Press release
Licensed Sports Merchandise Market - Global Industry Size, Share, Growth, Trends and Forecast For 2024
The global licensed sports merchandise market is chiefly driven by innovation and development of more attractive and stylish sports apparel, sports accessories, and other product varieties. The market is also significantly influenced by the improved economic conditions across developing economies such as India and China, owing to which, sports lovers are spending lavishly on licensed sports merchandise.
Browse Report@ http://www.transparencymarketresearch.com/licensed-sports-merchandise.html
With growing consumer base and huge market potential, the global licensed sports merchandise market is expected to witness considerable growth in the next few years. Transparency Market Research estimates that the market, which valued at US$27.63 bn in 2015, will reach US$48.17 bn by 2024, expanding at a CAGR of 6.4% from 2016 to 2024.
Sports Apparel to be Dominant Contributor to Market Revenues
Some of the most lucrative product categories in the global licensed sports merchandise market are sports apparel, sports footwear, sports accessories, toys and videogames or software, and domestic and house wares. Others prominent product categories include souvenirs, gifts or novelties, consumer electronics, and food and beverages. Of these, the segment of sports apparel dominates the market in terms of revenue.
The segment accounted for a more than 39.0% of the global market in 2015 and is expected to grow at a CAGR of 6.1% from 2016 to 2024. Sports apparel also constituted a vast share in terms of revenue in the North America licensed sports merchandise market in 2015 and this trend is expected to continue over the forecast period as well.
The growing number of sporting leagues and their fan bases are propelling the demand for licensed sports goods across the globe. With rising disposable incomes, the number of sports fans willing pay extra for licensed sports products to support their favorite sports team and players has significantly increased of late, driving the increased demand for a variety of licensed sports merchandise such as apparel.
North America to Retain Dominance thanks to Leading Role of U.S. in Production and Consumption
Of the key regional markets for licensed sports merchandise, North America presently holds the top position and is expected to retain dominance over the forecast period as well, accounting for an average 54% of the global market in terms of revenue from 2016 through 2024. The vast rise in demand for licensed sports apparel and licensed videogames or software among sports lovers, especially children, is expected to propel the licensed sports merchandise market in the region. North America also gains significance in the global licensed sports merchandise market owing to the prominent position of the U.S. in the market, in terms of both production and demand.
Get More Information For Market Research Analysis, Download Brochure@ http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=2663
Moreover, the North America licensed sports merchandise market is constantly expanding with general-purpose and specialized products and introduction of innovative products. Owing to all these factors, North America is expected to continue being one of the most lucrative regional markets for licensed sports merchandise over the forecast period.
The rate of growth of Asia Pacific licensed sports merchandise market, however, is expected to outpace that of the North America market over the forecast period. The Asia Pacific market is expected to exhibit a 7.7% CAGR from 2016 and 2024. Demand is essentially expected to be a result of factors such as high population density, improving standard of living and rising disposable incomes in the developing economies such as China and India.
Some of the key players operating the in the global licensed sports merchandise market are VF Corporation, Adidas - Reebok, Nike Inc., G-III Apparel, Dick's Sporting Goods, Jarden Corporation, Under Armour, Knight Apparels, New Era Cap and Great American Products among others.
About Us:-
Transparency Market Research is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
Contact Us:-
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Licensed Sports Merchandise Market - Global Industry Size, Share, Growth, Trends and Forecast For 2024 here
News-ID: 485029 • Views: …
More Releases from Transparency Market Research
RF Chip Inductor Market Size to Reach over USD 1.8 billion by 2031 - Transparenc …
RF Chip Inductor Market are essential components in various electronic devices, providing inductance and functioning as filters, oscillators, and transformers. They play a crucial role in ensuring the efficiency and performance of RF circuits. With the rapid advancement in telecommunications, consumer electronics, and automotive industries, the demand for RF chip inductors has seen a significant rise. These components are integral in applications such as smartphones, IoT devices, and automotive electronics,…
Solid Tires Market Expected to Witness Impressive Growth at a 8.1% CAGR by 2031
The latest research study released by Transparency Market Research on "Solid Tires Market Forecast to 2023-2031 ″ research provides accurate economic, global, and country-level predictions and analyses.
Solid Tires market is estimated to attain a valuation of US$ 760.0 Mn by the end of 2031, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 8.1% during…
Automotive Cyber security Market Sales Estimated to Hit USD 10.5 Billion by 2031 …
The latest research study released by Transparency Market Research on "𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐂𝐲𝐛𝐞𝐫 𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐭𝐨 𝟐𝟎𝟐𝟑-𝟐𝟎𝟑𝟏 ″ research provides accurate economic, global, and country-level predictions and analyses. It provides a comprehensive perspective of the competitive market as well as an in-depth supply chain analysis to assist businesses in identifying major changes in industry practices. The market report also examines the current state of the Automotive Cyber security industry, as…
Ready-mix Concrete Market to Witness Exponential Growth with a CAGR of 6.1% from …
The latest research study released by Transparency Market Research on "𝐑𝐞𝐚𝐝𝐲-𝐦𝐢𝐱 𝐂𝐨𝐧𝐜𝐫𝐞𝐭𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐭𝐨 𝟐𝟎𝟐𝟑-𝟐𝟎𝟑𝟏 ″ research provides accurate economic, global, and country-level predictions and analyses. It provides a comprehensive perspective of the competitive market as well as an in-depth supply chain analysis to assist businesses in identifying major changes in industry practices. The market report also examines the current state of the Ready-mix Concrete industry, as well as…
More Releases for America
Deodorants Market Report by Region (North America, EMEA, Latin America, Asia)
2025 - Pristine Market Insights, a leading market research firm, announced the release of its latest and comprehensive market research report on Deodorants market. The report spans over 500 pages and delivers 10-year market forecast in US dollars (or custom currencies upon request). It provides in-depth analysis of market dynamics (drivers, opportunities, restraints), PESTLE insights, latest industry trends, and demand factors. The report includes segmented market value, share (%), compound…
Sequestrant Market Report by Region (North America, EMEA, Latin America, Asia)
2025 - Pristine Market Insights, a leading market research firm, announced the release of its latest and comprehensive market research report on Sequestrant market. The report spans over 500 pages and delivers 10-year market forecast in US dollars (or custom currencies upon request). It provides in-depth analysis of market dynamics (drivers, opportunities, restraints), PESTLE insights, latest industry trends, and demand factors. The report includes segmented market value, share (%), compound…
Buttermilk Market Study by Region (North America, Latin America, Europe, Asia, M …
2025 - Pristine Market Insights, a leading market research firm, announced the release of its latest and comprehensive market research report on Buttermilk market. The report spans over 500 pages and delivers 10-year market forecast in US dollars (or custom currencies upon request). It provides in-depth analysis of market dynamics (drivers, opportunities, restraints), PESTLE insights, latest industry trends, and demand factors. The report includes segmented market value, share (%),…
Masterbatches Market Study by Region (North America, Latin America, Europe, Asia …
2025 - Pristine Market Insights, a leading market research firm, announced the release of its latest and comprehensive market research report on Masterbatches market. The report spans over 500 pages and delivers 10-year market forecast in US dollars (or custom currencies upon request). It provides in-depth analysis of market dynamics (drivers, opportunities, restraints), PESTLE insights, latest industry trends, and demand factors. The report includes segmented market value, share (%),…
Textiles Market Analysis Report, Regional Outlook - Europe, North America, South …
Adroit Market Research has announced the addition of the “Global Textiles Market Size Status and Forecast 2025”, The report classifies the global Textiles in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.
This report studies the global Textiles Speaker market, analyzes and researches the Textiles Speaker development status and forecast in Europe, North America, Central America, South America, Asia Pacific…
Global Gaucher Disease Market 2018 Covering North America, South America, Europe
Gaucher Disease Market
Summary
The Global Gaucher Disease Market is defined by the presence of some of the leading competitors operating in the market, including the well-established players and new entrants, and the suppliers, vendors, and distributors. The key players are continuously focusing on expanding their geographic reach and broadening their customer base, in order to expand their product portfolio and come up with new advancements.
Gaucher Disease market size to maintain the average annual growth…
