Brand Licensing for Sports Market to surpass USD $40.1 B by 2030 from USD $26.17 B in 2020 at a CAGR of 4.4% in the coming years, i.e., 2021-30.
The phrase "sports licensing" refers to agreements between teams and individual athletes and apparel and other product manufacturers. Every club in the globe utilizes partnerships and agreements to obtain new uniforms from players and to develop new apparel and merchandise for fans. Those who operate in this field also decrease the danger of counterfeiting and prevent firms from infringing on team and individual player trademarks. To make new transactions, they collaborate with a diverse group of people.
Brand Licensing for Sports market to surpass USD $40.1 billion by 2031 from USD $26.17 billion in 2021 at a CAGR of 4.4% in the coming years, i.e., 2022-31. The Brand Licensing for Sports market is anticipated to rise at a considerable rate during the forecast period. In 2021, the market is growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
segment to grow with the highest CAGR during 2021-31
Brand Licensing for Sports market is segmented by Type into Apparel, Consumer Packaged Goods, Novelties The Apparel segment held the largest market share in 2020 and is anticipated to register the highest growth over the forecast period. Due to increased buying power and outdoor activities, the clothing and footwear industry will see significant growth.
College Sports segment to grow with the highest CAGR during 2021-31
Brand Licensing for Sports market is segmented by Application into College Sports and Other Sports Over the projection period, the College Sports sector is expected to increase at the fastest rate. The teams are assisted with obtaining the necessary equipment for games and practices, as well as providing fans and followers with high-quality apparel and other items. The sports Brand Licensing sector is on its way to becoming a billion-dollar industry, with sales increasing year after year.
National Hockey League
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Brand Licensing for the Sports market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and the Middle East, and Africa. Brand Licensing for Sports market in North America held the largest market share in the year 2020. In the Brand Licensing for Sports market, North America is expected to have the highest market size. In North America, the United States is the leading producers of licensed sports merchandise as most of the key players are located in the country.
The Brand Licensing for Sports Market size was estimated at USD $26.17 B in 2020 and is expected to reach USD $40.1 B by 2030.
National Hockey League, Major League Baseball, National Basketball Association, National Football League, MLS, NASCAR, USTA, WNBA, WTA, Canadian Football League, Flat Track Canada,
College Sports segment is anticipated to hold the Brand Licensing for Sports Market share
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