Press release
Licensed Sports Merchandise Market is Predicted to Increase at a CAGR of 7.1% through 2033
According to the recently released research report by Fact.MR, the global licensed sports merchandise market expanded at a CAGR of 2.4% from 2018 to 2022. Worldwide demand for licensed sports merchandise stands at US$ 34.45 billion in 2023 and the market is forecasted to progress rapidly at a CAGR of 7.1% and reach US$ 68.40 billion by the end of 2033.Rising population of sports enthusiasts along with increasing urbanization is predicted to bolster the demand for licensed sports merchandise globally. Noteworthy expansion of the online retail sector is also stimulating licensed sports merchandise
๐ ๐จ๐ซ ๐ฆ๐จ๐ซ๐ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐ข๐ง๐ญ๐จ ๐ญ๐ก๐ ๐๐๐ซ๐ค๐๐ญ, ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ:
https://www.factmr.com/connectus/sample?flag=S&rep_id=5800
๐๐๐ฒ ๐๐๐ค๐๐๐ฐ๐๐ฒ๐ฌ ๐๐ซ๐จ๐ฆ ๐ญ๐ก๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ญ๐ฎ๐๐ฒ
โข Global market for licensed sports merchandise to reach US$ 30 Bn by 2021-end
โข By product, demand for licensed sports footwear likely to incline at a CAGR of 7.3%
โข Over half of global licensed sports merchandise sales likely to be via offline stores
โข North America to emerge as an opportunistic market, capturing 34.5% market share
โข Asia to be the fastest growing market, registering a 7.6% CAGR to reach US$ 10.2 Bn
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐ฅ๐๐ง๐๐ฌ๐๐๐ฉ๐:
Prominent suppliers of licensed sports merchandise are spending on strengthening their supply chain management systems, providing quality products, new developments, maintaining product standards, etc.
Key players embrace various innovative approaches, including mergers, acquisitions, technological advancements, etc., to expand their market footprints.
For instance,
โข In August 2021, Adidas AG agreed to sell Reebok to Authentic Brands Group Inc., adding another prominent name to the growing line of consumer companies.
โข In December 2020, Fanatics acquired WinCraft, which is a licensed sports merchandise company. Fanatics has a noteworthy presence with numerous non-apparel merchandise due to the prominence of WinCraft in hard goods, including sports-themed banners and clocks.
Key companies in the licensed sports merchandise market are Adidas AG, Yonex Co. Ltd., Asics Corporation, Under Armour INC, Columbia Sportswear Company, Skechers, Dicks Sporting Goods Inc., Shiv Naresh Sports, G-III Apparel Group, Puma Inc., Nike Inc., and Hanes Brands Inc.
๐๐๐ญ๐๐ ๐จ๐ซ๐ฒ-๐ฐ๐ข๐ฌ๐ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ
Based on product, licensed sports footwear is likely to dominate the market, expanding at a CAGR of 7.3% annually throughout the forecast period. Owing to the changing aesthetics and fashion trends, the quality and styles of footwear have considerably evolved to provide maximum comfort to the consumers.
Among all these merchandise products, sports apparel and sports footwear are very popular. People admire and idealize their favourite sportspersons and want to buy their jerseys and support them. Merchandise footwear sold being licensed by famous celebrities such as Michael Jordan and LeBron James have gained reasonable popularity among urban consumers across the globe.
๐๐๐๐๐-๐๐ ๐๐๐๐ง๐๐ซ๐ข๐จ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ:
Brand manufacturers of nonessential products are expected to face a tough time due to COVID-19. Apparel is one of the biggest sectors that has always witnessed maximum consumer spending on merchandising. But this sector is expected to be affected maximum due to COVID-19 pandemic. Spending on nonessential items is no more a priority for people, as people's main focus is on buying food and groceries for themselves. Manufacturers might sell their products at a low cost or with heavy discounts to clear their stocks.
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐จ๐ ๐๐ข๐๐๐ง๐ฌ๐๐ ๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐๐ซ๐๐ก๐๐ง๐๐ข๐ฌ๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐๐ฌ๐๐๐ซ๐๐ก:
ยท By Product :
โข Apparel
โข Accessories & Toys
โข Footwear
โข Domestic and House Wear
โข Games & Software
ยท By Distribution Channel :
โข Online
โข Offline
ยท By Region :
โข North America
โข Europe
โข Asia Pacific
โข Latin America
โข Middle East & Africa
๐ ๐จ๐ซ ๐ข๐ง-๐๐๐ฉ๐ญ๐ก ๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ, ๐๐ฎ๐ฒ ๐๐จ๐ฐ:
https://www.factmr.com/checkout/5800
๐๐๐ฒ ๐๐๐ง๐๐๐ข๐ญ๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ:
โข This study presents the analytical depiction of the global licensed sports merchandise market along with the current trends and future estimations to determine the imminent investment pockets.
โข The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global licensed sports merchandise market share.
โข The current market is quantitatively analyzed from 2020 to 2027 to highlight the licensed sports merchandise market growth scenario.
โข Porter's five forces analysis illustrates the potency of buyers & suppliers in the market.
โข The report provides a detailed global licensed sports merchandise market analysis based on competitive intensity and how the competition will take shape in coming years.
๐๐จ๐ง๐ญ๐๐๐ญ:
US Sales Office :
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: sales@factmr.com
๐๐๐จ๐ฎ๐ญ ๐ ๐๐๐ญ.๐๐
We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client's satisfaction.
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