The latest research study by IMARC Group, “Football Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” offers a comprehensive analysis of the industry, which comprises insights on global football market price. The global football market size reached US$ 3.02 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 3.87 Billion by 2027, exhibiting a CAGR of 4.10% during 2022-2027.
Football Industry Outlook:
Football is an oval, air-inflated ball used to play a common sport involving two teams of 11 players. It is made of synthetic leather, such as polyurethane (PU) and polyvinyl chloride (PVC). It offers durability and enhanced participation comfort, accuracy, speed, and control and is hand-stitched, thermally bonded, or machine stitched. It has high air retention and water-resistant properties compared to training balls and can be used in harsh environmental conditions. Since playing football offers numerous benefits, such as reduced body fat, boosted strength, stamina, speed, and improved heart health, blood pressure, bone strength, and muscle mass, it is gaining immense traction across the globe.
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Market Trends:
The global football market is primarily driven by the increasing prevalence of lifestyle diseases and the rising consumer health consciousness. Moreover, there has been a significant rise in awareness about the health benefits of engaging in outdoor sports activities, such as playing football. In line with this, the increasing participation of individuals in professional association football tournaments and leagues is another major growth-inducing factor.
Additionally, the introduction of customized footballs equipped with LED lights to improve their aesthetic appeal is positively influencing the market growth. Furthermore, the launch of high-quality stitching and durable footballs that promote easy shooting, handling, and passing of footballs has catalyzed market growth. Other factors, including easy product availability across e-commerce platforms, inflating consumer disposable incomes, product innovations, and significant infrastructure development of stadiums, parks, and clubs, are also anticipated to drive the market further.
Key Market Segmentation:
The report has been segmented the market into following categories:
Breakup by Type:
Breakup by Size:
Breakup by Distribution Channel:
Breakup by Geography:
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List of Key Companies Covered in this Market Report:
The major players in the market are 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) and Wilson Sporting Goods Company (Amer Sports).
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About IMARC Group:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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