Latest News- Football Market: Offline is expected to lead the Distribution Channel segment during 2024-2028

The Football Market is being driven by Increase in football events at global and national levels

The Football Market is expected to grow at a CAGR of 3.45% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 599.29 million. In the football manufacturing industry, there is a growing trend towards utilizing recycled materials in production processes. Brands are integrating recycled polyester for ball coverings and recycled rubber for bladders to minimize waste and lessen the environmental impact of production. Manufacturers are also investigating eco-friendly dyes, water conservation techniques, and energy-efficient methods to reduce the carbon footprint of football production. Furthermore, some companies are experimenting with biodegradable components, such as biodegradable foam for ball padding and natural rubber for bladders, which decompose more readily at the end of a product's life cycle, thereby reducing environmental harm. For instance, Select Sport AS's PLANET football is crafted from recycled PET bottles and natural latex, decreasing its environmental impact while providing extended durability and an improved surface structure that enhances control in wet and humid conditions. 

Get more information on Football Market by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Distribution Channel
  • Offline
  • Online
• Type
  • Training ball
  • Match ball
  • Others
• Geography
  • Europe
    • Germany
    • UK
    • France
  • South America
    • Brazil
  • APAC
    • China
  • North America
  • Middle East and Africa

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

• Increase in football events at global and national levels
• Rising popularity of football clubs
• Innovation in football design and technology

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

• Increasing adoption of virtual games by youth
• Concerns associated with use of advanced materials and weight distribution of football
• Fluctuating raw material prices of football

Benefits of Buying Global Football Market Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in Football Market Research Report

Request Free Sample

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

Research Analysis Overview

Young adults are driving consumer expenditure in the football market, with a focus on product innovation such as fitness apps, outdoor games, and football-related products that promote health consciousness and physical effort. Stamina levels and prevention of health diseases are key concerns. Broadcasting rights deals, sponsorships, and endorsement agreements with sports celebrities on digital platforms and social networks are major revenue streams. Women's football is gaining investment and viewership, while stitching and body care products cater to players. Sports leagues, events, organizers, and virtual/computer games complete the dynamic football market landscape.

Market Research Overview

The global football market is a significant segment of the larger global leisure products market, which falls under the umbrella of the household durables market. This market encompasses various categories, including sports equipment, such as football team apparel, training equipment, and athletic footwear, as well as sports merchandise sales, broadcasting rights, youth football development, media partnerships, player endorsements, ticket sales, stadium infrastructure, soccer ball industry, women's soccer, and digital platforms. The growth of this market is influenced by several factors, including the surge in health and fitness club memberships, increasing sports marketing strategies, and the rise of fantasy soccer and sports betting. Additionally, advancements in sports analytics are revolutionizing team performance and fan engagement. Technavio projects that the global household durables market, which includes the revenue generated by manufacturers of household durables, will experience substantial expansion due to these trends.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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/