The global football market size was valued at $ 1,883.6 million in 2019. According to the global football market analysis, it is estimated to reach $ 3,712.7 million by 2027. The global market is forecasted to grow at a CAGR of 18.3% from 2021 to 2027.
Football is a popular sport played globally. Increase in football events at global and national levels is influencing participation of players. Furthermore, this influence fuels growth of the global football market. Observing this response from the market, manufacturers are endeavoring to increase quality and features of their products. Consequently, footballs are coming up with features such as high-quality stitching and durable body. These specialized features promote easy handling, passing, and shooting of footballs. Moreover, sports celebrities also promote sports events and football products. Promotion is done through platforms such as televisions, sports events, and social media. Social media promotion is very effective among the youth. Nowadays, engagement of youth in social media is very high. Hence, product quality improvement and social media influence contributes toward growth of the industry.
However, the COVID-19 pandemic has adversely affected the global football industry growth as governments have issued instructions to maintain social distancing and avoid mobility to control spread of coronavirus. Consequently, sports leagues and events have been cancelled or put on hold. Furthermore, cancellation of sports events have caused loss to event organizers as well. Hence, this outbreak has caused a halt in the global football market growth. In addition, virtual games have gained traction among youth. Virtual games include computer games, mobile games, and video games. Growth in trend of virtual games is decreasing the participation of youth in physical sports such as cricket and football. This decrease in number of players also creates a restraint on the global market.
According to the global football market, it is segmented into product type, manufacturing process, distribution channel, and region. On the basis of type, the market is categorized into training ball, match ball, and others. On the basis of manufacturing process, it is segmented into hand stitched, machine stitched, and thermally bonded. By distribution channel, it is segregated into online and offline. Region-wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, Spain, Italy, France, Russia, and Rest of Europe), Asia-Pacific (China, Japan, South Korea, Australia, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa)
Based on the global football market forecast by product type, the market is divided into training football, match football, and others. The training football is the largest contributor to the global market. This is attributed to the fact that training footballs are durable and suitable to play with in any surface such as grass fields or cemented surface. However, the match football segment is expected to be the fastest growing segment during the forecast period, owing to the fact that it is the most preferred type of football for leagues and matches.
Others segment is the fstest growing segment of Global Football Market
On the basis of manufacturing process, the global football market is segmented into hand stitched, machine stitched, and thermally bonded. The hand stitched segment is the highest contributor to the market. This is attributed to the quality of its material. As panels of hand stitched footballs are attached manually, it provides a proper shape and strength to footballs. Furthermore, thermally bonded segment is expected to be the fastest growing segment during the forecast period, as they are thermally bonded footballs and absorb less water while playing, which promotes better handling.
By Manufacturing Process
Thermally bonded segment is the fstest growing segment of Global Football Market
By distribution channel, the market is divided into online and offline sales channels. The offline segment is the highest contributor to the industry as it provides instant gratification to customers and allows physical examination of products before purchasing. On the contrary, the online segment is expected to be the fastest growing segment during the forecast period, owing to rapid growth of e-commerce platforms
By Distribution Channel
Online segment is the fstest growing segment of Global Football Market
Region-wise the dominance of North America and Europe is more in the global market. This is attributed to commencement of national & international football events and increase in the popularity of sports in these regions. Furthermore, participation of associations and sponsorships are adding to the market growth.
Asia-Pacific segment is the fstest growing segment of Global Football Market
Key players in the industry rely on strategies such as product launch and innovation to remain in relevant in the global football market share. These strategies are adopted to maintain dominance of the industry. The key players in the global football companies profiled in the report are Adidas AG, Baden Sports, Decathlon Sports Pvt. Ltd., Franklin Sports Inc., Mitre International, Nike Inc., Puma SE, Select Sports A/S, UMBRO, and Wilson Sporting Goods.
Key Benefits For Stakeholders
- The report provides a quantitative analysis of the current global football market trends, estimations, and dynamics of the global market from 2021 to 2027 to identify the prevailing opportunities.
- Porter’s five forces analysis highlights potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
- In-depth analysis and the market trends and segmentation assists to determine the prevailing global football market opportunities.
- The major countries in each region are mapped according to their revenue contribution to the market.
- The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players in the industry.
KEY MARKET SEGMENTS
- Training ball
- Match ball
- Others (Indoor, Beach, Turf Ball, etc.)
- Hand Stitched
- Machine Stitched
- Thermally Bonded
By Distribution channel
- North America
Football Market Report Highlights
By MANUFACTURING PROCESS
By DISTRIBUTION CHANNEL
Key Market Players
SELECT SPORTS A/S, FRANKLIN SPORTS INC., DECATHLON SPORTS PVT LTD., WILSON SPORTING GOODS, PUMA SE, UMBRO, ADIDAS AG, NIKE, INC., .MITRE INTERNATIONAL, BADEN SPORTS
The global football market has a wide scope for growth in the future, owing to rise in professional leagues and events. These events encourage participation in sports. Furthermore, sports celebrities, sponsorships, and football associations contribute on a large scale in promotion of football events. With growth in trends of the market, manufacturers are improving quality of their products. These improvements include durable footballs, high quality stitches, and aerodynamic football body. However, counterfeit products create a hurdle in the market growth. On the contrary, rise in consciousness among consumers regarding health and fitness promotes participation in sports. Moreover, addition of football in extracurricular activities in educational institutes also influences youth to participated in such sports. These trends and acceptance of football is expected to propel the market growth.