Market Analysis
The global licensed sports merchandise market is estimated to grow at a notable CAGR between 2018-2023, reveals the Market Research Future (MRFR) report. Licensed sports merchandise, simply put, is licensing of items with names, symbols, and logos of different team players and sports organizations. Videogames, sports accessories and toys, sports footwear, sports apparel, and others are the different types of licensed sports merchandise.
Numerous factors are adding to the global licensed sports merchandise market growth. Such factors, according to the recent MRFR report, include increasing popularity of sports leagues, rising inclination of teens towards various outdoor sports, increasing inclination towards sports merchandise, and increasing awareness.
On the contrary, the availability of counterfeit products may limit the global Licensed Sports Merchandise Industry growth over the forecast period.
FOR MORE DETAILS: https://articlescad.com/licensed-sports-merchandise-industry-eyeing-notable-growth-due-to-rising-popularity-of-sports-league-194953.html
Market Segmentation
The MRFR report provides an inclusive segmental analysis of the global licensed sports merchandise market based on type, price range, and distribution channel.
By type, the global licensed sports merchandise market is segmented into videogames, sports accessories and toys, sports footwear, sports apparel, and others. Of these, sports footwear will lead the market over the forecast period. Factors adding to the growth of the segment include an increasing number of people focusing on routine workout and fitness and celebrity endorsements. The sports accessories and toys segment meanwhile will grow at a quick pace over the forecast period for technological advances, especially 3D printing in various sports accessories that has led to the immense popularity of 3D printed licensed team flags, celebrity figures, ball, sports keychain, and more.
By price range, the global licensed sports merchandise market is segmented into economic and premium. Of these, the economic segment will dominate the market over the forecast period for the affordability by a huge group of population worldwide. The premium segment meanwhile is predicted to grow at the highest CAGR over the forecast period for the increasing per capita income and increasing passion for sports.
Get a FREE Sample Copy of Report: https://www.marketresearchfuture.com/sample_request/7068
By distribution channel, the global licensed sports merchandise market is segmented into non-store based and store-based. The store-based is again segmented into specialty stores, convenience stores, hypermarkets and supermarkets, and others. Of these, the store-based segment will have a major share in the market over the forecast period for the feel of the sports product, high product appeal owing to its lucrative packaging, and strong vendor networks. Meanwhile, the non-store based is likely to grow at a high CAGR for the rising preference of consumers for online purchase and technological advances in the e-commerce industry.
Regional Analysis
By region, the global licensed sports merchandise market report covers the growth opportunities and recent trends across Europe, the Americas, the Asia Pacific (APAC), and the Rest of the World (RoW). Of these, North America will spearhead the market over the forecast period. Factors adding to the growth of the licensed sports merchandise market in the region include higher participation of people in the region in popular sports, especially soccer and baseball, and increasing fan following of recognized teams like Chicago Bulls and Dallas Cowboys.
The licensed sports merchandise market in the APAC region is predicted to grow at a quick pace over the forecast period for increasing popularity of different international sports, especially among teenagers due to the rising adoption of the cross-cultural fashion trend.
The licensed sports merchandise market in Europe is predicted to have healthy growth, and in the RoW is predicted to have stable growth over the forecast period.
Key Players
Key players profiled in the global licensed sports merchandise market report include Knights Apparel, Inc. (US), Li Ning (China), G-III Apparel Group (US), Quiksilver, Inc. (US), Ralph Lauren Corporation (US), Fanatics, Inc. (US), Sports Direct International plc (UK), Puma SE (Germany), Adidas AG (Germany), and Nike, Inc. (US).
Industry News
February 2020: PUMA has launched a sportswear collection created from recycled plastic.
Access Full Report Details and Order this Premium Report @ https://www.marketresearchfuture.com/reports/licensed-sports-merchandise-market-7068
Note : Our team of researchers are studying Covid-19 and its impact on various industry verticals and wherever required will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
To stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Contact
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune – 411028
Maharashtra, India
+1 646 845 9312
Email: [email protected]
