Authored By: Sarah
22 Jan 2025

Latest News- Fantasy Sports Market: Fantasy soccer is expected to lead the Product segment during 2025-2029

The Fantasy Sports Market is being driven by Launch of various apps for fantasy sports

The Fantasy Sports Market is expected to grow at a CAGR of 7.1% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 10132.9 million. In the realm of brand promotion, fantasy sports have emerged as a popular trend. Notable corporations, such as Unilever and ESPN, have collaborated on the Dove Men+Care fantasy football hub, providing consumers with exclusive insights and advice from industry experts. Similarly, Toyota has secured advertising spots within the Yahoo fantasy football league recaps. Hilton, too, has entered the fray with a free-entry fantasy racing contest exclusively for its Honors Club members. These global brands strategically employ fantasy sports to engage high-income consumers aged 25 to 50, thereby expanding their market reach and fostering customer loyalty. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on segments_for_ai.nslist

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

  • Launch of various apps for fantasy sports
  • High Internet penetration
  • Increasing number of sports leagues

However, the market also witnesses some limitations, which are as follows:

  • Uncertain future of fantasy sports and ill effects of gaming on health
  • Negative perceptions about fantasy sports
  • Legal and regulatory issues regarding fantasy sports in some jurisdictions

Benefits of Buying Global Fantasy Sports Market Research Report by Technavio

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Market Scope in Fantasy Sports Market Research Report

Market Scope

Report Coverage

Details

Page number

201

Base year

2024

Historic period

2019-2023

Forecast period

2025-2029

Growth momentum & CAGR

Accelerate at a CAGR of 7.1%

Market growth 2025-2029

USD 10132.9 million

Market structure

Fragmented

YoY growth 2024-2025(%)

6.1

Key countries

US, China, UK, Canada, Germany, Mexico, France, India, Brazil, and Japan

Competitive landscape

Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

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Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

The Fantasy Sports Market encompasses various sports leagues and tournaments, including the NFL, Premier League, IPL, and more, offering fans immersive experiences through fantasy sports platforms. High-speed internet and smartphones fuel this Online gaming business, enabling secure payment methods and innovative technologies like blockchain-based apps and fantasy chatbots. Sports Tech drives growth, with software engineers and data scientists in demand to cater to Baseball, Cricket, Football (rugby), and Volleyball fans, while addressing concerns over illegal sports betting. Internet penetration continues to expand, broadening the market's reach.

Market Research Overview

The global leisure products market encompasses sectors such as sports equipment, musical instruments, camping equipment, recreational vehicles, bicycles, toys, and consumer-oriented games. According to Technavio's market analysis, the market size is determined by the consolidated revenue generated by manufacturers in household durables, including consumer electronics, home furnishings, homebuilding products, household appliances, houseware and specialties, and leisure products. The market's expansion will be fueled by several factors, including the surge in fantasy sports platforms and high-speed internet penetration, enabling online gaming experiences for NFL, Premier League, IPL, and other sports league enthusiasts. The growing popularity of fan engagement in these tournaments is also driving market growth. The increasing number of health and fitness club memberships is another significant factor, as consumers seek active leisure pursuits.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.


Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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