USD 3.2 billion
Report ID: SQMIG25A2151 | Region: Global | Published Date: November, 2023 | Pages: 157 | Tables: 95 | Figures: 66
Global Football Market size was valued at USD 3.2 billion in 2021 and is poised to grow from USD 4.04 billion in 2022 to USD 6.79 billion by 2030, growing at a CAGR of 3.79% in the forecast period (2023-2030).
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Global Market Size
USD 3.2 billion
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The global football market is segmented into four major segments i.e. by type, distribution channel, size and region. Based on type the market is segmented as, training ball, match ball, others, manufacturing process, hand stitched, machine stitched, thermally bonded. Based on size the market is segmented as size 1, size 2, size 3, size 4, and size 5. Based on distribution channel the market is segmented as, online, offline. Based on region the market is segmented as, North America, Europe, Asia-pacific, LAMEA.
Analysis by Manufacturing Process
The hand-stitched segment holds the top position as the primary contributor to the football market, largely owing to the superior quality of its materials and construction. Hand-stitched footballs are renowned for their meticulous craftsmanship, as each panel is manually attached, ensuring precise shaping and robustness. This manual assembly process not only enhances the durability of the footballs but also guarantees a consistent shape, strength, and overall performance.
During the forecast period, the thermally bonded segment is poised to emerge as the fastest-growing category within the football market. This trend is largely propelled by the unique attributes of thermally bonded footballs, notably their ability to absorb less water during play. This characteristic contributes significantly to improved handling, offering players enhanced control and performance on the field.
Analysis by Product
The training football segment stands out as the primary contributor to the global market, largely due to the inherent durability and versatility of these footballs. Their robust design makes them suitable for various playing surfaces, whether it's on grass fields or cemented surfaces. This adaptability and resilience make training footballs a popular choice among players and coaches, as they can endure diverse conditions and provide consistent performance across different environments, contributing significantly to their dominance within the global football market.
During the forecast period, the match football segment is anticipated to experience rapid growth, emerging as the fastest-growing category. This surge is primarily attributed to its status as the preferred football type for leagues and official matches. Match footballs are meticulously designed to meet stringent standards and specifications required for professional games, making them the top choice among leagues and tournaments worldwide.
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North America plays a distinctive role in the football market, albeit with a primary focus on American football. While soccer, known as football in most parts of the world, continues to gain traction, it competes with established sports like American football, basketball, and baseball. Despite this competition, soccer's popularity has steadily risen, particularly among younger demographics and immigrant communities.
Asia-Pacific holds a significant and evolving position within the global football market. While football competes with other popular sports like cricket and basketball in certain areas, its popularity has been steadily rising across the region. Countries like Japan, South Korea, China, and Australia have witnessed a surge in interest and investment in football. The region hosts various professional leagues and tournaments, contributing to the sport's visibility and engagement.
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Rise in the Popularity of Sports and Fitness
Increasing Traction of Virtual Games
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The competitive environment of the global football market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Leading brands invest in research and development to introduce new flavors, packaging formats, and health-focused variations to cater to changing consumer preferences. They often set the trends in the industry.
Top Player’s Company Profiles
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
The global football market analysis reveals a dynamic marketplace with a number of standout trends and difficulties. The growing interest in football, fostered by leagues both at club and national levels, stands as a driving force behind the sport's global market growth. This upward trajectory is further propelled by heightened participation among women and children, significantly contributing to football's expanding market share worldwide. The surge in engagement is directly linked to the proliferation of football clubs and associations, which actively organize leagues on national and international platforms.
|Market size value in 2021||USD 3.2 billion|
|Market size value in 2030||USD 6.79 billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Football Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Football Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Football Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Football Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
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Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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