Dublin, March 18, 2020 (GLOBE NEWSWIRE) — The “Football Market – Growth, Trends and Forecast (2020-2025)” report has been added to from ResearchAndMarkets.com offer.
The global football market is expected to register a CAGR of 3.57% during the forecast period (2020-2025).
The football market is growing worldwide with people’s increasing interest in the sport of football fueled by leagues at club level and national level.
The sport requires a fair amount of physical work in the form of running, thereby improving endurance levels. It also keeps the body strong, flexible and fit. Hence, being a comprehensive training program, the game is becoming popular among young athletes, cricketers and runners, who play football as part of their fitness routine as an alternative sport.
However, due to the popularization of video games, young people are less indulging in real games, which in turn leads to a drop in demand for soccer balls.
Main market trends
Introduction of butyl bladders and silicone valves
Bladders are usually made of latex, but another range of butyl bladder soccer balls have invaded the high end soccer market due to the effectiveness of the material. Butyl bladders hold air for much longer periods of time than their latex counterparts. They also offer better contact quality compared to latex bladders. However, latex bladders provide better surface tension compared to butyl bladders.
Therefore, butyl bladders are the choice for higher quality soccer balls with latex providing the interiors for cheaper promotional and training balls. High-end soccer balls also have custom butyl valves for air retention. Silicone-treated valves are often used on high-end soccer balls for smooth insertion of the metal inflation needle and added protection against air loss. Overall, butyl bladders can hold air for 3-4 weeks at a time unlike latex bladders which need to be inflated at least once a week.
Europe holds the largest share of the football market
The growing number of football participants and the number of football clubs has greatly accelerated the demand for footballs in the country among all age brackets. Thus, it provides an excellent opportunity for foreign soccer ball manufacturing companies to expand their business in the country. There are over 7,000 football teams and around 5,300 clubs are members of the English football league system. Football clubs generate significant revenue, thanks to the increasing number of people who register in these football clubs every year.
With the ever-increasing concept of female empowerment, several women’s soccer clubs are being introduced in Europe and other regions that train and qualify individuals to play professionally. Moreover, with the provision of considerable sponsorships for the cause, women’s clubs become professional platforms, where teams are formed and compete at different levels in leagues and competitions, to the benefit of sponsors as well as players. .
The big players in the market, such as Adidas and Nike, are innovating their balls with abstract patterns and experimenting with the number of panels to give better stability to the ball. Introducing better products to the market will pave the way for more consumers to purchase products at a good price rather than choosing inferior quality balls at slightly lower prices. Due to the spread of soccer craze, customizing balls for leagues and individual games is the newest way to attract soccer customers. Manufacturers are therefore focusing on developing better and attractive balls to capture the market.
Main topics covered
1.1 Study deliverables
1.2 Assumptions of the study
1.3 Scope of the study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Constraints
4.3 Porter’s Five Forces Analysis
4.3.1 Threat of new entrants
4.3.2 Bargaining power of buyers/consumers
4.3.3 Bargaining power of suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By size
5.1.1 Size 1
5.1.2 Size 2
5.1.3 Size 3
5.1.4 Size 4
5.1.5 Size 5
5.2 By distribution channel
5.2.1 Specialized stores
5.2.2 Supermarkets and Hypermarkets
5.2.3 Online stores
5.2.4 Other distribution channels
5.3.1 North America
5.3.4 South America
5.3.5 Middle East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Most active companies
6.2 Most Adopted Strategies
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 Adidas AG
6.4.2 Nike Inc.
6.4.3 Puma SE
6.4.4 Under Armor Inc.
6.4.5 Select Sport A/S
6.4.6 Cambuci S/A (Penalty)
6.4.7 New Balance Inc.
6.4.8 Skechers USA Inc.
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
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