News

Jan 18, 2024

Licensed Sports Merchandise Market is Growing at a CAGR of 6.0% from 2022 to 2031 Owing to Rise in Commercialization of Sports Events as per the TMR Study

Wilmington, Delaware, United States, June 08, 2023 (GLOBE NEWSWIRE) --

Wilmington, Delaware, United States, June 08, 2023 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The global licensed sports merchandise market size stood at US$ 30.8 billion in 2021 and is expected to be valued at US$ 54 billion by 2031. The global industry is estimated to expand at a CAGR of 6% between 2022 and 2031.

Increase in participation in sports and the rising popularity of various sports are anticipated to drive the global licensed sports merchandise market. Among passionate sports enthusiasts, licensed sports merchandise, such as tracksuits, t-shirts, socks, and jerseys, with the emblems of well-known sports teams are gaining popularity.

The market is anticipated to be driven by a rise popularity of sports apparel at affordable prices. Rise in popularity of local and international sports leagues, including the NBA, La Liga, Indian Premier League, NFL, and English Premier League, is also projected to fuel the demand for licensed sports products in the next few years. Novel products are introduced by market participants to increase their revenue.

Products and items that have the endorsement of a sporting group or athlete are known as licensed sports merchandise. It comprises video games, toys and accessories for sports, sports equipment, clothes, and shoes. Sports entities get a fixed amount of royalty payments from licensing companies for goods sold with their trademarked designs, logos, and other types of branding. Fans of sports and video games alike prefer wearing officially licensed sports gear. Sports apparel and accessories that are breathable, light, and waterproof are offered on the market at premium as well as affordable rates.

To Remain Ahead of Your Competitors, Request for a Sample: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2663

Market Snapshot:

Key Findings of Market Report

Global Licensed Sports Merchandise Market: Growth Drivers

Buy this Premium Research Report | Immediate Delivery Available - https://www.transparencymarketresearch.com/checkout.php?rep_id=2663&ltype=S

Global Licensed Sports Merchandise Market: Regional Landscape

Global Licensed Sports Merchandise Market: Key Players

Some of the key players in the global licensed sports merchandise market are as follows

Get Customization on this Report for Specific Research Solutions: https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=2663

Global Licensed Sports Merchandise Market: Segmentation

By Product Type

By Price

By Distribution Channel

Regions

Read More Related Reports:

Automotive Carbon Wheel Market Size [2023-2031] | Industry Share, Growth

Automotive Embedded Systems Market Size, Growth Analysis, Future Scenario 2023-2031

Urban Rail Transit Market Size, Trends, Analysis, Scope, Growth Drivers

About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact:

Nikhil Sawlani Transparency Market Research Inc. CORPORATE HEADQUARTER DOWNTOWN, 1000 N. West Street, Suite 1200, Wilmington, Delaware 19801 USA Tel: +1-518-618-1030 USA – Canada Toll Free: 866-552-3453 Website: https://www.transparencymarketresearch.com Blog : https://tmrblog.com Email: [email protected]