NEW YORK, Oct. 2, 2023 /PRNewswire/ — The licensed sports merchandise market is estimated to grow by USD 7.58 billion from 2022 to 2027, growing at a CAGR of 4.7%. The licensed sports merchandise market is fragmented owing to the presence of many global and regional companies. A few prominent companies that offer licensed sports merchandise market are 47 Brand LLC, ANTA Sports Products Ltd., Boardriders Inc., Columbia Sportswear Co., DICKS Sporting Goods Inc., Fanatics Inc., Frasers Group plc, G III Apparel Group Ltd., Hanesbrands Inc., Li Ning Co. Ltd., New Era Cap LLC, Nike Inc., Prada Spa, PUMA SE, Ralph Lauren Corp., Rawlings Sporting Goods Co. Inc., Thornico AS, Under Armour Inc., VF Corp., and Adidas AG. The report provides a full list of key companies, their strategies, and the latest developments. Download a FREE Sample before buying
- ANTA Sports Products Ltd. – The company offers licensed sports merchandise such as Always Original t-shirts, laced tank tops, leggings, tights, joggers, and hoodies.
- Boardriders Inc. – The company offers licensed sports merchandise such as apparel, shoes, and hats.
- Columbia Sportswear Co. – The company offers licensed sports merchandise such as lifestyle shoes, apparel, snowboards, snowboard boots, outerwear, and accessories.
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By Geography, the market is classified as North America, Europe, APAC, South America, and Middle East and Africa. North America is estimated to contribute 34% to the growth of the global market during the forecast period. North America dominates the licensed sportswear market in 2022 owing to factors such as the presence of a growing sports industry and high rates of obesity and diabetes, encouraging more people to participate in sports activities to stay fit and healthy. The growing participation of people in sports activities will play a key role in the market growth in the region. The growing use of online shopping platforms to purchase sporting goods is a key factor contributing to the growth of the market in the North American region. Furthermore, growing demand for personalized sports products will drive market growth in North America during the forecast period.
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- Impactful driver- High influence of celebrity endorsements on customer purchase decisions
- Key Trend – Expansion of the distribution network
- Major Challenges – The increasing competition from unorganized sectors
- By Distribution Channel, the market is classified into offline, and online.
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- How do the major trends impact the market?
- How big is the North America market?
- How do the key drivers and challenges impact the market?
The sports apparel market size is estimated to grow at a CAGR of 6.82% between 2022 and 2027. The market size is forecast to increase by USD 75.6 billion. Furthermore, this sports apparel market report extensively covers market segmentation by distribution channel (offline and online), end-user (men, women, and children), and geography (North America, Europe, APAC, South America, and Middle East and Africa). One of the key factors driving the market growth is product premiumization due to the introduction of more innovative sports apparel.
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Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Distribution Channel
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Company Landscape
12 Company Analysis
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Originally published at https://www.prnewswire.com/news-releases/licensed-sports-merchandise-market-to-grow-by-usd-7-58-billion-from-2022-to-2027–presence-of-companies-like-47-brand-llc-anta-sports-products-ltd-and-boardriders-inc-and-more-makes-the-market-fragmented–technavio-301943963.html
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