Dec. 13, 2019, 1:15 p.m. EST

Licensed Sports Merchandise Market size will reach CAGR of 3.7% in 2023| Business analysis of Consumer Durables & Apparel,Textiles, Apparel & Luxury Goods,Apparel, Accessories & Luxury Goods sector

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Dec 13, 2019 (The Expresswire) -- Licensed Sports Merchandise Industry 2020 Global Market research report studies latest Licensed Sports Merchandise industry aspects market size, share, trends, growth, business overview and Licensed Sports Merchandise industry scenario during the forecast period (2020-2023).

Industry Research Report On- Licensed Sports Merchandise Market by Distribution Channel, Product, End-users, and Geography - Global Forecast and Analysis 2019-2023 , will use to

  • Providing a comparative analysis of the Licensed Sports Merchandise Market leaders on the basis of Product offerings, Business strategies, SWOT (strengths, weaknesses, opportunities, threats), Key financials

  • Understanding the competitive landscape and identifying the major growth strategies adopted by players across key regions

  • Analyzing the market dynamics and competitive situations and trends across regions and their impact on prominent market players

  • Identifying and profiling key players in Consumer Durables and Apparel, Textiles, Apparel and Luxury Goods,Apparel, Accessories and Luxury Goods Sector of Licensed Sports Merchandise Market.

  • Industry researcher project The Licensed Sports Merchandise market was valued at USD 6.46 Billion and CAGR of 3.7% during the period 2020-2023.

Get a Sample PDF of report -

“The latest trend gaining momentum in the market is the increasing popularity of athleisure.”

According to the report, one of the major drivers for this market is the increased awareness about fitness activities.

Further, the report states that one of the major factors hindering the growth of this market is the rising labor cost and fluctuating raw material prices.

Global Licensed Sports Merchandise Market: About this market

Licensed sports merchandise market analysis considers sales from apparel and footwear, accessories and gifts, toys and games, and other products. Our analysis also considers the sales of licensed sports merchandise in APAC, Europe, MEA, North America, and South America. In 2018, the apparel and footwear segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as increased participation in sports and physical training activities will play a significant role in the apparel and footwear segment to maintain its market position. Also, our global licensed sports merchandise market report looks at factors such as design and material innovations leading to product premiumization, the high influence of celebrity endorsements on customer purchase decisions, and increased awareness about fitness activities. However, rising labor cost and fluctuating raw material prices, the environmental impact of the production of sports merchandise, and stringent government regulations for procurement of leather may hamper the growth of the licensed sports merchandise industry over the forecast period.

Licensed Sports Merchandise MarketTrend, Challengeand Driver: -

Global Licensed Sports Merchandise Market: Overview

  • Increased awareness of fitness activities

  • The increasing number of fitness initiative programs and campaigns on social networking sites is creating awareness about the importance of fitness and health. This is encouraging consumers to remain fit and use social media fitness apps and socially integrated fitness trackers. The increase in participation in various sports and fitness activities is leading to the expansion of the global licensed sports merchandise market at a CAGR of over 4% during the forecast period.

  • The increasing popularity of athleisure

  • There is an increase in the demand for sports leisure shoes and sports leisure apparel and footwear in various developed and developing regions. Athleisure outfits are made from materials that provide odor reduction, offer moisture-wicking, and have stretchability properties. This is encouraging vendors to focus on innovations and improvements in design and quality of athletic outfits homes, which will make them more breathable, lightweight, and waterproof. The increasing popularity of athleisure is expected to have a positive impact on the overall market growth.

  • For the detailed list of factors that will drive the global licensed sports merchandise market during the forecast period 2020-2023, click here.

Competitive Landscape

  • With the presence of several major players, the global licensed sports merchandise market is fragmented. Technavio’s robust vendor analysis is designed to help clients improve their market position. , and in In line with this, this report provides a detailed analysis of several leading licensed sports merchandise manufacturers, that include Adidas AG, Columbia Sportswear Co., DICK'S Sporting Goods Inc., Fanatics Inc., G-III Apparel Group Ltd., Hanesbrands Inc., Nike Inc., PRADA Spa, PUMA SE, and Under Armour Inc.

  • Also, the licensed sports merchandise market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

Feel Free to Ask Question Before Purchasing the Report at -

The research was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Key vendors operating in Licensed Sports Merchandise market space are-

  • adidas AG, Columbia Sportswear Co., DICK'S Sporting Goods Inc., Fanatics Inc., G-III Apparel Group Ltd., Hanesbrands Inc., Nike Inc., PRADA Spa, PUMA SE, and Under Armour Inc.

Geographically, the report splits global into the Americas, APAC, EMEA regions. The global and regional Licensed Sports Merchandise market dynamics are carefully studied and explained which helps to understand evolving market trends, drivers, opportunities, and challenges for the global Licensed Sports Merchandise market.

Global Licensed Sports Merchandise Market2020 Answers the following Key Questions.

  • What will be the Licensed Sports Merchandise market size and expansion rate in 2023?

  • Who are the key producers of Licensed Sports Merchandise and Where they lie on a global scale?

  • What are the Licensed Sports Merchandise market kinetics and industry perspectives?

  • Who will be the target audience of Licensed Sports Merchandise industry?

  • What are the opportunities, challenges, and threats influencing the growth of Licensed Sports Merchandise market?

  • What are the main driving attributes, Licensed Sports Merchandise market trends, short-term, and long-term policies?

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