tiers, from local amateur leagues to professional contests, including domestic championships, international tournaments, and esteemed events like the FIFA World Cup, football's impact is profound. Presently, the sport is amassing remarkable popularity worldwide, driven by its universal allure and devoted fan base.

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Football Market Trends and Growth:

The rising investments from sponsors, broadcasters, and advertisers represent the key factor driving the market growth. Moreover, the increasing number of fans purchasing team jerseys, merchandise, and memorabilia is positively influencing the market growth. Additionally, rising infrastructure development, including constructing or renovating stadiums and sports facilities to accommodate the growing demand for live matches and events, is another major growth-inducing factor. Besides this, rising fans from around the world visiting different countries to attend matches and experience the vibrant atmosphere surrounding the sport due to the rapid expansion of the tourism industry is propelling the market growth. Besides this, various social media platforms and dedicated football apps providing fans with real-time updates, player insights, and interactive engagement opportunities have catalyzed market growth. Furthermore, the rapid expansion of the sports betting industry, with enthusiasts placing bets on match outcomes and player performances, is contributing to market growth.

Who are the key players operating in the industry?

• Adidas AG
• Baden Sports Inc.
• Decathlon Sports India Pvt Ltd. (Decathlon S.A.)
• Formative Sport
• Franklin Sports Inc.
• Nike Inc.
• Nivia Sports
• Puma SE (Artemis S.A)
• Select Sport A/S
• UMBRO (Iconix Brand Group)
• Wilson Sporting Goods Company (Amer Sports).

Key Market Segmentation:

The report has segmented the global football market based on type, size, distribution channel and region.

Breakup by Type:
• Training Football
• Match Football
• Others

Breakup by Size:
• Size 1
• Size 2
• Size 3
• Size 4
• Size 5

Breakup by Distribution Channel:
• Online
• Offline

Breakup by Region:
• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa

Key Highlights of the Report:
• Market Performance
• Market Outlook
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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About US:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.