IMARC Group’s report titled “Football Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032” The global football market size reached US$ 3.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 4.6 Billion by 2032, exhibiting a growth rate (CAGR) of 3.6% during 2024-2032.
The growing participation of individuals in professional football tournaments and leagues, rising awareness about the benefits of staying active and engaging in games, and increasing trend of adopting physical fitness activities as a part of self-care represent some of the key factors driving the market.
Key Trends/Drivers affecting the growth of the global Football Market
At present, soccer has a massive following around the world, with fans who are deeply emotionally connected to their favorite teams and players. This, in turn, represents one of the key factors supporting the growth of the market. Besides this, major tournaments like the FIFA World Cup and UEFA Champions League have global viewership, attracting advertisers and sponsors seeking international exposure, which is strengthening the growth of the market. In addition, the commercialization of soccer due to lucrative broadcasting deals, sponsorships, and merchandising opportunities, is catalyzing the demand for football, as people are actively seeking products endorsed by their favorite teams and players. Modern and well-equipped stadiums are also providing fans with a better in-person experience, increasing revenue from ticket sales, concessions, and hospitality. Apart from this, the popularity of football-themed video games and esports tournaments is creating new revenue streams and expanding the reach of the sport to younger generations. Moreover, innovations in materials, design, and manufacturing processes are leading to the development of high-performance footballs that enhance player experience and safety. Governing agencies and institutions are also providing financial support for football development, infrastructure, and hosting major tournaments, contributing to the growth of the market. In line with this, online platforms are providing people with convenient and diverse shopping experiences, allowing them to explore a wide range of products and make informed purchasing decisions. This digital transformation is expanding the market reach for key manufacturers and retailers, connecting them with a global audience. Additionally, the rising trend of adopting physical fitness activities among the masses is bolstering the market growth.
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About the Football Industry:
Football is a sports equipment primarily used in the sport of soccer. It is manufactured with materials that allow it to glow in the dark and enable evening or nighttime play and recreational games. It can also be created using high-quality stitching, durable body, and various specialized features for effortless handling, passing, and shooting. It often has a smoother outer surface to reduce bounce and maintain control on indoor surfaces like futsal courts. It meets strict standards set by governing bodies like Fédération Internationale de Football Association (FIFA) and is used in professional leagues and international competitions. It is known for its precision in flight, consistent bounce, and durability. It is designed for practice sessions, drills, and training exercises. It can withstand frequent use and varying weather conditions. It can also be equipped with sensors that can track various aspects of play, such as speed, spin, and accuracy, and this data can be synced with mobile apps for analysis and improvement. It should be kept away from harsh detergents or chemicals and should be cleaned with gentle soaps, synthetic leather cleansers, or just with water. It is used for marketing purposes, showing the logos or branding of clubs, sponsors, or events.
Leading Companies Operating in the Football Industry:
- Adidas AG
- Baden Sports Inc.
- Decathlon Sports India Pvt Ltd. (Decathlon S.A.)
- Formative Sport
- Franklin Sports Inc.
- Nike Inc.
- Nivia Sports
- Puma SE (Artemis S.A)
- Select Sport A/S
- UMBRO (Iconix Brand Group)
- Wilson Sporting Goods Company (Amer Sports).
Football Market Report Segmentation:
The report is organized into distinct sections as follows:
Breakup by Type:
- Training Football
- Match Football
- Others
Size Insights:
- Size 1
- Size 2
- Size 3
- Size 4
- Size 5
Distribution Channel Insights:
- Online
- Offline
Regional Insights:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Other Key Points Covered in the Report:
- COVID-19 Impact
- Porters Five Forces Analysis
- Value Chain Analysis
- Strategic Recommendations
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