Sport Market Scope
Sports are popular all around the globe for many years. This healthy physical activity form batter social relationship, which is generally competitive and needs to be well organized. The main point of sports is to promote, maintain and improve physical ability and skills. For large view sports classified into two types such as organized sport and participation sport. Organized sport is an activity done by club, association or other body such as social club, sporting club, among others. Participation sport involve soccer/football, badminton, field hockey, volleyball, among others. Owing to increase in popularity of international sports competition, sports market is expected to grow at a significant rate during the forecast period.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Nike (United States), ESPN (United States), Adidas AG (Germany), Gatorade (United States), Sky Sports (United Kingdom), Puma SE (Germany), Under Armour (United States), UFC (United States), YES Network (United States), Reebok (United States), Heiwa Corporation (Japan), Liberty Media Corporation (United States), Maruhan Corporation (Japan), Cosco Sports (India), Asics (Japan) and New Balance (United States) |
CAGR | % |
Sport market is a fragmented market due to the presence of various players. The players are focusing on increasing their capacity to gain high market share and establish their position in the market. Further, companies are focusing on using advanced technology for batter experience with improve quality and promotes performance. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launch, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Sport market throughout the predicted period.
Nike (United States), ESPN (United States), Adidas AG (Germany), Gatorade (United States), Sky Sports (United Kingdom), Puma SE (Germany), Under Armour (United States), UFC (United States), YES Network (United States), Reebok (United States), Heiwa Corporation (Japan), Liberty Media Corporation (United States), Maruhan Corporation (Japan), Cosco Sports (India), Asics (Japan) and New Balance (United States) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Sport market by Type and Region with country level break-up.
On the basis of geography, the market of Sport has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
In November 2019, Manchester City acquired 65% stakes in ISL’s Mumbai city FC. Mumbai City FC the eighth team that acquired by CFC after New York City FC, Melbourne City FC, Yokohama F Marinos in japan and among others. This acquisition strengthen the position of Manchester City FC in sports.
In November 2022, The Salvation Army and the Dallas Cowboys come together and announced the kickoff for the 132nd Red Kettle Campaign. This event helped the Dallas Cowboys to improve it presence in sports and their image.
Influencing Trend:
Increasing Demand of Artificial Intelligence to Enhance Athletic Performance and Personalize the Fan Experience
Market Growth Drivers:
Increasing Disposable Income across the Globe, Growing Interest of Developing Countries for Sports Campaign, Rise in Viewer for Sports from All around the Word and Booming Popularity of Athletes
Challenges:
Decreasing Demand to Watch Sports at Venue, Increasing Incidence Of Sports Doping and Negative Publicity and Rise in Incidence of Hooliganism is Some Sports and Some Countries
Restraints:
Sudden Withdrawal of Funding From Sponsors or Governments and Rise in Incidence of Hooliganism is Some Sports and Some Countries
Opportunities:
Increasing Use of Virtual Reality Technology
Key Target Audience
Sport Service Provider, Sport Co-Ordinator, Sport Team and Club Founder, Sport Investor, Government Bodies, Regulatory Bodies, Potential Investors, Research and Development Institutes, End Users and Others