Football Market to Hit US$ 4.0 Billion by 2028

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 known as soccer, stands as a universally beloved sport, captivating the hearts of millions of enthusiasts worldwide. This team-oriented game engages two teams, each comprising eleven players, with the objective of scoring goals by propelling a ball into the adversary's net. Renowned for its fast-paced nature, deft maneuvers, and strategic teamwork, football carries profound cultural and societal significance. It unites communities and fosters camaraderie and passion among both players and fans. Football finds itself on various stages, ranging from local amateur leagues to high-stakes professional competitions, encompassing national leagues, international tournaments, and prestigious events like the FIFA World Cup. Presently, football is experiencing an extraordinary surge in global popularity, thanks to its broad appeal and dedicated following.

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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.

Some of these key players include:

• 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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This release was published on openPR.