PUBLISHER: Grand View Research | PRODUCT CODE: 1574858
PUBLISHER: Grand View Research | PRODUCT CODE: 1574858
The Europe licensed sports merchandise market size is anticipated to reach USD 9.00 billion by 2030 and is projected to grow at a CAGR of 4.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. The strong fan culture surrounding sports plays a crucial role in driving the market growth. Europe has a rich history and passion for various sports, including football (soccer), rugby, cricket, tennis, and more. Fans are deeply attached to their favorite teams and athletes, and wearing licensed sports apparel allows them to express their support and affiliation. Sporting events, such as league matches and international tournaments, draw large crowds, and fans eagerly adopt merchandise featuring their beloved teams' logos, colors, and names.
In addition, manufacturers in these regions are partnering with local players, which is anticipated to significantly boost sales throughout the forecast period. For instance, in November 2022, Next partnered with Fanatics to offer a range of licensed sports merchandise on Next.co.uk. This is Fanatics' first partnership with a major retailer in Europe. Next will handle the online experience and fulfillment while using Fanatics' expertise to increase its sportswear selection. The expanded collection is now available on Next.co.uk for the whole family.
Germany has a strong sports culture, and sports footwear is an essential component of athletic performance and style. The country's passion for sports, particularly football, athletics, and other popular sports like basketball and tennis, creates a significant demand for licensed sports footwear. For instance, in May 2023, Adidas and Prada launched their first football footwear collection, combining the iconic styles of both brands. The collection includes the X Crazyfast, the Copa Pure, and the Predator Accuracy.