According to a new report published by Allied Market Research, titled, “global football market by type, manufacturing process and distribution channel: global opportunity analysis and industry forecast, 2021–2027,”
The global football market size was valued at $1,883.6 million in 2019. The global football market forecast, it is projected to reach $3,712.7 million by 2027, registering a CAGR of 18.3% from 2021 to 2027. Europe was the highest contributor to the market and is estimated to grow at a CAGR of 17.7% during the forecast period.
Rise in participation of women and kids is adding in growth of the global football market share. Rise in participation is attributed to increase in football clubs and associations. These clubs organize football leagues at national or international levels.
Furthermore, promotion of football leagues lead to popularity of the sport. This popularity drives women and kids to participate in the football game. Moreover, celebrity endorsement and aggressive advertisement also promote participation in football. Thus, football clubs and association play a vital role in the global football market trends.
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The global market is classified into type, manufacturing process, distribution channel, and region. By type, the market is segmented into training ball, match ball, and others. On the basis of manufacturing process, the market is segmented into hand stitch, machine stitch, and thermally bonded. On the basis of distribution channel, it is classified into online and offline. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, Spain, Italy, France, Russia, and Rest of Europe), Asia-Pacific (China, Japan, South Korea, Australia, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
The key players in the global football companies profiled in the report are Adidas AG, Baden Sports, Decathlon Sports Pvt. Ltd., Franklin Sports Inc., Mitre International, Nike Inc., Puma SE, Select Sports A/S, UMBRO, and Wilson Sporting Goods.
Key Findings Of The Study
• On the basis of type, the training football segment is projected to witness the higher growth rate during the forecast period.
• On the basis of manufacturing process, the hand stitched segment is expected to dominate the market from 2021 to 2027.
• On the basis of distribution channel, the offline segment is expected to grow at a significant 17.7% CAGR during the forecast period.
• On the basis of region, Europe is the highest contributor to the global football market growth
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Source: Allied Market Research