Tuesday, February 11, 2025
spot_img
spot_imgspot_img
HomeTechnical ArticlesA rapid growth is forecasted for global sports merchandise market by 2024

A rapid growth is forecasted for global sports merchandise market by 2024

licensed-sports-merchandise-market-sizThere is a rapid growth is forecasted for the global sports merchandise retail market is likely to reach £36 billion by 2024. Growth is being driven worldwide by continuous innovation and development by major producers. These producers design and manufacture some of the most gorgeous sporting accessories, sports apparel and general memorabilia. Now-thriving economies like India and China are contributing enormously to the growth of the industry, as millions of new customers spend vast combined sums of cash on sporting merchandise.

The advent and expansion of ecommerce has also played a role in driving industry growth. Online retail reduces overheads that quality sports merchandise can be picked up at far lower prices than would be the case with any traditional retailer. Enormous global marketing campaigns have been credited with contributing to the growth of the industry. Additonally, US powerhouses like Major League Baseball (MLB) and the National Basketball Association (NBA) achieve spectacular merchandise sales each year.

Designers and manufacturers continue to ink lucrative deals with major franchises, sporting celebrities and individual clubs. Just a few examples of which include Adidas – Reebok, Nike Inc., VF Corporation, G-III Apparel, Dick’s Sporting Goods, Jarden Corporation, Knight Apparels, New Era Cap, Under Armour and Great American Products.

YOU MAY ALSO LIKE

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement - spot_img

Join Our Weekly Newsletter

spot_img

Upcoming Events

 

Simillar News

Recent Random

30% of BUTEX Graduates Are Not Joining the Textile Sector: Student Research

"Is there any life left if you work in textiles? Spending 12 hours a day in the factory then there is no time for...

Hoorain HTF Ltd. will exhibit at Texworld Paris 2025

Join the journey with Hoorain HTF Ltd. at Texworld Paris 2025! Explore innovation in textiles from Feb 10-12, 9 AM - 5 PM at...

Recover™ aims to foster a sustainable and circular textile industry in Bangladesh

In 2022, Leading material science company, Recover™, has announced the official opening of its new facility in Bangladesh, expanding the company´s manufacturing capabilities and...