With the emergence and long-term Impact of COVID-19, Global Football Market to reach USD 11962.47 million by 2030
Bizwit Research & Consulting LLP’s recent analysis on the Global Football Market points towards a potential rise to USD 11962.47 million by 2030. Football, also known as soccer in some parts of the world, is a popular team sport played with a spherical ball between two teams of 11 players each. It is the most widely played and watched sport in the world, with a global following. The Football market is expanding because of factors such as increasing awareness of outdoor sports and growing number of football clubs.
Professional football is organized into leagues and tournaments at both domestic and international levels. Some of the most prestigious international tournaments include the FIFA World Cup, held every four years, and the UEFA European Championship. At the club level, leagues such as the English Premier League, La Liga in Spain, and the Bundesliga in Germany are widely followed.
Geographically, the global Football market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). Europe dominated the market in 2022 owing to the increasing number of emerging players at club level football and rising number of football clubs in the region. According to Statista, the European football team with the highest midpoint enterprise value in 2022 was Real Madrid, with approximately USD 3.43 billion, followed closely by Manchester United with USD 3.11 billion, and FC Barcelona in third place with over USD 3 billion.
Furthermore, Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as increase in the number of strategic partnerships and active participation of government and nonprofit organizations to promote football at grassroots levels in the market space.
The global Football market is highly competitive owing to the presence of several key players such as Adidas AG, Baden Sports, Inc, Decathlon sports pvt ltd, Franklin sports Inc, Mitre international Nike, Inc, Puma SE, Select sports A/S, Iconix Brand UK Ltd, The Wilson Sporting Goods Company, and others.
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Global Football Market Size study & Forecast, by Type (Training ball, Match ball, Others), By Manufacturing Process (Hand Stitched, Machine Stitched, Thermally Bonded), By Distribution Channel (Online, Offline) and Regional Analysis, 2023-2030
Key findings of the study suggest:
- Global Football Market is anticipated to grow with a healthy growth rate of more than 18.3% over the forecast period 2023-2030.
- In the Type segment, Training ball emerged out as the leading market segment in 2022.
- Europe is anticipated to drive regional growth owing to increasing number of emerging players at club level football in the region.
- Asia Pacific is expected to grow at higher rate owing to active participation of government and nonprofit organizations to promote football at grassroots levels in the region
Bizwit Research & Consulting has considered following segments for the study:
- Training ball
- Match ball
By Manufacturing Process
- Hand Stitched
- Machine Stitched
- Thermally Bonded
By Distribution Channel
- North America
- Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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